Car insurance
Canadians have dozens of companies to choose from when it comes to home, tenant, and condo insurance, and to the average shopper, it can seem as if they’re the same thing, when in fact, they’re not.
A home insurance carrier is the company that underwrites your policy and pays your claims. A separate company, such as an insurance broker, may sell policies on the carrier’s behalf. For example, YouSet is a digital insurance platform and licensed broker that lets you compare quotes from 15+ Canadian insurance carriers and buy your policy online in one place.
To help separate the industry’s leading insurers from the rest, we evaluated Canada’s largest and most established home insurance carriers using publicly verifiable criteria. Factors considered included financial strength ratings, geographic reach, scale, longevity, and corporate structure. The result is this list of the top 10 home insurance carriers in Canada as of July 2026.
Key takeaways
- Intact: Canada’s largest property and casualty insurer, with roughly $25 billion in annual direct premiums written and a presence in every province and territory.
- Definity (parent of Economical and Sonnet): One of Canada’s largest P&C insurers after acquiring Travelers
- Aviva Canada: Serves about 2.6 million customers nationwide
- Wawanesa: Policyholder-owned mutual with 1.8+ million policyholders
- Co-operators: Canadian-owned, with more than $64 billion in assets
| Carrier | Founded year | Provinces/Territories | Related brands, if applicable |
| Intact | 1809 | All | Belairdirect, RSA Canada, Brokerlink |
| Definity | 1871 | All | Economical, Sonnet, Travelers |
| Aviva Canada | 1835 | All | RBC, PC Insurance (Policies are underwritten by Aviva) |
| Wawanesa | 1896 | All | |
| Chubb | 1882 | All | |
| Northbridge | 1920 | All | |
| Allstate Canada | 1953 | Alberta, Ontario, Quebec, New Brunswick, Nova Scotia | Pembridge, Pafco |
| TD Insurance | 1949 | All | |
| Co-Operators | 1945 | All | Duuo |
| CAA Insurance | 1974 | British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island | Echelon |
| Optimum | 1976 | Quebec, Ontario, and Manitoba, Alberta, British Columbia, Yukon | |
| Desjardins | 1944 | Quebec, Ontario, Alberta, New Brunswick | Certas Home & Auto |
How we chose the top Canadian home insurance carriers
Since every homeowner values different things, no single insurer is the “best” for everyone. Ranking home insurance carriers at a national scale requires looking beyond prices in a single province, so this list is based on publicly verifiable criteria that apply across Canada and can be independently verified. This includes:
- Financial strength: Independent ratings from AM Best, the industry standard for measuring an insurer’s ability to pay claims
- Geographic reach: Carriers actively underwriting policies in most or all provinces and territories, not just licensed to operate there
- Scale: Assets, premiums written, or policyholder counts, sourced from company filings and rating agency reports
- Longevity and structure: Founding year, parent company, and related brands
- Product and coverage availability: Homeowners, condo, and tenant insurance, as well as optional coverage offerings
Top 10 home insurance carriers in Canada (2026)
#1 – Intact
Intact’s roots can be traced back to 1809, when a group of Halifax merchants formed the Halifax Fire Insurance Association. In 2009, it became a Toronto Stock Exchange-listed company and has since grown into Canada’s largest property and casualty insurer, with roughly $25 billion in annual direct premiums written and $3.4 billion in net income in 2025.
Intact carries an AM Best Financial Strength Rating of A+ (Superior), the second-highest tier available, and operates in every province and territory in Canada. Its direct-to-consumer brand belairdirect and its RSA Canada operations (acquired in 2021) both fall under the Intact umbrella, meaning Intact, belairdirect, and RSA have effectively the same underwriter.
- Founded in 1809, operating in Canada for over 200 years
- A+ (Superior) AM Best rating
- Offers homeowners, tenant, and condo insurance across Canada
- Subsidiary companies include belairdirect, RSA, and Brokerlink
#2 – Definity (Economical, Sonnet, Travelers)
Since its formation in 2021, Definity Financial Corporation has become one of the biggest players in the Canadian insurance market. To start, it became the parent company of Economical Insurance (founded in 1871) and Sonnet. Five years later, in early 2026, Travelers Canada joined Definity as well, completing a $3.3 billion acquisition.
