Dear valued customers, as you must all be aware of COVID-19 and the strict protocols which have been implemented nationally, it is important that we continue to provide facilities to look after our current and prospective customers needs. Effective March 18th, 2020, My Insurance Broker closed its corporate offices and has since had all members of its staff and broker partners working from home. Although we maintain a few members of our team to continue to maintain administration functions, our doors continue to be temporarily closed to the public. We can however maintain all your queries through one of our secure alternative channels. Existing Clients: Please call us on our toll-free line or contact your broker directly. Our blog is constantly being updated and will have more information on ways to manage your policy, changes, and requests from the comfort of your home. Check back for this information and other useful tips while managing COVID-19 soon. New/Prospective Clients: Shopping has never been easier through our Online Quoter. Please complete your details online and one of our insurance specialists will contact you to discuss your coverage and premium. All of our agents are equipped to bind coverage over the phone so we’ve got you covered. No paper, no complicated emails or forms. One calls and have your policy in place over the phone! x

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December 16, 2018  •   3 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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Home Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.

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:

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Home, Condo, Rental and Seasonal

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
Home Insurance Quotes.
Home Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.

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.

Home Insurance Quotes.
Home Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.
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