Who do you use for home insurance In Canada?

Insurance Forum Homeowners Insurance
1

I’ve been comparing quotes from different home insurance providers. So far, TD Insurance offers the lowest rate by a big margin:

  • TD Insurance: ~$110/month for a detached house.
  • Intact: ~$175/month.
  • Square One Insurance: ~$175/month.

I kept the coverage as similar as possible for all three. Is it strange that TD’s rate is so much lower than the others?

2

I’m with Belairdirect. They’ve been the cheapest for me so far.

3

I’ve been with TD for years. Every time I compare quotes, TD still comes out with the best rates for me.

4

Are you part of an affinity group? TD often offers better pricing for people in affiliate groups because of their claims history.

5

Sonnet has been a good option for me.

6

What are your policy details? I found Square One to have the cheapest standalone policy and Intact to have the best combo deal (15–20% off with auto). For some reason, TD’s rates were sky-high for me. I ended up with Intact because I bundled home and auto—home insurance only cost me $12 more a month with 4x the coverage.

7

@Rory
We bundle with Intact for both home and auto. They actually reduced our rates by almost $100 this year. I used a broker to find the best deal—sounds like others here went straight to the providers.

8

@Timber
That makes sense. Intact is only available through brokers, but I got standalone quotes for the others. Bundling definitely made the most sense for us.

9

I’m also with Belairdirect.

10

I use Chubb. It’s $276/month for home insurance, but I also have my cars insured with them.

11

I’ve been with TD for years, but their rates have gone up recently—about 30% higher for both home and auto. I’m looking to switch providers.

12

I’m with Desjardins.

13

I’m with Pembridge.

14

Case said:
I’m with Pembridge.

I’d avoid Pembridge. As a broker, I deal with them daily, and they’re one of the worst insurers in Canada. Claims handling is a nightmare.

15

Harley said:

Case said:
I’m with Pembridge.

I’d avoid Pembridge. As a broker, I deal with them daily, and they’re one of the worst insurers in Canada. Claims handling is a nightmare.

I agree. I had Pembridge before switching to Intact, and the difference in service during claims is night and day.

16

Harley said:

Case said:
I’m with Pembridge.

I’d avoid Pembridge. As a broker, I deal with them daily, and they’re one of the worst insurers in Canada. Claims handling is a nightmare.

Thanks for the heads-up. I got my policy through Kanetix. Maybe I need a new broker too.

17

Case said:
I’m with Pembridge.

I had a bad experience with Pembridge too. I switched to Sonnet and later Onlia—both were better and cheaper.

18

Try Sonnet. They were the cheapest for me.

19

We bundle home and auto with TD. We pay about $2k annually for auto and $1.2k for the house.

20

I went with Onlia. It’s a newer provider I haven’t seen many people mention.