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Toronto has no shortage of home insurance providers to choose from, which sounds convenient until you actually try to compare them side by side. Between large national insurers, regional mutuals, and newer digital-first providers, figuring out who actually offers the best deal will depend on where in the GTA you actually live and which insurer you pick.
The Greater Toronto Area’s housing stock is also unusually varied for one region: century-old homes in Etobicoke, York, and East York, high-density condo towers across downtown Toronto and North York, and newer subdivisions stretching into Scarborough, Mississauga, and Brampton. That variety means your premium can look completely different depending on your postal code.
To cut through the noise, we analyzed close to 17,000 valid home insurance quotes for houses, condos, and rental units across Toronto, Etobicoke, North York, Scarborough, York, East York, Mississauga, and Brampton. Here’s what that data says about the 8 best home insurance companies for the region in 2026.
Key takeaways
- Best for buying insurance online in Toronto: YouSet, a free digital insurance platform that lets users compare quotes from 15+ insurers and buy online in one place
- Best for Toronto renters: Intact, Canada’s largest home insurer
- Best insurance for condos in Toronto: Travelers, a globally established insurer
- Best availability in Toronto: Economical, one of Canada’s largest property and casualty insurers
- Best for Etobicoke homeowners: Wawanesa, a policyholder-owned mutual insurer that has been operating in Canada for over 125 years
| Company | Category | Best For |
| YouSet | Insurance marketplace | Comparing and buying insurance online |
| Intact | Direct insurer | Toronto renters |
| Travelers | Direct insurer | Toronto condos |
| Economical | Direct insurer | Availability |
| Wawanesa | Direct insurer | Etobicoke homeowners |
| Chubb | Direct insurer | Luxury Toronto homes |
| Aviva | Direct insurer | Newcomers to Toronto |
| Allstate | Direct insurer | Local support |
How we chose the top home insurance companies in Toronto
This ranking draws on YouSet’s internal quote database, narrowed to applications from Toronto, Etobicoke, North York, Scarborough, York, East York, Mississauga, and Brampton. This adds up to close to 17,000 valid, completed home insurance quotes in total. Each insurer was evaluated against the following:
- Internal YouSet quote data: Nearly 17,000 quotes from the Toronto area, between 2021 and 2026
- Coverage availability: Whether the insurer offers a solid standard policy alongside key optional coverages, such as water damage, sewer backup, and overland flooding
- Digital experience: How easy it is to get a quote, manage a policy, and file a claim online or through a mobile app
- Industry reputation: Financial strength ratings (AM Best), online reviews, and how long the company has operated in the Canadian market
For companies outside YouSet’s network, we relied on publicly available information, including customer reviews and industry standing.
The 10 best home insurance options in Ontario (2026)
#1 – YouSet – Best for comparing and buying insurance online
YouSet comes in as the best home insurance company in Toronto, particularly for those looking to compare quotes and buy a policy online. Instead of bouncing between websites or waiting on hold for a salesperson, with YouSet, you can enter your details once and compare side-by-side quotes from Economical, Intact, Wawanesa, Travelers, and more in minutes.
YouSet’s algorithms even highlight the option that offers the best price for the coverage you selected, your specific property, and your profile. From there, you can complete checkout securely online directly through the YouSet website.
Plus, with access to broker-exclusive rates unavailable elsewhere, YouSet is more likely to turn up a competitive price than going to any single insurer directly. It’s also free to use, charges no broker fees, and gives users access to live support from RIBO-licensed insurance brokers when it’s needed most.
Why it made the list
- Compare 15+ insurers at once
- 4.8 out of 5 stars across 2,000+ Google reviews
- Free support from RIBO-licensed brokers
- No broker fees
- Online checkout
#2 – Intact – Best for Toronto renters
Intact is Canada’s largest home insurer and carries an AM Best rating of A+ (Superior). Founded in 1809, Intact has one of the longest track records of any insurer operating in Canada today.
Based on YouSet’s internal Toronto-area data, Intact is also the best-priced option for renters. Its median tenant insurance premium comes in at $380, 24% below the regional median of $500. Given that renters make up nearly half of Toronto’s households, 48.1% as of the last census, one of the highest shares of any major Canadian city, a competitively priced, this makes Intact our best insurance company in Toronto for renters.
Beyond price, Intact offers the optional coverages Toronto-area renters are most likely to need, including water damage and sewer backup protection, along with a mobile app for policy management and 24/7 claims support.
