Rates change based on factors like the specific address, building type, amount of coverage, etc. So treat the figures in our guide as estimates to help with budgeting, not as quotes. When comparing quotes, make sure the policies have the same coverage and limits.
This guide presents the MyChoice city-rate medians and monthly equivalents alongside the federal tenant-insurance guide and the Insurance Bureau of Canada’s explanation of property rating factors.
How Much Is Renters Insurance in Ontario in 2026?
Our analysis of thousands of tenant insurance quotes collected using MyChoice since the beginning of 2026 found that the median Ontario renter premium was $433.08/year ($36.09/month). This number is a reference point for renters and assumes $40,000 in contents coverage, a $1,000 deductible and no reported claims.
The middle half of premiums fell between $369.36 and $514.08 per year. Figures shown by city are the median. They aren’t a weighted average for the province and shouldn’t be taken as an exact quote. Your quote will vary based on the building type, exact address, liability coverage, water options, previous claims, bundling, and insurer-specific factors.
The Cost of Tenant Insurance Across Ontario Cities
Use the annual and monthly figures below as a guide when planning your budget.
| City | Median annual premium | Monthly equivalent |
|---|---|---|
| Toronto | $405.00 | $33.75 |
| Brampton | $465.48 | $38.79 |
| Mississauga | $442.80 | $36.90 |
| Hamilton | $428.76 | $35.73 |
| Kitchener | $410.40 | $34.20 |
| Ottawa | $369.36 | $30.78 |
| London | $376.38 | $31.37 |
| Markham | $461.16 | $38.43 |
| Windsor | $421.20 | $35.10 |
| Cambridge | $416.34 | $34.70 |
| Barrie | $369.36 | $30.78 |
| Sudbury | $369.36 | $30.78 |
Read More: Compare Tenant Insurance in Ontario
Why Your Quote May Be Different
| Factor | Comparison question |
|---|---|
| Postal code and building | Same address and type of dwelling? Similar construction, age, plumbing, electrical system and loss exposure? |
| Contents | Are personal-property limits and special limits for jewellery, bicycles, electronics or collections equal? |
| Liability | Do both quotes offer the same liability limit and cover the same household members? |
| Additional living expenses | How much temporary-accommodation coverage is included, and for which insured losses? |
| Water and other options | Do the choices offer the same sewer-backup, overland-water and other endorsement coverage? |
| Deductible | Is the deductible the same? |
| Insurance and claims history | Are prior coverage, lapse and claim details entered the same way? |
| Discounts and payment | Is either price eligible for a discount for paying annually, bundling with auto or having an approved alarm? |
Read More: See How Renters Insurance Works With Roommates
What Tenant Insurance Usually Protects
Tenant insurance may cover your belongings, legal liability and additional living expenses resulting from an insured loss. Your landlord’s property coverage doesn’t provide this coverage. Be sure to ask about limits, exclusions and the deductible. You can add some risks, such as certain kinds of water damage, by purchasing an endorsement.