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RATESDOTCA 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.
|Annual premium||Monthly average premium|
|Ontario’s average home insurance premium||$1,284||$107|
|Hamilton's average home insurance premium||$1,273||$106|
According to data pulled from the RATESDOTCA database, the cost of home insurance in Hamilton is nearly in line with the provincial average.
The figures shown above include homeowner’s insurance for houses – detached, semi-detached, townhouses and row houses – only. Condo insurance, which is typically less expensive than house insurance, has been excluded.
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.
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.
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.
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.
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:
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:
Coverages that protect against these perils can be added to your insurance policy for an extra fee.
There are a few things you can do to help reduce your home insurance premium in Hamilton.
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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*Based on the difference between the average lowest home insurance premium and overall average home insurance premium from our site in 2019. Excludes tenant and condo insurance.