Home Insurance GTA: Rates, Quotes, Consumer Tips

Home Insurance GTA: Intro

Welcome to your Home Insurance Guide for GTA. This page will give you an idea of Home Insurance Premiums in Ontario, will inform about savings opportunities and also provide number of other useful tips for choosing Home Insurance protection in GTA.

Get a free quote

What Are Typical Home Insurance Premiums In Ontario?


This chart illustrates the average Renters and Homeowners Insurance premiums in Ontario and other provinces including Home Insurance in GTA. Renters insurance rates are typically lower than home owners premiums due to the nature of insurance: Renters insurance typically covers only the content of your rented property and sometimes liability. It does not cover the building itself since it is covered under the insurance property of the homeowner.

Overall consumers spend in Ontario less on Home Insurance than in Alberta and British Columbia. That is the case due to more stable natural conditions e.g. lack of strong seismic activity like British Columbia or flooding similar to Calgary. Nevertheless the recent years demonstrated that nature can be also unfriendly in Ontario including flooding and ice storm that strongly impacted among others the whole Greater Toronto Area and nearby cites and towns. These were very significant natural occurrences that impacted people’s homes and, as consequence, home insurance.

Important note about flooding risk – typically overland flooding (e.g. due to strong rains or raised water level in rivers) is not covered by home insurance. Thus emergency government program(s) would be the only way to somewhat compensate financial impact of the flooding. flooding can be caused not only through a strong rain and storm but also through melting snow.

Get a free quote

How Can You Save on Home Insurance in GTA?

  • Welcome discount: Switching providers? There may be a welcome discount. Don’t be afraid to ask about it. (e.g. Grey Power Insurance)
  • Renovations: Renovating your house can result in lower home insurance premiums, as home insurance premiums for older, poorly maintained homes are usually higher. Also, updating only parts of your house, such as the basement or kitchen, may lead to savings on your insurance.
  • Hydrants and fire-station: Ask if your proximity to a hydrant or fire station will save you money.
  • Credit score: Your good credit can score you a lower premium. This is because most companies use your credit score when calculating home insurance premiums.
  • Mortgage-free home: When you pay off your home, some insurers will reward you with lower premiums (e.g. RBC Insurance, Cooperators)
  • Bicycle: Insuring your bike for theft? Your home insurance might be covering it already. Check your policy.
  • Stability of residence: Lived in the same residence for years? You may be eligible for a stability discount. A few insurers offers one. (e.g. Grey Power Insurance)
  • Look around and do your research: There are many insurance providers and their prices for the same policies can be very different. Take advantage of online tools and talk to several brokers, since each will cover a select number of insurance companies.
  • Claims-free discount: You can get rewarded for being claim free. Terms and conditions vary and not all insurers offer this discount, so ask around if you have been claim free for a long time.
  • Interested in more saving tips for Home Insurance in GTA? Get an insurance quote below and connect with an experienced insurance professional to get more tips

Get a free quote

Our Publications related to Home Insurance

Ten Tips for Selling Your Home in January

Ten Tips for Selling Your Home in January

Is a new job or another factor making you fret about the need to sell your home in January? Save your emotional energy for a good marketing plan, a good sales agent and your unleashing of optimism. Real estate sources note that nowadays fewer bad times to sell exist in major city markets. While ackn[...]
Average Edmonton Homeowners Insurance Rate is $67/Month

Average Edmonton Homeowners Insurance Rate is $67/Month

Average Edmonton Homeowners Insurance Rate is $67 per month Are you looking for home insurance information that pertains specifically to Edmonton? This can sometimes be tricky to find. Most of the data out there is reported at the provincial level, and that isn’t helpful when you are looking for so[...]
Home Sales in Late Fall 2017 - Cause for Optimism

Home Sales in Late Fall 2017 - Cause for Optimism

Sales in half of all local Canadian markets saw an uptick last month, according to the latest report from the Canadian Real Estate Association (CREA). It’s an optimistic sign of short-term recovery following several months of slower sales, as the market reacts to a number of new regulations designed[...]
Infographic: Real Estate Market in Toronto and Canada – Fall 2017

Infographic: Real Estate Market in Toronto and Canada – Fall 2017

It looks like Canadian real estate is in for a slower-than-usual autumn. The typical back-to-school September buying rush was notably subdued this year, reveals the latest national market analysis from the Canadian Real Estate Association (CREA). According to September’s data, home sales have plu[...]
Home Insurance Claims in Canada: 2017 Study & Tips for You

Home Insurance Claims in Canada: 2017 Study & Tips for You

The real value of insurance is not just determined by insurance rates. The ability of the company to cover insurance claims, and the ease of the process when the policyholder makes a claim, are also very important. This is vitally important for home insurance in particular because a home is one o[...]
magnifier  Home Insurance by Province
Home Insurance in AlbertaHome Insurance in British ColumbiaHome Insurance in Manitoba
Home Insurance in OntarioHome Insurance in Saskatchewan
magnifier  Home Insurance by Location
Home Insurance in Ajax
Home Insurance in Kitchener
Home Insurance in Richmond Hill
Home Insurance in Barrie
Home Insurance in Lethbridge
Home Insurance in Richmond
Home Insurance in Brampton
Home Insurance in London
Home Insurance in Sarnia
Home Insurance in Brantford
Home Insurance in Maple Ridge
Home Insurance in Saskatoon
Home Insurance in Burlington
Home Insurance in Markham
Home Insurance in Scarborough
Home Insurance in Burnaby
Home Insurance in Medicine Hat
Home Insurance in St. Catharines
Home Insurance in Calgary
Home Insurance in Mississauga
Home Insurance in Sudbury
Home Insurance in Cambridge
Home Insurance in Nanaimo
Home Insurance in Surrey
Home Insurance in Coquitlam
Home Insurance in Newmarket
Home Insurance in Thunder Bay
Home Insurance in Edmonton
Home Insurance in Oakville
Home Insurance in Toronto
Home Insurance in EtobicokeHome Insurance in Oshawa
Home Insurance in Vancouver
Home Insurance in GTA
Home Insurance in Ottawa
Home Insurance in Vaughan
Home Insurance in Guelph
Home Insurance in Peterborough
Home Insurance in Victoria
Home Insurance in Hamilton
Home Insurance in Pickering
Home Insurance in Waterloo
Home Insurance in Kamloops
Home Insurance in Prince George
Home Insurance in Windsor
Home Insurance in Kelowna
Home Insurance in Red Deer
Home Insurance in Winnipeg
Home Insurance in Kingston
Home Insurance in Regina