Best Home Insurance Companies in Canada

Selecting the best home insurance company in Canada is essential for protecting your house and belongings. The top house insurance providers in Canada make sure you are sufficiently covered in the case of unforeseen circumstances by providing extensive coverage, affordable rates, and first-rate customer support. A few of businesses stand out for their dependability and dedication to fulfilling the various demands of homeowners as the Canadian insurance industry continues to change.

Whether you’re looking for liability insurance, extra endorsements, or coverage for property damage, these leading house insurance companies work to give peace of mind with their reliable plans and unfailing assistance.

Finding the greatest match for your particular needs in an ever-changing market requires taking into account a number of variables, including coverage alternatives, customer happiness, and financial stability. In order to assist you in making an informed choice to protect your house and your loved ones, this article examines some of the top home insurance providers in Canada.

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1. Home Insurance

Home insurance provides homeowners with financial security by protecting their building, personal property, liabilities, and living costs in case of unanticipated events. It covers liability for accidents or property damage, personal property coverage for possessions, supplementary living costs coverage for short-term housing, and dwelling coverage for the building of the home.

Medical costs coverage is an additional option for policies. Homeowners should select a plan that fits their requirements and budget after learning about policy limitations, deductibles, and exclusions. It’s essential to comprehend the policy’s conditions to provide sufficient protection.

1.1 Need for Home Insurance

In Canada, having house insurance is crucial for safeguarding one’s assets and financial stability. Having a house insurance coverage gives homeowners piece of mind because of the unpredictable nature of weather and other threats like fire, theft, or liability difficulties.

 In the event of unforeseen circumstances, it protects against the financial strain of replacing or restoring a house and its belongings. Furthermore, living expenses and responsibility are frequently covered by home insurance in Canada, which emphasizes the importance of home insurance in reducing the risks connected to owning.

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2. Best Home Insurance Companies in Canada

Look through the top Canadian providers of comprehensive and reasonably priced house insurance for your property.

2.1 Top Home Insurance Companies in Canada According to Our Rating

Following are the best home insurance companies in Canada,

1. Square One
2. Intact Insurance
3. CAA
4. Aviva
5. Economical Insurance
6. Wawanesa Home Insurance
7. Surex
8. Appolo
9. Desjardins
10. All State

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2. Square One – Canada

2.1 Review – Square One Canada

SquareOne is a Canadian insurance broker that offers personalized home and tenant insurance policies. They provide custom quotes and a speedy online experience, making them a great platform for Canadians seeking a modern, streamlined process to acquire home insurance.

2.2 Company Overview – Square One Canada

Square One is revolutionizing home and car insurance by offering customizable policies that are as unique as their customers. Customers can get a quote and buy a policy online or by phone. With a 4.8/5 rating on Glassdoor, Square One is seeking a team member with a culture of respect, pride, and innovation.

The company values each team member’s expertise and encourages direct access to the entire leadership team. Square One also provides coaching and training to help agents become experts in their respective fields. Established in 2011, Square One has agents across Canada, offering home insurance in BC, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec, and car insurance in Ontario.

Industry	Insurance
Headquarters	Vancouver, BC
Founded	2011

2.3 Products & Services – Square One Canada

There are three main categories of house insurance policies:

1. Named perils
2. Comprehensive
3. Broad form

Coverages offered,

Specialized insurance:

There are a number of special coverages that may be available, depending on the policy and provider:

1. Homes under construction or renovation
2. Legal protection coverage
3. Short-term rental coverage
4. Service line coverage
5. Homes with business exposures

2.4 Contact Details – Square One Canada

You can contact company through,

Phone Number	1.855.331.6933
Address	1410-650 W Georgia St, Vancouver, BC V6B 4N8
Email	[email protected]
Official Website	https://www.squareone.ca/

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3. Intact Financial Corporation – Canada

3.1 Review – Intact Financial Corporation Canada

Intact Financial Corporation, founded in 1809, is Canada’s largest provider of property and casualty insurance. Headquartered in Toronto, the company offers comprehensive homeowners’, condo, tenant, and cottage insurance. Policyholders can add endorsements like water damage protection and identity theft protection. Intact’s digital platform, including a mobile app, enables easy policy management and online claim filing.

