Jean-Bernard in Montréal
Property of $1,000,000
Premium: $447 per year
Premium computed in May 2026
In Montreal, condo insurance is a key element of owner protection, as it complements the condo corporation's coverage. Understanding the interaction between these two policies and how premiums vary by unit value helps optimize both coverage and costs.
Between 2019 and 2026, average condo insurance premiums in Montreal show moderate volatility, fluctuating between $533 and $615. After a notable decline between 2019 and 2020, premiums stabilize around $575 to $590 from 2021 to 2025, before a slight increase to $582 in 2026. This trajectory reflects market adjustments and relative stabilization of claim costs.
Several factors influence the cost of your home insurance. Insurers assess the risk associated with your property and your profile to calculate the appropriate premium. Here are the main elements taken into account:
In Montreal, the progression of condo premiums by unit value is not linear. Units under $100k show $397, while those in the $250k–$300k range climb to $596. Beyond that, the curve stabilizes and accelerates in steps: $650k–$700k reaches $762, and the largest units ($700k+) sit at $729. Flood-zone exposure and building age play a major role in this variation, often more influential than reconstruction value alone.
| Property value | Average price over the last 12 months |
|---|---|
| <200k | $441.19 |
| 200k-300k | $531.44 |
| 300k-400k | $544.74 |
| 400k-500k | $449.92 |
| 500k-600k | $506.86 |
| 600k-700k | $685.86 |
| 700k-800k | $667.38 |
| 800k+ | $763.53 |
The average premium in 2026 is $582 per year for a condo in Montreal.
The progression is not linear: a condo in the $250k–$300k range pays $596, while one in the $650k–$700k range reaches $762. Flood-zone exposure and building age influence this progression more than value alone.
Beyond reconstruction value, flood-zone exposure and building risk profile (especially age) play a major role. An older building in a flood zone can carry a higher premium than a newer building of the same value.
A condo in the $300k–$350k range pays roughly $492 to $597 per year, depending on the specific characteristics of the building and unit.
Between 2019 and 2026, premiums show moderate volatility, moving from $615 to $582. After an initial decline, they stabilized around $575 to $590 before a slight recent increase.
The contents of your unit, personal improvements, and your civil liability — making personal insurance necessary, averaging $582 per year in Montreal.
Increasing the deductible, bundling auto and home, installing smart water detectors, and comparing several insurers can reduce the $582 average premium by 10–20%.
Property of $1,000,000
Premium: $447 per year
Premium computed in May 2026
Property of $210,000
Premium: $358 per year
Premium computed in May 2026
Property of $250,000
Premium: $483 per year
Premium computed in May 2026
Property of $650,000
Premium: $868 per year
Premium computed in May 2026
Property of $600,000
Premium: $620 per year
Premium computed in May 2026
Property of $800,000
Premium: $13845 per year
Premium computed in May 2026
Property of $180,000
Premium: $326 per year
Premium computed in May 2026
Property of $700,000
Premium: $579 per year
Premium computed in May 2026
Property of $300,000
Premium: $440 per year
Premium computed in May 2026
To guarantee you the best possible information, the data presented on this page is based on the following rigorous criteria
Disclaimer: This article is intended for information purposes, with the sole objective of providing food for thought. Under no circumstances should it be construed as advice regarding insurance solutions. Only a duly certified insurance professional is qualified to analyze your personal situation, discuss your needs with you and advise you on insurance solutions.
© 2026 This website and trademark « ClicAssure » are used under license by ClicAssure, cabinet de services financiers inc. All rights reserved. ClicAssure, cabinet de services financiers inc. is a financial services firm registered in Quebec
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