One of the most asked questions when it comes to home insurance in Ontario is the cost. What is the average cost of home insurance in Ontario? After all, home insurance is not a mandatory purchase, and many of us want to keep tight to a budget – especially if we are new parents only just navigating the financial obligations that come with raising a family.
There are many variables that impact the cost of your home insurance, such as your claims history, the risk of crime, and the square footage of your home. This means that there is no “single” cost for home insurance in Ontario. Everyone will pay a different amount. Using various statistics and city averages, we can give you some estimates and ranges on the average cost of home insurance in the province.
All in all, the best way to figure out how much your home insurance will cost you is to request a quote! You can do so today by going to Excalibur’s virtual form.