Home Insurance Nanaimo: Rates, Quotes, Consumer Tips

Home Insurance Nanaimo: Intro

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

Get a free quote

What Are Typical Home Insurance Premiums In British Columbia?

This chart illustrates the average Renters and Homeowners Insurance premiums in British Columbia and other provinces including Home Insurance in Nanaimo. 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 more on Home Insurance in British Columbia because of the several reasons:
Earthquake protection: Seismic activity of the region often results in additional coverage (insurance riders) against earthquakes that customers prefer to purchase to have a peace of mind. It is especially important along the coast.
High rebuilding costs: High share of more expensive real estate indirectly impacts home insurance premiums. Though home insurance is driven by rebuilding costs as opposed to market value of a property, British Columbia has a high share of premium, more expensive properties that are more expensive to rebuild. In addition to that construction of the buildings is sometimes more complicated than in other provinces since these should be build considering seismic hazards (e.g. special structure, lateral bracing requirements)

Get a free quote

How Can You Save on Home Insurance in Nanaimo?

  • Pipes: Insurers prefer copper or plastic plumbing. Consider upgrading your galvanized/lead pipes during your next renovation cycle.
  • Bundle: Most companies offer a discount if you bundle polices, such as home and auto.
  • Benchmark your costs: Use price comparison tools to know how much other companies are charging for similar policies, and check with your peer group to see if these comparisons are similar within your demographic.
  • Seniors: Many seniors can benefit from senior pricing.
  • Neighbourhood: For your personal safety and possible lower premiums, live in a low-crime, safe neighbourhood.
  • Decrease liability risk: Decrease your liability with a common-sense approach to hazards. Fence off your pool. Keep aggressive dogs on a leash. Shovel the snow and ice from your walkway.
  • 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.
  • Monitoring: Is there other security like a doorman or security guard on the premises? This may mean an additional discount.
  • Mortgage-free home: When you pay off your home, some insurers will reward you with lower premiums (e.g. RBC Insurance, Cooperators)
  • Interested in more saving tips for Home Insurance in Nanaimo? 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

How Much a Good Condo View is Worth Today?

How Much a Good Condo View is Worth Today?

A prospective buyer is always going to be focused on a condo unit’s view. Unlike a house, these units rarely have multiple windows to the outside in various directions. The exterior wall, which usually is either glass or contains a balcony, is likely the only point of contact with the natural world.[...]
Own your home? You could be eligible for these tax credits and rebates

Own your home? You could be eligible for these tax credits and rebates

It’s no secret that property prices in many urban areas of Canada are on fire. And it’s not limited to just the core of Toronto and Vancouver. Houses for sale in Hamilton, for example, have doubled in price in the last decade and houses in Mississauga are almost $750,000. It’s increasingly hard for [...]
How Competitive is it to Buy a Home in Toronto? INFOGRAPHIC

How Competitive is it to Buy a Home in Toronto? INFOGRAPHIC

Toronto real estate has been tumultuous in the last few years. At first, everything was going, up, up and up. Record low-interest rates made huge mortgages more attractive, and few new suburbs were developed thanks to the Greenbelt. Almost 90, 000 Newcomers were moving to Toronto each year, along wi[...]
Canadian Condo Review Platform CondoEssentials Launched

Canadian Condo Review Platform CondoEssentials Launched

InsurEye Inc has announced the launch of a new website: CondoEssentials. The new site is a condo review platform that has been designed to better inform Canadians about real estate, with a particular emphasis on condominiums. InsurEye has been informing consumers about details of auto, life and c[...]
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[...]
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