In a press release following that deal, Definity announced that its “gross written premiums for Q1 2026 increased by $364.5 million or 35.4% compared to Q1 2025” as a result, making it one of Canada’s largest P&C carriers. Today, Definity holds an AM Best rating of A (Excellent) and works with hundreds of independent brokerage firms, including YouSet, across Canada.
- Formed in 2021, though Economical was founded over 150 years ago in 1871
- A (Excellent) AM Best rating
- Offers homeowners, tenant, and condo insurance across Canada
- Subsidiary companies include Economical, Travelers Canada, and Sonnet
#3 – Aviva
Aviva’s Canadian roots date to 1835, with the incorporation of the Canada Accident Assurance Company, one of several heritage companies that eventually became Aviva Insurance Company of Canada in 2003. It’s now one of the country’s largest P&C insurers, serving 2.6 million plus customers and insuring over 860,000 homes.
Aviva Canada is part of UK-based Aviva plc, one of the world’s largest insurance groups. In addition to serving customers directly, it underwrites home insurance for partners such as RBC and PC Insurance, helping make it one of Canada’s largest home insurance carriers.
- Canadian roots date to 1835
- Offers homeowners, tenant, and condo insurance across Canada
- Underwrites RBC Insurance’s home and auto policies
- 860,000+ homes insured
#4 – Wawanesa
Wawanesa was founded in 1896 in Wawanesa, Manitoba, and remains headquartered in Winnipeg today. It’s structured as a mutual insurer, meaning it’s owned by its policyholders rather than external shareholders. In this way, Wawanesa stands out among Canada’s top home insurance carriers.
Wawanesa also earns high marks on several of our ranking criteria, including longevity, financial strength, and product breadth. It offers home, auto, business, farm, and specialty insurance across much of Canada and serves more than 1.87 million policyholders. It has also been given an AM Best rating of A (Excellent) in April 2026, indicating a strong ability to meet its ongoing insurance obligations.
- Founded in 1896
- Policyholder-owned mutual insurer
- A (Excellent) AM Best rating
- Offers homeowners, tenant, and condo insurance across Canada
- 1.87+ million policyholders nationwide
Get the best price on insurance year-after-year
#5 – Northbridge
Northbridge is a Canadian insurance company with the backing of Fairfax Financial Holdings, a global insurance group with operations around the world. Since its creation in 2003, Northbridge has grown into a multi-line insurer offering commercial and personal insurance products through a network of brokers across Canada.
The company ranks highly for its financial strength and corporate structure. Although Northbridge is primarily known for commercial insurance, it also provides home and auto coverage to Canadian consumers. AM Best upgraded Northbridge’s Financial Strength Rating to A+ (Superior) from A (Excellent), recognizing its strong ability to pay claims and support policyholders.
- Formed in 2003 as Fairfax Financial’s Canadian holding company
- A+ (Superior) AM Best rating
- Offers homeowners and business property insurance across Canada
- Subsidiary companies include Federated Insurance, Zenith, and Verassure
#6 – TD Insurance
TD Insurance is the insurance arm of TD Bank Group, one of Canada’s largest financial institutions. Unlike some bank-affiliated insurance brands that distribute policies underwritten by a separate carrier (like RBC), TD underwrites its own insurance products through its subsidiaries, making it a direct insurance carrier rather than simply a distribution partner.
TD Insurance also ranks strongly for scale, geographic reach, and product breadth. Founded in 1945, the company offers home, tenant, condo, and auto insurance across Canada and serves more than 4 million customers. Backed by TD Bank Group and with more than $6.5 billion in premiums, TD Insurance has the financial resources and national presence expected from one of Canada’s top home insurance carriers.
- Founded in 1945
- Backed by TD Bank Group; underwritten through its own subsidiaries
- Offers homeowners, tenant, and condo insurance across Canada
- $6.5 billion in premiums and 4+ million customers
#7 – Chubb
Chubb was founded in 1882 and has grown into one of the world’s largest publicly traded property and casualty insurers. In Canada, the company stands out for its focus on high-net-worth homeowners, offering specialized coverage designed for properties and clients with more complex insurance needs.
