As a homeowner, you might be worried about shelling out money for repairs if something damages your home or belongings. Home insurance can alleviate those concerns and provide peace of mind by paying for repairs, potentially saving you a lot of money.
However, shopping for affordable home insurance in Aurora that fits your needs can be complicated. There are so many coverage options, insurance companies, and other factors that make choosing a policy hard. You need a good grasp of the town’s home insurance landscape to make the right decisions. Learn more about home insurance in Aurora, what influences your premiums, and what you can do to save money on insurance.
How Does Home Insurance Work In Aurora?
When you get a home insurance quote in Aurora with MyChoice, you’re receiving a comprehensive policy that goes beyond just the basics — including Guaranteed Replacement Cost, which ensures your home will be rebuilt to its original condition even if the cost exceeds your dwelling coverage limit.
Your quote is made up of two main pillars: Base Residence / Dwelling (covering your home, contents, liability, and standard perils) and Enhanced Water Protection (covering floods, sewer backup, and groundwater seepage). Together, they form a complete protection package for your property and belongings.
| Coverage Type | What’s Included? | Average Annual Home Insurance Premium |
|---|---|---|
| Base Residence / Dwelling | – Dwelling Coverage – Outbuildings (detached structures) – Contents – Personal Liability – Voluntary Medical Payments – Voluntary Property Damage – Basic Water Damage | $1,253 |
| Enhanced Water Protection | – Sewer Backup Endorsement – Ground Water Endorsement – Overland Water Endorsement – Broad Water Damage Endorsement | $249 |
| Coverage Total: | $1,502 |
*A comprehensive home insurance policy protects your property and belongings against all perils except those specifically excluded by the policy. This typically includes: fire and smoke damage, wind and hail damage, lightning strikes, burst pipes (depending on the situation), falling objects (like trees or branches), theft and burglaries, and vandalism.
Base Residence / Dwelling Coverages:
| Coverage Type | Coverage Details | Average Coverage Amount/Limit |
|---|---|---|
| Dwelling Coverage | Covers the cost to rebuild your home after insured damage. | $1,000,000 |
| Outbuildings (detached structures) | Covers the cost to rebuild the detached structures (i.e. garages, sheds, fences). | $150,000 |
| Contents | Protects your belongings from damage or loss due to covered perils. | $750,000 |
| Personal Liability | Legal & medical costs if someone sues you for injury/property damage. | $1,000,000 |
| Voluntary Medical Payments | Pays limited medical expenses if someone is accidentally injured on your property, regardless of fault | $4,500 |
| Voluntary Property Damage | Covers small amounts for accidental damage you cause to someone else’s property (or damage caused by a minor in your care | $1,500 |
| Basic Water Damage | Protects against sudden and accidental internal water damage (e.g., burst pipes or overflowing appliances | $1,000,000 |
*Please note that the average coverage limits in the tables above and below are based on the dwelling coverage of $1 million and can vary by house and carrier.
Enhanced Water Protection:
| Coverage Type | Coverage Details | Average Coverage Amount/Limit |
|---|---|---|
| Sewer Backup Endorsement | Pays for damage caused by sewage or septic systems backing up into the home. | $100,000 |
| Ground Water Endorsement | Adds protection against damage from ground‑water seepage, which is not covered by standard policies. | $250,000 |
| Overland Water Endorsement | Covers damage from freshwater entering your home from rivers, lakes or heavy rainfall. This is typically optional and recommended for homes in flood‑prone areas. | $250,000 |
| Broad Water Damage Endorsement | A catch‑all rider that may combine overland water, sewer‑backup and ground‑water coverage and may also include protection for seepage or ice‑damming (depending on the insurer) | $250,000 |
Home Insurance Price in Aurora by Dwelling Type
Below is the average home insurance price in Aurora, categorized by dwelling type:
| Type of Dwelling | Average Annual Home Insurance Premium |
|---|---|
| Detached | $1,502 |
| Semi-Detached | $1,382 |
| Freehold Townhouse | $1,292 |
Does Where You Live in Aurora Affect Your Home Insurance?
