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Home insurance in London is an invaluable form of protection for your dwelling. It is a valuable asset that 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 the leading home insurance companies in Canada to find your lowest rate. Get started with an online quote or give us a call and we'll be happy to help you.

How does home insurance in London work?

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 to get coverage to satisfy the loan requirements for your mortgage lender.

Residents of London have a variety of plans and product options to build out their home insurance plans.

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 coverage.

How to get home insurance quotes in London

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What affects home insurance rates in London?

How much London homeowners pay for home insurance is affected by many different things. 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 members 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.

5-star London 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 .

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 2023 customer quote data, the average home insurance cost in London is $1,356 per year. This works out to about $113 per month. Rates are more than $400 per year cheaper than the average home insurance in Ontario.

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.

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, it makes sense to have this form of financial protection in place. 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

Additional protection from other threats can be added 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. It offers coverage for all threats against your home and contents unless otherwise excluded.
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?

Certain perils are not covered by your insurance policy. 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 have exposure 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?

Here is a sense of how much you will pay for house insurance in these popular and common neighbourhoods in London:

Neighbourhoods	Postal code	Average rate
Byron	N6K	➜ Below
Fanshawe	N5X	➜ Above
Huron Heights	L9A	➜ Below
Lambeth	N6P	➜ Below
Oakridge	N6H	➜ Below
Tempo	N6L	➜ Above
Uplands/ Arva	N5X	➜ Below
Westminster	N6E	➜ Above
White Oaks	N6E	➜ Above

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 2023 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, its 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 clcik 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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2024-03-20

Home Insurance in London

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

Compare London home insurance quotes from top providers

Get London's best home insurance rates and coverage

How does home insurance in London work?