Thanh-Van in Montréal
Contents of $30,000
Premium: $273 per year
Premium computed in May 2026
Tenant insurance in Montreal covers your unit's contents and your civil liability, but not the building itself — that remains the landlord's responsibility. Although not mandatory in Quebec, it is often required by landlords and remains one of the most affordable coverages in the Montreal market.
Between 2019 and 2026, average tenant insurance premiums in Montreal show a general downward trend, moving from $405 to $307 — a decrease of roughly 24% over this period. This reduction reflects increased competition among insurers, improved risk pricing, and relative stabilization of claim costs for this market segment.
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, tenant premiums vary significantly based on the amount of contents coverage selected. Tenants with minimal coverage (<20k) pay $300, while those covering 20k–30k pay $298. The progression accelerates from 50k–75k ($377) and peaks at 150k+ ($895). This variation directly reflects the increase in contents to protect and associated claim risk; tenants with modest contents enjoy highly competitive premiums.
| Contents value | Average price over the last 12 months |
|---|---|
| 20k-30k | $297.90 |
| 30k-50k | $315.84 |
| 50k-75k | $374.92 |
| 75k-100k | $397.19 |
| 100k-150k | $535.58 |
The average premium in 2026 is $307 per year for a tenant in Montreal, down 24% since 2019.
A tenant with 20k–30k coverage pays $298 per year, while one covering 30k–50k pays $321. The progression accelerates at 50k–75k ($377) and reaches $549 for 100k–150k, directly reflecting the insured contents value.
The 24% decrease between 2019 and 2026 reflects increased competition among insurers, improved risk pricing, and stabilization of claim costs for this segment.
No, it is not mandatory in Quebec, but it is often required by landlords and remains very affordable, starting at $298 per year for 20k–30k coverage in Montreal.
It covers contents (furniture, electronics, clothing), additional living expenses after a loss, and civil liability toward the landlord and neighbors. It does not cover the building.
A tenant with modest contents can choose 20k–30k ($298 per year), while more substantial contents justify 50k–75k ($377). The 30k–50k tier ($321) offers good balance for most Montreal tenants.
Contents of $30,000
Premium: $273 per year
Premium computed in May 2026
Contents of $20,000
Premium: $209 per year
Premium computed in May 2026
Contents of $20,000
Premium: $268 per year
Premium computed in May 2026
Contents of $40,000
Premium: $249 per year
Premium computed in May 2026
Contents of $60,000
Premium: $382 per year
Premium computed in May 2026
Contents of $70,000
Premium: $244 per year
Premium computed in May 2026
Contents of $40,000
Premium: $270 per year
Premium computed in May 2026
Contents of $40,000
Premium: $259 per year
Premium computed in May 2026
Contents of $20,000
Premium: $212 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.
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