Kingston Home Insurance Rates Review



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Every home or property owner that has experienced any form of loss or damage to his or her properties will understand the financial burden of repair, rebuild, or replacement of the lost or damaged possessions.

Hence, such a homeowner will appreciate the importance of having home insurance coverage on the home. Kingston home insurance provides coverage and financial protection for Kingston homeowners against loss or damage of the home and its contents, caused by insurable risks.

Kingston Ontario is one of the best places and cities to call home. This city has some of the oldest structures in the Ontario province, and the influx of people to the beautiful city implies that new structures are being put in place to accommodate the growing population. Having proper insurance coverage is vital for all homeowners in Kingston.

Home insurance gives the homeowner peace of mind in the event of theft, fire, vandalism, or any other insured peril. Likewise, home insurance covers the personal liability of the homeowner for unintentional property damage or bodily injury sustained by others on the property.

No two insurance policies are the same, and each homeowner has unique coverage needs. Hence, it is important for homeowners to identify and work with accredited insurance providers who understand their home insurance needs. It is often recommended for all homeowners to compare rates from insurers to get the most affordable rates.

Although home insurance is not a legal requirement for homeowners, unlike car insurance, we often advise and recommend that homeowners should ensure the proper coverage of their home against unforeseen circumstances.

However, homeowners who owe a mortgage on their home are required by lending institutions, as prerequisites, to get the proper home insurance coverage on their investments. By doing this, the homeowner is able to transfer risks.

Your home is one of your greatest assets, a substantial investment that needs to be guided against any form of loss or damage. A home insurance policy and coverage will protect the physical structure of your home, your personal belongings, attached structures on the property, and also protect you and your family from legal liability claims.

This page will provide you with a detailed review of home insurance in Kingston, the factors that determine rates, the types and categories of coverage, how to get a lower premium, and useful tips on how to choose the best coverage.

About Kingston

Kingston is a Canadian city located in the southeastern part of the Ontario province. Kingston, until 1998, was the county seat of Frontenac County, but now has a separate municipality. The city was known initially as Cataraqui, “the King’s Town.”

Kingston is known as the ‘Limestone City,’ as a result of its heritage buildings that were constructed using local limestone. The city of Kingston lies between Toronto (Ontario) and Montreal (Quebec). Kingston has a population of 123,798 as of the 2016 census data.

The city of Kingston has several heritage sites that attract people from all walks of life.

Living in Kingston

Kingston has a safe, clean, and easy-to-navigate neighbourhood, making the city an ideal place to live and raise a family. The city hosts several yearly festivals, including Kingston WritersFest, Limestone City Blues Festival, the Kingston Canadian Film Festival, and more.

Kingston has a total land area of 451.49 square kilometres. The cost of living in Kingston is about 8 percent higher than the national average. A family of four in Kingston has an estimated monthly cost of C$4,633, while a single person has an estimated monthly cost of C$2,357, including rents. The price of a house in Kingston is between $494,500 and $800,000.

Kingston Home Insurance

Having a home is possibly one of the best investments you might have. The importance of giving your home the best insurance coverage cannot be overemphasized. A home insurance coverage protects your home, its contents, and other detached structures.

Home insurance covers different types of risks and hazards that are mostly experienced by home and property owners, such as theft, fire, burglary, vandalism, lightning, aircraft or vehicle impact, etc. Home insurance also covers personal liability to protect you and your family against legal claims, as a result of bodily injury sustained on your property.

Home insurance in Kingston is not mandatory. Homeowners who owe mortgages are, however, required by lenders to obtain proper home insurance coverage on their properties.

When we consider the financial implication of repairs and replacement of lost or damaged properties, we will have an understanding of the importance of having a home insurance policy on the home and other personal belongings.

The best home insurance policy in Kingston gives you access to the coverage that you need at the most affordable rates. Kingston home insurance rates can fluctuate significantly in hundreds and thousands of dollars, depending on several factors, including the location of the home, the size and type of the structure, and the insurance claim history of the homeowner.

To enjoy insurance coverage on the home, a homeowner must purchase a home insurance policy from an accredited insurance provider (insurer). Thus, the homeowner or policyholder (the insured) agrees to make periodic payments known as premiums (monthly or annually).

The insurance provider will, in exchange, provide coverage for the policyholder’s home and personal possessions. In the event of any loss or damage to the home or personal belongings, the insurer will indemnify the homeowner for the repair or replacement of the lost or damaged properties.

Home insurance in Kingston is operated by independent insurance companies, including brokers and agencies. The services of these insurance providers are regulated and monitored by several governments and independent bodies, including the Financial Services Regulatory Authority of Ontario (FSRA), the Insurance Bureau of Canada (IBC), and the Registered Insurance Brokers of Ontario (RIBO).

Cost of Home Insurance in Kingston

Homeowners in Kingston can expect to pay an average price of $1,250 per annum in home insurance premiums.

Kingston homeowners pay home insurance rates lower than the provincial average. There is no fixed rate, as home insurance providers consider risks differently. Hence, the rates vary between the different insurers.

Therefore, it is recommended for all homeowners to compare rates from various insurers to get the best and most affordable rates available.

Square One offers some of the cheapest and most comprehensive home insurance policies.

Types of Kingston Home Insurance Policies

Comprehensive Home Insurance Policy

Also known as All-Risk, this home insurance policy is the most extensive policy with the broadest coverage. This home insurance policy covers your home and personal belongings for losses caused by a wide range of insured perils, except for perils that are explicitly mentioned as exclusions in the policy.

Basic or Named Perils Home Insurance Policy

The named perils home insurance policy provides a minimum coverage on specific perils. This policy is the most affordable. Under this policy, you can select the specific perils that you want your home insured against.

Broad Home Insurance Policy

The broad home insurance policy offers mid-priced coverage. It is a compromise between the comprehensive policy and the named perils policy. Under this policy, only the home is protected by the comprehensive policy, while the named perils policy protects the personal belongings.

No Frills Home Insurance Policy

This home insurance policy is offered on homes and properties that do not meet the standard home insurance. Examples are homes with structural issues. Its coverage is lower than the named perils policy.

What Home Insurance Covers

Your Home

Home insurance protects your home and detached structures on your property against insured perils like theft, vandalism, lightning, fire, and more.

Your Possessions/ Home Contents

Home insurance protects you financially against insured damage or loss to your personal belongings, such as clothing, furniture, etc.

Additional Living Expenses

Home insurance helps to pay for additional costs like hotel and food costs, especially in a situation where you are forced to leave your home for repairs following an insured loss.

Personal Liability

Home insurance coverage protects you against financial claims if you unintentionally cause bodily injury to someone in your home, or if you damaged another person’s property.

Factors That Determine Rates

  • The location of the home and the risk factors in the neighborhood.
  • The distance of the home from fire hydrants.
  • The size and type of the structure.
  • The amount of deductible.
  • The replacement value of the home.
  • The insurance claim history of the homeowner.

How To Save on Home Insurance Premiums

  • Shop around and compare rates from different home insurance providers.
  • Bundle your home and auto insurance policies.
  • Ask for discounts from your insurer.
  • Increase your home insurance deductibles.
  • Pay your home insurance premium annually.

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Odeyemi O.


Avid researcher, freelance writer, and personal finance enthusiast passionate about financial education and literacy.

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Kareena Maya

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Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.

Kareena Maya is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. His work has been featured in publications such as Forbes Advisor, Bankrate, Credit Karma, Finance Buzz, The Ascent and Student Loan Planner.