While a broad average won’t accurately reflect what home insurance will cost you, it is a good place to start when budgeting. Individual rates vary based on several factors.
To update this article, our editorial team reviewed MyChoice home quote data, the federal home-insurance guide, Insurance Bureau of Canada’s rate-factor guide, and IBC’s home-coverage guide.
What MyChoice Home Quote Data Shows in 2026
Since the beginning of 2026, we’ve been analyzing thousands of home insurance quotes collected through MyChoice. Here’s what we found:
| Ontario location | Annual premium | Compared with $2,250 |
|---|---|---|
| Aurora | $1,742 | 22.6% lower |
| Ottawa | $2,016 | 10.4% lower |
| Brampton | $2,046 | 9.1% lower |
| Toronto | $2,247 | About the same |
| Windsor | $2,672 | 18.8% higher |
| Sudbury | $2,990 | 32.9% higher |
In Ontario, the average home insurance rate is $2,250 per year before taxes or $187.50 per month. This is for an owner-occupied home between 2,000 and 2,499 square feet, at least 40 years old, with a roof that’s 11 to 20 years old, a basic electrical system, copper plumbing, comprehensive coverage with the maximum water protection, and no claims.
This number won’t apply to everyone. Check your own quotes and compare them with this average, making sure you compare similar homes and coverage, including deductibles and settlement terms.
Read More: See Current Home Insurance Information for Ontario
What Factors Affect Your Home Insurance Premiums in Ontario?
| Factor | What an insurer may examine | What to compare between quotes |
|---|---|---|
| Reconstruction cost | Labour availability and accessibility; market prices of materials; home size; number of storeys; type of construction; quality of finishes | Building limits, guaranteed or extended replacement, and inflation protection |
| Systems and maintenance | Roof; electrical service and wiring; plumbing; heating; wood-burning stoves and fireplaces; updates and renovations | Home insurance exclusions; inspection requirements; proof that certain work is complete |
| Location | Loss history in your neighbourhood; weather exposure; fire protection; proximity to a fire hydrant or station | Postal code; water-coverage choices; coverage limits; deductible |
| Use and features | Renting out part of your home; operating a home business; whether the home is vacant; swimming pools and outbuildings | Type of occupancy shown in the application and related endorsements |
| Claims and policy choices | Previous losses; coverage level; additional options; deductible | Compare premiums with the same coverage limits, settlement terms and endorsements, but different deductibles |
Reconstruction cost is the estimated cost to rebuild your home after a covered total loss. This is not your home’s market value, what you paid for the home or the assessment from the municipality. Rebuilding costs don’t include land and tend to be higher than people think because of building codes, material and labour costs, debris removal, and other factors.
Read More: Learn How Home Value Relates to Home Insurance Cost
Why Is the Average Home Insurance Cost in Ontario Going Up?
If your Ontario property insurance premium is going up at renewal, get a copy of your new declaration page and lay it side by side with your current one.
Insurers may have changed their assessment of risks tied to bad weather, regional losses, rebuilding costs, or your home’s characteristics. Your dwelling limit may be indexed to rebuild costs automatically, so it can increase and raise your rates, even if market values in your area have gone down.
Review the increase carefully, making sure to separate changes to coverage, limits, deductibles, discounts, and other factors, or updates about your home, from rate increases. Then you can call your insurance company or broker and ask informed questions.
How Can I Reduce My Average House Insurance Cost in Ontario?
- Compare quotes, but make sure they offer the same type of coverage. A lower premium is not a saving if it excludes water-damage coverage, settles losses at depreciated value rather than replacement cost, or provides lower liability limits.
- Ask for quotes for different deductible options. Choose a higher deductible only if you can easily afford that amount in the event of a claim.
- Ask about discounts. Common discounts may be offered for combining policies, security systems, certain payment arrangements and a claims-free history. Ask what conditions you must maintain to keep the discount.
- Provide all information about your home. Have receipts or other documentation handy if you’ve upgraded your roof, electrical system, plumbing or heating. Don’t undertake major home improvements just to qualify for a discount unless you’ve spoken with your insurer beforehand.
- Inform your insurer of changes. Examples could include renovations or upgrades, renting, leaving your home empty for an extended period or starting a home-based business. Larger improvements may need additional coverage such as course-of-construction insurance.
Read More: Read the Guide to Choosing a Home Insurance Deductible
How a Home Claim Is Settled
How much your insurer will pay on your claim depends on what’s covered, deductibles and limits, valuation terms in your policy, proof of loss, repair progress, a lender’s interest, and other policy provisions.
If your contractor’s scope and price differ from the insurer’s estimate, ask the insurer and contractor to identify which prices, quantities, or materials are in dispute before work begins. Also, some replacement-cost coverage requires you to rebuild at the same location or complete repairs by a certain date. Read the guidelines on your claim carefully and get insurer approval before authorizing repairs to avoid surprises.
Read More: See How Replacement Cost Differs From Actual Cash Value