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Written by Nolan Wilson Updated on April 17, 2025 min read

Get London's best home insurance rates and coverage

Home insurance in London is an invaluable form of protection for your house. Home and property insurance protects your property and belongings, and safeguards you against liability claims. A fire, flood, weather damage, or even a slip and fall on your property can happen to anyone. And, it could put you in financial jeopardy without proper home insurance coverage in London.

Our advisors will help you shop for and select a personalized home insurance policy designed for your needs in London. Better yet – we’ll find you a budget-friendly plan and help you save money too! We'll compare quotes from Canada's leading home insurance companies to find your lowest rate. Get started with an online quote, or call us, and we'll be happy to help you.

Top things to know about London home insurance coverage

London homeowners pay an average of $1,071 annually for coverage. This is less than $100 per month.
West London and Byron have the city's most affordable home insurance rates.
The best way to save on home insurance in London is to compare rates from multiple providers.

How does home insurance in London work?

home with a charming exterior, featurimg a combination of wood paneling and stonework around the garage and front porch.

Insurance is regulated at the provincial level by the FSRAO. So, home insurance works the same in London as in all cities in the province.

Most homeowners in London have an insurance policy. It’s not legally required. But it’s needed to qualify for a mortgage. So, you’ll need coverage to satisfy your mortgage lender's loan requirements.

London residents have various plans and product options for building out their home insurance policy.

You have a lot of options. You can customize your policy to meet your specific needs. For example, if you have a lot of personal belongings, you can get extra contents insurance. Have a lot of jewellery? You can take out extra jewellery insurance. You can even get identity theft insurance if you want additional protection against fraud. There is no shortage of ways to personalize your home insurance coverage in London.

How to get home insurance quotes in London

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What affects home insurance rates in London?

Many different things affect how much London homeowners pay for home insurance. Your home type and build, coverage selection, regional threats, and personal belongings all play a role. So does your insurance claim history. Insurers use the following information to predict your level of risk. Here are the top factors insurers consider when calculating rates:

Dwelling: Square footage, age, building features and structure, personal contents, and systems (plumbing, heating, electrical).
Location: Postal code, localized threats, claims cost in the area, claims frequency, proximity to a fire hydrant, and emergency services.
Policy: Your plan type, endorsements, limits, and customization.
Personal: Your claims history, and applicable discounts.

Ways to get cheap home insurance in London

Just like your auto policy, saving on your home insurance isn’t complicated for London residents. You can get an affordable price if you follow a few simple steps. You just need to understand the key factors that influence your rates and take the proper action. Here are ways to get cheaper home insurance premiums in London:

Combine your home policy with car insurance in London when getting quotes.
Work with an insurance broker in London to explore your options with insurance carriers.
Increase your insurance deductible, and you’ll pay lower premiums
Pay your premium in full each year to avoid interest and administrative fees.
Install centrally monitored smoke detectors and security systems
Stay claims-free
Ask about loyalty and professional membership discounts with your insurance company
Talk to your insurer about applicable discounts (retiree, mortgage-free, non-smoker, union membership, alumni)
Don't stay with the same insurance company without first exploring your insurance options.

Latest home insurance quotes in London

2024/10/21

Homeowner from LONDON, ON
Building Type: Detached
CAA	$2,838
Wawanesa	$3,494
Unica	$4,238
Intact	$5,279
Savings from top 4 lowest quotes	$2,441

2024/10/07

Homeowner from LONDON, ON
Building Type: Semi Detached
Wawanesa	$946
CAA	$1,444
Unica	$2,260
Intact	$2,319
Savings from top 4 lowest quotes	$1,373

2024/09/29

Homeowner from LONDON, ON
Building Type: Detached
Wawanesa	$1,604
CAA	$2,155
Unica	$3,462
GORE	$4,086
Savings from top 4 lowest quotes	$2,482

2024/09/06

Homeowner from LONDON, ON
Building Type: Semi Detached
CAA	$1,550
Wawanesa	$1,668
Unica	$2,013
Intact	$2,893
Savings from top 4 lowest quotes	$1,343

5 star London home insurance

Rated 4.7 out of 5 stars in 1463 Google reviews

We’ve helped thousands of Londoners find the right home insurance for their needs.

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Kevin St Clair

2024-11-28

Betsy was a genuine pleasure to deal with considering the circumstances. Thanks again for all your help

Anthony Gomez

2024-11-27

Today, I want to take a moment to recognize Monica Chan, an exceptional insurance broker who has consistently gone above and beyond in her service to me. Monica's dedication to punctuality and consideration has been truly remarkable. She has always been prompt in responding to my inquiries and has never hesitated to offer her expertise and guidance. With Monica as my broker, I have never once felt worried about anything going wrong. Her proactive approach and attention to detail have provided me with peace of mind, knowing that my insurance needs are well-taken care of. Throughout our interactions, Monica has been incredibly helpful, patiently explaining complex insurance concepts and ensuring that I fully understand my coverage options. I wholeheartedly recommend Monica Chan to anyone seeking an insurance broker who genuinely cares about their clients' best interests. Her commitment to excellence and her willingness to go the extra mile make her an invaluable asset in the insurance industry.