Where you live in Aurora might affect your home insurance because different areas have different risks. Home insurance companies examine many factors tied to your location when determining your rates, and here are some examples:
How Aurora Home Insurance Rates Compare to Nearby Cities
Aurora’s home insurance rates sit around the middle of the pack compared to neighbouring York Region communities — not the lowest, but certainly not the highest either.
| City | Average Annual Home Insurance Premium |
|---|---|
| Aurora | $1,502 |
| Newmarket | $1,329 |
| Richmond Hill | $1,756 |
| Vaughan | $1,318 |
| Markham | $1,456 |
| Thornhill | $1,413 |
How Aurora Home Insurance Rates Compare to Provincial Average
On average, home insurance in Aurora costs around $1,351 annually, which is higher than the Ontario average. Your home insurance rates may be lower and higher depending on the insurance company you choose. Various factors like your home’s age, condition, and size also influence your rates.
Your home’s location plays a part in the insurer’s rate calculation. You might get lower rates if you live in a neighbourhood with a low crime rate, easy access to emergency services, and better roads because you’re less likely to file an insurance claim. Conversely, you might see higher rates if your area is known for crime and natural disasters.
Common Home Insurance Discounts in Aurora
Certain insurers offer home insurance discounts that can significantly reduce your premium — sometimes by up to 20% when combined. Please note that these discounts depend on your property type, condition, the insurer and even external conditions like natural disasters or crime rates in your specific area. Talk to your broker or insurer to learn more about what discounts they offer in your area.
Here’s a look at the most common discounts you can get on home insurance in Aurora:
| Discount Type | Average Percentage Savings | Average Discount Value |
|---|---|---|
| Multi-Line (Home + Auto) | 11.4% | $171 |
| Claims-Free Discount | 16.5% | $248 |
| Alarm System (Burglar) | 7.5% | $113 |
| Alarm System (Fire) | 5.0% | $75 |
| Membership Discount (CAA) | 10.0% | $150 |
| Non-Smoker Discount | 7.5% | $113 |
What Risks Affect Aurora Homeowners?
Every city or town in Canada has unique risks that homeowners must be vigilant of, and Aurora is no exception. Here are common risks that you may encounter as an Aurora resident:
Probability of Significant Disasters in Aurora
On July 8, 2013, severe storms centred on Toronto and also reached Aurora, where heavy downpours and localized flooding caused significant infrastructure issues.
The following MyChoice probability scores for Aurora are based on historical data from the Canadian Disaster Database (CDD), which has tracked major disasters in Canada since 1950. These scores represent the relative likelihood that each type of significant event could occur at least once in Aurora over the next decade. The comparison is made against both other regions in Canada and other types of events, helping illustrate where the greatest risks to homeowners may lie.
According to the CDD, an event is classified as significant if it results in 10 or more deaths, 100 or more people affected (injured, evacuated, or left homeless), an appeal for national or international assistance, historical importance, or severe damage that prevents a community from recovering on its own.
Housing Data in Aurora
What does the housing landscape in Aurora look like? Here’s an overview from the 2021 Census of Population:
Homeownership Rate by Age in Aurora
Almost three in four people aged 25 to 39 in Aurora own a house, a high homeownership rate relative to other cities in Ontario. This data suggests a strong engagement with the housing market among young adults and their desire for stability and long-term investment in the community.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 45.0% |
| 25 to 39 | 70.5% |
| 40 to 54 | 82.8% |
| 55 to 74 | 85.5% |
| 75 and over | 80.3% |
What Is Not Included in a Typical Home Insurance Policy?
Even if you’ve opted for a highly comprehensive home insurance policy, there are some risks that insurers explicitly don’t include as a covered peril. These are called “exclusions” by home insurers.
Here are the most common home insurance exclusions:
This is by no means an exclusive list of risks typically excluded from a home insurance policy in Aurora. Talk to your home insurance provider to see what’s covered by your policy in case of loss or damage.
Why Do I Need Home Insurance in Aurora?
Home insurance in Aurora isn’t legally required, so there’s no “need” to get one. Regardless, home insurance is still a good idea because your policy protects your home and its contents from many perils. Here are three common reasons to buy home insurance in Aurora:
How You Can Get Cheap Home Insurance in Aurora
Go to our province page for a list of practical tips on how to save money on your home insurance in Aurora.