Chubb ranks highly for financial strength, longevity, and product specialization. The company operates globally across more than 50 countries and offers a broad range of insurance products, including home, auto, business, and specialty coverage. It also holds an AM Best Financial Strength Rating of A++ (Superior), the highest rating available, reflecting its exceptional financial position and claims-paying ability.
- Founded in 1882
- Specializes in high-net-worth homeowners coverage
- Global insurer with operations across Canada
- A++ (Superior) AM Best rating, the highest available
#8 – Co-Operators
Co-operators was founded in 1945 and is structured as a cooperative, the company is owned by its members rather than outside shareholders, a model that sets it apart from many other national carriers. Today, Co-operators offers a broad range of products, including home, auto, life, farm, and business insurance, with more than $64 billion in total assets.
In addition to its traditional home insurance offerings, the company owns Duuo, a digital insurance brand that offers online tenant insurance across Canada. Its combination of long-term stability, national reach, and diverse insurance products contributed to its place among Canada’s top home insurance carriers.
- Founded in 1945
- Canadian-owned cooperative
- $64+ billion in total assets
- Offers homeowners, tenant, condo, and farm insurance across Canada
- Subsidiary companies include Duuo
#9 – CAA
CAA Insurance Company began writing policies in 1974, decades after the Canadian Automobile Association itself was founded in 1903. Today, CAA is one of Canada’s best-known consumer brands, with more than 7 million members nationwide and insurance operations serving homeowners across the country.
CAA stands out for its geographic reach, brand recognition, and product breadth. Unlike some national carriers that operate through a single insurance company, CAA’s home insurance is underwritten by different regional clubs based on your location in Canada. This structure allows CAA to offer home, tenant, and condo insurance across Canada while maintaining regional operations and expertise.
- Underwritten by a regional CAA club
- Offers homeowners, tenant, and condo insurance
- Available in 7 provinces
- 7+ million members nationwide
- B+ (Very Good) AM Best rating
#10 – Allstate Canada
Allstate Insurance Company of Canada has been serving Canadians since 1953 and holds an AM Best Financial Strength Rating of A+ (Superior), the same tier as several other carriers on this list. While not available across Canada, it does offer home insurance in five provinces, including Alberta, Ontario, Quebec, New Brunswick, and Nova Scotia.
Allstate also owns two related subsidiaries: Pafco and Pembridge, which was founded in 1999 in Markham, Ontario, and offers home insurance in Alberta, Ontario, Quebec, and the Maritimes.
- Serving Canadians since 1953
- Offers homeowners and auto insurance in 5 provinces
- A+ (Superior) AM Best rating
- Subsidiary companies include Pembridge and Pafco
Honourable Mention – Optimum
Optimum General Insurance has been providing insurance to Canadians since 1976 and is part of Optimum Group, a Canadian-owned diversified financial group. The company operates through two insurance subsidiaries: Optimum Insurance Company Inc., which provides personal property insurance in Quebec, Ontario, and Manitoba, as well as commercial coverage in several provinces and territories; and Optimum West Insurance Company Inc., which serves customers in Alberta, British Columbia, and Yukon.
The company offers personal property, auto, commercial property, liability, and farm insurance products through a network of broker partners across Canada. While its home insurance footprint does not extend to Atlantic Canada, its long-standing presence and specialized insurance offerings make it a notable regional carrier and earn it an honourable mention among Canada’s top home insurance providers.
- Founded in 1976
- Offers homeowners in 8 provinces and territories
- Not available in Atlantic Canada
- $277 million in direct written premiums, as of 2024
Honourable Mention – Desjardins
Desjardins Insurance is the insurance arm of Desjardins Group, one of Canada’s largest financial cooperatives. Founded in 1900, Desjardins has grown into a national financial services organization offering a wide range of products, including home, auto, life, health, and business insurance.
Desjardins stands out for its scale, Canadian ownership structure, and broad product offering. As a cooperative, it is owned by its members rather than outside shareholders, allowing it to operate with a long-term focus. The company serves millions of Canadians through its network of distribution channels and remains one of the country’s largest insurance providers.
- Founded in 1900 and headquartered in Quebec
- Canadian-owned financial cooperative
- $400 billion in assets
- Offers home, tenant, condo, auto, life, and business insurance
