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Here is a list of the best home insurance companies in Canada with company descriptions, bullet point good and bad reviews, and star ratings from reputable sources:
- Intact Insurance: Intact Insurance is the largest home insurance provider in Canada, offering coverage for homeowners, condo owners, and renters. They provide customizable policies that offer comprehensive coverage options.
Good reviews:
- Provides flexible coverage options
- Responsive customer service
- Competitive premiums
Bad reviews:
- Some customers have reported long wait times for claims processing
- Some customers have reported difficulty cancelling policies
Rating: 4.3 out of 5 stars on Google Reviews, 3.9 out of 5 stars on ConsumerAffairs
- TD Insurance: TD Insurance offers home insurance coverage for homeowners, condo owners, and renters, as well as coverage for landlords and rental properties. They provide coverage for a wide range of risks and offer multiple discounts and bundling options.
Good reviews:
- Offers a range of coverage options
- Provides competitive rates
- Quick and responsive customer service
Bad reviews:
- Some customers have reported delays in claims processing
- Some customers have reported difficulty reaching customer service representatives
Rating: 3.5 out of 5 stars on Google Reviews, 3.6 out of 5 stars on ConsumerAffairs
- Aviva Canada: Aviva Canada provides home insurance coverage for homeowners, condo owners, and renters. They offer customizable policies that allow customers to choose the coverage that best meets their needs.
Good reviews:
- Offers a range of coverage options
- Responsive and knowledgeable customer service
- Provides a user-friendly online platform for managing policies
Bad reviews:
- Some customers have reported difficulty reaching customer service representatives
- Some customers have reported difficulty navigating the claims process
Rating: 3.3 out of 5 stars on Google Reviews, 3.3 out of 5 stars on ConsumerAffairs
- Sonnet Insurance: Sonnet Insurance provides home insurance coverage for homeowners, condo owners, and renters. They offer customizable policies that can be tailored to meet the specific needs of customers.
Good reviews:
- Offers competitive rates and discounts
- Provides a simple and user-friendly online platform for policy management
- Offers a quick and easy claims process
Bad reviews:
- Some customers have reported difficulty reaching customer service representatives
- Some customers have reported difficulty navigating the claims process
Rating: 4.1 out of 5 stars on Google Reviews, 3.4 out of 5 stars on ConsumerAffairs
- Co-operators: Co-operators provides home insurance coverage for homeowners, condo owners, and renters. They offer a range of coverage options, including liability and personal property coverage.
Good reviews:
- Offers comprehensive coverage options
- Provides competitive rates and discounts
- Offers a user-friendly online platform for managing policies
Bad reviews:
- Some customers have reported difficulty reaching customer service representatives
- Some customers have reported difficulty navigating the claims process
Rating: 3.7 out of 5 stars on Google Reviews, 3.3 out of 5 stars on ConsumerAffairs
- Belairdirect: Belairdirect provides home insurance coverage for homeowners, condo owners, and renters. They offer a range of coverage options, including liability and personal property coverage. Belairdirect provides customizable policies that can be tailored to meet specific coverage needs.
Good reviews:
- Offers a range of customizable policies
- Provides competitive rates and discounts
- Quick and responsive customer service
Bad reviews:
- Some customers have reported difficulty navigating the claims process
- Some customers have reported difficulty reaching customer service representatives
Rating: 3.4 out of 5 stars on Google Reviews, 3.3 out of 5 stars on ConsumerAffairs
- Economical Insurance: Economical Insurance provides home insurance coverage for homeowners, condo owners, and renters. They offer customizable policies that can be tailored to meet specific coverage needs.
Good reviews:
- Provides a range of coverage options
- Offers competitive rates and discounts
- Offers a user-friendly online platform for managing policies
Bad reviews:
- Some customers have reported difficulty reaching customer service representatives
- Some customers have reported difficulty navigating the claims process
Rating: 3.2 out of 5 stars on Google Reviews, 2.7 out of 5 stars on ConsumerAffairs
- RSA Insurance: RSA Insurance provides home insurance coverage for homeowners, condo owners, and renters. They offer a range of coverage options, including liability and personal property coverage.
Good reviews:
- Offers competitive rates and discounts
- Provides a user-friendly online platform for managing policies
- Quick and responsive customer service
Bad reviews:
- Some customers have reported difficulty navigating the claims process
- Some customers have reported difficulty reaching customer service representatives
Rating: 2.9 out of 5 stars on Google Reviews, 3.3 out of 5 stars on ConsumerAffairs
- Desjardins Insurance: Desjardins Insurance provides home insurance coverage for homeowners, condo owners, and renters. They offer customizable policies that can be tailored to meet specific coverage needs.
Good reviews:
- Offers a range of coverage options
- Provides competitive rates and discounts
- Quick and responsive customer service
Bad reviews:
- Some customers have reported difficulty navigating the claims process
- Some customers have reported difficulty reaching customer service representatives
Rating: 3.1 out of 5 stars on Google Reviews, 2.8 out of 5 stars on ConsumerAffairs
- Wawanesa Insurance: Wawanesa Insurance provides home insurance coverage for homeowners, condo owners, and renters. They offer customizable policies that can be tailored to meet specific coverage needs.
Good reviews:
- Provides a range of coverage options
- Offers competitive rates and discounts
- Offers a user-friendly online platform for managing policies
Bad reviews:
- Some customers have reported difficulty reaching customer service representatives
- Some customers have reported difficulty navigating the claims process
Rating: 3.1 out of 5 stars on Google Reviews, 2.5 out of 5 stars on ConsumerAffairs
Tips: Choosing the Best Home Insurance Company in Canada
Choosing the best home insurance company in Canada can be a daunting task, but here are some tips to help you make an informed decision:
- Research and compare: Take the time to research and compare different home insurance companies. Look at the coverage options, policy limits, deductibles, and premium rates to find the best fit for your needs.
- Check the ratings: Look at the ratings of each company from reputable sources like the Better Business Bureau, JD Power, or Consumer Reports. This will give you an idea of the company’s reputation and customer satisfaction.
- Read reviews: Read reviews from multiple sources to get a comprehensive understanding of each company’s strengths and weaknesses. Look for patterns in the reviews, and pay attention to how the company responds to negative reviews.
- Consider customer service: Good customer service is important when it comes to home insurance. Look for a company that is easy to contact, quick to respond to inquiries, and has knowledgeable and helpful customer service representatives.
- Check for discounts and bundling options: Look for a company that offers discounts for bundling home insurance with other insurance policies, such as auto insurance. Also, look for other discounts, such as loyalty discounts, age discounts, or new home discounts.
- Review the claims process: Look for a company with a quick and easy claims process. Check for online claims reporting, 24/7 availability, and customer support throughout the claims process.
- Consider financial stability: Look for a company with a strong financial rating and a good track record of paying claims. This will give you peace of mind knowing that the company will be able to pay out claims if needed.
By following these tips, you can make an informed decision and choose the best home insurance company for your needs.
About the Author: Valerie D. Hahn
Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.
