4.9
4.9/5
50+ Ratings on Google!

Aurora Home Insurance

3 minutes can save you hundreds. Enter your postal code below and join thousands of Canadians saving on home insurance.

Secure. No Spam. No Fees.

Why You Can Trust MyChoice

MyChoice serves as an independent intermediary between you, financial institutions and licensed professionals without any additional charge to our users. In the interest of transparency, we disclose that we partner with some of the providers we write about – we also list many financial services without any financial gain. MyChoice does not operate a financial institution or brokerage and to ensure accuracy, our content is reviewed by licensed professionals. Our unique position means that we hold no recurring stake in your policy, ensuring our mission to help Canadians make better financial decisions is free of bias or discrimination. 

How to Compare Home Insurance Quotes with MyChoice

Comparing home insurance quotes with MyChoice is as simple as it gets:

Share Your Home Insurance Needs

Tell us what you want out of your home insurance.

Shop for the Best Deals​

Compare home insurance quotes from the best Canadian insurers.

Secure Your Rates​

Pick the best deal and lock your rates on our site.​

Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$106.45Jun 19, 2024, 04:08 PMAuto59FemaleK6J4P2
$43.02Jun 19, 2024, 05:45 AMHome56FemaleK1G0M5
$24.31Jun 19, 2024, 03:31 PMTenant30FemaleM1H2E4

How MyChoice Works

0

Canadians

have compared rates and saved money over the last 24 hours
Leah D
Leah D
July 19, 2023
I was able to get a tenant insurance quote and a car insurance quote for my Jeep on the same day, in the same place, super fast and convenient, less than 10 mins! Would use again and would absolutely recommend
Imaan Pirani
Imaan Pirani
July 13, 2023
Got a great quote for my Camry and to my surprise was able to purchase online... They passed all my information to the companies website automatically and it made the process a breeze!” Highly recommend
David Ifejika
David Ifejika
July 13, 2023
I was shopping around for car insurance and a friend suggested that I try MyChoice to help find the least expensive insurance for my partner and I. It was very reliable, straightforward and user friendly. It made finding new car insurance easy!”
Ty Warner
Ty Warner
July 12, 2023
I was able to bundle my home and auto insurance with My Choice. Getting a quote for both was pretty quick, once I had done my auto portion I had the option to easily check my home insurance too so that was ideal!
John Doyle
John Doyle
July 7, 2023
Recently closed on a place in Markham and was able to get a great home insurance quote in minutes with MyChoice. Purchased online through square one right on closing day!
Tim Borgstädt
Tim Borgstädt
July 4, 2023
I don’t always shop around when it comes to my insurance but I’m glad I did this time, My Choice had a good range of options and I was able to chat to a broker once I found a quote that I liked!
Hao Sheng
Hao Sheng
June 30, 2023
I got a great quote from mychoice. Would definitely recommend everyone to start a quote. I got a much cheaper rate from CAA than my TD
Leo Brasil
Leo Brasil
June 19, 2023
Great experience getting an online quote, quick and easy. All things considered, it looks like I'm going to save around $80 a month on my car insurance!
Mark Whiteley
Mark Whiteley
June 19, 2023
I was shopping around for home/auto insurance because my rates seemed to skyrocket on renewal. MyChoice allowed me to easily search for the most competitive rate, and next thing I know I'm saving $400 a year. Strongly recommend it!
Secure. No Spam. No Fees.
Article Contents
Picture of By <span>Matthew Roberts</span>
By Matthew Roberts

Updated on May 31, 2024

Visit author page
Picture of By <span>Matthew Roberts</span>
By Matthew Roberts

Updated May 31, 2024

Visit author page

5 minute read

Article Contents

Quick Facts About Home Insurance in Aurora

  • Aurora home insurance is MORE expensive than the Ontario average.
  • The average annual cost of home insurance in Aurora is around $1,351.

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.

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:

Extreme weather

Extreme weather like thunderstorms, blizzards, and high winds can happen in any region of Canada, Aurora included. Winds aren’t the only thing you should watch out for during extreme weather events because any unsecured objects can become flying debris that might damage your home or injure people. Your home insurance policy usually comes with wind protection.

Flood

Floods are one of the most common natural hazards in Canada, often caused by rapid snow melts, heavy rain, and other reasons. To protect your home from flooding, you may need to purchase extra flood coverage for your policy.

Fire

 The Greater Toronto Area, including Aurora, is prone to fires during the wildfire season from April to October. In some cases, local authorities may enact a total fire ban for the entire town, like what happened in response to the Ontario wildfires in mid-2023. Fortunately, most home insurance policies come with fire protection.

How Much Does Home Insurance in Aurora Usually Cost?

On average, home insurance in Aurora costs around $1,351 annually. 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.

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:

Flood vulnerability

Flood is a frequent occurrence in many parts of Canada. Some neighbourhoods are more vulnerable to flooding than others due to their proximity to bodies of water and other reasons. Living in a flood-prone area may raise your rates because you’re more likely to file an insurance claim.

