Cheapest Renters Insurance Deals
Discover 4 deals available this month.
1.Square One Renters Insurance
Square One Renters Insurance offers tenant coverage in Canada starting at $15 per month with quick online quotes available in about 5 minutes.
View Deal →At just $15/month, Square One provides one of the most affordable renters insurance options in Canada with fast digital access.
Pros:
- Lowest starting price in the market at $15/month
- Online quotes available within 5 minutes
- Simple and quick digital application process
Cons:
- Limited information on coverage options beyond pricing
- No details on discounts or bundled deals
- May not be ideal for renters needing extensive coverage
2.Ratehub Tenant Insurance
Ratehub Tenant Insurance lets you compare quotes from Canada's top providers with policies starting as low as $19 per month. It offers an easy way to find competitive tenant insurance options across the country.
View Deal →For renters seeking a straightforward way to shop around, Ratehub Tenant Insurance offers a convenient platform to access a variety of competitive quotes starting at $19 monthly. It simplifies comparing policies from multiple providers in one place.
Pros:
- Access to quotes from multiple top Canadian insurance providers
- Policies available for as low as $19 per month
- Convenient platform for side-by-side comparison
Cons:
- Starting price is higher than the absolute cheapest option ($15/month)
- No direct insurance provider; acts as a comparison tool only
- Limited detailed policy features publicly available in the summary
3.Apollo Insurance
Apollo Insurance offers tenant insurance in Canada with basic coverage starting around $28 per month. It is known for being a highly rated option among renters.
View Deal →Apollo Insurance provides a reliable choice for renters willing to spend a bit more for solid coverage and strong customer ratings. While not the cheapest, it balances quality and affordability effectively.
Pros:
- Highly rated tenant insurance option
- Basic coverage available at around $28 per month
- Well-regarded among Canadian renters for reliability
Cons:
- More expensive compared to the cheapest options starting near $15
- Limited details on additional features or discounts
- Not the most competitive price in the market
4.SGI Renters Insurance
SGI Renters Insurance offers broker-sold policies with competitive pricing tailored for Canadian tenants. It provides an accessible option for renters seeking affordable coverage through SGI.
View Deal →A solid choice for Canadian renters looking for competitively priced insurance through a broker, SGI Renters Insurance balances accessibility with reasonable costs.
Pros:
- Competitive pricing for Canadian tenants
- Available through brokers for personalized service
- Coverage tailored specifically for renters
Cons:
- No specific pricing details publicly disclosed
- Lacks instant online quote availability
- Limited information on coverage options compared to direct insurers
Did you know?
Canadian tenant insurance may require flood or sewer backup add-ons in some provinces. Confirm roommate and sublet rules before you buy from this list.
Final Words
To secure the most affordable renters insurance this July 2026, take time to compare options like Square One, Ratehub, Apollo, and SGI to find coverage that fits your budget and needs. You can explore current offers online quickly to ensure you get the best deal available.
Frequently Asked Questions
Square One Renters Insurance is the cheapest tenant insurance in Canada starting at $15 per month. It offers fast online quotes that can be completed in about 5 minutes.
You can receive an online quote from Square One Renters Insurance in approximately 5 minutes, making it a quick and convenient option for renters.
Yes, Ratehub Tenant Insurance offers comparisons from top providers with policies starting as low as $19 per month. Apollo Insurance and SGI Renters Insurance also provide competitive pricing for Canadian tenants.
Yes, Ratehub Tenant Insurance allows you to compare quotes from Canada's top renters insurance providers, helping you find the best coverage at competitive prices.
It's important to compare monthly rates, coverage options, and the ease of getting a quote. Services like Square One offer quick online quotes, while broker options like SGI may provide personalized competitive pricing.
