Get Cheap Home Insurance in Hamilton

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How home insurance in Hamilton works

You’ve bought your home and now you want to protect it with insurance.

Although home insurance is not mandatory by law, most lenders will require it to secure a mortgage. It’s important to lenders that you have certain types of home insurance coverage because, although you are the insured, any loss or damage to the property will affect the property's fair market value if not repaired.

At closing, proof of home insurance is provided to your lawyer. Inadequate insurance or lack of insurance can cause headaches and delay closing until your lender is satisfied.

Getting the insurance coverage you need is simple with InsuranceHotline.com. Just provide a few basic bits of information about your home, your neighbourhood, and your coverage goals, and InsuranceHotline.com will have quotes for you from a variety of brokers and agencies.

Those looking for home insurance quotes in Hamilton should first consider what protection a policy offers. Regardless of policy type, most cover the following:

  • Contents: Protects the homeowner’s belongings if they’re damaged by a covered peril. Expensive items such as specialty sports equipment, jewelry, fine art or a wine collection may require additional protection in the form of a ‘rider' added to the policy.
  • Property: Protects the home and surrounding buildings, such as the garage, if they’re damaged by a covered peril.
  • Liability: Protects the homeowner if they’re sued by someone who is injured while visiting the home; also, protects the homeowner if they unintentionally damage someone else’s property.
  • Additional living expenses: Provides coverage for expenses the homeowner assumes after being forced to leave the home due to a covered peril. For example, it covers the cost of a hotel stay and food while away from the home.

There are generally three types of home insurance policies:

  • Basic: Sometimes referred to as a ‘named perils’ policy because it offers protection against perils that are named in the policy. This is the most minimal coverage available.
  • Broad: Also known as a ‘standard’ policy, it insures the home against all risks and insures personal property against named perils.
  • Comprehensive: This is often called ‘all perils’ policy because it protects the home and its contents against all perils except any name as exclusions.

Additional coverage

Since no single policy provides coverage for every peril, many homeowners prefer to add coverage for more protection than policies provide out-of-the-box. These are considered optional coverage or add-ons. They may also sometimes be called ‘endorsements.’ Some of the most popular include:

  • Earthquake: Covers the home and its contents following damage from earth movement. An earthquake endorsement also protects against damage from landslides, snowslides and volcanic eruptions — none of which are relevant to Hamilton homeowners.
  • Home-based business: Enhances the property limits and perils covered in a policy so that the homeowner with a home-based business can have adequate property and liability coverage. A computer floater can be added to the policy when only a computer needs to be protected.

  • Identity theft: Covers the cost of replacing stolen personal documents such as a driver's licence and passport. It may also cover wages lost while away from work to replace documents.
  • Overland water: This covers the cost of damage from water that overflows from a nearby waterway, such as a lake or river. Insurance providers distinguish different types of flooding, one of which is overland flooding.
  • Sewer backup: Protects the home against damage from water that enters the home through an overflowing drain or toilet. Many Hamilton homeowners may have experienced this type of flooding in 2013 and again in 2022.

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How much is home insurance on average in Hamilton?

Hamilton is close to the GTA, with the QEW and other 400-series highways running through it. The city is relatively congested with lots of industry surrounding it. However, it is still a medium-sized city with a lower risk profile than larger cities in the province

The average home insurance premium in Hamilton is $1,551 per year, which is slightly higher than the provincial premium average of $1,487.

Compared to other cities in Ontario, Hamilton falls in the middle range of insurance premiums. To illustrate, the town of LaSalle has the most expensive average premium at $2,411 per year, while Stouffville has the lowest at $1,104.

Hamilton home insurance rate by postal codes

Hamilton is an industrial yet rapidly gentrifying city. Because of its relative affordability compared to Toronto, many commuters move out to Hamilton to be able to buy homes. The homes, as a result, are mixed from lower-income neighbourhoods to more affluent neighbourhoods, which can be reflected in the various home insurance rates in the city.

Postal code Avg. 2022 premium
L8H $1,621
L8K $1,603
L8L $1,603
L8M $1,531
L8N $1,669
L8P $1,610
L8R $1,342
L8S $1,427
L8T $1,669
L8V $1,632
L8W $1,621
L9A $1,518
L9B $1,300
L9C $1,601

Compare Hamilton home insurance against other cities in Ontario

Hamilton is a relatively inexpensive place for home insurance compared to other areas within Ontario. The highest premium for insurance in Ontario comes at $2,411 — 55% higher than it is to insure a home in Hamilton ($1,551 per year).

Hamilton home insurance will fluctuate depending on the home you are insuring, its contents, threat of risks and location. It’s best to check rate comparison sites like InsuranceHotline.com for Hamilton insurance quotes to see what works best in your neighbourhood and your home.

City Average 2022 premium Difference from Hamilton average (%)
LaSalle $2,411 +55%
Windsor $2,139 +38%
Hearst $2,046 +32%
Foleyet $2,046 +32%
South Porcupine $2,046 +32%
Keewatin $2,033 +31%
Fort Frances $2,023 +30%
Val Caron $2,005 +29%
Elliot Lake $2,005 +29%
Kapuskasing $2,005 +29%
Hamilton $1,551 --

Factors that determine your Hamilton home insurance premium


Finding cheap Hamilton home insurance depends on several factors, including the location, construction details and the home’s age.

Hamilton home insurance rates can fluctuate based on risk factors such as your home’s age, location and basic construction.

