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The Best Home Insurance in Sudbury

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Written By Joel Kranc

Contributing writer

Updated

Home insurance in Sudbury 

Sudbury is the largest town in Northern Ontario, with a population of more than 166,000, according to the 2021 Canadian Census. Known for its nickel production and the Science North educational centre, home prices in Sudbury are relatively cheap. As of September 2023, the average sale price was $449,553, according to the Sudbury Real Estate Board. This compares with the provincial average of $851,756 — a difference of nearly 90%. 

Despite the relatively inexpensive price tag for housing in Sudbury, homeowners should seek out the right home insurance that covers their specific needs. 

While home insurance is not mandatory in Ontario, most financial institutions will not provide a mortgage without it. That is why you'll want to purchase home insurance for your property. 

Below are the types of home insurance you can get in Sudbury, including the most common and additional coverage. 


Types of home insurance in Sudbury 

There are three common types of home insurance coverage that insurance providers offer. These are relatively standard packages and can also be customized (as shown below) to a client's specific needs and coverage requirements: 

  • Basic – This is the most superficial level of insurance coverage, in which only certain items or perils listed on your policy are covered. It is usually the least expensive option. 
  • Broad – This is slightly more robust than basic coverage. It covers bigger ticket items and named perils on the contents within the home. 
  • Comprehensive – This is the most expensive type of home insurance policy. Also referred to as "all-risk," it covers your home and belongings from all loss, except for some exclusions, which are listed in your policy. 


Home insurance coverage 

  • Property and building – This protects your home and other structures on your property. In many cases, you are protected from theft, fire, vandalism, storm damage, and water damage. It is best to talk to your insurer about secondary structures like a garage or guest house to ensure you are fully protected for your entire property. 
    • Coverage amount: Replacement cost of your home (according to your insurance company's estimates)
  • Contents and personal property – It covers you for damage to or loss of your possessions while they're located in your house or temporarily away from your home (for example, when your item is with you while you travel or are in your vehicle). You may want or may require additional coverage to protect more valuable items such as family heirlooms, jewelry or fine art.
    • Coverage amount: 70% - 80% of replacement cost, varies depending on depreciation.  
  • Additional living expenses – Should you be displaced from your home because of a natural disaster or forced evacuation, extra income for expenses would be a welcome financial break. In those cases, you may need this protection to cover your temporary housing costs. Additional living expenses coverage can help pay for hotel stays until you return to your home, commuting costs, or even food up to certain limits. Talk to your provider about specific coverage.
    • Coverage amount: 20% - 30% of replacement cost 


Liability coverage 

  • Personal liability – If third-party injuries or accidental injuries occur on your property, personal liability insurance will cover any lawsuit expenses. Without it you could spend thousands of out-of-pocket dollars on legal bills. 
    • Coverage amount: $100,000 included with basic insurance
    • Recommended coverage amount: $1,000,000 (but can go as high as $5,000,000) 
  • Voluntary medical payments – What if someone injures themselves on your property and requires medical attention? This insurance will cover the cost of medical expenses for one year from the date of the accident. 
    • Coverage amount: $5,000-$10,000 with no deductible  
  • Voluntary property damage – It is not inconceivable that you may cause unintentional damage to someone else's property. This will help you pay for any unintentional direct loss or damage. It also covers accidental loss or damage to someone else's property by a minor (12 years or under) in your care.
    • Coverage amount: $1,000 (but can vary between insurance providers and go as high as $6,000) 

Add-ons to home insurance coverage in Sudbury 

In case the coverage mentioned above does not meet all your specific home insurance needs, there are additional protections you can purchase in Sudbury both for your home and its contents.  

These add-ons, or riders, can be added to your Sudbury home insurance policy for even greater protection: 

  • Overland water – Flooding and overland water is a common occurrence in Ontario. There is also the threat of melting snow in the springtime. This add-on helps protect against damage from this type of overflowing water.
  • Sewer back-up – In cases where the main sewer backs up, or water from downspouts, septic tanks, drains, and eaves troughs cause damage, this add-on can help reimburse you for losses. 
  • Earthquake – Covers losses or damage caused by an earthquake. West Coast residents may find this more applicable than Ontarians, as there is less of a potential for earthquakes to cause structural damage to your home in places like Sudbury. 
  • Mass evacuation – Weather, forest fires or other significant events can create so much damage that it causes the need for a mass evacuation. This comes with expenses for temporary housing, commuting and even everyday necessities like food. It is best to talk to your provider about how much coverage you can get during your temporary displacement. 
  • Identity theft – Covers the cost of replacing important documents, such as your passport. 
  • Lock replacement – If you need to replace the locks on your house, this add-on provides coverage. 

