Home Insurance Scarborough: Rates, Quotes, Consumer Tips


Panorama-Scarborough

Home Insurance Scarborough: Intro

Welcome to your Home Insurance Guide for Scarborough. 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 Scarborough.

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 Scarborough. 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.

One of the larger topics in the past years become flooding and storms that strongly impacted Ontario particularly in 2013. Unfortunately the most insurers in Canada still do not cover overland flooding and thus we suggest to check with your insurer if these cases are typically covered.

Get a free quote

How Can You Save on Home Insurance in Scarborough?

  • Change your content coverage: Do you rent an apartment or condo? You can often lower your content coverage. No need to insure your belongings to up to $250,000 if you only have a laptop and some IKEA furniture!
  • Monitoring: Is there other security like a doorman or security guard on the premises? This may mean an additional discount.
  • Hydrants and fire-station: Ask if your proximity to a hydrant or fire station will save you money.
  • Professional Memberships: Are you a member of a professional organization such as Certified Management Accountants of Canada? Some companies offer discounts to professional members, and some organizations offer their members insurance policies. (e.g. Meloche Monnex Insurance)
  • Students: Some carriers provide discounts for students. (e.g.State Farm)
  • Alumni: Graduates from some Canadian universities, such as University of Scarborough, McGill University and NAIT, may qualify for a discount through select providers. (e.g. TD Insurance)
  • Dependent students: Dependent students living in their own apartment can be covered by their parents’ home insurance policy at no additional charge. Check with your insurer for this benefit. (e.g. Desjardins Insurance)
  • Stop smoking: Some insurers increase their premiums for the homes with smokers since this means an increased risk of fire
  • Direct insurers: Have you always dealt with insurance brokers or agents? Getting a policy from a direct insurer, also called a captive agent, may save you money. A captured agent only sells products from one company. (e.g. Belairdirect)
  • 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.
  • Interested in more saving tips for Home Insurance in Scarborough? 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

HST Rebate on New Homes: 4 Things You Must Know

HST Rebate on New Homes: 4 Things You Must Know

For many condo seekers who are making the move to buy pre-construction, understanding how the HST rebate works is anything but straightforward. Questions around who’s really entitled to the rebate, how it’s calculated and “am I susceptible to having to pay it back” are often high up new homebuy[...]
Freehold Townhouse vs Condo – Key Differences to Know

Freehold Townhouse vs Condo – Key Differences to Know

On the real estate hunt? Unless you have a million dollars and massive down payment to spare, chances are detached houses are out of reach. It’s a reality facing many buyers, as prices have quickly outpaced income in Canada’s hottest housing markets. Consider this: The average detached house pri[...]
Toronto Condo Prices at Major Intersections

Toronto Condo Prices at Major Intersections

For Torontonians who find the hustle and bustle of the city energizing and equate quaint suburban life to a bore, snatching up a spacious house and yard in the burbs likely isn’t high up on the agenda. A condo apartment conveniently located steps to transit, work and vibrant downtown shopping - now [...]
111 Insurance Myths – Everything You Must Know

111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional [...]
When Buying a Condo on a Higher Floor is a Good Idea?

When Buying a Condo on a Higher Floor is a Good Idea?

One of the questions asked a lot by buyers looking at investment condos for sale in Toronto – typically pre-construction condos – is whether or not they should pay more to buy a unit on a higher floor since many end customers really enjoy great views from higher floors. That’s why our friends[...]
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