Home insurance is a necessity in the life of any homeowner. It plays a crucial role in protecting you and your family from financial losses in case there is a loss due to fire, burglary, or other such causes. 

This is why we’ve done our research and found the best home insurance companies in Vancouver! So, read on!

How Much Do Home Insurance Companies Charge in Vancouver

The peace of mind that comes from knowing that any unanticipated repairs needed due to damage from natural disasters or other disasters are covered by your homeowner’s insurance policy is priceless.

If you’re looking to get home insurance, this can cost you up to CAD 2,000 annually. You may also consider getting life insurance which can cost up to CAD 10,000. 

Take a look at the following services below and their average estimated cost to give you an idea of how much you need to prepare.

TYPES OF SERVICE	AVERAGE ESTIMATED COST
Home Insurance	CAD 1,500 - 2,000 per year
Commercial Insurance	CAD 1,700 - 2,500
Life Insurance	CAD 20 - 45 per month
Claims and Support	CAD 5,000 - 10,000

Best Home Insurance Companies in Vancouver

Finding the best home insurance company can be quite a challenge, especially when you’re dealing with so many companies that promise all sorts of different services.

So to help you get started on your search for the best home insurance companies in Vancouver, we assessed the following companies based on the criteria below:

Insurance Policies – In this criterion, we look at their insurance policies to see how comprehensive they are.

Efficiency
⮕Turnaround Time – We assess how quickly they respond to inquiries and how fast they complete projects.
⮕Availability – We assess how flexible they are when it comes to accommodating last-minute requests.

Rates – Must be within city range and offer financing options.

Customer Service
⮕Client Feedback – We interviewed previous clients and inquired about their satisfaction with the services they received.
⮕Response Time – We made sure to include companies that respond quickly to inquiries and concerns.

1. Square One

CRITERIA	RATING
Insurance Policies	★★★★★ 5/5
Efficiency	★★★★★ 5/5
Turnaround Time	★★★★★ 5/5
Availability	★★★★★ 5/5
Rates	★★★★☆ 4/5
Customer Service	★★★★☆ 4/5
Client Feedback	★★★★★ 5/5
Response Time	★★★★☆ 4/5

Square One, a home insurance firm founded in 2011, offers customized home insurance plans. We thought it was very impressive that they could provide a quote in five minutes.

We think it’s important to point out that this company has an A+ rating from the Better Business Bureau. This shows that they can be trusted. We think this gives customers peace of mind because they know they can trust them.

It’s also convenient that the whole process of getting a quote, submitting a claim, and purchasing an insurance policy can be done online. 

The way it works is that you create an account with them where you can manage your payments, view your insurance policies, and request quotes from them.

If ever you have difficulty navigating, Square One’s licensed insurance agents can assist you via web chat or phone call.

What sets them apart is that they allow customers to tailor their insurance coverage policies. We believe this is advantageous because clients will only pay to insure what they need and nothing more.

Unfortunately, there is a minimum retained premium fee of CAD 50. This premium is non-refundable, so it’s important to keep this in mind before doing business with them.

On the bright side, Square One won’t charge you if you change your mind and cancel your insurance policy with them.

All in all, we thought Square One deserved a spot on our list as they provide fast and easy home insurance policies, all conveniently done online.

Customer Reviews

Helpful agents

“I very recently purchased an insurance policy with Square One and want to leave a review expressly for the agent I spoke to, Emily Fonberg, as she was so helpful and sweet!.” -A D.

Outstanding services and fair rates

“Consistently outstanding service and excellent rates. Agents always call within 30 minutes of a callback request and have all my information at their fingertips.” -Candice D.

2. Allwest Insurance

CRITERIA	RATING
Insurance Policies	★★★★☆ 4/5
Efficiency	★★★★★ 5/5
Turnaround Time	★★★★★ 5/5
Availability	★★★★★ 5/5
Rates	★★★★☆ 4/5
Customer Service	★★★★★ 5/5
Client Feedback	★★★★★ 5/5
Response Time	★★★★★ 5/5

Allwest Insurance is an insurance company that offers home, auto, business, and many more insurance policies in Metro Vancouver.

In our opinion, the fact that their insurance agents have more than 50 years of expertise reassures customers that they are dealing with professionals.

We especially appreciated that they’re open seven days a week and have four locations to accommodate more customers. It’s also convenient that their customer service hotline is immediately accessible.

We would also like to highlight that you can have your insurance policies delivered to your door for an additional price.

What stood out the most to us was their wide range of home insurance coverage, as they’re able to cater to homeowners, landlords, tenant renters, and many more.

In addition to your basic policy, which covers many different things, they can also protect you from natural disasters.

We also really like that they give discounts after three years of continuous service. You may also be eligible for a discount on your homeowner’s insurance if you are over the age of 40.

Having said that, we do want to note that they require you to insure at least CAD 30,000 worth of belongings. Additionally, you cannot insure your jewelry or bicycle without a primary homeowner’s insurance policy.

Still, we think that Allwest Insurance has one of the best policies for home insurance in Vancouver.

Customer Reviews

Incredibly helpful agents

“Great service, Gina was incredibly helpful and made the process so easy! Thank you!.” -Bryan M.

Able to answer all questions

“I contacted my insurance company this morning and Eda got back to me immediately. She was able to answer all of my questions in the most efficient way possible.” -Sandra C.

