Compare the best home insurance quotes in Ontario
In under five minutes, compare Ontario home insurance quotes from the province's top providers – find the cheapest rate with us today.
Recent Ontario home insurance quotes from Ratehub.ca
Shopping for home insurance in Ontario is easy with Ratehub.ca – thousands of users visit us each week, looking for the best coverage options on the market. By taking just a few minutes out of your day to provide us with some details, you can compare personalized home insurance quotes from Ontario's top providers. For reference, here are a few sample rates our users received in June 2026.
- $98/month
1,898 square-foot detached home in Windsor
under Economical Insurance
- $111/month
3,180 square-foot townhouse in Ottawa
under Wawanesa Insurance
- $113/month
780 square-foot detached home in Toronto
under SGI Canada Insurance
- $126/month
1,420 square-foot townhouse in Vaughan
under MAX Insurance
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How does home insurance in Ontario work?
Home insurance isn't required by law in Ontario or the rest of Canada. While it's highly recommended that you carry some form of coverage to protect such a 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 many lenders will require you to carry home insurance as part of the lending agreement as a safeguard for their investment.
A home insurance policy doesn't just pay for the repair and replacement of your property in the event of physical damage caused by an insured peril such as fire or lightning. It can also cover all the personal belongings within it and act as a financial safeguard against liability claims. However, remember that home insurance isn’t a maintenance plan. Standard policies typically won’t cover damage that could have been prevented with regular home maintenance. To learn more about all things home insurance in Ontario, be sure to read on.
The inflation of home insurance in Ontario
As the cost of living continues to rise, home insurance is among the many expenses straining household budgets. Below is a table showing Ontario's increase in personal property insurance premiums over time – all numbers were sourced from the Applied Rating Index.
Inflation Table
What are the types of Ontario home insurance policies?
Different home insurance companies offer different types of policies. Here, we cover three common options for property owners in Ontario: basic, broad, and comprehensive home insurance. Most policyholders will go for the comprehensive choice as it provides the best range of coverage.
| Policy Type | Description |
| Basic home insurance | This only covers your home and your contents against loss and damage from the specific risks listed in your policy (e.g. theft, fire). |
| Broad home insurance | This covers your home against loss and damage from all standard risks. However, your contents are only covered against loss and damage from risks listed in your policy. |
| Comprehensive home insurance | This covers your home and your contents against all risks of loss and damage unless otherwise specified in your policy – it's the highest form of protection you can buy. |
What is high-risk home insurance in Ontario?
If you have a history of filing multiple claims or missing payments, you can end up in a high-risk category for home insurance. Additionally, if you have multiple mortgages, own a century-old home, or require coverage for vacant or unoccupied homes, you might require high-risk coverage. We work with specialized high-risk home insurance companies, including Perth, Coachman, and Echelon Insurance, to help Canadians find the coverage they need.
What are standard home insurance coverages in Ontario?
While the specific home insurance policy you choose will determine the risks you're insured against (e.g. fire, theft), most plans in Ontario will come with the following standard coverages.
Dwelling coverage
Contents coverage
Liability coverage
Additional living expenses coverage
What are common home insurance add-ons in Ontario?
You also have the option to enhance the coverage on your Ontario home insurance policy further with add-ons. Keep in mind that these are just a few examples, and your options may differ depending on the insurance company you go with.
Home-based business insurance
If you run a business from home, you may want coverage against 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 a 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 Ontario with us today.
In just a few minutes, view personalized home insurance quotes from the province's top providers – your best rate is only a few steps away.
How much is home insurance in Ontario?
There is no one set cost for home insurance in Ontario. While insurers look at various factors to determine your quote, you can expect to pay anywhere between $1,000 and $2,500 for an annual policy. Home insurance premiums rose 4.2% in Ontario YoY in Q2 2026. To find an exact number for your coverage needs, be sure to compare personalized home insurance quotes with us today.
What is the average cost of Ontario home insurance by city?
Location plays a big role in your personalized home insurance quote. Here, we compare the average cost of home insurance in six popular Ontario cities based on our own user data.
- $210/month
Ottawa home insurance
- $268/month
Hamilton home insurance
- $244/month
Windsor home insurance
- $277/month
Vaughan home insurance
- $349/month
Brampton home insurance
- $249/month
Toronto home insurance
What are factors that impact your Ontario home insurance quote?
Home insurance companies in Ontario consider many factors to determine your personalized quote, including your property type, replacement costs, and location. Here are a few key factors 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 & accessory dwellings
Special use
Credit score
Insurance history
How to get the cheapest home insurance in Ontario
While insurance companies are the ones that quote you, there are still many steps you could be taking to ensure you're getting the best rate possible. Here, we cover eight different methods you can try to get cheap home insurance in Ontario.
Shop and compare
Different insurers have different methods of quoting their customers. So you won't know which one offers the best rate until you shop around with us.
Bundle policies
P&C insurers offer discounts to customers who bundle multiple policies under them. So if you have other coverage needs (e.g. auto insurance), consider bundling.
Stay loyal
Some insurance companies may offer discounts to long-term customers. But of course, don't let this deter you from switching to a cheaper provider.
Upgrade your property
While some property upgrades (e.g. remodelled kitchen) can increase your home insurance rate, others (e.g. roof replacement) can help lower it.
Improve your credit
The best rates go to those who opt in for a soft credit check (and also have a good credit score, of course). So improving your credit can lead to cheaper home insurance.
Install safety systems
Home insurance companies may also offer discounts if you have safety systems in place, such as a centrally monitored fire alarm, to help lower the risk of a claim.
Increase your deductible
A deductible is the set amount of money you're responsible for paying out before your insurer foots the rest. Higher deductibles lead to lower premiums.
Just ask
Simply asking for a discount can help you uncover savings – for instance, your insurer may offer group rates for certified professionals or special alumni.
Ready to secure cheap Ontario home insurance?
We're ready to help you – compare home insurance quotes from top Ontario providers with us today.