Average Home Insurance Cost Ontario. Ontario homeowners pay on average 780 year in home insurance costs. The average homeowner s insurance rate in ontario.
On average ontario residents spend roughly 1 200 each year or 100 per month on home insurance. What is the average home insurance cost in ontario. There are multiple factors that determine your average home insurance cost in ontario from location and your home s rebuild costs to home construction materials and proximity of sprinklers.
Also such aspects as old house elements or recent renovations are considered when determining your home insurance rates.
If you have the cheapest home valued under 100k though that is not easy to find any more your average home insurance costs start at 45 month. However depending on your home value and location you can expect to pay anywhere from 700 to 2000 or more annually for house insurance. Square one offers the only policy in north america that can be personalized to your individual needs. We show average home rates for three other common coverage levels at the end of this article.