More specifically, Hamilton home insurance companies will want to look at the following when providing you a quote:

  • Condition of roof: A solid, well-maintained roof will lower damage risks and could reduce premiums. (However, the roof is the condo corporation’s responsibility if you live in a condominium.)
  • Construction: Newer construction that is up to code will be considered lower risk.
  • Past renovations: These could indicate problems with the house, which insurers will want to know about.
  • Claims history: Past claim history could indicate problems with the home and raise premiums.
  • Credit score: From the provider's point of view, people with better credit scores are less risky to insure.
  • Special uses: For example, if you have a business running out of your home.
  • Pool and other accessory dwellings: A shed, back deck or laneway suite, for example, could add risks to your home for which you would likely have to pay a higher premium.

Top Hamilton home insurance companies

Company name Company type Phone Address
Acumen Insurance Group Insurance broker 905-525-3000 845 Upper James St suite 222, Hamilton, ON L9C 3A3
Allstate Insurance Insurance agency 289-769-1002 1508 Upper James St #226, Hamilton, ON L9B 1K3
ALFA Insurance Brokers Insurance agency 905-548-9566 1508 Upper James St #226, Hamilton, ON L9B 1K3
Broker Link Insurance agency 905-548-6886 78 Queenston Rd, Hamilton, ON L8K 6R6
Co-operators Insurance agency 905-575-3666 54 Rymal Rd E, Hamilton, ON L9B 1C1
InsuranceHotline.com Quotes comparison 1-855-821-7312 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
LowestRates.ca Quotes comparison 1-855-487-6911 1910 Yonge St. Suite 401, Toronto, ON M4S 3B
Mitchell & Abbott Group Insurance Brokers Insurance broker 905-385-63-83 2000 Garth St, Hamilton, ON L9B 0C1
RATESDOTCA Quotes comparison 1-844-726-0907 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
Scoop Insurance Insurance broker 1-866-456-6620 300 Lincoln St. Unit 22, Welland, ON L3B 4N4

Why use InsuranceHotline.com to compare home insurance quotes online?

InsuranceHotline.com is the easiest and fastest way to find cheap Hamilton home insurance. We can:

  • Save you money: On average shoppers save 20% on Ontario home insurance comparing quotes with us.*
  • Save time: In just a few minutes you can compare quotes from more than 50 insurers.
  • It’s free: There’s no catch or fine print; our service is absolutely free for you to use.
  • It’s quick and easy: You’re just a few quick questions away from your custom quote.
  • Your information is safe: Your details are secure. Look for a locked padlock in your browser as well as https.
  • We respect your privacy: Your privacy is important to us. We never share your details without your consent.

*Shoppers in Ontario who obtained a quote on InsuranceHotline.com from January to December 2021 saved an average of 20%. The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third-lowest quoted premiums generated by InsuranceHotline.com.

Frequently asked questions about home insurance in Hamilton

How can I find the cheapest home insurance quote in Hamilton?

Compare quotes

Saving on home insurance in Hamilton begins with using comparison sites like InsuranceHotline.com. We work with home insurance providers in Hamilton to find your best quotes. By comparing Hamilton home insurance quotes from several insurance providers in a single place, you can instantly assess the market and find the best policy to protect your home.

Buy home and auto coverage from the same provider

Other ways to save on Hamilton home insurance are to bundle your home insurance policy with your other auto insurance, for example. Agencies will give cheaper rates to customers who use them for more than one service.

Increase your deductibles 

Increasing the deductible can also help save on upfront costs (however it means you pay out-of-pocket for some of your damaged property should a claim be made). If the cost of repairs is close to the amount of your deductible, it’s better to not file a claim at all as it may increase your premiums.

Consider getting an alarm system

Installing a high-level safety and security system in your home could also help reduce the cost of insurance as risks are lowered with greater security (and safety features).

What kind of risks do Hamilton homeowners face?

Hamilton homeowners are as vulnerable to flooding as other Canadians, particularly as severe weather becomes more common across the country.

Residents with homes near Lake Ontario or any of the tributaries that feed into it should ensure their homes are protected in the event of flooding, even though there is not a long history of flooding in Hamilton.

For optimal protection, consider getting a comprehensive home insurance policy with additional coverage for flooding.

If you're using our free online quote tool to compare rates from the best providers in Canada, consider opting for a 'water protection package,' which is how some insurance carriers describe one of their flood protection options. A package is most likely to offer protection that's most relevant to your area.

Crime can also play into what risks homeowners face. The most recent Statistics Canada stats show that there were 2,639 property crimes per 100,000 population reported by police in Hamilton in 2018, which was higher than the Ontario (2,621).

Do I need to update my Hamilton home insurance provider if I am running a short-term rental on Airbnb or Vrbo?

Yes. If you plan on renting out your primary home on a short-term basis, you should talk to your primary home insurance provider before you do since your home insurance policy probably doesn't cover any damage inflicted by Airbnb or Vrbo guests. Even worse, renting out your house without giving your insurer a heads-up may even void your policy — which will negatively affect your chances of getting insurance from another company.

Home-sharing apps offer some insurance for hosts, and a select number of insurance companies offer endorsements you can add to your base policy that will enable you to rent out your home for short-term stays with peace of mind. 

How can I file a home insurance claim in Hamilton?

If you decide to make a home insurance claim in Hamilton, contact your insurance agent, broker or company as soon as possible. Most insurance companies have time limits within which you must submit your claim. The limit usually varies from 90 days to 12 months from the date of the loss or event. Check your policy’s terms and conditions for the time limit.

Also, keep a record of all damaged items by taking photos and or receipts of items, if you have them. This will help the insurance company with their investigation and provide evidence of your lost belongings to them.