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Compare the best Burnaby home insurance quotes & save today

In less than five minutes, compare personalized home insurance quotes from Burnaby's top providers – your best option is just a few steps away.

How to compare Burnaby home insurance quotes with

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    Tell us a little about yourself and your property coverage needs.

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  3. Save money

    Choose your quote and secure your home insurance rate online.

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How does home insurance in Burnaby work?

Home insurance isn't required by law in Burnaby – as well as the rest of Canada. While it's highly recommended that you carry some form of coverage to protect such as large asset, it's also entirely up to you as the homeowner. 

The one exception, however, is if you have a mortgage on the property. It's no surprise that most lenders will require you to carry home insurance as part of the lending agreement to safeguard their investment. 

A home insurance policy doesn't just pay for the repair and replacement of your property in the event of physical damage. It can also cover all the personal belongings within it and act as a financial safeguard against liability claims. To learn more about all things home insurance in Burnaby, be sure to read on.

Types of Burnaby home insurance policies

There are various different home insurance policies you can choose from – here, we cover three common types of plans, so you can choose the best one for your needs. It's important to note, however, that most homeowners will opt for the comprehensive choice as it offers the highest level of coverage.

Standard home insurance coverages in Burnaby

While the type of home insurance plan you select will determine the risks you're insured against (e.g. theft, fire), most Burnaby home insurance policies will offer these standard coverages.

Dwelling coverage

Contents coverage

Liability coverage

Additional living expenses coverage

Common home insurance add-ons in Burnaby

You can also customize your Burnaby home insurance policy further with optional add-ons (also known as endorsements). While the available options will differ depending on the insurer you choose, here are some common ones you can ask your insurance representative about.

  • Home-based business insurance

    If you run a business from home, you may want coverage agaisnt commercial-related risks (e.g. damaged stock).

  • Umbrella insurance

    These policies are typically sold separately. They offer an extension to your auto or home insurance's liability limit – plus cover additional forms of liability.

  • Identity theft insurance

    If your information is stolen with the intent to commit crime, this coverage can help you with the recovery process financially.

  • Extended contents insurance

    Some items (e.g. art, jewelry) have set coverage limits. With this add-on, you can increase the limit for peace of mind.

  • Flood insurance

    This covers you for flood damage (which can include overland water and sewer backup) – highly recommended for homes in flood-prone areas.

  • Earthquake insurance

    Earthquakes are usually an uninsured peril unless you add the coverage to your policy. Consider doing so if you live in an area that could be impacted.

Get the best home insurance quotes in Burnaby.

In just a few minutes, view customized home insurance quotes from top providers across Burnaby – find your best rate with us today.

How much is home insurance in Burnaby?

The cost of home insurance in Burnaby will differ case-to-case as it's calculated based on various individualized factors – generally speaking, the more risk you and your property bring, the higher your rate will be. To find the exact cost you’ll be paying, be sure to compare personalized home insurance quotes with us. Below are three sample quotes our Burnaby users received from us in June 2024.

  • $79/month

    1,076 square-foot detached home

    for one family, under MAX Insurance

  • $86/month

    1,991 square-foot semi-detached home

    for one family, under MAX Insurance

  • $95/month

    2,000 square-foot townhouse

    for one couple, under MAX Insurance

Factors that impact your Burnaby home insurance quote

Home insurance companies look at many factors to determine your personalized quote – here are a few key ones that help indicate the level of risk you bring as a policyholder.

Property type

Home replacement cost


Internal construction


Renovations & betterments


Pools & acessory dwellings

Special use

Credit score

Insurance history

How to get the cheapest home insurance in Burnaby

While insurers are the ones that ultimately determine the price you'll be paying, there are many steps you can take to ensure you're getting the best possible premium – here, we cover eight different ways to get cheap home insurance in Burnaby.

  1. Shop and compare

    With, you can compare personalized home insurance quotes from top Burnaby companies, all in one instance. You won't know which insurer offers the best rate until you shop the market.

  2. Bundle policies

    By securing your home insurance policy plus other coverage needs (e.g. auto, condo, tenant) under one provider, you'll be eligible for a multi-policy bundle discount.

  3. Stay loyal

    It's no surprise that insurers value customers who stay with them long-term. If you're renewing a home insurance policy with your current insurer, be sure to ask about loyalty discounts.

  4. Upgrade your property

    While some upgrades (e.g. remodelled kitchen) can increase your premium, others (e.g. new roofing) can help lower it instead.

  1. Improve your credit

    Many home insurance companies look at your credit score as an indicator of the risk you bring. Opting in for a soft credit check (and having a good score) will lead to the cheapest insurance rates.

  2. Install safety systems

    Certain safety systems, such as a centrally monitored alarm system, can lead to a discount – insurers like to see you lower your risk of having to make a claim.

  3. Increase your deductible

    Your deductible is the amount of money you agree to pay for a claim before your insurer meets the rest. Choosing a higher may leave you with more risk, but it will also lead to lower rates.

  4. Just ask

    You never know what discounts you can qualify for unless you ask. For example, you may be eligible alumni group rates.

Ready to secure the cheapest home insurance in Burnaby?

We've got you covered – compare Burnaby home insurance rates with us today to find your best option.

Frequently asked questions about home insurance in Burnaby

How much is home insurance in Burnaby?

What is not covered by Burnaby home insurance?

Can you cancel Burnaby home insurance?

What factors aren't used to calculate Burnaby home insurance rates?

What is a home insurance peril?

How do Burnaby home insurance claims work?

What is a home insurance deductible?