3.2 Company Overview – Intact Financial Corporation Canada

Intact Financial Corporation is a Canadian multinational property and casualty insurance company, established in 1809 as the Halifax Fire Insurance Association. It underwrites insurance through subsidiaries Intact Insurance and Belair Insurance, as well as additional brokerage, insurance service, and damage restoration subsidiaries. As of 2017, Intact was the largest provider of property and casualty insurance in Canada by annual premiums. With over 16,000 employees, the company insures over five million individuals and businesses.

Industry	Insurance
Founded	1809; 214 years ago
Headquarters	Intact Centre, Toronto, Ontario, Canada
Products	Property and casualty insurance, insurance brokerage

3.3 Products & Services – Intact Financial Corporation Canada

Coverages offered in Ontario Canada are,

1. Dwelling Building
2. Personal Property
3. Additional buildings
4. Loss of use
5. Personal liability

3.4 Contact Details – Intact Financial Corporation Canada

You can contact company through,

Phone Number	1-855-388-1771
Address	700 University Ave., Toronto, ON, M5G 0A1.
Email	[email protected]
Official Website	https://www.intact.ca/

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4. CAA – Canada

4.1 Review – CAA Canada

Originally called the Canadian Automobile Association, CAA provides insurance for a wide range of housing types, including homes, apartments, and rental properties.

Because of its affordable prices, CAA has been ranked by LowestRates.ca customers as one of the top Canadian house insurance providers.

You will also receive unrestricted access to CAA’s extensive hotline system, which provides assistance with any health, pet health, legal, identity theft, and home maintenance inquiries, if you own a house insurance policy via the organization.

4.2 Company Overview – CAA Canada

If you’re one of the 5.8 million Canadians who own a membership with the CAA, you’ve undoubtedly phoned for assistance when you’ve ran out of petrol on a road trip, had a flat tire, or been locked out of your vehicle. However, CAA can provide much more than just roadside help; it can also provide visitors to Canada with travel insurance as well as travel insurance for Canadian citizens traveling both domestically and abroad.

CAA South Central Ontario (which includes Manitoba), North East Ontario, Niagara, Alberta, British Columbia, Manitoba, Maritimes, Quebec, and Saskatchewan are among the nine regional clubs that comprise the CAA.

Plans from CAA-South Central Ontario (CAA-SCO) served as the foundation for this study. Your plan options may vary if you reside outside of Canada or in a different region of the province.

Orion Travel Insurance, a CAA business, underwrites travel insurance for CAA South Central Ontario.

4.3 Products & Services – CAA Canada

Services offered by the company include,

Standard Coverage,

1. Fire damage
2. Smoke damage
3. Rain boots
4. Water damage
5. Thunder
6. Wind and hail damage
7. Window damage
8. Police Hat and badge
9. Vandalism or theft
10. Penalties fines
11. Legal Expense Insurance

Additional coverage,

1. Home Equipment Breakdown
2. Service Line Coverage
3. CAA Water Coverage
4. Home Liability Coverage
5. CAA Tire Coverage
6. Identity Theft

4.4 Contact Details – CAA Canada

You can contact company through,

Phone Number	1-833-699-9769
Address	60 Commerce Valley Drive East, Thornhill, ON L3T 7P9
Email	[email protected]
Official Website	https://www.caasco.com

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5. Aviva – Canada

5.1 Review – Aviva Canada

Aviva Canada, part of Aviva, is a leading property and casualty insurance group serving over three million customers in Ontario. Established in 1696, it acquired and rebranded the Pilot Insurance Company in 2004. Aviva Canada offers a range of home insurance products, including standard homeowners’ coverage, condominium-specific policies, and tenant insurance.

Customers can also add specialized endorsements for additional coverage. Aviva Canada is known for its focus on digital innovation, such as the Aviva Journey mobile app, which allows real-time tracking of driving behavior and premium discounts for safe drivers.

