logologologologo
  • Home insurance
    • Homeowners insurance
    • Tenant insurance
    • Condo insurance
  • Car insurance
  • Support
    • Claims
    • Help center
    • Contact us
  • Learn
    • Helpful articles
    • Guide home insurance
    • Guide tenant insurance
    • Guide car insurance
  • My account
  • Get your free quote
  • Home insurance
    • Homeowners insurance
    • Tenant insurance
    • Condo insurance
  • Car insurance
  • Support
    • Claims
    • Help center
    • Contact us
  • Learn
    • Helpful articles
    • Guide home insurance
    • Guide tenant insurance
    • Guide car insurance
  • My account
  • Get your free quote

Buy better condo insurance in Mississauga for less

Policies starting at $12/month • 100% online • 250,000+ users
Get your free quote
Avatar

4.9 out of 5 stars on Google and Facebook

Best Condo Insurance Mississauga - YouSet

Owning a condo is a significant investment, and like anything valuable in our lives, it deserves to be protected. While your condo association’s insurance covers the building’s structure and shared spaces such as hallways, gyms, playgrounds, and garages, it’s your responsibility to protect the interior of your unit and your personal belongings with your own insurance. To ensure you get the best condo insurance in Mississauga at an affordable price, use the data provided below to make informed decisions about both your needs and budget. All figures were extracted from YouSet policy data in May 2024. 

Cost of condo insurance in Mississauga per month – $23

The average cost of condo insurance in Mississauga is $23 per month among YouSet users. However, your premium may be higher or lower than this average due to the variety of factors that insurers take into consideration, such as the location of your property, its size, your claims history, and the coverage limits you choose.

Cost of condo insurance in Mississauga per year – $276

In Mississauga, the average cost of condo insurance is $276 per year among YouSet users. This figure provides a general sense of what you might expect to pay, helping you budget for your insurance needs.

Get the best condo insurance in Mississauga for up to 29% less

Get a quote

Factors impacting Mississauga condo insurance premiums

When insurers say they consider your location when calculating your condo insurance premium, they don’t just mean your city or neighborhood. They examine factors such as crime rates, property age, building materials, and local risk factors. To give you a better understanding of what affects Mississauga condo insurance prices, here’s a list of commonly considered factors. 

Population density

With an average population density of 2,452 people per square kilometer, Mississauga is one of the most densely populated cities in the province. In insurance, higher population density is linked to a greater risk of accidents, resulting in higher premiums for metropolitan areas. If you’re moving to a more densely populated city, keep this in mind when shopping around for condo insurance quotes.

Size of building

The more people living in an area, the more accidents are likely to happen, increasing the insurance premium for high-density neighborhoods. For the same reason, buildings with more condos will increase the insurance premium because of the higher population density inside that building, and higher chances of accidents, fires, and other damages.

Year and type of construction

Insurers typically view older condo buildings as higher risk, which can lead to increased premiums. While concrete buildings often have more affordable premiums due to their lower risk of fire propagation, not all new buildings are made of concrete. In fact, the world’s largest residential project made of timber is in Canada and it was completed in just 2019. 

Crime severity

As of 2022, Mississauga had a moderate crime severity index of 43.2. This index tracks the severity of police-reported crimes and offers insights into local safety. Insurers may factor in this data when calculating your premium, as condo owners in areas with higher crime severity may be more prone to crime-related claims, increasing the risk for insurers.

Flood risk

Since flooding is the most costly natural hazard in Ontario, insurers in the province take this risk seriously. In Mississauga, this is particularly relevant if your building is located in a flood-prone area or near Lake Ontario, where the risk of flooding is heightened. In such cases, insurers will take things like the building’s elevation, drainage systems, and local flood history into account when they calculate your premium. 

Distance to a fire station and hydrant

Generally, the farther your condo is from a fire station and hydrant, the higher your premium may be. This is because the increased distance raises the risk of delayed response times and fire spreading to other units. In larger condo buildings with hundreds of units, particularly in densely populated areas far from a hydrant, insurers may factor in the higher potential for extensive damage when calculating your premium.

