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Find the best home insurance in Mississauga

Shopping for home insurance in Mississauga? You’ve put a lot into your home. Protecting the investment in your home is extremely important. ThinkInsure has been providing Mississauga homeowners with personalized home insurance coverage for over 45 years. Our home insurance experts find the best home insurance protection and shop for the lowest rates.

There are many threats such as storm and water damage, break-ins, and other claimable events are threats you have to address. This is where having proper insurance helps. Your coverage will protect you financially if damage or an unforeseen event were to occur. Our advisors will help you find the home insurance you need to be confident that your home in Mississauga is protected.

We also know you want to get cheap home insurance in Mississauga. At ThinkInsure, we are partners with the leading home insurance companies in Canada. Our experts will help you quickly search for the best quotes and help you save more. Get started by comparing quotes online or contact us anytime to get a quote.

How to get home insurance in Mississauga

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1) Start your quote

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5 star home insurance in Mississauga

Rated 4.7 out of 5 stars in 1291 Google reviews

We’ve helped thousands of homeowners find the right home insurance in Mississauga.

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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 Mississauga home insurance works

Mississauga residents follow the same rules and regulations for home insurance as everyone else in the province. The FSRAO regulates insurers in the province. Most insurers are a member of the Insurance Bureau of Canada (IBC).

Even though it is not mandatory, getting a home insurance policy is recommended if you live in Mississauga. If you have a mortgage, your lender will require proof of a plan as part of the loan application. Even if your home is paid off, it’s vital that you have good coverage to protect your dwelling and personal belongings against common threats.

In general, there are four main types of coverage:

Comprehensive: You have protection for anything unless it's excluded from your plan.
Basic (named perils): You have insurance for the perils that are listed in your plan.
Broad: You have comprehensive coverage for your building and named perils on your content.
No frills: Minimal protection for homes that don’t meet normal standards.

Each type has specific coverages and limitations. You can also add endorsements and specialized products to customize your plan to service your unique requirements.

For example, if you have expensive jewellery, you can add jewellery insurance to your policy for more coverage.

The rules are the same for condo insurance and renters insurance. You can adjust your policy based on your living situation and personal preferences.

How much does home insurance in Mississauga cost?

Mississauga home insurance rates are decided on a case-by-case basis. Each property has unique characteristics and factors that affect premiums. The city is known for having higher than average costs compared to other cities in the province.

On average, Mississauga home insurance premiums can range from $900 to $2,300 or more. This is about the same as Toronto home insurance.

What factors affect Mississauga home insurance costs?

Looking down on a brick house with a boat in the driveway and other homes in neighborhood

No two insurance policies are the same. These are the top factors that will affect your rate:

Location
Home replacement cost
Plan limits
Deductible amount
Renovations and improvements
Roof, plumbing, and the electrical type and age
Policy endorsements
Property use
The crime rate in the area
The insurance company issuing the policy

Mississauga home insurance FAQs

Why do Mississauga homeowners need insurance?

A home insurance policy is one of the best important types of coverage you can have if you own a house in Mississauga. For most people, your home is the biggest financial investment you’ll make in your lifetime. An effective policy protects this investment. You never know when an unforeseen event or catastrophic loss could occur.

What is covered by homeowners insurance in Mississauga?

Home insurance in Mississauga provides you with a variety of types of protection. It includes:

Personal belongings such as clothing, furniture, and electronics.
The cost of rebuilding your house if it is damaged.
Living expenses if you must leave your home during a loss.
Personal liability if someone is hurt on your property and files a lawsuit.

There are also things you are not covered for. Using your property for home-sharing, running a business, or leaving your home vacant requires more coverage.

You can add contents insurance and protection from flooding, water damage insurance, and other perils. There are many ways to customize your insurance.

What company has the lowest home insurance in Mississauga?

There is not a single home insurance company that has the lowest home insurance in Mississauga. Insurance companies use distinct factors and have unique formulas to set their premiums. So premiums can vary significantly. The most affordable option depends on your needs and the insurers you get a quote with.

Working with ThinkInsure is the best effective way to save money. We’ll help you compare quotes from the top providers and ensure you get the right amount of coverage for your home at the cheapest rate.

What can you do to get cheap home insurance in Mississauga?

Amid rising premiums, there are still many ways to keep your costs in check. Here are simple yet effective ways to get cheaper home insurance in Mississauga :

Shop around for quotes
Review your needs and adjust your policy accordingly
Combine home and auto insurance quotes
Improve safety around the house
Pay your fees annually
Raise your deductible
Buy and live in a safe neighbourhood
Be claims-free

Qualifying for these and other discounts ensure you pay less. Speak with our experts today to take advantage of these price reductions.

What threats do Mississauga homeowners need to protect against?

When you own a property, you are inherently exposed to different risks. Here are some of the home insurance items you will have protection against in Mississauga:

Fire and smoke damage
Storm damage – wind, hail, lightning
Theft and vandalism
Water damage
Falling objects
Liability
And more

About home insurance in Mississauga

Mississauga is in the GTA on Lake Ontario within the Peel Region. It has a land area of 292 square kilometres. The city has more than 800,000 residents and counting, making it the third-largest city in the province.

It is known for its multicultural communities and expanding business sector. It is home to Pearson International Airport and corporate headquarters to top Canadian and international businesses. There is no shortage of places to work and things to do and see. The city has a huge entertainment hub, Square One Mall, and a beautiful waterfront community in Port Credit.

Like other cities in the GTA, the city is made up of a collection of over 20 diverse neighbourhoods. Each one has a unique profile that can affect your premiums. These areas have many different types of housing including detached and semi-detached homes, townhomes, apartments, duplexes, and condos. Whether you live along the lake, close to highway 401, or near Square One Shopping Centre, we can help you with your Mississauga home insurance needs.

Your home type changes how much you will pay for insurance. Here is a look at the number and types of private residences in the region:

Type of dwelling	Amount
Number of private dwellings	248,469
Single-detached houses	90,780
Apartment buildings 5+ stories	63,130
Apartment buildings with less than 5 stories	17,630
Duplex	8,120
Other dwellings	26,730

Source: Statistics Canada

Mississauga home and insurance information

Your property value and its replacement cost will affect what you’ll pay for coverage. Here is a look at costs associated with buying and owning a home in the 905 area:

Item	Amount
Average home price	$1.193 million (May 2022)
Property taxes ($500k home)	$3,960
Residential property tax	0.79%
Unemployment	6.3% (April 2022)
Homeownership	72.30%
Average household income	$83,286 (2016)

Location impacts Mississauga home insurance rates

Your city, neighbourhood, postal code, and proximity to fire halls, rivers, and landmarks can all affect your Mississauga home insurance quotes.

At ThinkInsure, we can help you find lower rates in all Mississauga neighbourhoods:

Applewood
Central Erin Mills
Churchill Meadows
Credit Valley
Clarkson/Lorne Park
Cooksville
East Credit
Erin Mills
Erindale
Fairview
Hurontario
Lakeview
Lisgar
Malton
Meadowvale
Meadowvale Village
Mineola
Mississauga Valleys
Port Credit
Rathwood
Sheridan
Streetsville

Saving on your Mississauga home insurance is easy!

Comparing home insurance quotes doesn’t have to be complicated for Mississauga residents. At ThinkInsure, you can quickly look for quotes online. Get estimates from the top insurance companies in Canada. Find the protection you need at affordable rates. You can save even more by speaking with one of our advisors.

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Insurance Blog And News

Read our insurance blog get helpful tips, information and news.

2023-06-08

Get The Best Mississauga Home Insurance Quotes

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

Find the best home insurance in Mississauga