5.2 Company Overview – Aviva Canada

The UK-based Aviva plc is the parent business of Aviva Canada Inc., a property and liability insurance provider operating only in Canada. More than three million clients receive home, personal, auto, recreational vehicle, group, and business insurance from it.

Industry	Insurance
Founded	1999
Headquarters	Markham, Ontario
Services	Home, Auto, Specialty and Business Insurance

5.3 Products & Services – Aviva Canada

A comprehensive home insurance policy coverage includes…

1. Fire, explosion, theft, and vandalism
2. Damage from falling objects, such as a tree branch
3. Lightning, hail, and windstorm damage
4. Certain types of water damage

Other coverages include,

1. Other structures on your property like a garden shed
2. Your belongings
3. Personal liability
4. Living expenses

5.4 Contact Details – Aviva Canada

You can contact company through,

Phone Number	1-800-387-4518
Address	10 Aviva Way, Unit 100, Markham Ontario,
Email	[email protected]
Official Website	https://www.aviva.ca/en/about-aviva

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6. Economical Insurance – Canada

6.1 Review – Economical Insurance Canada

Economical Insurance, founded in 1871, is a Canadian property and casualty insurer offering a diverse range of insurance solutions. They offer standard homeowners’ insurance, tailored policies for condominium owners and renters, and endorsements for specific needs. In late 2021, they completed demutualization, transitioning from policyholder ownership to shareholder ownership, potentially offering higher benefits for policyholders.

6.2 Company Overview – Economical Insurance Canada

Economical Insurance, founded in 1871, is a Canadian Property & Casualty insurance company offering various insurance products. With a 4.02% market share and 1.6 billion in mutual policyholder’s equity, it is the 9th largest insurance company in Canada by direct written premium and 20th largest by total assets. The company owns several subsidiaries, including Economical Mutual Insurance Company, Perth Insurance Company, Waterloo Insurance Company, The Missisquoi Insurance Company, and Federation Insurance Company of Canada.

Industry	mutual insurance
Founded	November 25, 1871; 152 years ago Kitchener, Ontario, Canada
Founders	A group of Kitchener people
Headquarters	Waterloo, Ontario, Canada

6.3 Products & Services – Economical Insurance Canada

Coverages Company offered are,

1. Property (your home)
2. Additional living expenses
3. Damages to others involved
4. Contents (your stuff)
5. Detached buildings & sheds
6. Home-based businesses
7. Identity theft
8. Trailers, watercraft, and more…

6.4 Contact Details – Economical Insurance Canada

You can contact company through,

Phone Number	1-800-265-2180
Address	Economical Insurance 111 Westmount Road South, P.O. Box 2000, Waterloo, ON N2J 4S4
Email	[email protected]
Official Website	https://www.economical.com

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7. Wawanesa Home Insurance – Canada

7.1 Review – Wawanesa Home Insurance Canada

Wawanesa Insurance, founded in 1896 in Manitoba, is one of Canada’s largest mutual insurance companies. Located in Winnipeg, the company offers a range of home insurance products, including standard homeowners’ insurance, condominium insurance, and tenant insurance for renters.

Additional riders or endorsements can be added to cover specific risks. Wawanesa emphasizes personalized service and advice through its extensive network of insurance brokers. Although its life insurance branch has a mobile app for submitting health, dental, drug, and paramedical claims, it does not have a mobile app for home insurance claims.

7.2 Company Overview – Wawanesa Home Insurance Canada

Wawanesa Insurance is a Canadian mutual insurance firm, one of Canada’s ten largest property and casualty insurers. Headquartered in Wawanesa, Manitoba, the company has regional offices across Canada and operates in California and Oregon. As of 2020, it has assets of over $11.3 billion and over two million policies in force. Wawanesa Insurance and its subsidiaries form The Wawanesa Group of Companies.

