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December 16, 2018  •   2 minute read

Canada's Best Home Insurance Companies

Who they are and how they are rated.

Canada's Best Home Insurance Companies

If you’re a homeowner in Canada, chances are you’ve already spent a lot of time trying to untangle the knotty philosophy behind home insurance. The only certain thing about it is that everyone needs it. Everything else, from available providers to different policies, is open to consideration and debate.

The good news is, there’s an official list of Canada’s best home insurance companies.

Thanks to J. D. Power’s annual surveys of these companies’ customers, responsible homeowners in Canada can now access the ratings of leading insurance providers across the country and thus base their decisions on hard facts. Here’s more about that, plus how to determine the best home insurer.

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How Are Home Insurance Companies Rated

Satisfied or not, customers are always the most reliable source of information when it comes to choosing an insurance provider. J. D. Power ranks the best home insurance companies in Canada based on their customers’ past experiences, unbiased feedback, and 5 main factors. They are as follows:

  1. Non-claim interaction
  2. Price
  3. Policy offerings
  4. Billing and payment
  5. Claims

Three other sub-factors affect J. D. Power’s rankings - local broker or agent, website, and call center service representative. Taken together, these factors help create reliable criteria for choosing only the best and most affordable home insurance companies in Canada. These 10 home insurers top the list:

10 Best Home Insurance Providers in Canada

Canada's Best Home Insurance Companies
  1. Intact Financial Corporation
  2. Aviva Canada Inc
  3. Desjardins General Insurance Group
  4. RSA Canada Group
  5. Wawanesa Mutual Insurance
  6. Co-operators General Insurance Co
  7. Lloyd’s Underwriters
  8. TD Insurance, General Insurance
  9. Economical Insurance
  10. AIG Insurance Co Of Canada
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Can You Determine the Best of the Best?

Your property would be safe in the hands of either one of these 10 companies, but you’ll certainly have some specific preferences that will narrow this choice down. That’s where home insurance mediators come to the scene to help you broker the best possible deal for a suitable insurance policy.

Various websites that aggregate insurance quotes, insurance brokers, insurance companies that sell insurance, and banks that sell insurance will all try to convince you to opt for a certain home insurance coverage. Despite J. D. Power’s list, having so many different options can be overwhelming.

Who do you choose then?

You are a homeowner who values your peace of mind, and that makes insurance brokers the best possible solution in your case. Insurance brokers are negotiators, not sellers or resellers. As unbiased expert advisors, they are the only ones in the industry whose job is to look for their clients’ interests.

How Can My Insurance Broker Help You?

Thanks to our decade-long experience with insurance brokerage, My Insurance Broker now boasts powerful and trusting relationships with all of Canada’s leading home insurers. We can help you determine the best home insurance policy for your unique situation, and we can also negotiate the coverage on your behalf. For more info on how we can help you, contact My Insurance Broker today.

Questions? I'm here to help.
Get your insurance quote over the phone—in minutes!
We are available M-F 9am-6pm and will call you as soon as possible. Feel free to call us at 1 (855) 482-5001 During normal business hours.