Home insurance - How much do you pay? Who are you with?

Aug 21st, 2015 2:45 am

#1

flatblack [OP]: Newbie; May 6, 2014; 95 posts; 5 upvotes

Aug 21st, 2015 2:45 am

Home insurance - How much do you pay? Who are you with?

Home insurance - How much do you pay? Who are you with?

I guess it depends on coverage and value of your stuff. Was told $40/month is the common rate (for a small condo or townhouse).

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Aug 21st, 2015 2:48 am

#2

fuelmizercowboy: Deal Addict; Jan 13, 2012; 1110 posts; 48 upvotes; Sudbury

Aug 21st, 2015 2:48 am

My rental is about $1900 per year. Our family home is about $1200. With Intact for both, not the very cheapest, but their service is second to none, and I am willing to pay for it.

Aug 21st, 2015 4:43 am

#3

CalmThatCat: Member; Apr 16, 2012; 232 posts; 66 upvotes; London

Aug 21st, 2015 4:43 am

We pay $75/m with TD Meloche, that's for fairly average coverage and we added sewer backup due to the age of the house.

Aug 21st, 2015 5:53 am

#4

ipxxx: Deal Addict; Apr 13, 2006; 4206 posts; 264 upvotes

Aug 21st, 2015 5:53 am

Similar thread here: home-insurance-rates-jacked-up-1659123/

Might be more

Aug 21st, 2015 8:07 am

#5

mpt: Deal Addict; Nov 9, 2003; 2689 posts; 278 upvotes

Aug 21st, 2015 8:07 am

500 a year through an insurance broker

Aug 21st, 2015 9:54 am

#6

esoxhntr: Deal Addict; May 17, 2012; 2377 posts; 1099 upvotes; ontario

Aug 21st, 2015 9:54 am

about 1100 / yr for our family home

it'll vary a bit, and you pay a premium if you have a wood burner in the house (like we do) & some insurers won't touch you.

Aug 21st, 2015 9:59 am

#7

RFD6482: Deal Addict; Jul 23, 2014; 1190 posts; 364 upvotes; Toronto, ON

Aug 21st, 2015 9:59 am

fuelmizercowboy wrote: ↑My rental is about $1900 per year. Our family home is about $1200. With Intact for both, not the very cheapest, but their service is second to none, and I am willing to pay for it.

+1 for Intact, we have all our cars + home insurance with them.

we pay around $80/m (with car/home/other stuff discounts applied) but hard to say since the house itself has many variables and also what your coverage is will affect the price.

Aug 21st, 2015 10:07 am

#8

wserib: Member; May 21, 2014; 418 posts; 59 upvotes; Toronto, ON

Aug 21st, 2015 10:07 am

+2 for intact. You can get tons of discounts and customize your package. They are equivalent to Bell without the price gouging. Not as cheap as the smaller companies but worth it due to their service, packages and reputation. You can go the cheap route for tv or internet but insurance is much more serious so go with the best.

If you live in a city a townhome would be about 800 to 1000 for a basic package which in itself is still very comprehensive. A car would be about the same range depending on age and model.

Aug 21st, 2015 11:12 am

#9

jobmine: Newbie; Mar 27, 2012; 79 posts; 38 upvotes; Vancouver

Aug 21st, 2015 11:12 am

$42/m TD Meloche employee rate average coverage

Aug 21st, 2015 11:51 am

#10

riBanz: Jr. Member; Sep 11, 2011; 176 posts; 41 upvotes; RICHMOND HILL

Aug 21st, 2015 11:51 am

wozent wrote: ↑$42/m TD Meloche employee rate average coverage

I'm around the same I pay annual with Belair and if I remember correctly it was just over $500 for the year. TD did offer me $26 a month.

Aug 21st, 2015 1:00 pm

#11

fisher44: Sr. Member; Aug 6, 2014; 830 posts; 295 upvotes; Ottawa, ON

Aug 21st, 2015 1:00 pm

about $90/month for a small detached house (about 2100 sq ft including finished basement). with johnson insurance. was told if we insure a car as well with johnson, the rate will drop to about $60/month.

Aug 21st, 2015 1:22 pm

#12

rage2021: Deal Addict; Dec 25, 2007; 1140 posts; 368 upvotes

Aug 21st, 2015 1:22 pm

Just on a side note if i have a kitchen in the basement do they care? Will I need to disclose that and will premium be higher?

Aug 21st, 2015 1:41 pm

#13

gennif: Member; Nov 10, 2009; 427 posts; 32 upvotes; Hamilton

Aug 21st, 2015 1:41 pm

TD Insurance $1681 for 2 bedroom house

Dame Edna: I think of a talk show as... well... a monologue interrupted by total strangers.

Aug 21st, 2015 1:56 pm

#14

anastasia1009: Sr. Member; Sep 24, 2006; 602 posts; 61 upvotes; Guelph, On

Aug 21st, 2015 1:56 pm

TD $21 a month but have auto insurance plus U of Guelph rate.

Aug 21st, 2015 2:29 pm

#15

rob444: Deal Addict; Jan 2, 2012; 3942 posts; 1808 upvotes; Toronto

Aug 21st, 2015 2:29 pm

I pay $21.50 per month with Meloche Monnex, for a condo-townhouse. Also bundled with my car insurance.
Of course with any condo some aspects of home insurance are already included with the monthly maintenance fee you pay.

Aug 21st, 2015 6:56 pm

#16

neilc6: Jr. Member; Jan 3, 2015; 154 posts; 109 upvotes; Delta, BC

Aug 21st, 2015 6:56 pm

Canadian Direct for detached house. $784 (monitored alarm, no earthquake) $1218 (monitored alarm with earthquake) $1845 (no alarm with earthquake - last year) I got an online quote with BCAA and it was more. Also have discount having auto insurance with them. I bought an alarm on ebay, installed it myself and use The Monitoring Center for $10/month. Also got some discounts reviewing my policy - had updated my furnace and water heater which wasn't factored in my policy.

Aug 21st, 2015 8:39 pm

#17

PC_YYZ: Member; Dec 7, 2006; 462 posts; 95 upvotes; Toronto

Aug 21st, 2015 8:39 pm

flatblack wrote: ↑Home insurance - How much do you pay? Who are you with?

I guess it depends on coverage and value of your stuff. Was told $40/month is the common rate (for a small condo or townhouse).

About $1300 a year with Meloche Monnex. I found that they have pretty good rates for Western grads. House is semi-detached, downtown Toronto, built in 1880s.

Aug 30th, 2015 11:33 pm

#18

flatblack [OP]: Newbie; May 6, 2014; 95 posts; 5 upvotes

Aug 30th, 2015 11:33 pm

rob444 wrote: ↑I pay $21.50 per month with Meloche Monnex, for a condo-townhouse. Also bundled with my car insurance.
Of course with any condo some aspects of home insurance are already included with the monthly maintenance fee you pay.

Hi, Could you pls give me some examples?