iStock.com/MaytalsOntario’s provincial average home insurance premium rose 7.15% year-over-year, continuing a multi-year trend of rising home insurance costs, according to Canadian insurtech MyChoice. Based on thousands of real quotes collected from MyChoice.ca, the 2025 Ontario Home Insurance Market Overview found northern Ontario communities saw some of the steepest increases, “likely reflecting their exposure to elevated climate-related risks (e.g., wildfires, floods and severe storms).”Thunder Bay premiums saw the largest increase in Ontario at 26.39%. Other regions like North Bay (+22.64%), Pembroke (+22.17%), Huntsville (+19.72%), Kenora (+9.32%) and Sudbury (+8.56%) also saw significant hikes in home insurance costs. Several other communities saw increases or decreases of less than 1%. While many drivers of higher premiums are outside individual homeowners’ control, there are still ways to save, Mirzaian says.