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    How to Get the Cheapest Tenant Insurance in Ontario

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    what does tenant insurance cover ontario canada

    With rates as low as $11/month, APOLLO Insurance offers renter insurance in Ontario at one of the lowest prices. In less than a minute, use our online platform to acquire a price, and we'll deliver your policy documents straight away. Renters need tenant insurance to secure their personal property and to provide liability coverage in the event of an accident. This post will examine the variables influencing renters insurance costs and offer advice on how to locate the most affordable renters insurance in Ontario without compromising coverage.


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    Understanding Tenant Insurance

    Renters and their personal belongings are protected by tenant insurance, sometimes referred to as renter's insurance. A standard renter insurance policy includes three primary types of coverage:

    • Personal property: Coverage for your belongings, such as furniture, electronics, and clothing, in case of theft, fire, or other risks.

    • Liability: Coverage for legal expenses and damages if you are found responsible for injuring someone or damaging their property.

    • Additional living expenses: Coverage for temporary accommodations if your rental unit becomes uninhabitable due to a covered loss.

    Having tenant insurance not only provides financial protection but also offers peace of mind, knowing that you are covered in case of unforeseen events.

    Factors Affecting Tenant Insurance Rates

    Several factors influence the cost of tenant insurance premiums, including:

    • Location: The area you live in can impact your insurance rates, with higher premiums in locations with higher crime rates or more frequent natural disasters.

    • Coverage amount: The more coverage you need for your personal belongings, the higher your premium will be.

    • Deductibles: A higher deductible (the amount you pay out-of-pocket before your insurance kicks in) can lower your premium, but make sure you can afford it in case of a claim.

    • Discounts and bundling options: Many insurers offer discounts for bundling multiple policies, installing safety devices, or maintaining a claims-free history.


    APOLLO offers tenant insurance starting at just $11/month.

    Get the protection you need in minutes with custom Tenant Insurance from APOLLO.

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    Tips to Get the Cheapest Tenant Insurance

    1. Shop around

    Compare quotes from several insurance providers to get the best possible rate on renter insurance. To determine the average rates for your area and coverage requirements, use online comparison tools. To obtain the greatest deal, don't be scared to negotiate with insurance.

    2. Choose the right coverage amount

    Assess the value of your belongings to determine the appropriate coverage amount. Over-insuring can lead to higher premiums, while under-insuring may leave you with insufficient coverage in case of a loss. Create an inventory of your possessions and their estimated value to help you make an informed decision.

    3. Increase your deductible

    Opting for a higher deductible can lower your insurance premiums. However, make sure you can afford the deductible amount in case you need to file a claim.

    4. Take advantage of discounts

    Ask potential insurers about available discounts, such as multi-policy discounts for bundling home and auto insurance, safety and security discounts for installing smoke detectors or security systems, and claims-free discounts for maintaining a clean claims history.

    5. Maintain a good credit score

    A good credit score can positively impact your insurance rates, as insurers often use credit scores to determine premiums. To improve your credit score, pay your bills on time, minimize debt, and periodically review your credit report for errors.

    6. Review your policy annually

    Make sure your renter insurance coverage still fits your needs and budget by giving it an annual review. When necessary, update your coverage, and keep an eye out for any new savings opportunities or cost adjustments.

    APOLLO offers effortless tenant insurance starting at just $11/month. Get your free quote in less than a minute and we’ll send your policy documents directly to your inbox.


    APOLLO Has You Covered

    Get the protection you need in minutes with custom Tenant Insurance from APOLLO.

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    Originally published June 26, 2023, updated February 27, 2024

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