Whether you rent or own your home, it makes sense to protect your investment in case of a disaster. Insurance is the way to do just that, but you may wonder what it will cost. Keep reading to learn more about the cost of home insurance in Calgary.
Factors that Affect the Cost of Calgary Home Insurance
Many factors influence how much you’ll pay for home insurance. One of the biggest ones is the size of your home. Larger, more expensive homes cost more to insure because they are more expensive to repair. Some of the other factors include the home’s proximity to a fire station, whether or not smokers live in the house, the age of the home, and the deductible.
The Average Cost of Home Insurance
Obviously, home insurance costs vary dramatically based on many factors. However, the average cost for home insurance in Calgary is about $80 to $90 per month. Renters usually pay less for rental insurance, often between $15 and $40 per month.
Ways to Reduce the Cost of Calgary Home Insurance
You can’t skip out on home insurance, but there are ways you can help lower the cost. Insurance companies in Calgary often give discounts for things like preparing your home for extreme weather, updating your home, and installing security features. Talk with insurance companies to see what kind of discounts they offer.
Balancing Cost and Coverage with Calgary Insurance Companies
Keep in mind that finding the lowest price isn’t necessarily all you want from a home insurance policy. You want a policy that properly balances cost and coverage. Insurance companies in Calgary can help you find competitively priced coverage that meets your needs.
Now that you know more about the cost of home insurance, you’re ready to find the policy that’s best for you.
Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].
