Cheapest Renters Insurance Deals in Canada
Discover 5 deals available this month.
1.Square One
Square One offers some of the most affordable renters insurance in Canada, with monthly rates typically between $12 and $30. It also provides convenient online quoting for easy access.
View Deal →With rates starting as low as $12 per month, Square One stands out for budget-conscious renters seeking straightforward coverage and quick online quotes.
Pros:
- Among the cheapest renters insurance options in Canada
- Monthly pricing ranges from $12 to $30
- Online quoting available for convenience
Cons:
- Pricing range may vary depending on location and coverage
- Limited details on additional features or discounts
2.APOLLO Insurance Agency
APOLLO Insurance Agency offers renters insurance in Canada starting as low as $13 per month, with an average cost around $21 monthly. Recent quote data indicates competitive pricing among Canadian insurers.
View Deal →At around $21 per month on average, APOLLO Insurance Agency provides an affordable renters insurance option with low starting rates. It's a straightforward choice for renters seeking budget-friendly coverage in Canada.
Pros:
- Low starting price at $13/month
- Average monthly cost of approximately $21
- Competitive pricing based on recent quotes
Cons:
- Limited information on discounts or bundling options
- No specific regional advantages mentioned
- Average pricing may be higher than the very cheapest options available
3.Sonnet
Sonnet is a Canadian renters insurance provider with monthly rates typically between $15 and $35. It offers fast online quotes and discounts for bundling policies.
View Deal →Sonnet provides renters insurance with quick online quotes and the advantage of bundling discounts, making it a flexible choice for Canadian renters.
Pros:
- Monthly pricing ranges from $15 to $35, offering affordable options
- Fast online quote process
- Bundling discounts available to save more
Cons:
- Pricing may be higher compared to the cheapest options starting near $12
- Not specifically noted for regional advantages compared to competitors
- No detailed information on coverage options provided in research
4.Wawanesa
Wawanesa renters insurance in Canada typically costs between $15 and $35 per month and is especially competitive in Western Canada. It offers a mid-range pricing option for renters seeking coverage in that region.
View Deal →A solid choice for renters in Western Canada, Wawanesa balances affordability with regional availability, making it a reliable option in that market segment.
Pros:
- Competitive pricing between $15 to $35 per month
- Strong presence and relevance in Western Canada
- Accessible option for renters looking for mid-range coverage costs
Cons:
- Pricing may be higher than some low-cost competitors starting around $12
- Less highlighted outside Western Canada compared to other providers
- No specific mentions of bundling discounts or online quote speed in available data
5.Desjardins
Desjardins renters insurance in Canada typically costs between $15 and $35 per month, with particular relevance for renters in Quebec. It offers standard coverage at competitive regional pricing.
View Deal →Renters in Quebec will find Desjardins a commonly quoted option with reasonable pricing, offering coverage that fits regional needs. Its pricing range aligns with many competitors, making it a solid choice for local renters.
Pros:
- Competitive monthly rates between $15 and $35
- Strong presence and relevance in the Quebec rental market
- Consistent availability and frequent quoting in Canada
Cons:
- Less competitive outside Quebec compared to other providers
- No specific bundling discounts mentioned
- Pricing is mid-range rather than the cheapest option available
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 best renters insurance deal this August 2026 in Canada, take time to compare options from providers like Square One, APOLLO, and Sonnet, and be sure to check current offers that fit your location and coverage needs. By actively exploring these competitive plans, you can confidently protect your belongings without overspending.
Frequently Asked Questions
Square One offers some of the most affordable renters insurance in Canada, with monthly rates typically between $12 and $30. It also provides convenient online quoting, making it easy to get a personalized quote quickly.
Square One provides an online quoting tool that allows renters to quickly obtain a personalized insurance quote. This makes comparing prices and coverage easy and accessible from anywhere in Canada.
Renters insurance in Canada generally ranges from about $12 to $35 per month, depending on the provider and coverage. Several top providers like Square One, Sonnet, and Wawanesa fall within this pricing range.
Yes, some insurers like Wawanesa are noted as competitive options particularly in Western Canada, while Desjardins has stronger relevance for renters in Quebec. Pricing can vary based on location and provider.
Square One and APOLLO Insurance Agency offer some of the lowest starting rates, with Square One around $12 to $30 and APOLLO starting as low as $13 per month. These are among the cheapest options available in the Canadian market.
Yes, many Canadian renters insurance providers like Square One and Sonnet offer fast online quoting tools. This allows you to compare prices and coverage options conveniently without needing to call or visit an office.
