Cheapest Home Insurance in Canada
Discover 3 deals available this month.
1.Wawanesa Insurance
Wawanesa Insurance offers home insurance policies starting as low as $53 per month, available across Canada. It provides some of the most affordable rates nationwide for select coverage options.
View Deal →With rates beginning at $53 per month, Wawanesa Insurance stands out for budget-conscious homeowners seeking nationwide coverage. It’s a strong choice for those prioritizing low-cost policies without regional restrictions.
Pros:
- Some of the lowest home insurance rates in Canada starting at $53/month
- Available nationwide across all Canadian provinces
- Affordable option for select home insurance policies
Cons:
- Lowest rates apply only to select policies, which may limit coverage options
- Details on coverage breadth and extras are not specified
- No pricing information on add-ons or discounts beyond base rates
2.Square One Insurance
Square One Insurance offers affordable home insurance with average rates starting at $68/month. Coverage is available in BC, AB, MB, ON, SK, and QC.
View Deal →For homeowners in select provinces seeking budget-friendly coverage, Square One provides a solid option with competitive pricing and regional availability. It balances cost and accessibility across multiple key Canadian markets.
Pros:
- Affordable average monthly premium starting at $68
- Available in six Canadian provinces including BC, ON, and QC
- Competitive pricing compared to other regional providers
Cons:
- Not available nationwide, limited to specific provinces
- Slightly higher starting price than the lowest market options
- No detailed information on specific coverage features or discounts
3.Belairdirect
Belairdirect offers affordable home insurance with broad coverage across multiple provinces including AB, BC, ON, QC, and the Atlantic provinces. Pricing details are not specified but the company focuses on low-cost options.
View Deal →Offering wide provincial availability, Belairdirect is a solid choice for Canadians seeking budget-friendly home insurance with extensive coverage options.
Pros:
- Low-cost home insurance options
- Available in eight provinces including major markets and Atlantic regions
- Broad coverage included in policies
Cons:
- Exact pricing details are not provided
- Coverage specifics may vary by province
- Not available nationwide
Final Words
To secure the cheapest home insurance deals this February 2026 in Canada, you should take time to compare offerings from providers like Wawanesa, Square One, and Belairdirect to find coverage that fits your needs and budget. By exploring current rates and discounts, you can ensure your home is protected without overpaying.
Frequently Asked Questions
Wawanesa Insurance offers some of the lowest home insurance rates in Canada, starting at $53 per month for select policies. Their coverage is available nationwide, making it one of the most affordable options across the country.
Yes, Wawanesa Insurance provides home insurance policies nationwide in Canada. This means you can access their affordable rates no matter where you live in the country.
Other affordable options include Square One Insurance, with average rates from $68 per month available in BC, AB, MB, ON, SK, and QC, and Belairdirect, which offers low-cost coverage in several provinces including AB, BC, ON, QC, NB, NS, NL, and PEI.
To compare home insurance deals, consider factors such as monthly premiums, coverage options, and availability in your province. Checking providers like Wawanesa, Square One, and Belairdirect can help you find the best balance between price and coverage.
Yes, some insurers like Square One and Belairdirect have coverage limited to specific provinces. For example, Square One is available in BC, AB, MB, ON, SK, and QC, while Belairdirect serves AB, BC, ON, QC, NB, NS, NL, and PEI.
The research highlights Wawanesa Insurance for its low rates starting at $53 per month and nationwide availability, but does not specify particular features. It focuses on affordability and broad access as key benefits.