Phyllis Baker

2024-11-20

Absolutely amazing service the broker Todd worked on my quote fast I recommend this company to anyone very professional I’m so glad I called them .. Thank you for your great work

Charles Cameron

2024-11-15

Betsy Bannon has been nothing short of amazing at helping us through the complex process of acquiring business insurance. She quickly understood our needs and expertly guided us to the right solution. From start to finish, she made us feel like her most important client which gave us the confidence that we were in great hands. We highly recommend Betsy!

Jermaine M

2024-11-05

I had a great experience with Patrick Vuong. He went above and beyond to help me update last minute changes to my policy in order to qualify for a government grant. Staying back late and coming in early the next day to help finishes the changes. Very kind and professional!

Mark Gaffney

2024-11-05

Betsy Bannon is a professional extremely friendly and knowledgeable and made my experience wonderful! Highly recommend her for any insurance needs. Mark Gaffney

fabian ward

2024-11-04

Great service! Prompt and very helpful! Thanks to Todd allan for really helping me out!

Stephen Mcfadden

2024-11-01

Great experience working with Sohel Rahman, appreciate his honest and can-do attitude. Highly recommend!

What is the average home insurance cost in London?

Home insurance costs can vary significantly for London residents. How much you pay largely depends on your location, replacement costs, property value, and other considerations.

According to 2024-2025 customer quote data, London's average home insurance cost is $1,071 per year, or about $89 per month. Rates are about $400 per year cheaper than the average home insurance in Ontario. Overall, premiums can range from as low as $336 to $2,838 or more.

You could pay more or less based on your specific situation. Start an online quote to find the most affordable premiums. Or, give us a call to find even more savings and coverage options.

How home insurance payments in London compare to other nearby cities

Our customer quote data shows Londoners pay less for home insurance than some surrounding cities. Here’s how they compare:

City	Avg annual premium (2024-25)	Monthly rate
St Thomas	$1,742	$145
London	$1,071	$89
Chatham	$1,369	$114
Woodstock	$1,267	$106
Ingersoll	$1,055	$88
Sarnia	$1,382	$115

London home insurance prices compared to cities across the province

On average, London residents typically pay a few hundred dollars less per year for home insurance coverage. See how they compare below:

Average London car insurance rate compared to other Ontario cities info graphic

London home insurance rates by dwelling type

Home type is a top factor insurers consider when calculating your premiums. Here’s an example of how rates change based on your dwelling type:

Dwelling type	Avg annual premium (2024-25)	Monthly payment
All home types	$1,071	$89
Detached	$1,158	$97
Semi	$1,206	$101
Duplex	$1,406	$117

How do home insurance claims affect premiums in London?

Less is more when it comes to home insurance claims. The fewer the claims on your record, the more you will save. The information below illustrates how getting a claim can affect your payments.

Number of claims	Avg annual premium (2024-25)	Monthly payment
Clean record	$1,071	$89
1 claim	$1,170	$98
2 claims	$1,743	$145

London home insurance FAQs

Is home insurance mandatory in London?

Home insurance is not legally required in London. But since your house is a huge investment, having this form of financial protection in place makes sense. Additionally, you will need to have proof of coverage to qualify for a mortgage. Even if you don’t have a mortgage, it is still worthwhile to have complete financial protection from threats.

How does London home insurance protect my property?

Homeowners insurance in London serves as a type of financial assistance. It allows you to receive a lump sum payment to help you out when you file a claim. If your home is damaged, you will receive compensation and assistance to replace and repair your home and belongings (up to your policy limits). This includes other structures, such as your garage and shed. You also have liability protection if someone were to get injured on your property. This includes coverage for legal expenses.

Your insurance policy includes protection for:

Physical structures: House, shed, garage, fence, etc.
Contents and belongings: All of the things in your house: furniture, clothes, decor, and more.
Personal liability: If someone is injured on your property or they sue you.
Additional living expenses: Insurers cover the costs of food and accommodations if you are forced to leave your home during repairs.

What risks does London home insurance cover?

Home insurance protects you against a variety of threats in London. Depending on your insurance policy choice, it typically covers:

Home theft
Fire, smoke (get extra fire insurance for more protection)
Vandalism
Water damage
Explosions
Wind, hail. Lightning and other weather damage
Falling objects

You can add additional protection from other threats to customize your plan. Make sure to consider this when you compare quotes.

