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Home insurance costs probably represent a considerable part of your insurance budget. It is also an insurance type that you do not want to forget – nobody wants to live without a roof over his/her head. It is not easy, though, to understand if you are overpaying for your current home insurance. That’s why we compiled an overview of average home insurance cost that allows you to understand how your home insurance rates stack up to those who have similar homes in the same province in ON, QC, AB, and BC. In order to do that we analyzed thousands of data points about home insurance rates, which are available through our insurance rate benchmark tool for Canadians.

Two numbers will show you the low-end and high-end home insurance costs for your living situation. A white bar indicates an average home insurance rate. Please consider that these are approximate numbers but they should provide a good baseline to see if you overpay for your insurance. If you do, we suggest you get a home insurance quote here and see how much you can start saving today.

Average Home Insurance Cost in Ontario

If you are interested in home insurance costs in Ontario, here are all monthly costs summarized.

average home insurance cost in ontario

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If you rent in Ontario, you’d pay on average $21/month in tenant insurance costs. If you have the cheapest home (valued under $100K – though that is not easy to find any more), your average home insurance costs start at $45/month. More expensive homes valued at $300K-$700K and $700K-$1.5M would come with a home insurance tag of $77 and $117 per month respectively.

 
Rent
               Owned
       Your home value...
All
<$100k
$100-300k
$300-700k
$700k-1.5M
$1.5M-5M
Max
$ 34
$ 101
$ 134
$ 143
$ 240
$ 500
Avg
$ 21
$ 45
$ 72
$ 77
$ 117
$ 174
Min
$ 13
$ 20
$ 27
$ 32
$ 51
$ 50

Condo insurance is a special type of home insurance and you can find out more about insurance for a condo and condo insurance Toronto including condo insurance rates.

Average Home Insurance Cost in Alberta

Should you be interested in home insurance costs in Alberta, below you will find all key numbers.

average home insurance cost in alberta

Those who rent have to consider insurance rates of $25 on average, which is $4 more expensive than in Ontario. If you own a home, then your cost will be starting at $23/month for the cheapest homes/condos and increase as much as $80/month and $157/month for $300-$700K and $700K-$1.5M dwellings respectively.

 
Rent
               Owned
       Your home value...
All
<$100k
$100-300k
$300-700k
$700k-1.5M
$1.5M-5M
Max
$ 40
$ 33
$ 158
$ 138
$ 325
$ 282
Avg
$ 25
$ 23
$ 76
$ 80
$ 157
$ 167
Min
$ 15
$ 13
$ 19
$ 38
$ 55
$ 57

If you are interested in condo insurance, you can find out more about condo insurance Calgary and condo insurance Edmonton including average insurance rates.

Average Home Insurance Cost in British Columbia

An overview below provides a detailed breakdown of home insurance cost in British Columbia for different types of living arrangements.

average home insurance cost in british columbia

You are likely to pay somewhere between $16 and $40 per month in tenant insurance costs if you rent in British Columbia, and $43 to $155 in homeowners insurance if you own a home.

 
Rent
               Owned
       Your home value...
All
<$100k
$100-300k
$300-700k
$700k-1.5M
$1.5M-5M
Max
$ 40
$ 68
$ 89
$ 153
$ 244
$ 208
Avg
$ 26
$ 43
$ 51
$ 87
$ 130
$ 155
Min
$ 16
$ 21
$ 22
$ 34
$ 46
$ 100

If you are interested in more BC-related insights, find out more about home insurance in Vancouver, home insurance in Victoria and home insurance in Burnaby.

Average Home Insurance Cost in Quebec

An overview below provides a detailed breakdown of home insurance costs in Quebec for different types of living arrangements.

average home insurance cost in quebec

You are likely to pay somewhere between $16 and $68 per month in tenant insurance costs if you rent in Quebec and $50 to $191 in homeowners insurance if you own a home.

 
Rent
               Owned
       Your home value...
All
<$100k
$100-300k
$300-700k
$700k-1.5M
$1.5M-5M
Max
$ 68
$ 110
$ 115
$ 128
$ 188
$ 500
Avg
$ 33
$ 50
$ 66
$ 79
$ 96
$ 191
Min
$ 16
$ 16
$ 30
$ 43
$ 35
$ 47
[home_insurance_square_widget]So what was your result? How much do you pay for your home insurance? Share it with us as a comment. If you feel that you overpay, give us a chance to offer you a home insurance quote and help you to start saving today (see the quoting form on the right).

Our insurance partner, Square One Insurance is exclusively focused on home insurance and offers insurance policies where you can choose yourself what protection you need without overpaying for coverage you do not require.