What is not covered by your Sudbury home insurance 

Homeowners in Sudbury may find their insurance lacking. There are some scenarios where add-ons are a good idea, and then there are circumstances in which optional insurance is unavailable. Here are some examples of when you can buy optional coverage and when you cannot.

  • Flooding – Flooding is generally not listed as a standard peril offered by Sudbury home insurance providers. You can get add-on coverage if the damage is caused by sewer back-up or overland flooding. However, residents who live in an area where severe weather events have occurred before may not have access to that coverage at all. It's best to consult with your insurer for more information. 
  • Earthquake or landslide – These are covered with add-ons to your policy. Basic Sudbury home insurance policies, including comprehensive coverage, do not cover them. You should talk to your provider to see what you are eligible for since insurance companies may not offer it to homeowners in Northern Ontario.
  • Mould – Mould, unfortunately, is often caused by issues within the home and not due to weather or other outside events. As a result, it is considered by insurance companies to be a homeowner issue and is not covered. If you see it becoming a problem in your home, it is your responsibility to repair and maintain it before it gets worse.  
  • Pest infestation – Pests or rodent problems are also considered the homeowner's issue. You won't find coverage for this, so it's best to keep your home clean or spray for bugs before any problems get out of hand. 
  • Purposeful damage – It's not anyone's business why you might purposefully damage your property, but if you do, you will not receive any insurance coverage for it. Doing so is considered insurance fraud.  
  • Intentional injuries to guests – We really should treat our guests like family. But suppose you choose to injure someone in your home intentionally. In that case, you will not be covered for any liability that may ensue
  • Rental – Renting your property will require extra insurance to cover you for damages or liability. Consult your Sudbury home insurance provider before renting out your property to see what type of coverage you will need. 

How much insurance coverage do I need for my Sudbury home? 

The process of buying home insurance is slightly different for everyone. There are different neighbourhoods within Sudbury, and people have varying levels of stuff within their homes. You may have a newer home with a new alarm system, or you might live in a high-crime neighbourhood. Your coverage needs to be tailored to you, and with that comes a custom premium. That is why it is best to talk to your insurance provider, agent or broker to determine what amount — and type — of coverage is suitable for you.

Recent home insurance quotes in Sudbury

Recent Home Insurance Quote from Sudbury, ON
Townhouse 975 sq ft
May 19, 2024
Cheapest Quote
$ 77 / month
$924 / year
Average Quote
$ 165 / month
$1,980 / year
Savings
$ 89 / month
$1,068 / year
or
54.00 %
Recent Home Insurance Quote from Sudbury, ON
Detached 1,157 sq ft
May 19, 2024
Cheapest Quote
$ 123 / month
$1,476 / year
Average Quote
$ 253 / month
$3,036 / year
Savings
$ 130 / month
$1,560 / year
or
51.00 %
Recent Home Insurance Quote from Sudbury, ON
Detached 1,380 sq ft
May 19, 2024
Cheapest Quote
$ 130 / month
$1,560 / year
Average Quote
$ 337 / month
$4,044 / year
Savings
$ 207 / month
$2,484 / year
or
61.00 %
Home insurance quotes are compared from Apollo Insurance, CAA, Economical Insurance, Pembridge, Square One Insurance, and SGI

Factors that affect your Sudbury home insurance 

Sudbury home insurance providers will consider many factors when determining your specific premium. Here’s what they are.

  • Replacement cost: Rebuilding your home is part of the risk your Sudbury home insurance provider will consider when determining your premium.
     
  • Location: Insurance companies are continuously assessing risk. That is why the location of your property matters to them. High crime rates, for example, could lead to higher claims and, as a result, higher premiums. Conversely, lower crime neighbourhoods could yield lower premiums because claim risk is reduced. Also, proximity to a fire hydrant can result in lower premiums as it can help reduce the risk of fire damaging your home, for example. 
  • Your personal history: Insurance providers in Sudbury will look at your claims history as a risk factor. Higher claims histories are perceived to mean higher future claims as well. The nature of your claims matters, too, as more expensive claims can also raise your premium. 
  • Roof age: Roofs need to be maintained regularly and changed about every 20 years. Sticking to that timeline will prevent leaks and water damage. Some insurers may cover only 25% of the replacement cost for roofs that are old enough to need repairs or replacement
  • Age of home: This can increase or decrease your premium depending on the newness of your home. Newer homes have better systems and use better, up-to-date materials that can prevent damage. Older homes may still have faulty wiring or old pipes that can leak or do extensive damage. 
  • Wood stove: This type of heating and cooking has a remarkably high risk of fire-related damage. If you plan to install a wood stove, notify your provider. 
  • Alarms: Fire and security alarms will factor into your premium. State-of-the-art monitored systems will help reduce your premium by lowering your risk for theft or vandalism and theft. The fewer the risks your home is exposed to, the lower your premiums will be. 