Industry	General insurance
Founded	September 25, 1896; 127 years ago, in Wawanesa, Manitoba
Founder	Alonzo Fowler Kempton
Headquarters	191 Broadway,  Winnipeg, Manitoba Canada
Services	Property Insurance Auto Insurance Life Insurance

7.3 Products & Services – Wawanesa Home Insurance Canada

Plans that encompass buildings (home, garage, sheds), contents, and loss of use are

1. Basic
2. Broad
3. Comprehensive

 There are options for additional coverage in every plan.

7.4 Contact Details – Wawanesa Home Insurance Canada

You can contact company through,

Phone Number	800- 665-2778
Address	400-1985 West Broadway Vancouver, British Columbia V6J 4Y3
Email	[email protected]
Official Website	https://www.wawanesa.com/

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8. Surex – Canada

8.1 Review – Surex Canada

Surex is an internet insurance broker with a focus on Canada that helps renters and homeowners compare insurance prices. You may compare many affordable insurance quotes that suit your needs in a matter of minutes.

Visit Surex’s website, answer a few questions, then go through a ton of insurance quotations if you want to use their services. Once the perfect insurance has been identified, the transaction may be finished right there on the Surex platform. When it comes to Canadians wishing to get house insurance online, Surex is a wonderful option overall.

8.2 Company Overview – Surex Canada

Lance Miller and Matt Alston, business owners from Magrath, Alberta, bought Miller’s father’s insurance brokerage in 2005. They aimed to provide an exceptional customer experience, as banks were restructured and financial institutions sought to enter the insurance industry.

They initially planned to expand by acquiring other brokerages but saw the opportunity to become an online insurance provider. Surex, launched in 2012, was bootstrapped by Miller and Alston and reinvested profits back into the company. Today, Surex is Canada’s fastest-growing online insurance provider. The partnership aimed to provide a better customer experience and scale the business while still operating from Magrath.

8.3 Products & Services – Surex Canada

Home Insurance services offered by the company are,

1. Home Insurance
2. Liability Coverage
3. Deductible
4. Sewer Backup, Overland/Ground Water
5. Claims Forgiveness
6. Scheduled Items
7. Comprehensive Insurance Coverage
8. Broad Coverage

8.4 Contact Details – Surex Canada

You can contact company through,

Phone Number	1-855-242-6612
Address	6 South 1st Street W, Magrath, Alberta
Email	[email protected]
Official Website	https://www.surex.com/

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9. Apollo – Canada

9.1 Review – Apollo Canada

Apollo Insurance is a digital insurance broker that is leading the way in Canada. It uses cutting edge technology to make the process of purchasing insurance easier. Apollo offers house and auto insurance through its web platform, with a focus on rapid digital policy delivery for increased convenience.

Visit their website, select the insurance category you want, then provide some basic information to get started. Once you have a quotation that meets your needs, you may buy your insurance online. Bonus information: you may be able to save money by combining your vehicle and house insurance.

9.2 Company Overview – Apollo Canada

Online insurance services are offered by Apollo Insurance Solutions Ltd. The company provides services for professional, general, and errors & omissions liability insurance. Apollo Insurance Solutions provides services to the media, healthcare, finance, and other sectors. In Canada, Apollo Insurance Solutions provides customer service.

Industries	Commercial Insurance FinTech Insurance InsurTech
Founded Date	2018
Founders	David Dyck, Drew Green, Jeff McCann, Justin Hamade

9.3 Products & Services – Apollo Canada

Home insurance is a popular type of policy that may cover more than you realize. It protects you from the worst-case scenario and is a small price to pay for peace of mind. The best case scenario is never using it, but the peace of mind is worth every penny. Check with your insurance provider to ensure you understand your policy’s specifics.

1. Fire Damage
2. Identity Theft
3. Working From Home

9.4 Contact Details – Apollo Canada

You can contact company through,

Phone Number	866- 517-9020
Address	111 Water St #210, Vancouver, BC V6B 1A7, Canada
Email
Official Website	https://apollocover.com/contact-us

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10. Desjardins – Canada

10.1 Review – Desjardins Canada

Situated in Quebec One of the top suppliers of property and liability insurance is Desjardins General Insurance. For residents of Ontario and Quebec, it provides an all-risk home insurance package.

