Cheapest Home Insurance in Canada
Discover 8 deals available this month.
1.Square One Home Insurance
Square One Home Insurance is an online Canadian insurer offering customizable home insurance policies starting around $15 per month. You can adjust coverage and deductibles to lower premiums while meeting lender requirements.
View Deal →Ideal for budget-conscious homeowners, Square One lets you tailor your policy with flexibility to keep costs low without sacrificing essential coverage. Its highly customizable approach makes it a practical choice for those wanting control over their insurance expenses.
Pros:
- Policies start at approximately $15 per month, providing affordable options
- Highly customizable coverage and deductible options
- Online platform allows for easy policy adjustments
- Meets lender insurance requirements
Cons:
- Limited information on additional discounts or bundled deals
- Primarily online, which may not suit those preferring in-person service
- May require careful adjustment to ensure comprehensive protection
2.Rates.ca Home Insurance Comparison
Rates.ca is a Canadian comparison site that helps users find some of the cheapest home insurance quotes across multiple insurers, often well below local averages. It allows easy comparison of policies to find budget-friendly options.
View Deal →For homeowners seeking affordable home insurance, Rates.ca offers a streamlined way to compare prices across top Canadian providers, revealing some of the lowest market rates available. Its broad insurer coverage makes it a practical tool for cost-conscious buyers.
Pros:
- Finds some of the cheapest home insurance quotes in Canada
- Compares multiple insurers in one place for easy decision-making
- Recent quotes have been significantly below local average prices
Cons:
- Does not provide detailed policy customization within the platform
- No direct purchasing option; users must contact insurers separately
- Limited information on coverage specifics during comparison
3.LowestRates.ca Home Insurance Comparison
LowestRates.ca is a Canadian broker that compares multiple insurers simultaneously to find the lowest home insurance rates based on your property details. It helps you access competitive quotes often below local averages.
View Deal →A top choice for homeowners wanting a broad market view, LowestRates.ca efficiently uncovers some of the cheapest home insurance rates tailored to your property specifics. Its aggregator model streamlines comparison to help you save.
Pros:
- Compares many insurers at once for broad coverage options
- Often surfaces the lowest available rate in your area
- Tailors quotes based on detailed property information
Cons:
- No direct policy purchase; acts only as a comparison broker
- Pricing dependent on property details which may vary widely
- Limited to Canadian market only
4.Ratehub.ca Home Insurance Comparison
Ratehub.ca is a Canadian comparison platform that lets you view and compare cheap home insurance quotes from multiple top insurers in one place. It helps find competitive rates tailored to your property details.
View Deal →Ratehub.ca offers convenience by consolidating quotes from various insurers into a single application, making it easier to spot affordable home insurance options quickly.
Pros:
- Access to multiple top Canadian insurers in one platform
- Simplifies comparison of cheap home insurance quotes
- Quotes reflect local market rates for better accuracy
Cons:
- No direct pricing details provided upfront
- Limited customization options within the comparison interface
- Relies on insurer cooperation for up-to-date quotes
5.Surex Home Insurance
Surex is a Canadian online brokerage that compares multiple insurers to find affordable home insurance coverage. Brokers assist in customizing limits and deductibles to help lower your premium costs.
View Deal →For those wanting a tailored approach without shopping around themselves, Surex offers broker-supported comparisons that help balance coverage and price effectively. It combines personalized service with online convenience to streamline finding low-cost options.
Pros:
- Access to multiple insurers through one platform
- Broker assistance to customize coverage limits and deductibles
- Helps reduce premium costs by tailoring policies
- Online convenience with expert support
Cons:
- No specific pricing details publicly available
- Dependent on broker availability for personalized help
- May not offer direct online-only policy options
6.Aviva Home Insurance (via brokers/comparators)
Aviva offers competitive and relatively low home insurance premiums when purchased through brokers or comparison sites, providing standard home coverage. Pricing tends to be better than many traditional options, making it a cost-effective choice for Canadian homeowners.
View Deal →Aviva stands out as a cost-conscious option for those who prefer using brokers or comparison platforms to secure affordable home insurance without compromising on standard coverage.
Pros:
- Competitive and relatively low pricing through brokers and comparison sites
- Standard home insurance coverages included
- Widely available across Canada via multiple intermediaries
Cons:
- Pricing and deals depend heavily on broker or comparator used
- Limited direct online purchase options compared to fully online insurers
- May lack specialized or highly customizable coverage features
7.Sonnet Home Insurance
Sonnet Home Insurance is a fully online Canadian insurer offering quick digital quotes and competitive pricing that may be lower than traditional brokered policies for some homeowners. It serves multiple provinces, providing an efficient way to get home insurance coverage.
View Deal →Sonnet stands out by delivering fast online quotes with competitive rates that can beat brokered options, making it a convenient choice for tech-savvy homeowners.
Pros:
- Fully digital process with quick quote generation
- Competitive pricing potentially cheaper than brokered policies
- Available in several Canadian provinces
Cons:
- Not available in all provinces
- Limited in-person support due to fully online model
- Coverage options may be less customizable than broker-assisted plans
8.Travelers Canada Home Insurance
Travelers Canada offers home insurance policies that can be tailored to fit your budget, with 24/7 claims service. Policies purchased through brokers may come at relatively lower costs.
View Deal →Travelers Canada delivers flexible home insurance options with around-the-clock claims support, appealing to those who want budget-conscious coverage. Its broker partnerships often help secure competitive pricing.
Pros:
- Ability to customize coverage to suit individual needs
- 24/7 claims service for added convenience
- Potentially lower premiums when purchased via brokers
Cons:
- Lower-cost packages mainly available through brokers rather than direct purchase
- Less pricing transparency without broker involvement
- Limited direct online quote options compared to some digital insurers
Final Words
To secure the cheapest home insurance deals this January 2026 in Canada, take time to compare quotes from various providers and use trusted comparison platforms to find the coverage that best fits your needs and budget. By exploring current offers and customizing your policy, you can confidently protect your home while saving money.
Frequently Asked Questions
Square One Home Insurance offers highly customizable policies starting around $15 per month, allowing you to adjust coverage and deductibles to lower your premiums while still meeting lender requirements. Being an online insurer, it provides flexibility and tailored options to suit different homeowners' needs.
Yes, Square One lets you adjust both coverage limits and deductibles, which helps reduce your monthly premiums. This customization ensures you only pay for what you need while maintaining adequate protection.
Square One is an online Canadian insurer serving homeowners across Canada. Its customizable policies cater to a wide range of properties and locations within the country.
You can use Canadian comparison sites like Rates.ca, LowestRates.ca, and Ratehub.ca to compare multiple insurers at once. These platforms help you find quotes well below local averages by tailoring options to your property details.
Look for platforms that allow side-by-side comparisons from multiple insurers to easily evaluate pricing and coverage. Pay attention to customizable options like deductibles and coverage limits to find a policy that balances cost and protection.
Yes, major insurers like Aviva and Travelers Canada often offer competitive pricing through brokers and comparison sites. They provide standard home coverages with options to tailor policies for budget-conscious homeowners.