How much does the average Sudbury home insurance policy cost? 

The average home insurance in Sudbury, according to the RATESDOTCA Insuramap data, is $1,862 per year. This is roughly 30.5% higher than the provincial average of $1,427 annually. That is still inexpensive compared to the provincial average and the top premium of $2,411 in Lasalle.

The rates all over the province reflect various factors, including location, square footage, house construction materials, weather, crime rates, and age.

Home insurance in Ontario comparison
City Avg. 2023 premium % difference compared to Sudbury
Lasalle $2,411 +22.8%
Windsor $2,140 +13.0%
Foleyet $2,046 +9.0%
Sudbury       - $1,862
Cambridge $1,081 -72.2%
Stratford $1,071 -73.8%
Toronto $1,068 -74.3%

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How RATESDOTCA finds the best home insurance in Sudbury

RATESDOTCA works with home insurance companies and brokers in Sudbury to provide you with a broad selection of quotes. We quickly collect your information and use it to generate the best offers from each partner. Our service is fast, easy and free to use. 

By comparing Sudbury 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. 

Which companies offer home insurance quotes in Sudbury?

Company Company type Phone number Address
Active Insurance Insurance broker 1-705-674- 9678 530 Lasalle Blvd, Greater Sudbury, ON P3A 1W9
All-Risks Insurance Brokers Insurance agency 1-705-855-5858 4764 Regional Rd 15, Chelmsford, ON P0M 1L0
Co-operators – Gavard Financial Insurance agency 1-705-522-4343 1984 Regent St Suite 104, Greater Sudbury, ON P3E 5S1
Insurance Hero Insurance broker 1-855-777-4376 885 Regent St Suite 4-1B, Greater Sudbury, ON P3E 5M4
InsuranceHotline.com Quotes comparison 1-855-821-7312 225 King St W, Suite 1000 Toronto M5V 3M2
LowestRates.ca Quotes comparison 1-855-487-6911 1910 Yonge St. Suite 401, Toronto, ON M4S 3B2
Northern Insurance Brokers Insurance agency 1-705-522-7900 2141 Lasalle Blvd, Greater Sudbury, ON P3A 2A3
Nickel City Insurance Brokers Insurance broker 1-416-644-7777 754 Falconbridge Rd #1, Sudbury, ON P3A 5X5
RATESDOTCA Quotes comparison 1-844-726-0907 225 King St W, Suite 1000 Toronto M5V 3M2
Scoop Insurance Insurance broker 1-866-456-6620 22-300 Lincoln St, Welland, ON L3B 4N4
United Link Insurance Brokers Insurance agency 1-705-222-5465 1390 Kingsway #1, Greater Sudbury, ON P3B 0A3

How to get the cheapest home insurance in Sudbury 

There are several options for finding the cheapest home insurance in Sudbury. You can start by having a dialogue with your insurance provider about offers they may have. You can also do some extra digging and look at the following options. 

  • Comparison shopping – Comparison shopping for insurance in Sudbury is easy when you use sites like RATESDOTCA to compare the cheapest rates from the top providers in your area. It’s free, simple to use, and fast. 

    Bundling services
     – Sudbury insurance providers will show their appreciation for your business. The more services you bundle from one provider, the more you can save on an entire policy package. Some providers will give you discounts in the neighbourhood of between 20% to 25%. 

    Updated alarm systems
     – A new monitored alarm system in Sudbury can help you save on home insurance premiums. It can reduce the risks of theft or vandalism, which can help you save between 5% to 10% on your policy. 
  • Increasing deductibles – Agreeing to pay a higher deductible – money you will pay out-of-pocket before the insurance company pays you – can help save you money. The more money you agree to put up, the less risk you are to the Sudbury insurance provider.  
  • Upgrading your home – Renovating or upgrading old materials, such as piping or out-of-date wiring, can help save you money. You are reducing the risk of flooding or fires as a result, and you will be “rewarded” for your efforts.  
  • Discounts – Many home insurance companies in Sudbury will offer discounts to members of certain associations or unions. Retirees can also receive discounts. Reviewing your policy yearly is a good practice and an opportune time to ask your provider about discounts you are eligible for. 
  • Rewarding your loyalty – The longer you stay with one Sudbury home insurance provider, the more rewards and discounts you can get. Stay claims free, and the discounts can be even higher. Ask your provider about loyalty discounts. 
  • Credit score – Home insurance companies in Sudbury will drop premiums for people with a good credit score. A lower score identifies you as a responsible customer who pays bills and is likely a minimal risk overall. 

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What risks do homeowners face in Sudbury? 

