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Scarborough Tenant Insurance

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Monthly PremiumsDate & TimeQuote TypeAgeGenderPostal Code
$84.22Jul 24, 2024, 04:44 PMAuto63FemaleM1J2C8
$43.53Jul 24, 2024, 06:04 PMHome47MaleL7P1Y9
$29.37Jul 24, 2024, 09:54 AMTenant41MaleN8W5N7

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Article Contents
Picture of By <span>Matthew Roberts</span>
By Matthew Roberts

Updated on May 29, 2024

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Picture of By <span>Matthew Roberts</span>
By Matthew Roberts

Updated May 29, 2024

Visit author page

3 minute read

Article Contents

Quick Facts About Tenant Insurance in Scarborough

  • Scarborough tenant insurance is MORE expensive than the Ontario average.
  • The average cost of tenant insurance in Scarborough is $34 per month.
  • On average a one-bedroom apartment costs $2,125 per month in Scarborough.

As of June 2023, Scarborough is within the top ten most expensive places in Canada for renters. High rent generally signifies high demand, which means there’s a competitive rental market in Scarborough.

Renting homes is popular for many reasons. Some people prefer to rent because they want flexibility, while others do so because homeownership costs much more.

Another prominent benefit of renting a home is that your landlord is responsible for maintaining the property. You don’t have to spend anything or worry about repairs because the landlord will keep your home in good shape. Better yet, the rental home is protected under the landlord’s home insurance policy, so you won’t be charged anything if disaster strikes.

But one thing to note: your landlord’s home insurance doesn’t cover your belongings. You won’t be compensated if they’re damaged in the same event. Fortunately, tenant insurance can provide that protection. It gives you financial coverage if covered perils damage your belongings.

Finding the right tenant insurance policy can be confusing since there are so many options. That’s why it’s a good idea to learn more about tenant insurance in Scarborough to ensure you make the right decisions regarding your policy.

How Much Does Tenant Insurance in Scarborough Usually Cost?

Tenant insurance in Scarborough usually costs $408/year. That’s around $150 more than the Ontario average renters insurance rate, which is around $264/year. Broken down, you’re paying about $34/month for the policy, which is quite expensive.

The good news is that $408/year is your average rate, you may get lower rates if you work with the right insurer. Your rates may also vary depending on various factors, like where your rental property is located and what items are in your house. Use My Choice to compare deals between multiple insurers and find the right policy that suits your needs.

A Snapshot of Scarborough Renters

Taking a look at a city’s rental landscape helps us understand its market. Cities with lots of renters generally have higher demand and higher rent prices.

Since the 2021 Census of Population doesn’t list Scarborough as one city, we’ve merged the data from individual census results for Scarborough’s six districts to represent Scarborough as a whole.

Of all the households surveyed in the census, 36% or one-third are renters. This means there’s a sizable renter population in Scarborough.

Apartments are also incredibly common in Scarborough, with high-rise apartments taking up a 35.2% share of the city’s total dwellings. Apartments in duplexes and low-rises take a 7.5% and 5.7% share, respectively. When put together, apartments are the most common dwelling in Scarborough.

A national rental report stated that rent in Scarborough had increased considerably between June 2022 and June 2023. Rent for a one-bedroom apartment as of June 2023 is $2,125, a 27.1% increase from the previous year. Meanwhile, rent for a two-bedroom apartment is $2,506, a 22.2% increase.

What Is Not Included in a Typical Scarborough Renters Insurance Policy?

Even if you’ve opted for a highly comprehensive tenant insurance policy, there are some risks that insurers explicitly don’t include as a covered peril. These are called “exclusions” by Scarborough insurance companies.

Here are the most common tenant insurance exclusions:

Criminal activities

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


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., water damage from frozen pipes, broken bannisters) won’t be covered.

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 business insurance coverage to protect you from rental property or equipment damage.

Pest damage

Because this is considered a preventable risk, most insurers don’t cover damage or loss caused by insects, vermin, and animals.


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

Vacant property risks

Many insurers may void your tenant insurance if you leave the property vacant for over 30 days in a row.

Note that a tenant insurance policy doesn’t cover loss or damage to items that aren’t yours, so it won’t cover a roommate’s belongings or your landlord’s possessions. Also, the list above is by no means an exclusive enumeration of risks typically excluded from a tenant insurance policy in Scarborough. Talk to your tenant insurance provider to see what’s covered by your policy in case of loss or damage.

Scarborough Population Growth

Scarborough’s population slightly increased from 102,386 to 103,449 people between 2016 and 2021, roughly a 1% increase over the course of the five years. That is a low population growth rate relative to other Ontario cities.

How You Can Get Cheap Tenant Insurance in Scarborough?

Looking for cheap tenant insurance in Scarborough? Compare rates with MyChoice or visit our provincial tenant insurance page for practical tips on how to get cheap tenant insurance.



Average rates were calculated using a standard profile and incident profiles. All personal details pertaining to the quotes and policies have been kept confidential.

Standard Profile

Quoted rates are based on either a 35-year-old male and/or female tenant with a clean claim history and good credit. They are also non-smokers and live in a home with monitored fire alarms and burglar alarms. The tenants also have a $1,000 deductible, a $1,000,000 liability, a $30,000 personal property limit and water damage included.

Incident Profiles

We examined how rates change by evaluating incident profiles. We looked at the most common tenant insurance claims in Canada: theft, fire-related, accidental injury, and water damage claims while comparing them to a clean record (standard).

Home Details

Quoted rates are based on either a duplex or triplex home constructed in the year 2010 or later.


MyChoice data science, MyChoice research.


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

2. Statistics Canada, 2016-2021, Census of Population Statistics, Ontario, Scarborough, Population Statistics. Data Published December 16, 2022.

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