A home insurance calculator is a tool to help you assess how much the premium will be for coverage on your Alberta home. Calculators can be a helpful first step on your insurance-buying journey — but only if they're accurate.
InsuranceHotline.com's calculator will display accurate quotes from multiple home insurance companies.
Comparing quotes with a home insurance calculator can help you save hundreds, even thousands, of dollars in a world of rising insurance costs. Keep reading to learn how to get the best results from our Alberta home insurance calculator.
Start with your postal code!
Answer a few quick questions about yourself and your home.
Compare home insurance coverage and quotes from 50+ insurance companies.
Pick the home insurance policy and company that's right for you.
Finding the cheapest Alberta home insurance premiums with a calculator has many advantages. For example:
You can save hundreds of dollars by comparing quotes on our digital marketplace, which includes over 50 of Canada's top insurance providers. It's free to use with no hidden obligation on your part.
It only takes a few steps to find cheap Alberta home insurance:
Enter the property’s address. To make this even easier, our system will offer to autocomplete the field once you type in the first few characters.
Tell us your first name, date of birth of the eldest applicant, who occupies the residence, when you moved into it and when you would like your policy to start.
If you have an active home insurance policy, you can specify how long you’ve had insurance, how long you’ve been with your current provider, the number of claims in the last five years and the number of cancellations due to non-payment. For past home insurance policies only, you just get to specify the number of claims in the last five years and the number of cancellations due to non-payment.
If you’d like to get a discount on your policy, be sure to answer a few questions about your property, occupants and insurance preferences. This includes letting us know whether you’re open to bundling your home insurance with other policies, such as your auto insurance policy. Other possible discounts include:
Provide your email address and get your free home insurance quotes from 50+ providers in our partner network. The lowest quote is shown first and includes information about the insurer or brokerage and their contact information.
Alberta insurance companies leave nothing to chance when assessing your home insurance and its cost. They are looking at risk factors to determine the likelihood you will or will not make claims. The higher the possibility, the higher the risk they consider you, the higher your premium will be. The opposite is true if an insurer believes you are less likely to make a claim.
Some of the factors that directly affect your home insurance premiums in Alberta include:
The average cost for home insurance in Alberta in 2022 is $2,339, according to the RATESDOTCA Insuramap. In Ontario, the average premium was $1,487. That's a difference of 36%.
Alberta's high insurance rates are tied to its location and bad luck regarding weather-related and climate change issues. For example, Ontario has yet to experience flooding and forest fires on the scale that Alberta has undergone.
There are ways to mitigate damage and costs. Residents of Alberta can consider:
You can calculate your Alberta home insurance premiums with InsuranceHotline.com's home insurance calculator. It's easy to use, free and will only take a few minutes to get the cheapest rates from more than 50 of the top providers in Canada.
You can lower your home insurance premium by:
Bundling: Insurance companies are likely to offer cheaper rates to customers who bundle other insurance policies, such as auto and life, with their home insurance.
Increasing deductibles: De-risk yourself by taking on a greater share of risk by offering to pay a higher deductible than required. It will reduce your insurance premium.
Paying a lump sum: Paying once a month is an administrative burden for insurance companies. Paying your premium in full once a year lessens that burden, and the savings are passed on to you.
Choosing group insurance: Some organizations, such as alumni groups or unions, offer their members discounts on home insurance.
Being claims-free: Insurance companies give preferred rates to customers who don't file claims.
Installing a security system: Protecting your home with a good security and smoke detection system can reduce the risk of damage and costs to your home.
A home insurance deductible is the amount you agree to pay out-of-pocket before an insurance company pays a claim. You can talk to your provider about how much or little you want to pay upfront. The more you agree to pay, the less of a risk you are and the more you can save on your Alberta home insurance policy.