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Home insurance in Hamilton
Home insurance in Hamilton helps homeowners feel secure by providing financial support if their property is damaged or lost. This coverage usually includes protection for your home’s structure, your personal belongings, and extra living expenses if you need to stay elsewhere due to a covered event.
Hamilton homeowners are typically covered against risks like fire, theft, windstorms, and some types of water damage. There are also options to add extra coverage for valuable items or unique needs, so you can tailor your policy to fit your situation.
Most home insurance policies in Hamilton also include liability coverage. This means you’re protected if someone gets hurt on your property or if there’s accidental damage to someone else’s property. It’s a way to help you handle the unexpected with a bit more peace of mind.
The cost of home insurance in Hamilton in 2025
Understanding the cost of home insurance is a key part of managing your household budget, especially if you live in Hamilton. In 2025, the average annual cost of home insurance in Hamilton is $1,615, which works out to about $135 per month.
Ranking 74th in Canada, Hamilton's rates are slightly above the Ontario provincial average of $1,565 annually. While the difference isn’t huge, local factors like housing prices, crime rates, and weather risks all contribute to shaping these rates.
Here is how Hamiltons average home insurance rates compare with other major cities in Ontario:
| City | Average Insurance Cost | Difference from Hamilton ($) | Difference from Hamilton (%) |
|---|---|---|---|
| Markham | $1,215 | -$400 | -24.8% |
| Brampton | $1,352 | -$263 | -16.3% |
| Ottawa | $1,448 | -$167 | -10.3% |
| Mississauga | $1,470 | -$145 | -9.0% |
| Toronto | $1,523 | -$92 | -5.7% |
| Hamilton | $1,615 | +$0 | 0% |
| London | $1,633 | +$18 | +1.1% |
| Ontario (Average) | $1,565 | -$45 | -3.1% |
Average home insurance in Hamilton by postal code
Home insurance costs in Hamilton can vary depending on your postal code. Different areas have unique factors that affect rates, like property values, crime levels, and potential risks such as flooding. For example, postal codes like L8P and L8S, which include areas with higher property values or older homes, may have higher premiums. Meanwhile, newer neighborhoods with lower crime rates, such as those in L8E, might find more affordable options.
Similarly, areas with higher risks of natural disasters, like L8H, which may be prone to flooding, can face increased rates. Knowing these differences can help you better plan and choose the right coverage for your needs. Exploring home insurance costs by postal code gives you a clearer idea of what to expect and helps you make informed decisions for your home and family.
Average home insurance rates by postal code in Hamilton (2025)
| Postal code | Avg home insurance premium |
|---|---|
L8E | $1,633 |
L8G | $1,488 |
L8H | $1,890 |
L8J | $1,892 |
L8K | $1,758 |
L8L | $1,550 |
L8M | $1,522 |
L8N | $1,720 |
L8P | $1,589 |
L8R | $1,573 |
L8S | $1,447 |
L8T | $1,665 |
L8V | $1,536 |
L8W | $1,649 |
L9A | $1,394 |
L9B | $1,376 |
L9C | $1,637 |
L9G | $1,502 |
L9H | $1,535 |
L9K | $1,420 |
The average cost of home insurance in Hamilton in 2025 is $1,615.
*Home Insuramap methodology
Rates.ca’s Home Insuramap is an interactive online map, which allows Ontario residents to see how their home, condo or tenant insurance rates compare to other parts of their city or province.
The estimated premiums for each Forward Sortation Area (FSA) are based on the average of the lowest three quoted premiums, with maximum available coverage for water protection. The premiums were acquired using a profile of a 45-year-old homeowner, who has been insured for at least 10 years and lives in a 2,500 sq ft detached house, built 40 years ago, with brick veneer, wood frame construction, natural gas heat, a 10-year-old roof and replacement cost of $500,000.
The city averages were calculated using the FSA premiums from the Insuramap data for each city. However, instead of equal weighting for each FSA within the city, we looked at the number of actual quotes from Rates.ca’s websites in Q1 2025 and used those as weights.
The Ontario average was taken using the average premium for each city weighted by the number of quotes in each city from Rates.ca’s websites in Q1 2025.
