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Having a good home insurance policy in Hamilton is important as it gives you peace of mind knowing you’re covered if something happens to your home. You’ll have financial protection if you have property damage or loss.

It's also important to make sure your policy is designed for your needs as all homes and homeowners are different. Our experts will make sure your policy protects you properly. We'll help you find the best home insurance quotes in Hamilton from our large selection of providers. You'll get personalized coverage for the lowest rate. Get started by comparing quotes online or give us a call and we'll be happy to help you.

How does home insurance in Hamilton work?

mother and daughter hugging in front door of their house

Most Hamilton homeowners have a home insurance policy even though it's not legally required. People have coverage to protect their investments. They also have it because it’s a requirement from lenders to get a mortgage. So, it's kind of required even though it's not

You can get your policy from a private insurance company or a Hamilton insurance broker. But make sure they are registered by FSRAO and are a member of the Insurance Bureau of Canada (IBC).

You choose a plan based on your needs. They range from basic to comprehensive and you can personalize your policy by adding coverages and adjusting plan limits.

For example, if you own a lot of personal belongings, you can take out additional contents insurance. Or if you have a large collection of sports cards, you can take out a policy to insure them.

There are plenty of options to customize your plan to meet all your needs. Speak with our insurance experts to create a policy specifically based on your home.

How to get home insurance quotes in Hamilton

Compare quotes for home insurance in Hamilton from Canada's top providers in just a couple of minutes.

1) Start your quote

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2) Enter your home details

Tell us about your home.

3) Compare best rates

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Choose your policy

Select the lowest home insurance rate and get insured.

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How much does home insurance cost in Hamilton?

In Hamilton, the cost of home insurance varies by property type and many other considerations. Premiums can range from $700 to $2,000 or more annually. Based on ThinkInsure customer premium data, the average cost of home insurance in Hamilton is $1,525. This is about $127 per month.

This is slightly more affordable than the average for Ontario home insurance. However, many individual considerations are factored into the quoting process. However, many individual considerations are factored into the quoting process.

What Hamilton postal codes have the most affordable home insurance?

Neighbourhood	Postal code	Average rate
Ancaster	L9G	➜ Below
Ainslie Wood	L8S	➜ Below
Bartonville	L8K	➜ Above
Beasley	L8R	➜ Above
Blakely	L8E	➜ Above
Cherry Heights	L8J	➜ Below
Delta East	L8K	➜ Above
Dundas	L9H	➜ Below
Grayside	L8E	➜ Below
Hamilton Beach	L8H	➜ Above
Rosedale	L8K	➜ Above
Stoney Creek	L8E	➜ Above

What factors affect Hamilton home insurance costs?

No two home insurance policies are the same in Hamilton. Rates vary based on your location in the city, neighbourhood, crime rate, and even the claims history in your region. Other things like square footage, replacement value, coverage type, and limits also apply.

Location
Property value and replacement cost
Coverage limits
Insurance deductible amount
Claims history
Home renovations, improvements, and upgrades
Roof, plumbing, and electrical type and age
Insurance endorsements and policy add-ons
Crime rate, local weather threats

5-star Hamilton home insurance

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Robert Storey

2024-04-19

Thanks to Evan for his great advice and great service!

SHIRAZ HUDDA

2024-04-17

Great experience with Todd Allen, very personable and excellent customer service! Highly recommend wish I knew earlier could have saved thousand$

Paul Ricketts

2024-04-16

I would like you to know how thankful i am to have been assisted by Neil Sullivan. His courteous, prompt and thorough service should be acknowledged and applauded.

Eric Kim

2024-04-11

**Updated to 5-stars - Felicia (Supervisor) called almost immediately after this review went up - validated my concerns (ie. confirmed with system notes, that I wasn't crazy), checked everything was good now on my end, and will use the experience as coaching points. This one call has completely changed my view** Terrible broker. I was "assigned" to them when I signed up for CAA insurance (via CAA's website). In the last two weeks alone, I've had to follow up with several different agents on my request (updates to my policy, because the initial set up was also incorrect for deductible, coverage, etc). It's almost as if the agent listens to my words, says they'll get to it and call back, but in reality just hang up and move on. I mean, they're all super friendly on the phone, but actions speak louder than words, and there hasn't been much action on their end. Easily the worst insurance broker I've interacted with.

M Matin

2024-04-08

Shakir was very professional and friendly, excellent service!

Jennifer Kan-Hodgson

2024-04-07

Todd Allen is prompt, efficient and courteous! Thinkinsure has the best rates!

Dan

2024-04-04

Todd Allen was able to help me find a low rate for home and auto. Thanks Todd!

Matt Amaral

2024-04-04

I had my first call with Bailey Molella, and right from that call I knew I was good hands with getting me a suitable quote for my insurance . I had to do some thinking about it still so I let Bailey know that I would contact him at a later date , and he was very understanding . When I did call back it was like we had just picked up from where we had left off , lots of support lots of help from him in making sure I had the right insurance company to move forward with . He was an absolute pleasure working with and highly recommend having him as your broker .

When should I get a home insurance quote in Hamilton?

Anytime is a good time to get home insurance quotes in Hamilton. Taking the time to compare premiums from multiple insurers ensures you are getting the best rate and plan for your property.