How much London home insurance do I need?

No two London homeowners have the same home insurance coverage requirements. Your requirements vary based on your specific needs and lifestyle. For example, you may need condo insurance, renters insurance, or other personalized insurance solutions.

There are four main types of insurance plans:

Comprehensive home insurance: This has the most protection. Unless otherwise excluded, it offers coverage for all threats against your home and contents.
Named perils home insurance: Get protection from the perils specifically listed in your plan. If they are not listed, they are not included.
Broad form home insurance: Your structure is protected against all risks. Your contents are protected only from perils listed in the policy.
No frills: This is a plan designed for non-typical properties. You can add more coverage for specific perils by adding endorsements for protection against overland flooding, high-value content, and much more. This allows you to personalize your plan.

What is not covered by homeowners insurance in London?

Your insurance policy does not cover certain perils. But you can still get them by adding them to your plan as an endorsement. Here is a list:

Earthquake insurance
Landslides
Flood insurance
Sewer backup insurance
Deliberate damage
Damage from insects or rodents
Mould, rot and general wear and tear
Damage because of criminal activities

Do not assume. Don't wait until the claims process to find out what your policy covers.

What will increase the cost of home insurance in London?

There are a variety of belongings, building projects, risks, and liabilities that can increase the cost of your policy. Here are things that will increase your premiums:

Increasing plan limits
Adding endorsements
Finishing your basement
Running a business in your home (you’ll need home business insurance)
Pets, pools, and trampolines - they increase liability threats
Moving to a higher risk area
Insuring collectables, art, and sports equipment

What kind of home insurance threats are specific to London?

The city is positioned right along the snowbelt in Southwestern Ontario. The area typically experiences a large amount of snowfall. It also has a large amount of precipitation in the spring. These factors can create the right environment for flooding, freezing pipes, sewer backup, and other weather-related home insurance damage for London residents. Whether you live in neighbourhoods such as Byron, Masonville, Wortley Village, or East London, you are exposed to these weather threats.

What is the best home insurance company in London?

ThinkInsure partners with some of the best home insurance companies in London. We can compare quotes and coverage from top companies like CAA, Aviva, Intact, Wawanesa, Economical, Travelers, Gore Mutual, Pembridge, SGI Canada and many more. Contact our brokers to get quotes and compare your options.

What areas in London have the lowest home insurance?

Our customer quote data shows West London and Byron have the most affordable home insurance. Here is a sense of how much you will pay for house insurance in these popular and common neighbourhoods in London:

Area in the City of London	Postal codes	Premium	Monthly payment
East London	N5W	$842	$70
Carling	N5Y	$1,360	$113
Fanshawe, Stoneybrook, Northcrest, Uplands	N5X	$965	$80
North London	N6A	$865	$72
Central London	N6B	$1,271	$106
South London	N6C	$893	$74
London West	N6H	$796	$66
Byron	N6K	$794	$66

About home insurance and living in London

The region has experienced significant growth over the past few years, and it's projected to continue in 2025 and beyond. It is home to more than 515,000 residents in the metro area, with 422,000 in the city proper. It is in Southwestern Ontario. Highway 401 runs along the south end of town. The city is known for Western University, Fanshawe College, the LHSC hospital network, and the manufacturing industry.

Here is a breakdown of the number and types of dwellings in the region:

Type of dwelling	Percentage
Number of private dwellings	206,450
Single-detached houses	55.90%
Apartment buildings 5+ stories	16.80%
Apartment buildings with less than 5 stories	10.10%
Duplex	2.50%
Other dwellings	14.70%

Source: Statistics Canada

Saving on your home insurance in London is easy!

Saving money on home insurance in London is only a call or click away. Get a quote online anytime in a couple of minutes, or speak with our home insurance experts to uncover even more savings. We'll make sure your home is protected for a great rate.

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Sources

* Based on the difference between the average lowest home insurance premium and the overall average premium in London for quotes completed from January 1, 2024, to March 5, 2025.

** Home insurance property quotes collected from the City of London ThinkInsure customers from January 1, 2024, to March 5, 2025.

Nolan Wilson

Content Marketing Manager

Nolan is a content marketing manager and writer at ThinkInsure. He has 15+ years of experience in the insurance industry, working with brokerages and direct insurers to create compelling insurance content, specializing in auto, home, and commercial.

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Home Insurance in London

Compare quotes for home insurance in London and find a better rate. You could save $265* or more!

Compare London home insurance quotes from top providers

Get London's best home insurance rates and coverage

Top things to know about London home insurance coverage

How does home insurance in London work?