InsuranceHotline.com’s home insurance calculator is an online tool that lets you view home insurance rates from 50+ leading providers in Canada.
You can access the home insurance calculator from just about anywhere on our website, including this page. Just pick your insurance type – homeowner, condo or tenant – then enter your postal code, and you’ll access the calculator. From there, all you need to do is put in a few details about yourself and access your very own customized quotes.
If you’re unsure about using our home insurance calculator, here are a few reasons that might convince you:
Get multiple home insurance quotes in the time it takes to get just one
Answer a few quick questions about yourself and your home.
Compare home insurance coverage and quotes from 50+ insurance companies.
Pick the home insurance policy and company that's right for you.
To make use of our home insurance calculator, all you need are an operational computing device, such as a desktop, laptop, tablet or smartphone, your fingers and thumbs and basic reading comprehension.
With those in your possession, here are the exact steps you need to take once you've entered your postal code:
Enter the property’s address. To make this even easier, our system will offer to autocomplete the field once you type in the first few characters.
Tell us your first name, date of birth of the eldest applicant, who occupies the residence, when you moved into it and when you would like your policy to start.
If you have an active home insurance policy, you can specify how long you’ve had insurance, how long you’ve been with your current provider, the number of claims in the last five years and the number of cancellations due to non-payment. For past home insurance policies only, you just get to specify the number of claims in the last five years and the number of cancellations due to non-payment.
If you’d like to get a discount on your policy, be sure to answer a few questions about your property, occupants and insurance preferences. This includes letting us know whether you’re open to bundling your home insurance with other policies, such as your auto insurance policy.
Provide your email address and get your free home insurance quotes from 50+ providers in our partner network.
Despite our best efforts, there are factors affecting your home insurance rates that are beyond our control. However, some of them might be within your control. Here's what they are:
Find answers to all your questions about our home insurance calculator here.
The average cost of home insurance in Canada ranges from about $800 to $2,000 per year. According to the 2022 RATESDOTCA Home Insuramap data, the average annual home insurance premium in Ontario is $1,487, while in Alberta, it is $2,339.
Home insurance rates have seen some significant increases in the last few years. One of the biggest driving factors behind this is climate change, which has led to a higher number of natural disasters, such as floods, tornadoes and wildfires. The increased prevalence of windstorms and severe winter weather has also played a role in increasing the premiums.
You can calculate your home insurance here on InsuranceHotline.com by using our home insurance calculator. Just enter a few details about yourself and your property, and you should start seeing results immediately.
Note that since each insurer has their own method for calculating insurance rates, there is no definitive way of determining your specific insurance premium without going through an insurance agency, insurance brokerage or insurance comparison website like ours. Any numbers outside of that, including those from the RATESDOTCA Insuramap, are estimates, not actual premiums.
If you’re looking to lower your home insurance premium, there are several steps you can take, including the following:
A home insurance deductible is the amount you’re willing to pay out of pocket when filing a claim. This lets you share the risk of insuring your home with your provider. For instance, if your home suffers $4,000 worth of damages, and your deductible is $1,000, then your insurer will cover you for $3,000. The rest will come out of your pocket.
Thus, the higher the deductible, the lower the premiums. On the flipside, this also means higher upfront expenses.
The amount you set for your deductible will depend on how much risk you’re willing to take on and how much you’d like to pay in premiums. While a higher deductible can lead to a premium discount, it may not always be the right course of action, especially if you aren’t prepared to pay out of pocket.
Since insurance premiums are based on your specific circumstances, you should consult with your insurance agent or broker to determine what deductible is right for you.