Are you paying too much for condo insurance? It’s time to find out!

In just 15 seconds, this free and anonymous condo insurance calculator will show you the range of prices that others in your area are paying.

Try the calculator
Condo Insurance Calculator - YouSet

How to get cheap condo insurance in Mississauga

Everyone wants cheap condo insurance without compromising on coverage, but how can you make it a reality? Use these cost-saving tips from the insurance experts at YouSet.

Shop around

Shopping around used to mean calling different insurance companies and repeating the same information over and over. Not anymore. With YouSet, we automatically compare prices from multiple insurers for you.

Bundle your home and car insurance

Do you have a car? If so, bundling your condo and car insurance policies together is one of the easiest ways to get the coverage you need for up to 15% less. 

Increase your deductible

Opting for a higher deductible is a well-known way to get cheaper condo insurance. Just make sure you’re comfortable with the amount you choose, because you’ll have to pay it out-of-pocket if you ever file a claim. 

Switch to annual payments

Making a lump-sum payment of your premium once a year is another great way to save some money since monthly payments usually include 2-4% interest.

Install security measures

Outfitting your condo with monitored alarms or security systems can earn you a 5% discount on insurance, so long as they’re connected to a central station.

Maintain a claim-free record

The longer you go without filing a claim, the lower your premium will be. That’s because insurers reward low-risk clients with a no-claims discount that can add up to significant savings over time. 

Condo insurance from $12/month

YouSet is a digital insurance broker in Ontario whose mission is to help condo owners, just like you, save money on insurance. Through partnerships with some of Ontario’s top insurers and our proprietary technology, we’re able to secure you the most competitive rates and apply exclusive discounts for you, resulting in savings of up to 29%.

Start saving

Is condo insurance mandatory in Ontario?

Although it is not legally required, lenders in Ontario will often make it mandatory that you have condo insurance before approving you for a mortgage. Even without such a requirement, it’s highly recommended to protect your investment.

How much is condo insurance in Mississauga?

It costs YouSet users $23 a month on average for condo insurance in Mississauga. While this should give you a general idea of how much condo insurance is for condo owners in the city, prices will vary depending on your insurer, personal circumstances, and the coverage options you choose.

How do you buy condo insurance in Mississauga?

To buy condo insurance in Mississauga, the fastest and easiest way is to do it online through a digital insurance broker like YouSet. Not only can you get a quote in under five minutes, but once you receive your quote, you can customize your coverage limits and add-ons and proceed to checkout and purchase your policy instantly.

Making it easier to buy condo insurance online since 2017

Since 2017, YouSet has been making it easier for Canadians to buy condo insurance online. Why spend hours manually comparing quotes when our proprietary technology can do it all for you in less than 4 minutes? Not only that, but we’ll also have Canada’s top insurance providers competing for your business, ensuring you get the lowest-priced offers. With over 250,000 users and an average rating of 4.9 stars on Google and Facebook, YouSet is a trusted way to get the coverage you need for less.

Made with ♡ in Canada

YouSet Insurance is a damage insurance brokerage firm registered with the AMF in Quebec and RIBO in Ontario.

Company

  • Home
  • About
  • Help center
  • Careers
  • Claims
  • Newsroom
  • Become a partner

Check our prices

  • Car insurance
  • Home insurance
  • Condo insurance
  • Tenant insurance

More resources

  • Terms and conditions
  • Privacy policy
  • Complaint policy
  • Disclosure letter
  • CISRO principles of conduct
  • RIBO fact sheet

Insurance resources

  • How to buy car insurance
  • How to buy homeowner insurance
  • How to buy condo insurance
  • How to buy tenant insurance

Contact us

300-4 Place Ville-Marie, Montreal, QC

1800-175 Bloor St E., Toronto, ON

Contact us

  • English
  • French

©YouSet Insurance 2025 all rights reserved. By using this website, you agree to YouSet's Terms and Conditions and Privacy Policy | © Assurance YouSet 2025 tous droits réservés. En utilisant ce site web, vous acceptez les Conditions d’utilisation et Politique de confidentialité de YouSet.