Compare the best Montreal home insurance quotes & save today

The average cost of home insurance in Montreal is $140 per month, but this fluctuates greatly on location and property type. For instance, condo insurance will be roughly half that price (though prices are rising due to ageing buildings), and renters insurance will be closer to $15 per month. 

Use our Montreal home insurance calculator to understand how much you'd pay for your property. 

Getting the best home insurance typically means extra coverage to insure yourself against all risks. Most home insurance policies are comprehensive in nature, except for a few things. Water insurance and earthquake insurance aren't standard, so if you live in a high-risk zone, consider adding coverage. 

Also, if you own high-end jewellery or other valuables, consider upping the limits of your contents insurance. 

Getting cheap home insurance starts with safety, security, and a well-maintained home. If you can avoid claims, you'll always save. If you install a monitored alarm system, you can save 5% off your premium. Bundling your home insurance with your Montreal car insurance can save you up to 25% off your monthly cost. Speak with your provider about increasing your deductibles, ask them about possible discounts, and, finally, if you can afford, pay your premiums annually. The savings can really add up.

We often hear names like Intact (Belair direct), Aviva, or SGI, but finding the best home insurance company for you doesn't mean choosing the most popular. Each home insurance company will look at your unique housing situation and put a price tag on it – some charge more than others, and it fluctuates all the time. So, you can ask friends and family for referrals, or visit the closest agency, but we like to think comparing insurance quotes online in minutes is easier, and guaranteed to find you the best rate among Canada's top providers. 

In all of the different coverages, there are some things that are excluded from policies. It's most often due to wear and tear that gets worse due to negligence. For instance, mould is seen as a lack of maintenance from a homeowner. If a home insurance claim could have been avoided with regular maintenance, you can expect it to not be covered.

Other common exclusions include infestations from termites or rats, home businesses, dangerous dogs, and sewer backups.

Water is a tricky peril and for some instances, it's included in your coverage, while for other scenarios it's not. Learn more about flood insurance to understand your risks. 

Yes, if you’re unhappy with your rate or customer service, feel free to move on. However, before you do, it’s important to shop around for home insurance quotes, select your new provider, inform your old provider and ensure there are no coverage gaps while you transfer.

Unlike car insurance, where age and gender can play a role in determining your rate, home insurance only cares about the home itself. You can get married, share the home with your new spouse, and even add children if you want to and it won’t affect the rate you pay.

A home insurance peril is an unknown or accidental event. For instance, if your home is struck and damaged by lightning, creating a hole in your roof, there is no way you could have prevented it. But a home insurance policy is not a maintenance plan so if your roof has slowly degraded over time and now needs replacing, it is not a peril since its eventual replacement is expected.

Make a complete list of damaged or stolen items. Call your insurance provider as soon as you can and ask about what you’re entitled to, especially if you can’t currently live in your home as you may be entitled to hotel and food expenses. A claims adjuster will be in contact with you to fill out a proof of loss form. Ask about using your own contractor or if you’re required to use one they supply to repair the property.

A deductible is the portion of the claim you’re responsible for paying before the insurance company will pay the rest. A higher deductible, meaning you'll pay more than standard in the event of a claim, will result in lower premiums. 

Depending on when you cancel, there should be no charges to switch at the end of your contract. If you’re switching mid-term, you may incur some cancellation and administrative fees. If you’ve paid your premium annually, you may be entitled to a refund.