Compare and purchase the best home insurance rates in Ontario.
Ontario homeowners face a range of challenges, from extreme winter weather to an increased risk of flooding and water damage. However, insurance premiums can vary widely across the province due to regional risk factors. Homeowners in Toronto, for example, often pay more than those in Woodbridge because of differences in population density, crime rates, and local claims history.
With so many factors affecting home insurance costs, comparing quotes gives you confidence that you’re getting the right coverage at the best price. Surex has helped thousands of Ontario homeowners do exactly that by making it easy to compare home insurance quotes from Canada’s top-rated providers, all in one place.
Types of home insurance coverage offered in Ontario
Ontario home insurance often includes dwelling protection, personal property, liability insurance, and optional overland water
coverage for flooding caused by heavy rain or melting snow. Here’s what most Ontario homeowners include in their policies
to stay protected from common risks.
Protects you if you cause injury or property damage to others in an accident. Helps cover medical costs, legal fees, and/or repairs.
This provides coverage for loss and damage to your property and/or any assets.
A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.
These are optional coverages you can buy that protect you for water damage such as sewer back up and fresh water flooding.
This allows for the protection of your “claims-free discount” in the event of your first claim.
Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.
When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.
When you purchase broad home coverage, it limits your contents coverage to only specific coverages, (ie. theft, fire, water damage, etc.)
Recent home quotes in Ontario
Get the best rates from Canada’s top insurance providers
According to a 2024 study from Statistics Canada, home insurance costs have been climbing faster than inflation due
to rising weather-related losses. With weather events and urban density affecting premiums differently across Ontario,
comparing quotes is one of the best ways to find a fair rate. Surex partners with top-rated insurers, including Aviva,
Intact, and CAA, to get you the right coverage at competitive rates.
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Ontario home insurance rates vs. other provinces
With the biggest population in Canada, Ontario has a wide range of places you can live, and your postal code plays a factor when getting insurance. Make sure you have the coverage you need at a price you can afford. Start a free quote with us now to find out how much you could save!
Ontario tends to fall in the mid-to-high range nationally. Here’s how it compares.
Province |
Average Rates |
|---|---|
Ontario |
$1,797 |
Alberta |
$2,304 |
Nova Scotia |
$2,788 |
New Brunswick |
$2,402 |
Newfoundland & Labrador |
$2,513 |
Prince Edward Island |
$1,145 |
Manitoba |
$1,335 |
British Columbia |
$2,389 |
Yukon |
$1,830 |
Nunavut |
$3,516 |
Saskatchewan |
$1,873 |
Northwest Territories |
$3,367 |
Home insurance in Ontario - FAQs
To receive an accurate home insurance quote in Ontario, you’ll need the following information:
- The square footage of your home
- The year the home was built
- Details about any upgrades or renovations
- Your full address
- Your personal home insurance claims history
Having this information ready helps ensure you get the most accurate quote possible.
Home insurance rates in Ontario are set by individual insurance providers but must be approved by the Financial Services Regulatory Authority of Ontario (FSRAO).
Rates are based on several factors, including:
- Insurance data: Providers assess historical claims data in your area. If you live in a region with fewer past claims, your premium may be lower. In contrast, areas with frequent claims typically see higher rates.
- Home value: Insurers consider how much it would cost to rebuild your home in the event of a total loss. Larger or more customized homes typically cost more to insure.
- Your home insurance history: A clean record can help reduce your rate, while multiple past claims may increase it.
Because each insurer weighs these factors differently, comparing quotes is the best way to find competitive pricing.
One of the biggest reasons Ontarians switch insurance providers is price. At Surex, we partner with multiple home insurance companies across Ontario to give you a range of competitive quotes and help you access discounts that could lower your premium.
If you're looking for ways to reduce your home insurance costs, here are some common discounts offered by our insurance partners in Ontario
- Good credit discount
- Mortgage-free discount
- Gated community discount
- Alarm/home security discount
- Renewal discount
- Claims-free discount
- Age discount
- Sewer back-up discount
- New business discount
- Flex discount
- Loyalty discount
- Smoke-free home discount
- Household discount
- Multi-lines discount
- Occupational discount
Your Surex Advisor can help you determine which discounts you qualify for and find the best combination of savings and coverage.
The amount of home insurance coverage you need in Ontario depends on several factors, including where you live, the value of your home, and your risk exposure. Some coverages, like overland flood protection, may be required by insurers if you live near water or in a flood-prone area.
If you're interested in adding optional coverages to enhance your protection, your Surex advisor can walk you through your options and explain how they may affect your premium.
Home insurance may cover basement flooding in Ontario when the water comes from a sudden and accidental internal water source, such as a burst pipe or overflowing appliance. Flooding caused by external water sources, such as heavy rain, rising groundwater, or overflowing rivers, is typically not covered under a standard policy. To protect against these external risks, homeowners typically need optional sewer backup or overland water coverage. Adding these protections can help ensure your basement is covered against the most common flooding risks in Ontario.
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