Home insurance coverage can look the same from city to city in Canada, but each locale has unique risk factors that can contribute to the cost of coverage. For example, Sudbury is quite far north and can have problems outside the typical homeowner experience in other parts of the province. 

In Sudbury, these factors include: 

  • Freezing temperatures. Canadian winters can cause extensive damage to pipes, causing them to freeze and burst. 
  • Flooding and water damage. In spring 2023, Sudbury experienced warm temperatures, leading to severe flooding. Also, heavy snowfall can do damage to roofs and other structures. Snow thawing can be equally threatening, especially to homes with basements. 
  • Sewage pipe backup. A home's pipes can get clogged or backed up if the main sewer lines become clogged. This can cause significant damage to a home. 
  • Attic rain. Hot and cold weather can cause freezing in the winter and melting in the spring. The resulting water then trickles down into the rest of your home, causing stains, structural damage, leakage around electrical fixtures and black mould. 

Typical home insurance in Sudbury will cover your personal belongings (appliances, home furnishings 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 some perils that standard Sudbury home insurance policies won't cover. However, in these cases, add-on protection may be available for an extra charge. Examples of non-standard coverage include: 

  • Renting all or part of your property to long- or short-term guests. 
  • 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). 

Then are some risks that insurance companies won't cover under any circumstances:

  • Damage from insects and rodents.
  • Injuries or damage caused either intentionally or by illegal activity. 
  • Damage caused because basic measures of protection and maintenance have not been taken. 

Frequently asked questions about home insurance in Sudbury 

Have more questions about how Sudbury home insurance works? We answer them here.

Do Sudbury real estate prices affect the cost of home insurance?

Sudbury home insurance providers do not look at real estate prices in the area when calculating insurance premiums. Insurance companies are more concerned with the risks they face and the replacement value of the home itself.

Which company offers the cheapest Sudbury home insurance?

Home insurance in Sudbury is specific to the needs of the individual homeowner. That can depend on where they live, the contents of their home, the age of their home and the materials used, to name a few.

That's why it's best to comparison shop on sites like RATESDOTCA where you can receive estimates for the cheapest rates from the top providers in Sudbury. It takes a few minutes and is free. How easy is that?

How do I save on Sudbury home insurance?

One of the best ways to save on Sudbury home insurance is by comparison shopping on sites like RATESDOTCA. We'll generate the top offers from each of our partners. It is fast, reliable, and free to use.

There are other methods, such as bundling your insurance (home and auto, for example) under one provider. Some insurance companies offer discounts to members of certain alumni associations or unions. Increasing your deductible and enhancing your credit score can also help you receive a better premium on your Thunder Bay home insurance policy.

If you still need to update your alarm or home systems (like piping or wiring), doing so can help reduce your premiums.

How do Sudbury home insurance claims work?

Your insurance claim is covered by the premiums paid by you and your provider's other clients. Insurers pool all the premiums together and use them to pay for the damages and costs associated with your claim. However, before the insurer covers those costs, you may have to pay a deductible. This preset amount comes out of your pocket. Most home insurance deductibles range from $500 to $2,000 and are decided beforehand. So, when making a claim, this shouldn't come as a surprise.

Here are the steps to file a claim and get a settlement:

  • Call your insurance company immediately (or as soon as possible) after the incident. Most providers have a 24-hour claims service.
  • Be as detailed as possible when describing what happened, and take lots of photos.
  • If your home is uninhabitable, talk to your provider about the expenses you may be eligible for and how long you'll be able to claim them for. For this to work, keep all your receipts and invoices you amass while you're away.
  • A claims adjuster will contact you to gather all the facts regarding your loss and let you know the next steps.
  • Your provider will ask you to complete a proof of loss form. Be as truthful as possible; otherwise, your claim may become void.

Review your policy each year so there are no surprises when you experience a setback. Your settlement amount and whether you get full replacement value is contingent on your policy.

Is fire covered under my Sudbury home insurance policy?

Fire is a peril that is generally covered under standard home insurance policies. But you can increase your coverage if you have high-value items in your home, such as jewelry or fine art.

How do I get vacant home insurance in Sudbury?

Two potential routes for insuring a vacant home in Sudbury include:

  • Buying a new policy tailored to the needs of a vacant home
  • Increasing your existing policy's coverage with an endorsement or add-on

A new policy might be your best route if you know your property will be vacant for an extended period – say a year or more. However, an endorsement added to an existing policy may be enough for your vacant property if the property is empty for a short time, say between renters or temporary vacancies.

If you're going to be away from home for 30 days or thereabouts, your home is considered unoccupied, not vacant. Give your insurance provider or broker a heads-up before you leave; they may be able to extend your coverage to match your timetable. In return, they may also request that someone you trust checks in on the property while you're away.

*Shoppers 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.

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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