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How Rates.ca finds the best insurance in Hamilton
Rates.ca provides you with a broad selection of quotes by working with Hamilton home insurance companies and brokers. We quickly collect your information to generate the best offers from each of our partners. Our service is easy and free to use.
By comparing Hamilton home insurance quotes from several insurance providers in a single place, you can instantly assess the market and find the best policy to protect your property.
Frequently asked questions about Hamilton home insurance.
How much does home insurance cost in Hamilton?
The average cost of Hamilton home insurance for a RATESDOTCA users in 2020 was $1,273 per year, compared to the provincial average of $1,284.
Because each home insurance policy is unique to the property and its owner, the average price for a location should be considered more of a point of interest than a reliable indicator to set expectations by. Different factors, such as your home’s insured value and the neighbourhood in which it’s located, will determine the cost of your insurance.
Shopping around is the best way to save on Hamilton home insurance, and it allows you find a policy that fits your needs. Insurance companies use their own formula to assess risk, so each company will provide a different insurance quote.
Why does Hamilton home insurance cost less than the provincial average?
The average cost of home insurance in Hamilton is just under 1% cheaper than the provincial average. This is because Hamilton homes face risks common among many Ontario cities, such as freezing temperatures, flooding, sewage pipe backup and windstorm damage.
Which company offers the cheapest Hamilton home insurance?
There’s no one company that offers the best home insurance rate in Hamilton. Each quote you receive is determined by your property and claims history.
The best way to find the cheapest home insurance in Hamilton is to comparison shop. Getting quotes from as many insurance providers as possible will help you understand what constitutes an average rate, as well as find the most affordable policy.
What risks do homeowners face in Hamilton?
Homeowners in Hamilton face similar risks to homeowners in many other Ontario cities. This includes:
Freezing temperatures: Cold winters with temperatures reaching -30C means the potential for burst and frozen pipes.
Flooding: Excessive melting snow from the winter months can cause floods, which are especially threatening to homes with a basement.
Sewage pipe backup: Your home’s drain pipes or main sewer line can become clogged, which can cause water damage.
Windstorms: An Ontario windstorm in November, 2020, hit Hamilton and other surrounding areas, causing $87 million in insured damage.
What is covered by most Hamilton home insurance policies?
Typical home insurance in Hamilton will cover your personal belongings (appliances, furniture and some electronics), and personal liability if you’re sued by someone injured on your property.
Certain perils are also covered by standard insurance policies, should damage occur to your dwelling and contents, including:
- Fire
- Lightning
- Some 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 earthquake, land slide or snow slide)
What is not covered by most Hamilton home insurance policies?
A standard home insurance policy in Hamilton doesn’t cover everything. Here are some things that policies typically do not cover without an add-on:
- Home-sharing activities, such as an Airbnb. Guests might be covered, but using your home as a rental will likely require additional coverage.
- Criminal activity and purposeful damage to property, or intentionally injuring someone on your property. Filing a claim for purposeful damage or injury is fraud, and you could be charged under the law.
- Moral risk, such as not taking care of, or disregarding measures to protect your home.
- Home-based business assets.
- Natural disasters, such as earthquakes and landslides.
- Certain water damage, such as sewer backup 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 caused by frozen or burst pipes.
- Damage from insects and rodents.
Coverages that protect against these perils can be added to your insurance policy for an extra fee.
How do I save on Hamilton home insurance?
There are a few things you can do to help reduce your home insurance premium in Hamilton.
- Bundle your home insurance policy with your auto insurance policy.
- Increase your deductible.
- See if your union or alumni is eligible for a discount.
- Equip your home with safety features, such as smoke detectors and intruder alarms.
- Don’t file a claim if the cost of repairs is close to the amount of your deductible, as past claims can cause premiums to increase.
Save on Hamilton insurance
Your home is a big investment and you should protect it with the right coverage. No matter what type of house you live in, RATESDOTCA can help find Hamilton home insurance to fit your budget.
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*Shoppers in Ontario who obtained a home insurance quote on RATESDOTCA from January to December 2023 saved an average amount of $360. 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.
Taras Trofimov, Content Writer
Taras has over nine years of content marketing experience across multiple industries in B2B and B2C spaces. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like Huffington Post and MSN Canada.
He graduated from York University with a Bachelor of Arts degree and studied Technical Communication at Seneca College.
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