Compare tenant insurance quotes

Personalized renters insurance quotes from Canada's top providers

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How to get a tenant insurance quote on


Start a quote

Launch into our personalized quoting journey with just a click. Simply select the type of home insurance you require and click ‘start my quote’ to begin!


Identify your property

We just need the basic property details to get you started. This is where you will identify which property you want to insure.


Tell us a little about yourself

Here’s where we get to know each other better. We have pulled together a few questions designed to help us craft a personalized quote just for you.


Review the contents & location details

At this stage of the journey is where you will take a second to review the finer details of the your contents and the apartment. Here is where you will truly personalize your tenant insurance policy.


Select the best quote for you

Almost there! Take a few minutes to review your personalized quote estimates before selecting the best rate from one of Canada’s best tenant insurance companies

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How much is renters insurance?

Of course, you want the cheapest tenant insurance you can find. The good news is that renters insurance is affordable. The average cost of renters insurance is roughly $20-30 per month. However, the cost will vary.

When determining your premiums, tenant insurance providers will look at the following factors:

What is tenant insurance?

If you’re looking for renters insurance for your apartment or condo, you can purchase tenant insurance to protect your contents (like your TV, laptop, couch, or bed) if they’re stolen or damaged. It also covers you in case a guest should injure themselves in your space and decide to take legal action against you. It also protects renters if they’re responsible for damage to their apartment.

Whether you’re looking for tenant insurance in Ontario, or anywhere else in Canada, we’re here to help you choose better. You can get a customized tenant insurance quote online, in a few minutes from the comfort of your couch. You'll also be able to compare renters insurance rates from multiple providers to see instantly which one offers you the cheapest tenants insurance.

How tenants insurance coverage works

As a renter, the first thing you’ll want to figure out is if you’re already covered by an existing insurance policy. If you’re a student at university, your parents’ property insurance may also cover your apartment away at school. It’s good to look into this before buying insurance that you may not actually need.

Second, as a renter, it’s good to know how much coverage is standard insurance. The typical liability coverage is $1 million, whereas $25,000 is normal for contents insurance. Within this $25,000, there may be limits for specific kinds of items (e.g., up to $3,000 for jewellery). As with all kinds of insurance, raising or lowering your coverage will result in your premiums going up or down.

Third, renters will want to know how much tenant insurance costs. Premiums generally cost between $15 and $25 per month, or $180 to $300 a year. How much you’ll end up paying depends on the size of the property you’re renting and the amount of your coverage and deductible.

You’ll want to determine the amount of coverage you need. In addition, it’s important to decide whether you are looking for a cash value or replacement value policy. A cash value policy takes into account depreciation, meaning that you won’t get back what you paid for an item if you have to make a claim. In contrast, a replacement value policy will allow you to purchase the lost or stolen item at its current retail price.

To make a claim, you’ll need proof of your policy as well as documents that show the items you lost and how much you paid for them. The last thing you want is to have this necessary documentation destroyed in a fire or flood so make sure you store them in a safe place somewhere else.

A summary of what tenant insurance covers:

Type of Coverage Coverage Description

Contents protects everything in your home from furniture and electronics. It also protects those contents while you travel - be it in a car or another country.

Coverage amount: Based on your own belongings and your choice of ACV or replacement

Living Expenses

If you are affected by an insured loss like a flooding or fire, living expenses will pay for your accommodation, and related expenses, elsewhere

Coverage amount: Depends on your policy, but can be increased to suit your needs


Coverage to protect you if someone injures themselves in your unit, or you damage an adjoining unit.

Coverage amount: $1,000,000 but can be increased to suit your needs

Common Coverage Additions & Endorsements
Overland Water

This is fresh water from rivers or lakes that, after a heavy rainfall, accumulate too much to hold and floods out onto land. Consider adding this endorsement if you live close to a large body of water.

Coverage amount: Up to $50,000

Included: No, must be added

Sewer Backup

This is when sewage from the main city drains overflow due to heavy rainfall and back up into your basement. You can avoid this by installing a backflow preventer on the main drain from your house. If you don't have one, consider adding this endorsement to your home coverage.

Coverage amount: Up to $50,000

Included: No, must be added

Identity Theft

Provides you with coverage in the event that a third party steals personal information (e.g. driver’s licence, passport, credit cards, SIN) and uses it to commit a crime (i.e. empty accounts, apply for false loans or credit cards, obtain passports, receive government benefits).

Coverage amount: Varies by provider (e.g. $40,000 to restore identity & $5,000 for incurred financial losses)

Included: No, must be added

Tips on how to get cheap tenants insurance

Shop around and compare

At, we take the work out of monotonous phone calls and visits to many different brokerages repeating the same information over and over. By entering your information, we can give you several quotes from Canada’s best renters insurance providers in minutes.

Bundle policies

Insurers will often give a discount to consumers who get both their tenants and auto insurance from them. If you can, look to have both your apartment and car protected by the same insurer.

Monitored alarm systems

If your landlord has a monitored alarm system installed, or if you install one yourself - one that is connected to a central station, you could receive a discount. Know that this does not include your own cameras and motion sensor lighting, but some insurers are opening up to the idea with smart homes on the rise.

Increase your deductible

A standard apartment insurance deductible is $500. However, if you double the deductible (the amount of money you pay, before the insurance pays the rest), you could see a decrease in the premium you pay.

Pay annually

Paying annually, as opposed to monthly, reduces administrative costs to your insurer and ensures your loyalty. Your insurer may reward you with a cheaper renters insurance rate.

Suggest a credit check

There is no need for a credit check, but if you request one be done, and the insurance provider views your good credit as a positive sign, it could mean a reduction in your tenants insurance premiums.

Review your coverage

Do not overinsure yourself. Only get insurance for the products you own and their cost. Do not insure your TV for $1,000, if its value is only $500. Document your contents properly and review those contents with an annual audit of your belongings.

Think twice before submitting a claim

A clean claims history looks good to insurers. If you submit a claim, make sure it is worth it. Never submit a claim for less than your deductible. A submitted claim should be reserved for times of significant financial distress.

Frequently asked questions about tenants insurance

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