Your home is important to you, so you want to make sure your home insurance company will be there for you when you need them. The Co-operators provides quality home insurance with consistently high satisfaction ratings. Their network of financial advisors is backed by over 5,000 employees, making them one of the leaders in Canadian property insurance.
The Co-Operators was established in 1945 as an association of farmers. They’re 100% Canadian and are, as the name suggests, a co-operative company owned by their members. As of 2019, they had 5.5% of the Canadian property/casualty insurance market, the 5th largest in Canada. They offer a wide range of insurance products including property, business, farm, and life insurance, and are a large player in the group insurance market.
The Co-operators Home Insurance features
The Co-operators’ home insurance plans provide most of the standard benefits.
Why You Want It
One-of-a-kind flood coverage + High customer satisfaction ratings.
Special Features
- Discounts for eligible LEED certified homes
Eligibility
- Canadian citizen
- Age of majority
Provinces
ALL
Features
Liability Insurance
Personal Valuables Coverage
Actual Replacement Cost Of Home And Personal Belongings
Full Sewer Backup
Overland Water Coverage
Hail Coverage
First Claim Forgiveness
Replacement Cost Guarantee
Enhanced Deductible Waiver
Green Coverage
Additional Living Expenses
Home Sharing
See Issuer for Details
Home Security Savings
Multi Home Savings
Newly Built Home Savings
The Co-operators home insurance product rating: 4.2 stars
The Co-operators plans have some nice features not typically included in home insurance coverage. These include (in their Prestige package) accidents like spilling paint on your carpet. They also insure against identity fraud. If you have a home-based business, it’s easy to add business insurance to your home insurance policy.
On the downside, their policies don’t pay for additional living expenses, so if you’re forced out of your home due to damage, you’re on your own.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of The Co-operators home insurance
What does The Co-operators Home Insurance have going for it?
Pros
High satisfaction rating
In 2019, J. D. Power did a study to see how satisfied customers were with their home insurance company. Co-operators ranked 1st Ontario/Atlantic region and 2nd in the Western region.
24/7 claims service
In case you need it, it’s comforting to know that Co-operators provides a 24/7 claims hotline. They have their own team of claim experts to quickly assess and respond to your emergency.
Innovative features
Even though they’re a company with a long history, Co-operators home insurance has some modern features which set it apart from the competition. For example, your home insurance policy covers the growing risk of identity fraud. You can also purchase coverage so that in the event of a claim you can use environmentally friendly materials.
Many ways to save on your premiums
The Co-Operators clearly outlines ways you can save on your home insurance premiums on their website. For example, you could save money by having automatic fire sprinklers or multiple products with them.
The cons of The Co-operators home insurance
What’s not so good about The Co-operators?
Cons
Potentially higher rates
Compared to other companies, the premiums for The Co-operators Home Insurance seem high. For example, I got a quote of $2,191 for an annual premium on home insurance from Sonnet but at The Co-operators it was $2,769.
Policies don’t include additional living expenses
Many home insurance companies will cover your hotel room, transportation, and food costs in the event that you have nowhere to live due to damage to your home. This coverage isn’t included with The Co-Operators, which would’ve been nice to see.
The Co-operators home insurance alternatives
Here’s a comparison of features offered by some popular home insurance plans.
 |  |  |  | |
|---|---|---|---|---|
| Account | The Co-Operators Home Insurance | Square One's home insurance | Allstate Home Insurance | Sonnet Home Insurance |
| Genius Rating | ||||
| Why You Want It | One-of-a-kind flood coverage + High customer satisfaction ratings. | Rates start as low as $12 per month + Coverage is fully customizable and online. | Get a disappearing deductible + Extra discount options. | Become insured in only 5 minutes + Convenient 24/7 customer service. |
| Liability Insurance | | | | |
| Personal Valuables Coverage | | | | |
| Actual Replacement Cost Of Home And Personal Belongings | | | | |
| Full Sewer Backup | | | | |
| Overland Water Coverage | | | | |
Show More | ||||
| Get a quote See more Co-operators products Compare | Get a quote See more Square One products Compare | Learn More See more Allstate products Compare | Learn More See more Sonnet products Compare |
FAQ
Is The Co-operators home insurance available everywhere in Canada?
Yes, The Co-operators insurance is available coast to coast through a network of financial advisors (“Representatives” in Quebec). Click here to see what kind of coverage they offer.
How easy is it to get a home insurance quote from The Co-Operators?
The Co-operators provides online quotes with no obligation, you don’t even need to provide your email address.
How can I save on Co-operators home insurance?
The Co-operators offers many discounts which can be combined to save you even more, including multi-product and new home discounts. Click here for more information.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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