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Find the best home insurance in Kitchener

There are a lot of reasons to pay close attention to home insurance in Kitchener. It protects your home, personal belongings, and your family against a long list of potential threats. It is a vital form of financial protection that will help you protect one of the biggest investments you will make in your life – your home.

Having coverage gives you the confidence in knowing you are covered if an unforeseen incident occurs. A fire, flood, or break-in could be financially devasting if Kitchener residents don’t have the right home insurance plan in place.

Regardless of where you live in the Kitchener-Waterloo region, ThinkInsure can help you quickly compare home insurance quotes. We are partners with the top home insurance companies in Canada. So you’ll get the plan you need to protect your dwelling at the lowest rates. Get started online or speak with a home insurance advisor to get a quote.

How to get home insurance in Kitchener

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5-star home insurance in Kitchener

Rated 4.7 out of 5 stars in 1291 Google reviews

We’ve helped thousands of homeowners in Kitchener find the right home insurance for their needs.

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C G

2023-04-18 17:28:34

Awesome Experience, Darryl Fardy is the man, got me set up quick and easily. Greatly Appreciated.

WOLFGANG MUENCH

2023-04-16 14:15:24

Lisa was very pleasant to work out the details

Nabanita Debsarkar

2023-04-14 16:21:15

Evan was our Magician. He was prompt in addressing our need yet patient to understand our situation and help accordingly. We are definitely going to go back to him, every time we have an insurance need. We highly recommend his service.

Erin Stewart

2023-04-12 23:54:34

After a car accident, for which I was unfortunately at fault, and complications with my old insurance provider, Bailey at ThinkInsure was able to help me in just a couple of days find and get signed up with a new insurance company. He was friendly, professional, prompt, and diligent, and didn't make me feel bad for my past mistakes. He answered any questions I had and made me aware of all my options in layman's terms. I am fully satisfied with my experience and would recommend both Bailey and ThinkInsure to anyone seeking out first time insurance or a new insurance provider.

Anna Hicks

2023-04-06 14:29:50

I had contacted numerous insurance companies over couple of days . I called Thinkinsure and it became our last stop . The price was by far the best, the professional and friendly and calm service provided by Darryl Fardy was exceptional. Darryl is definitely a huge asset for the company as we got things done fast and efficiently. I have already recommended this company to many people .

debbie doyle

2023-04-04 14:31:06

Very considerate, clear and accurate of their knowledge. They follow up and are quick to reply. I would recommend this insurance company, I’m very satisfied.

Jared Haird

2023-03-30 23:58:05

Great experience. Fast and friendly service. Todd was extremely helpful with all of my requests. Highly recommend giving Todd a call for your insurance needs.

Marie

2023-03-28 21:02:28

If anyone is out there looking for a great insurance broker, I highly recommend Evan Venditti at ThinkInsure. His customer service and care were tremendous ... he was extremely prompt, responsive and personable. His knowledge and expertise are top notch and he was an absolute pleasure to work with.

How Kitchener home insurance works

Home insurance in Kitchener is the same other cities in the province. No matter where you live, the same rules apply. This is also true for condo insurance and renters insurance.

The regulations are overseen by the Financial Services Regulatory Authority of Ontario (FSRAO).

Home insurance in Kitchener is not mandatory. But mortgage lenders and banks will require you to have it to qualify for a loan. So, in this sense, it is required. Even if your mortgage is paid off, having a policy gives you peace of mind and ensures you are protected.

What are the types of Kitchener home insurance?

There are four main types of home insurance plans people in Kitchener can purchase when getting quotes. There are also endorsements and add-ons you can add to enhance your coverage. Policy types are:

Comprehensive: This is the most extensive plan available. You have coverage against all perils unless it is specifically listed as an exclusion. You have protection for your dwelling, contents, and liability.
Broad: This is one step down from comprehensive. You have similar protections, however, there are other perils not covered.
Named perils: This is a basic plan. You are covered for the perils listed on your plan. What is protected will vary by the insurance company.
No frills: This is designed for non-traditional properties. Coverage may not protect your home or belong up to its actual value.

There is also a large selection of optional coverage you can add, including:

How much is home insurance in Kitchener?

The average home insurance cost in Kitchener is approximately $1,500 per year. This works out to a monthly payment of about $125. You could be paying a lot more, or less, depending on the type of property you own and where it is located. Think you are spending too much on insurance? Get an accurate estimate by contacting us today to explore your options.

What factors affect Kitchener home insurance premiums?

