Compare the best home insurance quotes in Manitoba
In under five minutes, compare Manitoba home insurance quotes from the province's top providers – find your cheapest rate with us today.
How to compare Manitoba home insurance quotes with Ratehub.ca
Share information
Tell us a little about yourself and your property coverage needs.
Compare quotes
We instantly show you home insurance quotes from top Manitoba providers.
Save money
Choose your quote and secure your home insurance rate online.
Why you should choose to compare with Ratehub.ca
1,200,000
monthly active users
12 years
experience in the Canadian market
5-star rated
quality and respected service
Proudly Canadian
partnering and serving Canadians
How does home insurance in Manitoba work?
Matt Hands, VP, Insurance
Home insurance isn't required by law in Manitoba – 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 Manitoba, be sure to read on.
Types of Manitoba 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 Manitoba
While the type of home insurance plan you select will determine the risks you're insured against (e.g. theft, fire), most Manitoba home insurance policies will offer these standard coverages.
Dwelling coverage
Contents coverage
Liability coverage
Additional living expenses coverage
Common home insurance add-ons in Manitoba
You can also customize your Manitoba 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 Manitoba.
In just a few minutes, view customized home insurance quotes from top providers across Manitoba – find your best rate with us today.
How much is home insurance in Manitoba?
Manitoba homeowners pay an average of $1,032 per year, or about $80 per month, depending on many different factors. To see if you could be paying less, spend five minutes to compare personalized quotes for free.
Factors that impact your Manitoba 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
Location
Internal construction
Roof
Renovations & betterments
Pets
Pools & acessory dwellings
Special use
Credit score
Insurance history
How to get the cheapest home insurance in Manitoba
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 Manitoba.
Shop and compare
With Ratehub.ca, you can compare personalized home insurance quotes from top Manitoba companies, all in one instance. You won't know which insurer offers the best rate until you shop the market.
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.
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.
Upgrade your property
While some upgrades (e.g. remodelled kitchen) can increase your premium, others (e.g. new roofing) can help lower it instead.
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.
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.
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.
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 Manitoba?
We've got you covered – compare Manitoba home insurance rates with us today to find your best option.