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Written By Joel Kranc

Contributing writer

Updated February 22, 2024

Home insurance in Ajax 

Owning a home in Ajax is an important responsibility you don't want to take lightly. And while home insurance in Ajax (or any part of Ontario) is not mandatory, most mortgage or financial lenders will not provide a mortgage without home insurance. As a result, it's difficult to avoid.

But you wouldn't want to avoid it even if you could. Why? Home insurance in Ajax protects your possessions and you. First, your home is likely your most significant investment and asset. Should something happen to it, either by weather-related or other named perils in your policy, you would be financially protected from loss.

Severe weather and climate change events are causing financial chaos for Canadians. The Insurance Bureau of Canada says insured damage for extreme weather events reached $3.1 billion nationally in 2022. That ranks as the third-worst year for insured losses in Canadian history. Having enough home insurance is more important than ever.

Finally, injury or personal liability protection is also usually covered. It protects you from lawsuits or financial loss resulting from such events.



Types of home insurance in Ajax 

These are the most common types of home insurance coverage in Ajax.

Home insurance coverage

  • Property and building: This coverage protects the structures on your property from damage from theft, vandalism, fire and water damage. Additional structures on your property may require additional insurance, so be sure to discuss this with your Ajax home insurance agent or broker.
  • Contents and personal property: This coverage protects your possessions from theft or damage. More expensive items, like fine art or jewelry, may require additional coverage, known as riders or endorsements.
  • Additional living expenses: Ajax home insurance will also pay for living expenses if you are temporarily displaced from your home. Displacement can occur when you're forcibly evacuated, or your home suffers extensive damage and needs repair. Temporary lodging and food are included but speak to your insurance provider about your policy's limits.

Liability coverage 

  • Personal liability: Ajax home insurance will cover you should someone get accidentally injured on your property.
  • Voluntary medical payments: If someone is injured on your property or you accidentally injure someone, this coverage pays for medical expenses for one year from the date of the accident.
  • Voluntary property damage: Accidents happen, even off your property. If you or a minor (12 years or under) within your care causes unintentional damage to someone else's property, this will help pay for losses incurred.


Add-ons to home insurance coverage in Ajax  

Ajax home insurance companies will offer additional coverages you can purchase to further protect your home and the contents within.

These are some of the most common home insurance add-ons, also known as riders, that you can add to your home insurance policy:

  • Overland water: This can protect you from water damage caused by thawing snow, flooding rivers or nearby water, lakes and streams.
  • Sewer back-up: This is coverage for main sewer back-ups.
  • Earthquake: Damages caused by earthquakes are protected with this coverage.
  • Mass evacuation: This can happen with severe flooding or wildfires. Should you be ordered to evacuate your home, this would cover living expenses temporarily.
  • Identity theft: This will cover you if important documents such as your passport are stolen, and you need to replace them.
  • Lock replacement: This add-on would cover the cost if your lock is broken and needs replacing.

Recent Ajax home insurance quotes

Recent Home Insurance Quote from Ajax, ON
Detached 2,593 sq ft
March 04, 2024
Cheapest Quote
$ 125 / month
$1,500 / year
Average Quote
$ 241 / month
$2,892 / year
Savings
$ 116 / month
$1,392 / year
or
48.00 %
Recent Home Insurance Quote from Ajax, ON
Detached 2,248 sq ft
March 01, 2024
Cheapest Quote
$ 105 / month
$1,260 / year
Average Quote
$ 187 / month
$2,244 / year
Savings
$ 82 / month
$984 / year
or
44.00 %
Recent Home Insurance Quote from Ajax, ON
Semi-detached 1,164 sq ft
March 01, 2024
Cheapest Quote
$ 123 / month
$1,476 / year
Average Quote
$ 272 / month
$3,264 / year
Savings
$ 149 / month
$1,788 / year
or
55.00 %
Home insurance quotes are compared from Apollo Insurance, CAA, Economical Insurance, Pembridge, Square One Insurance, and SGI

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What types of risks do homeowners face in Ajax?

There aren’t any major differences in standard home insurance policies throughout Canada, but each region will have unique features that affect the cost of insurance.

