Home Insurance Estimator
Estimate your Canadian home insurance premium based on home value, type, province, and deductible.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
$
Estimated Annual Premium
$252.00
$21.00/month
Monthly Premium
$21.00
Daily Cost
$0.69
Rate per $1,000
$0.42
Of home value
Deductible
$1,000.00
Per claim
Frequently Asked Questions
What does home insurance cover?
Standard policies cover dwelling, personal property, liability, and additional living expenses. Floods and earthquakes often require separate riders.
How can I lower my premium?
Increase your deductible, bundle with auto insurance, install security systems, upgrade wiring/plumbing, and maintain a claims-free history.
Is home insurance mandatory in Canada?
Not legally required, but mortgage lenders require it as a condition of the loan.
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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