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RATESDOTCA works with home insurance providers in London to offer you the city’s best home insurance quotes. We quickly collect your information and use it to generate the top offers from each of our partners. Our service is fast, easy and free to use.
By comparing London 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 London home.
|Annual premium||Monthly average premium|
|Ontario’s average home insurance premium||$1,283||$106|
|London's average home insurance premium||$1,367||$114|
According to our proprietary data, London’s average home insurance premium is slightly higher than that of other Ontario cities. A reason for this difference may be London’s proximity to the Snow Belt and its severe winters, which can cause issues such as overland water damage.
But you don’t have to worry just because most London homeowners have house insurance premiums on the high side. You can easily save on home insurance by comparing the best quotes from leading Canadian home insurance providers on RATESDOTCA. Comparison shopping will save you money and let you find the best policy for your home.
Looking for home insurance in London, Ontario? Here’s what you may be wondering!
The lowest average home insurance quote that homeowners in London received from RATESDOTCA in 2020 was $1,367/year, or $114/month. This is 6% higher than the provincial average of $1,283/year, or $106/month.
But just like how not all homes are the same, not every home insurance premium will be identical. Every home requires a personalized home insurance policy. As a result, insurance premiums will look different for each London homeowner, as the cost of home insurance depends on numerous factors, such as the property’s location, age, building materials and structure, and the homeowner’s previous claims history, to name a few. Your London home insurance premium may be lower or higher than the city average depending on such factors, as well as the type of coverage you choose.
Looking for the cheapest home insurance provider in London? There’s no single company that offers the lowest standard rate for all homes in the city.
Each home insurance provider will assess your property risks in a different way, making it important for you to compare multiple providers in order to find the best deal.
The city of London is on the perimeter of southwestern Ontario, which means that it faces risk from environmental factors, such as:
When looking for home insurance, you’ll quickly realize that not all perils are covered under a standard policy. Even common perils, such as flooding and earthquakes, may only be included as add-ons. This is why it is important for homeowners to assess their property’s potential risks and add the necessary coverage to prevent financial losses.
The most common add-ons that London homeowners choose are extra liability coverage and overland water coverage. Consult your home insurance provider to find out more about the optimal coverages for your home.
Although London home insurance premiums may be higher than those in most Ontario cities, you can still save money on your home insurance premiums in a variety of ways.
At RATESDOTCA, we know how owning a home is a big investment, which is why it’s important to safeguard your property and its contents. Why not find the best home insurance policy and also save money? On RATESDOTCA, you can see the best home insurance quotes from more than 30 home insurance providers within minutes. And best of all, it’s easy and free! Find the cheapest home insurance in London today.
*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.