Why it made the list
- Lowest price on tenant insurance in the Toronto area ($380 vs. $500 overall median)
- AM Best A+ rating, the highest available
- 24/7 claims support
- Strong presence across the GTA
- Available through YouSet for side-by-side comparison
#4 – Travelers – Best for Toronto condos
Travelers is part of one of the oldest insurers in North America, dating back to 1853. Its Canadian arm, Travelers Insurance Company of Canada, is headquartered in Toronto itself and holds an AM Best financial strength rating of A++ (Superior).
According to YouSet’s internal Toronto-area data, Travelers stands out as the best-priced option for condo owners. Its median condo insurance premium is $393, 29% below the regional median of $557.
Given the GTA’s dense condo market, from downtown towers to mid-rise buildings across North York and Mississauga, Travelers stands out as one of the best insurance companies for those who own condos in Toronto.
Why it made the list
- Lowest price on condo insurance in the Toronto area ($393 vs. $557 overall median)
- Backed by Definity, the parent company of Canada’s oldest property and casualty insurance companies
- AM Best A++ (Superior)
- Available through YouSet for side-by-side comparison
#4 – Economical – Best availability in Toronto
Economical was founded in Berlin (now Kitchener), Ontario, in 1871, and has become one of the largest property and casualty insurance companies in the 150+ years since. Today, it carries an AM Best financial strength rating of A (Excellent) and is part of Definity.
YouSet’s internal data shows Economical is the most available insurer in the Toronto area by a wide margin. Out of 4,407 home, tenant, and condo applications submitted between June 2025 and June 2026, it appeared as an option in 92% of the time.
It’s also competitively priced overall, with a median homeowner premium of $1,404 against a regional median of $1,534 (8.5% lower), even where it isn’t the single cheapest option in a specific neighbourhood or property type.
Why it made the list
- Available option in 92% of YouSet applications for home, tenant, and condo insurance between June 2025 and June 2026
- Competitively priced for homeowners overall ($1,404 vs. $1,534 regional median)
- Founded in Ontario
- AM Best A (Excellent)
- Available through YouSet for side-by-side comparison
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#5 – Wawanesa – Best for Etobicoke homeowners
Wawanesa is a policyholder-owned mutual insurer founded in 1896 in Wawanesa, Manitoba, and has grown into one of Canada’s largest property and casualty insurers over its 130-year history. It also carries an AM Best financial strength rating of A (Excellent).
According to YouSet’s internal data, Wawanesa offers the lowest median homeowner premium in Etobicoke among the insurers we compared, coming in at $1,249, 11.4% lower than the overall median in the area.
Paired with its mutual ownership structure and long operating history, Wawanesa stands out as one of the best insurance companies for homeowners in Etobicoke and surrounding regions.
Why it made the list
- Lowest homeowner pricing in Etobicoke of the insurers we tracked ($1,249 vs. $1,409 overall Etobicoke median)
- 130 years operating in Canada
- Policyholder-owned mutual insurer
- AM Best A (Excellent)
- Available through YouSet for side-by-side comparison
#6 – Chubb – Best for luxury Toronto homes
Chubb is the world’s largest publicly traded property and casualty insurer, founded in 1882 and headquartered in Zurich, Switzerland. It holds an AM Best rating of A++ (Superior), the highest financial strength rating AM Best issues to insurers.
Given Toronto’s concentration of affluent neighbourhoods, like Rosedale, Forest Hill, and the Bridle Path, where properties exceed $5 million, Chubb stands out as the best insurance company for luxury homes. This is because of its Masterpiece program, which offers extended replacement cost, optional cash settlement, risk consultation services, and liability limits up to $100 million, well beyond what most standard homeowner policies provide.
Why it made the list
- Masterpiece program for luxury homes
- World’s largest publicly traded P&C insurer
- AM Best A++ (Superior)
- Insurer in YouSet’s network
#7 – Aviva – Best for newcomers to Toronto
Aviva Canada was formed in 2002 through the merger of CGU and Norwich Union’s Canadian operations, though its roots trace back more than a century through those predecessor companies. Today it’s part of Aviva, the UK’s largest insurer, with operations spanning 16 countries and holds an AM Best A+ rating.
That international footprint and brand recognition make Aviva a familiar, reassuring name for people moving to Toronto. Add its global scale and broad coverage options, and Aviva earns its place on this list as the best home insurance company in Toronto for newcomers establishing themselves in the city.
Why it made the list
- 860,000+ homes insured across Canada
- Part of Aviva, the UK’s largest insurer, operating in 16 countries
- AM Best A+ rating
- Broad selection of coverage, including water damage and sewer backup
- Insurer in YouSet’s network
#8 – Allstate – Best for local support
Allstate is part of one of North America’s largest insurers, founded in 1931, with an AM Best rating of A+ (Superior). While Aviva doesn’t currently operate across Canada, it is available in Ontario, Alberta, Quebec, New Brunswick, and Nova Scotia.