Claims history

The number of insurance claims filed in your neighbourhood might influence your rates because insurers use it to gauge your likelihood of filing a claim yourself. It also signifies the area is prone to property damage, increasing your likelihood of filing a claim.

Proximity to fire hydrants and other infrastructure

Fires can devastate homes within minutes, which is why your home’s proximity to fire hydrants and related infrastructure matters. Homes closer to fire hydrants mean firefighters can get to work faster, potentially reducing total damage to your house. In turn, reduced fire risk to your house can lower your rates.

Housing Data in Aurora

What does the housing landscape in Aurora look like? Here’s an overview from the 2021 Census of Population:

Type of Occupied Dwelling

Single-detached houses are the most popular dwellings in Aurora, taking a 60.4% share of the town’s total homes. Row houses come in at second with 16.8%, followed by apartments in buildings under five storeys at 7.1%.

Owner vs Renter Stats/Condo vs Non-Condo Owners

Based on the 25% sample data from the census, 81.2% of Aurora residents own their homes, with renters making up 18.8%. A majority of homes in Aurora are non-condos at 87.7%, while condos take the remaining 12.3% share.

Private Dwellings by Period of Construction: New or Older Homes?

The 25% sample data from the census shows that most homes in Aurora were built between 1981 and 1990, making up 19% of the town’s total homes. Homes built between 1991 and 2000 followed closely at 18.3%. There also seems to be an influx of new houses in recent years, with 12.9% of the town’s homes built between 2016 and 2021.

Major Repairs or Just Maintenance Needed?

Homes in Aurora are generally well-maintained, with 97% only needing minor repairs. The number of homes needing major repairs is comparatively minuscule, at only 3%.

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 GroupHomeownership Rate
15 to 2445.0%
25 to 3970.5%
40 to 5482.8%
55 to 7485.5%
75 and over80.3%

Average Home Price in Aurora by Dwelling Type

The average price of a detached house in Aurora is $1,190,000, well above the provincial average of $800,000.

Type of DwellingAverage Value
Detached$1,190,000
Semi-Detached$917,500
Freehold Townhouse$885,051

Aurora Population Growth

According to Statistics Canada, Aurora’s population grew 12% between the years of 2016 and 2021.

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:

Criminal activities

If your home was damaged due to criminal activity, it won’t be covered by your insurance policy.

Damage from tenants

Generally, home insurance companies require specific coverage for homeowners/landlords who plan to rent out their properties. A standard home insurance policy won’t include coverage if you rent your home out and the tenant causes damage.

Earthquakes

Most policies exclude this risk, but you can cover earthquake losses and damage as an add-on to a standard policy.

Failure to maintain your home

Damage or losses caused by poor home upkeep (e.g., clogged storm drains, broken bannisters) won’t be covered, as your insurer deems it your responsibility to manage wear and tear.

Flood damage

Flooding is typically not covered by a standard policy, but it may be included as an add-on.

Home business activities

Home businesses will need separate home-based business insurance to cover home or equipment damage.

Insect damage

Because this is considered a preventable risk, most insurers don’t cover insect damage.

Mortgage or property taxes

These are separate expenses handled by policy owners as they’re unrelated to your home insurance policy.

Mould

Mould caused by poor home maintenance is typically excluded by home insurance policies. Note that this is separate from mould caused by an insured peril, which will be covered by your policy.

Vacant dwelling risks

Many insurers may void your insurance if you leave your home vacant for a prolonged period.

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:

Liability protection

Home insurance doesn’t just protect your home and its contents. It can also cover legal fees, medical costs, and other expenses following an accident on your property. If you don’t have liability protection from a home insurance policy, you may be saddled with hefty fees that might stretch your finances.

Home and belongings protection

One of the most common reasons people get home insurance is to protect their home and belongings. Home insurance can compensate for repair and replacement costs if perils covered by your policy damage your property.

Mortgage lender requirements

Mortgage lenders have a stake in your house until you’ve paid off your loan. They often require you to purchase home insurance to protect their investments.

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.

Sources

1. Mychoice.ca Internal Data, Home Insurance Quotes Collected, 2024.

2. Statistics Canada, 2021, Census of Population, Ontario, Aurora, Housing Statistics. Data Published March 29, 2023.

3. Statistics Canada, 2021, Census of Population, Ontario, Aurora, Homeownership Rate by Age. Data Published December 16, 2022.

4. CREA, Ontario, Aurora, Median Price of Homes by Dwelling Type, 2024.

5. Statistics Canada, 2001-2021, Census of Population Statistics, Ontario, Aurora, Population Statistics. Data Published December 16, 2022.

Congratulations! You made it to the end!

Now, here is the easy part: complete your quote in under 2 minutes
Secure. No Spam. No Fees.

Discover More About

Read our digest of the recent report on home insurance profitability. Learn how extreme weather affects insurer profits and your premiums.
Sump pumps prevent your home from flooding and provide home insurance benefits. Click through to learn more about sump pumps and how they can save you money.
While home insurance typically doesn’t cover furnace repairs, you can still save money through regular maintenance and government rebates. Click through to learn more.

Even More Ways To Save