In Ajax, these factors include:

  • Freezing temperatures. Winter temperatures below the freezing mark can cause pipes to burst and damage plumbing and your home’s structure.
  • Snow and water damage. Ajax gets its fair share of snow and is located near the Lower Carruthers flood vulnerable cluster (FVC), which can flood areas in the Ajax and Pickering areas.
  • Sewage pipe backup. Sewers can back up and/or get clogged, damaging your home.
  • Raccoons and rodents. Many parts of the Greater Toronto Area (GTA) have problems with raccoons and other rodents. They can get into roofs, damage shingles or insulation, or cut through wires. Talk to your insurance provider about these sorts of damage issues.

Most home insurance providers in Ajax will cover your personal belongings (appliances, furniture and some electronics) and protect you from personal liability if you’re sued by someone injured on your property.

Certain perils are also covered by standard insurance policies, including:

  • Fire
  • Lightning
  • Water damage
  • Wind
  • Aircraft or vehicle impact
  • Explosion
  • Smoke (caused by cooking devices or heaters, but not fireplaces)
  • Theft and vandalism (such as broken windows)
  • Falling objects (except if caused by an earthquake, landslide or snowslide)

There are certain perils that standard Ajax home insurance policies won’t cover. You can opt for add-on protection for extra coverage, which is not part of your standard policy. It’s best to discuss your circumstances with your provider and see what if any, add-ons are needed. Examples of non-standard coverage include:

  • Renting all or part of your property to long- or short-term guests.
  • Injuries or damage caused either intentionally or by illegal activity.
  • Damage was caused because basic measures of protection and maintenance were not been taken.
  • Liability for clients or customers visiting a home-based business.
  • Natural disasters, such as earthquakes and landslides.
  • Certain water damage, such as sewer back-up and flooding from overland water.
  • Certain weather issues in winter, such as damage to the outside of your home caused by freezing and water damage (due to frozen or burst pipes).
  • Damage from insects and rodents.

How to get cheap home insurance in Ajax 

Home insurance in Ajax is cheaper than the provincial average, but there are things homeowners can try to find even more savings from their providers.

Here are a few examples of where you can save on Ajax home insurance:

  • Compare Ajax home insurance quotes. You can comparison shop other Ajax home insurance rates on sites like RATESDOTCA. It’s fast, easy and free to use.
  • Bundle multiple home insurance policies. Bundling multiple policies usually earns you a discount in the neighbourhood of 15%. Ajax home insurance providers will reward you for your loyalty and provide discounts from savings on administrative costs.
  • Go with a higher deductible. Higher deductibles mean you are willing to pay more out-of-pocket before claims are made. This reduces your risk to your Ajax home insurance provider and can further reduce your premiums.
  • Leverage discounts. Some Ajax home insurance providers offer discounts to members of associations, alumni groups or unions. Ask your provider if they have such discounts for you to take advantage of.
  • Reduce the likelihood of claims. Installing home security systems or adding strategic lighting, for example, can reduce the possibility of theft. A reduction in that risk will help reduce your rates.
  • Look for claims-forgiveness. Ajax home insurance providers look at your claims history as a risk factor. The more claims you make, the higher your premiums will be. But some insurance companies will forgive one claim, which can earn you substantial savings.
  • Pay for premiums annually. Paying for Ajax home insurance once per year saves your insurance company on the administrative costs of processing monthly payments. Those savings are often passed down to you.
  • Do a credit check. A good credit score generally means a lower risk and can lead to lower Ajax home insurance premiums. Allow a credit check to see if you qualify.
  • Understand your neighbourhood. Choosing a safe neighbourhood can help reduce your rates. If fewer claims come out of that area, you could also make fewer claims.
  • Assess your insurance needs. Before you take out insurance, understand how much you will need. Over-insuring and paying more for a service than you require is possible. Talk to your provider about your needs and where savings can occur.
  • Do you need add-ons? While standard insurance covers much of what you need, it may not. Speak with an insurance professional to ensure you only buy optional coverages that actually make sense for your situation.

How much does home insurance cost in Ajax? 