Here are some of the factors contributing to the cost of home insurance in Kitchener:

Location: City, neighbourhood, postal code, distance from fire hydrant and station.
Risk: Crime rate, claims volume and cost.
Building and systems: Construction type, wiring, plumbing, home age, heating system.
Plan: Policy type, limits, endorsements, deductible.
Contents: Overall value, the need for special coverage for jewellery, collectibles, sports equipment, tools, etc. Get more information about contents insurance.
Security: Alarm system, locks, smoke detectors.
Discounts: The number of discounts you qualify for.
Insurance history: Number of past claims.

How to get cheap Kitchener home insurance

Saving on home insurance in Kitchener is important to all. It's one way to help reduce the overall cost of homeownership. Here are some ways get cheaper premiums:

Shop around and review your options before taking out a policy
Work with a Kitchener insurance broker
Combine home and car insurance in Kitchener
Raise your deductible
Improve your home security
Speak to your insurance company about potential discounts
Make improvements to your land and structure that are insurance friendly (new roof, upgrades to plumbing, electrical, etc.)

Kitchener home insurance FAQs

What does home insurance cover in Kitchener?

Kitchener home insurance policies are designed to protect your home, belongings and offer you liability protection. Here is what is covered in a standard policy:

Dwelling: This is your dwelling and other structures on your land (garage, shed, pergola, gazebo).
Contents: Your personal belongings. This includes clothing, appliances, furniture, décor, electronics, etc.
Liability: Protection if you are accused of liable or negligence. For example, someone is injured on your property.
Additional living expenses: Receive compensation for expenses such as hotels and food if you need to vacate your home while it's being repaired after an insured loss.

Is home insurance cheaper in Kitchener?

Home insurance costs in Kitchener are like many other cities in the province. There are so many variables that make it challenging to assess rates with other homeowners and in other regions. Your dwelling size, value, location, systems, and personal contents can all vary greatly. A better approach is to look at the factors that impact your unique situation and find ways to lower your payments.

How much home insurance in Kitchener do I need?

It honestly depends on your specific situation. Your home type, location, personal belongings, and even your risk tolerance all play a role in deciding your home insurance needs in Kitchener. If you are not sure which policy type makes the most sense for you, speak with our experts. We’ll work with you to assess your situation and choose the best plan for you.

What are some things that can increase my home insurance rates in Kitchener?

There are a lot of factors that can push your home insurance premiums higher than the median cost in Kitchener. Here are things that can increase how much you pay:

You run a business out of your home
You have a finished basement
You have a lot of collectables, art, or high value items
You use your property as an Airbnb or rental
You have a pool
You have pets

What threats does Kitchener home insurance protect me from?

Home insurance protects you against a variety of perils and financial threats in Kitchener. Depending on your policy type, you could have protection against the following:

Fire and smoke damage
Water damage
Weather events (hail, wind, lightning)
Theft and vandalism
Falling objects
Explosions

You can also take out endorsements to add to or enhance your plan. Options will vary based on your insurer and your specific requirements.

About home insurance and living in Kitchener

Kitchener is one of the fastest-growing cities in the province. It’s known for being a hub for technology innovation. It is home to a variety of health science, manufacturing, and tech companies.

Located along Highway 401 and Highway 8, Kitchener, along with Waterloo and Cambridge, are part of three cities that make up the tri-cities in the Waterloo region. Collectively, there are over half a million people in the area, with over 230,000 residing in Kitchener.

Where you live in Kitchener can have a direct impact on your home insurance quote. Information such as the crime rate, weather threats, the number and cost of claims in your neighbourhood are all considered by insurance companies when determining your premiums. Your type of home is also a consideration. Here is a breakdown of the number and types of dwellings in the region:

Type of dwelling	Percentage
Number of private dwellings	200,495
Single-detached houses	55.20%
Apartment buildings 5+ stories	11.00%
Apartment buildings with less than 5 stories	13.10%
Duplex	3.00%
Other dwellings	17.80%

Source: Statistics Canada

Kitchener home expenses and insurance

Like many other cities in the province, real estate prices have increased exponentially over the past few years. The value of your land is another factor used by insurers to assess your rates. Here is information about house value and other home expenses for living in Kitchener:

Item	Amount
Average home value (March 2022)	$1,007,109
Property taxes for a $500K home	$5,497
Property tax (2020)	1.10%
Unemployment (June 2021)	6.70%
Homeownership	67.90%
Average household income (2016)	$79,056

Saving on your Kitchener home insurance is easy!

Reducing your Kitchener home insurance payments is only a click or call away. Shop for quotes online anytime on our website. It only takes a few minutes. Or talk with our experts directly to find even more savings.

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2023-06-08

Get The Best Kitchener Home Insurance Quotes

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

Find the best home insurance in Kitchener