Home Insurance Manitoba: Rates, Quotes, Consumer Tips


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Home Insurance Manitoba: Intro

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

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What Are Typical Home Insurance Premiums In Manitoba?


The chart above illustrates the average Renters and Homeowners Insurance premiums across several Canadian provinces. 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 less in Manitoba on Home Insurance than in number of other provinces because of a few reasons:

– No Earthquakes: Unlike British Columbia or Quebec, Manitoba is not know for its seismic hazards and that reduces insurance risks resulting in lower premiums.

– No history of Flooding: In 2013 both Alberta and Ontario were hit by severe floodings. Manitoba is not known for extensive flooding and that adds some confidence to insurers resulting in lower rates.

Nevertheless ultra-continental climate brings other natural challenges: very cold winters and tornadoes in the Southern Manitoba.

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How Can You Save on Home Insurance in Manitoba?

  • Neighbourhood: For your personal safety and possible lower premiums, live in a low-crime, safe neighbourhood.
  • Heating: Insurers like forced-air gas furnaces or electric heat installations. If you have an oil-heated home, you could be paying more for insurance.  Keep this in mind when you are house hunting.
  • Wiring: Not all wiring is created equal. Make sure you have approved wiring and be sure to avoid aluminum wiring, which can be very expensive to insure. Not all insurers will cover houses with aluminum wiring, and those that do usually require a full electrical inspection of the house.
  • Retirees: Retirees can often get an additional discount since they are on the premises more often than someone that works away from home for most of the day.
  • Annual vs. monthly payments: Annual payments save insurers administrative costs such as time, postage and billing.  Therefore, you are rewarded with lower premiums.
  • Bundle: Most companies offer a discount if you bundle polices, such as home and auto.
  • Earthquake insurance coverage: Don’t let earthquake insurance shake you up unless you actually live in an earthquake-prone zone.  Dropping earthquake protection can save you money; for example, in BC earthquake coverage can account for as much as one-third of a policy’s premium but do you really need it in Manitoba?
  • 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.
  • Wood stoves: Wood stoves increase your risk and could subject you to higher premiums and an inspection.
  • Interested in more saving tips for Home Insurance in Alberta? Get an insurance quote below and connect with an experienced insurance professional to get more tips

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Several Manitoba-Specific Home Insurance Tips

  • Earthquakes: Manitoba is not known for its strong earthquakes like e.g. British Columbia. You might want consider not taking earthquake protection saving a bit on insurance costs.
  • Flooding: So far, the most insurers do not cover overland flooding in Canada but you can check if your insurer would do that. Overall Manitoba is not really endangered by extensive floodings but still keep eyes open. For example, fast melting of large snow masses can lead to overland flooding as well.
  • Cold temperatures: Maitoba’s winters though can be quite cold – make sure that your pipes are well isolated. Make sure outdoor pipes and hoses are dry and do not offer any opportunities for ice building.
  • Tornadoes: This danger persist in teh southern part of Manitoba due to its ultra-continental climate. Make sure that you are covered in case of damages caused by Tornadoes.
  • Sewage backup: That option is often not covered in many policies but rather offered as an optional coverage (also called insurance rider). Consider adding it to your policy to stay insured against any plumbing-related accidents

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