The most frequent losses (theft, fire, vandalism, damage to your property, etc.) are covered by its home insurance policy, along with liability coverage for property damage or bodily injury.

Through the Desjardins Insurance Home-Auto app, the insurer also makes it simple to manage your insurance at any time and from any location. You may register a claim, check your insurance paperwork, and change your payment choices using it.

10.2 Company Overview – Desjardins Canada

The Desjardins Group, founded in 1900 by Alphonse Desjardins, is the largest federation of credit unions in North America. It consists of 293 local credit unions serving over seven million members and clients. The group also operates over twenty subsidiaries in insurance, real estate, venture capital, and brokerage. Desjardins is active in over 30 developing countries through technical assistance programs and investments.

10.3 Products & Services – Desjardins Canada

Coverages offered by the company are,

1. Liability
2. Fire, theft and vandalism
3. Dwelling
4. Accidental water damage
5. Tornadoes, lightning, freezing rain, hail and wind
6. Fire, smoke or explosion after an earthquake
7. Furniture and belongings
8. Detached private structures (garages, sheds, etc.)
9. Students away from premises

Optional coverages

1. Ground water and sewer backup
2. Flood
3. Optional
4. Rain, snow or sleet
5. Water service pipe breakage
6. Earthquake
7. Theft or vandalism during construction
8. Pool and hot tub
9. Home-based businesses and short-term rentals
10. Escape of fuel oil (heating oil)

10.4 Contact Details – Desjardins Canada

You can contact company through,

Phone Number	1-800-361-5121.
Address	6300, boulevard Guillaume-Couture Lévis (Québec) G6V 6P9
Contact Us Form	https://pservices.desjardins.com/apps/contact/index.html#/withus/infos;n=oberlin.duval.ghomsi;e=1;t=4
Official Website	https://www.desjardins.com/

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11. Allstate – Canada

11.1 Review – Allstate Canada

In AB, ON, QC, NB, and NS, Allstate offers property and liability insurance to Canadians. One of the several financial solutions it offers is house insurance designed to meet the demands of homeowners.

Liability coverage, personal property, detached private structures, and your house are all covered by an Allstate home insurance policy. In addition, it provides optional coverages for personal belongings, earthquake damage, and flood protection (not accessible everywhere).

11.2 Company Overview – Allstate Canada

Allstate Corporation, an American insurance provider, has its main office in Glenview, Illinois, and has been in Northbrook since 2022. Established in 1931 as a division of Sears, Roebuck and Co., it has been partially owned by Sears until 1995. With a total sales of $39.8 billion in 2018, Allstate is 79th on the 2019 Fortune 500 list.

Industry	Insurance
Founded	April 17, 1931; 92 years ago[1]
Headquarters	Northbrook, Illinois, U.S.

11.3 Products & Services – Allstate Canada

Coverages offered by the company are,

1. Coverage for your dwelling
2. Detached private structures
3. Liability coverage
4. Personal property

11.4 Contact Details – Allstate Canada

You can contact company through,

Phone Number	1-800-255-7828
Address	27 Allstate Parkway, Suite 100, Markham, Ontario L3R 5P8, Canada
Email	[email protected].
Official Website	https://www.allstate.ca

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12. FAQs – Home Insurance Canada

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13. Conclusion – Home Insurance Companies Canada

In conclusion, for Canadian homeowners looking for full protection, selecting the best house insurance provider is essential. There are several respectable insurance companies in the Canadian market that place policyholders’ general wellbeing ahead of the protection of their own property and buildings. These businesses provide a range of solutions catered to different needs, from liability protection to coverage against natural catastrophes.

The top house insurance providers in Canada always exhibit dependability, affordable rates, and a dedication to client happiness as the market changes. In the end, homeowners can calmly handle the risks that come with property ownership by investing in a reputable house insurance company, knowing that their homes and priceless valuables are well-covered.

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