3. Alteri Insurance Brokers

CRITERIA	RATING
Insurance Policies	★★★★☆ 4/5
Efficiency	★★★★★ 5/5
Turnaround Time	★★★★★ 5/5
Availability	★★★★★ 5/5
Rates	★★★★★ 5/5
Customer Service	★★★★☆ 4/5
Client Feedback	★★★★★ 5/5
Response Time	★★★★☆ 4/5

Alteri Insurance Brokers is a full-service insurance agency that focuses on making custom insurance plans for individuals, business owners, and professionals who work outside the home.

The fact that their insurance agents have over 100 years of experience between them was the most interesting thing to us, because it shows how skilled and reliable they are.

This establishment’s home insurance policies are flexible, allowing customers to remove and add to their insurance coverages. We liked that they made this process easier for their customers by only requiring an email for any changes.

Unfortunately, if you want to cancel your policy, you may have to pay more. This is because insurers have different rules about refunds and money they keep.

They also cannot reinstate cancelled insurance policies, as once policies are cancelled, the coverage must be rewritten. Even so, we liked that they offer a variety of ways to pay for your coverage.

Moreover, many of the customers we’ve spoken to comment on how patient they are as they guide clients to fit their needs perfectly. 

Overall, we believe Alteri Insurance Brokers merits a spot on our list since they offer adaptable insurance coverage to meet the demands of their customers.

Customer Reviews

Patiently guides clients to fit their needs

“Was recommended Alteri from a friend when I was looking for home insurance. Amanda helped me through the process, gave me guidance and got something to fit my needs perfectly.” -Nick V.

Quick and easy-to-understand process

“We contacted Luiz to help us hire strata insurance. The process was quick and easy. Luiz could answer all our questions, sharing his knowledge.” -Breno G.

4. King Insurance

CRITERIA	RATING
Insurance Policies	★★★★☆ 4/5
Efficiency	★★★★★ 5/5
Turnaround Time	★★★★★ 5/5
Availability	★★★★★ 5/5
Rates	★★★★★ 5/5
Customer Service	★★★★★ 5/5
Client Feedback	★★★★★ 5/5
Response Time	★★★★★ 5/5

Established in 2006, King Insurance has provided home, commercial, and life insurance in Vancouver. This establishment is open seven days a week to accommodate more customers.

Even though they only have a small number of insurance agents, we don’t think this affects the quality of their services because all of their agents have a lot of experience running insurance brokerages, real estate agencies, and businesses in the area.

King Insurance offers home insurance for a wide variety of residential properties. This includes detached homes, condominiums, rental properties, and tenants.

Note that each policy from this company has its own insurance coverages, as each policy is made to fit the customer’s needs.

We appreciated that they reimburse additional living expenses if you are forced to leave your house due to an insured loss or damage. We believe this sets them apart, as this is a great incentive for their clients, as it covers hotel or other rental costs and many more.

Now, we believe it was a big oversight that they don’t have a hotline available 24/7 for consumers’ questions and concerns. We think it would have been helpful to have an emergency hotline to reassure clients that assistance is always available.

Despite this, we think King Insurance deserves a spot on our list as they provide wide insurance coverage that benefits their customers.

Customer Reviews

Accommodating staff

‘Kind and efficient staff. My recent visit here was on a packed Sunday morning when they just opened. They handled everyone very well and everyone there seemed happy.” -Keishin T.

Good office atmosphere

“The staff are very welcoming. And a very feel good atmosphere. Keep up the great work! Thank you.” -Dennis A.

5. AMC Insurance Service

CRITERIA	RATING
Insurance Policies	★★★★★ 5/5
Efficiency	★★★★☆ 4/5
Turnaround Time	★★★★★ 5/5
Availability	★★★★☆ 4/5
Rates	★★★★★ 5/5
Customer Service	★★★★☆ 4/5
Client Feedback	★★★★★ 5/5
Response Time	★★★★☆ 4/5

AMC Insurance Service is a Vancouver-based insurance agency that provides home, commercial, condo, vehicle, motorcycle, boat, marine, and many other types of coverage.

We like that this business puts the customer first by providing them with detailed explanations and suggestions about their options. In our opinion, this benefits clients in that they will only pay for what they need.

We also appreciate how transparent they are with the computation of their rates, as they provide comprehensive details on how that determines your insurance premium.

Some of these factors include the age and condition of your home, location, past claims, hazard risks, and many more factors related to your home’s value.

Also, it’s important to note that they have a large service area. They can help people in Vancouver, Coquitlam, Langley, Surrey, and other nearby cities.

Now, we’re not big fans that they don’t have 24/7 customer support, but we did like that they’re open seven days a week in all of their branches.

They even accommodate walk-in appointments! Though we do recommend scheduling, just in case they’re booked and busy on a particular day.

Also, many of the customers we’ve talked to have said how accommodating they are. They offer great service and clear explanations so that customers can make decisions that are well-informed.

In sum, if you’re looking for one of the best home insurance companies in Vancouver, AMC Insurance Service is definitely a good choice.

Customer Reviews

Detailed and fair rates

“I reached out to AMC Insurance for a home insurance quote and was blown away with the service, attention to detail, and price.” -Hanna B.

Great experience with kind agents

“I had a great experience dealing with Jujhar Singh Parmar. He assisted me with me commercial insurance and home insurance policies. I would recommend this office for all of your insurance needs.” -Gurman M.

FAQs about Home Insurance Companies in Vancouver

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In the end, it is important to find a company that will work for you and your needs. Your home is likely one of your most important investments, and due care should be taken to ensure that it will remain protected. 

Check out these related insurance articles that you may find useful:

• The Best Insurance Companies in Vancouver
• The Best Life Insurance Agencies in Vancouver

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