Allstate earns an honourable mention as the best option for local, in-person support. Its coverage is distributed through a large network of local and independent agents across the GTA, which may appeal to those who’d rather sit down with someone face-to-face.
Allstate isn’t currently available through YouSet and wasn’t evaluated using our internal quote data, but for those who specifically want the support of someone located physically in Toronto, it’s a reasonable name to have on your list.
Why it made the list
- Large network of local and independent agents across the GTA
- A+ (Superior) AM Best rating
- Long-established, globally recognized insurer
- In-person and phone support, not just a digital-only experience
How much does home insurance cost in Ontario? (2026)
Based on YouSet’s analysis of nearly 17,000 valid quotes, the median annual premium for homeowners insurance across the Toronto area between June 2025 and June 2026 was $1,534. Pricing varies by municipality, ranging from $1,383 in Mississauga up to $1,701 in East York, a gap of more than $300 within the same metro region.
Condo and tenant insurance remain far more affordable across the region. In 2025, the median tenant premium was $541, while condo insurance came in at $516. That gap exists largely because condo owners only need to insure their unit’s interior, and tenant policies cover personal contents and liability rather than the building itself, which remains the landlord’s responsibility.
Median Ontario home insurance premium by year
| Year | Homeowners insurance | Tenant insurance | Condo insurance |
| 2023 | $1,502 | $405 | $436 |
| 2024 | $1,571 | $462 | $498 |
| 2025 | $1,575 | $541 | $516 |
*Median annual premiums based on nearly 17,000 valid, complete quotes from YouSet’s internal quote database for Toronto, Etobicoke, North York, Scarborough, York, East York, Mississauga, and Brampton, between January 2021 and June 2026
Toronto-area home insurance considerations
Toronto’s mix of century homes, dense condo developments, and sprawling suburban growth creates a set of insurance considerations that are truly unique to the area. Knowing them ahead of time can help you avoid coverage gaps and surprise costs.
Theft
Toronto saw more than 6,000 break-ins in 2025, and, unlike most other crime categories, theft over $5,000 has climbed every year since 2021. That said, the broader picture is more reassuring than it might seem. Toronto’s overall Crime Severity Index (59.35) is actually below the national average (77.89).
Despite those improvements, the steady climb in high-value theft is a good reason to double-check your contents coverage limits and consider additional coverage for expensive valuables, rather than assuming your policy’s defaults have you covered.
Location
Generally speaking, older, denser neighbourhoods tend to experience more break-ins and aging infrastructure, like sewer backups, while newer suburban ones often come with modern wiring and plumbing and lower population density. This can help explain why two homes worth roughly the same amount can carry noticeably different premiums depending on which part of the GTA they’re in.
The key to remember here is that where you live shapes your risk profile as much as what you own, so it’s worth getting a quote for your specific address rather than assuming a citywide average applies to you.
Flood risk
In Toronto, basement flooding and sewer backups are well-documented issues. Neighbourhoods with aging storm sewer infrastructure systems are especially at risk, as these systems can struggle to keep up with the severe storms that are becoming more and more common in the region.
All this to say, if your property sits in a higher-risk area, it’s worth adding overland water coverage, above-ground water coverage, and sewer backup coverage to a standard policy rather than mistakenly assuming it’s already included.
7 ways to save on home insurance in the GTA
Bringing down your Toronto home insurance premium usually comes down to a handful of deliberate choices rather than any single trick. Here are seven ways to lower your cost without giving up coverage you actually need.
- Bundle home and auto insurance together: Multi-policy discounts are standard practice across Canada, and bundling through YouSet can knock an extra 15% off your total premium.
- Shop through a broker: A broker like YouSet compares quotes from multiple insurers for you, so you can land on competitive coverage without having to shop each provider yourself.
- Add a monitored security system: A professionally monitored alarm lowers your risk profile in an insurer’s eyes, which often translates into a lower premium.
- Re-shop your policy at every renewal: Insurance pricing shifts constantly, and last year’s best deal may not be this year’s. Comparing your options at renewal helps make sure you’re not overpaying. Plus, that’s easy to do through a platform like YouSet.
- Pay your premium annually: Paying upfront instead of monthly usually avoids the interest charges that come with installment plans, which can add up over a full year.
- Check what your neighbours are paying: YouSet’s home, tenant, or condo insurance calculator shows you what others in your area are typically paying, so you know if your quote is in line.
- Consider a higher deductible: Raising your deductible can meaningfully reduce your premium. Just make sure it’s still an amount you could comfortably cover out of pocket if you ever need to file a claim.