Here are ideal times to search:

When buying: Compare options before making your final purchase decision.
Moving: A different home and location will affect your rates. Know the cost changes and get your policy in order.
After a renovation: Upgrades can change how much coverage you need and may lower your costs.

How to get cheap Hamilton home insurance

There are many ways for Hamiltonians to get cheap home insurance. Use these tips to maximize your savings:

Install a home alarm system: Monitored security and fire alarms reduce risk, something insurers like.
Avoid filing small claims: Having a home insurance claim on your record can increase costs now and for years to come.
Combine home and car insurance in Hamilton: Bundling will qualify you for a discount on all policies. You could save up to 25%.
Don’t smoke: Smoking increases the threat of fire and ignites your rates.
Don’t over-insure your contents: Speak with your broker to determine the right amount of coverage and policy type.
Ask about discounts: Talk with your provider about potential home insurance discounts to reduce your rates.

Hamilton home insurance FAQs

Why do I need home insurance in Hamilton?

Your house is one of the biggest financial investments you’ll make in your lifetime. An effective home policy will help you protect this investment. Home insurance provides Hamilton homeowners with financial support when they need it most. It helps cover the cost of repairs and replacing personal belongings stemming from a claimable event. It ensures you are financially sound when you need it the most.

Compare home insurance quotes to find the right protection for your home.

Is home insurance in Hamilton mandatory?

No. Home insurance is not legally required in Hamilton, but you will need to show that you are insured to secure a mortgage. Even if you are mortgage-free, it’s worthwhile to have the extra protection. The same applies for condo insurance and renters insurance. They are not mandatory but highly recommended.

What does Hamilton home insurance cover?

Your policy will protect you from a variety of perils. It will protect you from the following risks:

Fire and smoke damage
Storm damage – wind, hail, lightning
Theft and vandalism
Water damage insurance
Falling objects
Liability
Additional living expenses

No two policies are alike. Make sure you are aware of what is and is not included. For example, things like sewer backup, flooding, and water damage are not included in all policies. But you can buy additional coverage for these perils.

What types of home insurance can you get in Hamilton?

Your needs vary based on the type of dwelling, the risks in your region, and other factors. Here are the four main types of home insurance for Hamilton residents to consider:

Comprehensive home insurance: This provides you with the most coverage. It protects your home and personal belongings against a large list of perils and risks. This is the most expensive, but you get the most protection.
Named perils home insurance: Also referred to as basic insurance, this only provides you with protection from the risks explicitly outlined in your policy. This is usually the most affordable option, but you have the least amount of protection.
Broad form home insurance: This gives you broad coverage for basic belongings and your building structure. It gives you a little more than a basic plan.
No Frills: This gives you the minimum amount you can get for coverage. This is typically for non-standard homes and situations.

What threats are not covered by home insurance in Hamilton?

Certain perils are not covered by your Hamilton home insurance policy. They include earthquakes and landslides, insect and pest infestations, overland flooding, and damage caused due to neglect of the property. You are also not covered for damage as a result of criminal acts or fraudulent activities.

What home insurance perils are specific to Hamilton?

The city lies within the Niagara escarpment and is close to Lake Ontario and other bodies of water. This means in Hamilton there are greater home insurance threats like overland flooding. In the winter, you need to protect against lake-effect snowstorms and other severe weather.

What threats are commonly excluded from home insurance in Hamilton?

Your home insurance policy in Hamilton does not protect you from all threats. There are some exclusions you need to know. These are commonly excluded threats:

Overland flooding (you'll need to add overland water coverage)
Sewer backup
Earthquakes and landslides (add earthquake insurance)
Water issues from frozen pipes
Pest damage
Pollution

Even though they are excluded, insurers offer additional coverage for the above. Speak with your advisor about add-ons.

About home insurance and living in Hamilton

Located in the Golden Horseshoe along Lake Ontario, Hamilton is one of the largest metropolitan regions in the province. The city has a population of over 570,000 and a CMA of about 750,000. The city is known for its unique combination of industrial companies, post-secondary institutions – McMaster University, and historical sites.

It’s an ideal location for commuters. You are on the cusp of the GTA, and directly in the middle between Toronto and Niagara. Housing and insurance prices also tend to be more affordable than in other cities in the GTA.

The risk of floods, extreme winter weather and storms, and even earthquakes are known to occur. These factors as well as your dwelling type can all impact your premiums.

Whether you live close to the escarpment, near the university, or on the upper or lower side of the mountain, we can help you find the right home insurance policy in Hamilton. Here is a breakdown of the number and types of residences in the region:

Type of dwelling	Percentage
Number of private dwellings	293,345
Single-detached houses	56.3%
Apartment buildings 5+ stories	15.5%
Apartment buildings with less than 5 stories	8.3%
Duplex	2.6%
Other dwellings	17.3%

Saving on your Hamilton home insurance is easy!

Affordable home insurance is only a quote away for Hamilton residents. Search for quotes online anytime with us. You can also speak with our experts to get a quote. It only takes a few minutes to save on the coverage you need.

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2024-03-20

Hamilton Home Insurance

Compare the best Hamilton home insurance quotes from Canada's top providers and protect your property for a lower rate.

Compare Hamilton home insurance quotes from top providers

Find the best home insurance in Hamilton

How does home insurance in Hamilton work?