Cheapest Renters Insurance Deals in Canada
Discover 7 deals available this month.
1.APOLLO Tenant Insurance
APOLLO Tenant Insurance offers online-only tenant policies starting around $13/month in some provinces, often about 25% cheaper than competitors. It also provides a best-price guarantee when compared to existing policies.
View Deal →At roughly $13 per month, APOLLO stands out for budget-conscious renters seeking straightforward, affordable coverage with a price match guarantee.
Pros:
- Policies start at approximately $13/month in some provinces
- Around 25% cheaper on average compared to competitors
- Best-price style guarantee against existing policies
- Fully online purchasing process
Cons:
- Pricing varies by province and may not be the lowest everywhere
- Limited to online sales, no in-person support
- May not offer as customizable coverage options as some competitors
2.Square One Renters Insurance
Square One Renters Insurance offers customizable renters policies across much of Canada starting from $15/month, allowing you to pay only for the coverage you select.
View Deal →Square One stands out for its flexible coverage options that let you tailor your policy and control costs from an affordable starting price.
Pros:
- Highly customizable coverage options
- Available across much of Canada
- Starting price as low as $15/month
Cons:
- Pricing may vary depending on selected coverage
- No mention of any discounts or price guarantees
- Limited online comparison data available
3.Duuo Tenant Insurance
Duuo Tenant Insurance by Co-operators offers flexible month-to-month renter policies starting from $17/month, available in all Canadian provinces except Newfoundland with no cancellation fees. It provides easy digital access and budget-friendly options for tenants.
View Deal →Duuo stands out for renters wanting straightforward, no-commitment coverage with a reputable backing, making it simple to start and stop insurance as needed. Its month-to-month format and digital-first setup offer convenience without long-term ties.
Pros:
- Flexible month-to-month policies with no cancellation fees
- Available across nearly all Canadian provinces except Newfoundland
- Backed by the trusted Co-operators insurance group
- Affordable starting price of around $17/month
Cons:
- Not available in Newfoundland
- Starting price is slightly higher than some ultra-budget competitors
- Limited information on coverage customization compared to some rivals
4.Ratehub Renters Insurance Comparison
Ratehub Renters Insurance Comparison is a Canadian platform that lets you compare quotes from multiple insurers with tenant coverage starting as low as $19/month. It streamlines finding the best rental insurance price for your needs.
View Deal →Offering a straightforward way to compare renter’s insurance quotes, Ratehub helps you spot the lowest prices quickly, making it a useful tool for budget-conscious renters.
Pros:
- Access to multiple insurance quotes in one place
- Tenant coverage advertised from $19/month
- Helps find the lowest price tailored to your situation
Cons:
- Starting price higher than some competitors like Apollo or Square One
- Limited detail on customization options compared to direct insurers
- No direct policy purchase—only comparison
5.Rates.ca Tenant Insurance Comparison
Rates.ca offers a Canada-wide tenant insurance comparison with recent quotes showing some of the cheapest real offers, such as $24–$33/month for Ontario high-rise tenants. It lets you view and choose the lowest live rates from multiple providers.
View Deal →Offering transparency with live rates, Rates.ca is a solid choice for renters seeking competitive quotes across Canada, especially in urban areas like Ontario high-rises. It simplifies the search for affordable tenant insurance by aggregating real-time offers.
Pros:
- Provides live, up-to-date quotes from multiple insurers
- Offers some of the cheapest real tenant insurance rates in Canada
- Covers a wide geographic area including Ontario high-rise tenants
Cons:
- Rates may be higher compared to some online-only providers
- Pricing range can be broad ($24–$33/month), requiring careful comparison
- Limited details on policy customization options
6.LowestRates.ca Tenant Insurance Comparison
LowestRates.ca compares multiple tenant insurance providers across Canada, helping renters find the lowest available quotes quickly. Users can save an average of about 30% by selecting the best policy for their address and profile.
View Deal →Offering a streamlined way to uncover the cheapest renter’s insurance deals, LowestRates.ca stands out by delivering substantial average savings of around 30% through its comparison platform.
Pros:
- Compares multiple tenant insurers across Canada in minutes
- Reports average savings of about 30% by showing lowest available quotes
- Tailors quotes based on user address and profile for accurate pricing
Cons:
- Does not provide direct insurance policies, only comparisons
- Pricing depends on live quotes which may fluctuate
- No detailed information on specific insurers’ coverage options
7.Duuo via Co‑operators Network
Duuo Tenant Insurance, powered by Co‑operators, offers flexible month-to-month renters coverage starting from $17/month with no cancellation fees. It is available in all Canadian provinces except Newfoundland.
View Deal →Duuo presents a convenient, no-commitment renters insurance option for those seeking affordable coverage backed by a trusted provider. Its month-to-month flexibility makes it an adaptable choice for budget-conscious renters.
Pros:
- Flexible month-to-month policies with no cancellation fees
- Affordable starting price from $17/month
- Backed by the reliable Co‑operators brand
- Available in nearly all Canadian provinces
Cons:
- Not available in Newfoundland
- Starting price slightly higher than some competitors
- Limited information on customization options compared to other insurers
Final Words
To secure the best renters insurance deal this January, take time to compare options from providers like Apollo, Square One, and Duuo, as well as trusted comparison sites such as Ratehub and LowestRates.ca. By checking current offers tailored to your location and needs, you can confidently choose affordable coverage that protects your belongings without overspending.
Frequently Asked Questions
APOLLO Tenant Insurance offers online-only tenant policies starting around $13/month in some provinces, making it about 25% cheaper than many competitors. It also provides a best-price guarantee when compared to your existing policy.
APOLLO Tenant Insurance is available online in multiple provinces, with pricing starting around $13/month depending on your location. Availability may vary, so it’s best to check directly with APOLLO for your specific province.
APOLLO offers a best-price style guarantee that compares your current renters insurance policy price to their rates, ensuring you get a cheaper deal if you switch. This guarantee helps renters save about 25% compared to other insurers.
Use comparison platforms like Ratehub or LowestRates.ca to quickly compare multiple insurers and find quotes as low as $19/month or less. Checking for online-only providers like APOLLO can also lead to significant savings.
Yes, insurers like Square One offer highly customizable renters policies starting from $15/month, allowing you to pay only for the coverage you need. Customizing your policy can help reduce your monthly premium.
Yes, Duuo Tenant Insurance offers flexible month-to-month policies starting from $17/month with no cancellation fees, providing renters with budget-friendly and commitment-free coverage.
