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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. 

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Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$76.76Sep 26, 2023, 07:48 PMAuto45MaleN6B1M5
$47.94Sep 26, 2023, 11:18 AMHome57MaleL8V3Z8
$12.80Sep 26, 2023, 09:13 PMTenant40MaleM3C1Y3

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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
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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
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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
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July 12, 2023
I was able to bundle my home and auto insurance with MyChoice. 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!
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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
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July 4, 2023
I don’t always shop around when it comes to my insurance but I’m glad I did this time, MyChoice 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
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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!
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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!
Article Contents
By <span>Matthew Roberts</span>
By Matthew Roberts

Updated July 12, 2023

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

Updated July 12, 2023

Visit author page
Article Contents

Make It Your Choice By Choosing Your Home Insurance With Us Today!

Home Insurance Can Be Confusing

Ontario’s size and diversity results home insurance rates varying widely. The city centers of Toronto will have high rates with outlying communities such as Thunder Bay or Barrie having somewhat lower rates. The lowest home insurance rates will be found out in Ontario’s vast countryside.

Ontario is the most populous Canadian Province with it being home to over a third of the country’s population. It has both the capital and the nation’s most populous city making it the center of political and cultural life of the country.

Ontario is a diverse region with different areas having a diverse economy focusing on manufacturing, agriculture, natural resources, and financial services. Residents have the chance to live in downtown Toronto, lovely suburbs, or on rural farms.

Ontario has over 5.1 million private residents with 53.4% all homes being single detached homes . The number of private residents in Ontario means home owners insurance is an important part of living in the Provence.

Bundle Your Ontario Insurance Policies For Cheap Insurance

A simple way to save money on your home and auto insurance is to bundle your policies. Most people can save between ten and twenty percent by bundling policies.

How Is Home Insurance Calculated in Ontario

Obviously, the major factor towards your home insurance rates is the home itself. The value of a home is determined by factors such as:

  • Type Of Material It Is Constructed Out Of
  • Location
  • Square Footage
  • Number Of Beds/Baths

Your home insurance is also going to be calculated by how safe the home is. This will include factors such as:

  • Type Of Electricity
  • Type Of Pipes
  • Square Footage
  • Number Of Beds/Baths
  • Type Of Heating
  • Distance To Closest Fire Hydrant
  • Special Features Such As Pool
  • Home Security System
  • Smoke And Carbon Dioxide Detectors

Your home insurance will also depend upon how the home is being used. Your rates will change if it is partially being used as a business, has a home office, or if it is a rental unit.

MyChoice makes it simple to find out average home insurance rates for your specific home in Ontario. You simply have to enter in information about the home and your desired insurance policy. You can then see a list of insurance quotes.

The Four Levels Of Coverage in Ontario You Should Know

When shopping for home insurance, you can choose between different levels of home insurance. The level of coverage will have a major impact on your Ontario home insurance premiums, and it will also affect how useful your home insurance is.

There are four different levels of home insurance including:

  • Comprehensive
  • Broad
  • Basic
  • No-Frills

Comprehensive coverage will give you the best protection from most common types of damage such as storms, vandalism, or burst pipes with the other three levels of coverage offering less coverage.

You should seek out a level of coverage that you can afford to protect you from most risks. Good coverage will allow you to avoid major expenses with the higher average premiums being usually worth it.

Home insurance also has what is known as “opt-in” features.

Opt-In or optional coverage will protect you from such things as overland flooding or earthquakes. You should consider the cost of these forms of coverage especially if you live in area prone to these forms of risk.

Know What Coverage You Should Have

Your home insurance policy should offer you some basic forms of protection. The three basic categories of coverage should include:

  • Replacement Value Of Home And Property
  • Upgrades To Your Property
  • Liability Coverage If Someone Gets Hurt

You should also make sure that your homeowners insurance covers you from a number of common risks such as:

  • Fire
  • Lightning
  • Smoke Damage
  • Criminal Acts
  • Water Damage
  • Broken Windows
  • Falling Objects

Different policies protect you from different risks, and you should go over it on a line by line basis.

What About High Risk Homes in Ontario

High-risk home insurance is a type of insurance given to people who are likely to file a major claim. High-risk insurance will have much higher premiums, and it may result in you not being able to get certain forms of coverage.

Insurers will often designate a high-risk client if they live in a mobile home, file have a history of filing more than two major claims a year, or live in a property that has had two major claims in a year.

High-risk home insurance is sometimes used on properties that have experienced multiple fires or burglaries.

It is important to take steps to avoid being classified as a high risk in order to avoid high premiums.

How To File A Personalized Home Insurance Claim in Ontario

The process of submitting a home insurance claim is fairly easy.

The first part is documenting the damage the best you can. You should take pictures of the damage, and work with the insurance agent to make a list of everything that needs to be repaired or replaced. One way to prepare for a claim is to take pictures of your home and valuables before they were damaged. This will streamline the process, and allow you to get the most compensation from your insurer.

You can submit a claim by calling your insurers claims hotline. Most providers have twenty-four hour hotlines, and they can guide you through the process of filing a claim. It would also be possible to submit a claim by using your insurance provider’s app if the functionality is available.

Find Tailored Home Insurance Quotes in Minutes

MyChoice makes comparing home insurance in Ontario quick and simple with you able to get an insurance quote in just a few of minutes. To get started just enter in some basic information about your home such as its value and location. We will then provide you with a list of accurate home insurance quotes.

MyChoice makes allows you to quickly compare home insurance premiums and only shows you the best insurance quotes suited to you.

Congratulations! You made it to the end!

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Discover More About

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