According to the RATESDOTCA Insuramap data, home insurance in Ajax in 2022 costs $1,068 per year or $89 per month.

It is one of the least expensive cities in Ontario to purchase home insurance and is more than 39% cheaper than the provincial average of $1,487 per year. The most expensive city in Ontario is LaSalle, with a premium of $2,411, more than 125% more expensive than Ajax and 62% more expensive than the provincial average.

Frequently asked questions about Ajax home insurance 

Have more questions about Ajax home insurance? We got you covered.

Why is home insurance in Ajax so expensive?

The average home insurance premium in Ajax is very affordable compared to other regions, according to the RATESDOTCA Home Insuramap. Homeowners pay, on average, $1,068 per year versus the most expensive in LaSalle at $2,411. That's 125% more.

Ajax also falls well below the provincial average of $1,487, which is 62% more expensive. Like anywhere, the possibility of a break-in or severe weather is never zero. But Ajax's low home insurance rates suggest insurers field fewer claims here than elsewhere.

Do high Ajax real estate prices affect the cost of home insurance?

Real estate prices indirectly affect the cost of home insurance rates in Ajax. Your home's square footage, age, and finishings are what will influence your premium since these will affect the cost of rebuilding or repairing your home. The cost of materials and labour are also factored in.

Home insurance providers also weigh other characteristics such as claims history, neighbourhood, personal risk factors (credit score and marital status, for example), personal effects, and any riders you purchase for additional coverage.

Which company offers the cheapest Ajax home insurance?

No one company offers the cheapest home insurance in Ajax. It depends on several factors and needs of the homeowner. You can start by assessing your insurance needs and comparing shopping on RATESDOTCA to see the top providers and their rates for your area.

How do I save on Ajax home insurance?

There are multiple ways to save on Ajax home insurance:

  • Comparison shop. Check out sites like RATESDOTCA to compare Ajax's cheapest home insurance rates. It only requires a few minutes to input your insurance needs, and voila, quotes from the top providers in seconds. And, of course, it's always free.
  • Bundling. Insurance providers in Ajax want your business. By bundling home, auto and life insurance under one provider, you can unlock discounts on all your insurance needs. Talk to your provider about their discount programs.
  • Increase security. A home alarm system and cameras can deter thieves from entering your home. Your insurance provider recognizes that and will reward you for risk reduction efforts.
  • Raise your deductible. Paying more upfront before claims kick in reduces you as a risk factor and helps reduce your insurance premiums.
  • Look for membership discounts. Some Ajax home insurance providers offer discounts to members of some associations, alumni groups or unions.
  • Pay premiums annually. Paying for your Ajax home insurance once a year saves administrative costs to your provider. Those savings are generally passed down to you.

*Shoppers in Ontario who obtained a home insurance quote on RATESDOTCA from January to December 2022 saved an average amount of $500. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by RATESDOTCA. Excludes tenant and condo insurance.

Joel Kranc ,
Writer

Joel Kranc is a freelance writer and content provider who has worked with RATESDOTCA since 2019. He holds an MA in political science from the University of Toronto and a film certificate from New York University.

He has been published in and worked for such companies as CNN, Rogers Media, Institutional Investor Magazine, The Globe and Mail, Infrastructure Investor, BenefitsPRO Magazine, Global Finance Magazine, With Intelligence, the CPP Investment Board, Hospitals of Ontario Pension Plan, and many more financial services and industry publications.

He is the author of "Retirement Planning in 8 Easy Steps," which, when released in 2015, was No. 11 on the Publisher's Weekly US Bestseller List for Business and Finance, beating out Mark Cuban's "How to Win at the Sport of Business."

Education
  • Master's of Political Science, University of Toronto
Featured in
  • Benefits Canada
  • Institutional Investor
  • Plan Sponsor Magazine
  • Global Finance Magazine
  • Infrastructure Investor
  • Private Equity Investor
  • The Globe and Mail
  • Fund Directions Newsletter
  • BenefitsPRO
  • HR Professional
  • Advisor's Edge
  • Institutional Investor
  • Employee Benefit Advisor
  • Investing in Infrastructure Magazine (i3)

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