If you’re lucky enough to be a homeowner in Edmonton, you likely value not only your house but the contents inside. In Edmonton, and all of Alberta for that matter, home insurance is not legally required or mandatory. However, if you are looking for a mortgage or have a mortgage, home insurance in Edmonton would be a requirement of taking out that loan.
Also, if you are not protected you are risking further costs should you need repairs from damage or natural causes.
Overall, home insurance in Edmonton helps protect you in case of theft, liability, loss or damage to the inside and outside of your property (property coverage) and can help with additional living expenses should you be unable to live in your home temporarily.
The main types of Edmonton home insurance coverage include:
People searching for Edmonton home insurance can also add a variety of plan endorsements to enhance their level of insurance. You can increase your limits of existing protection or add more when shopping for cheap Edmonton home insurance quotes. They might include:
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According to RATESDOTCA’s Home Insuramap tool, the average premium for Edmonton home insurance in 2021 was $1,883. This rate is about 20% less expensive than the provincial average for the same year: $2,339. In fact, Edmonton is among the top 10 least expensive cities for home insurance in 2021.
While many factors go into determining home insurance premiums, overland water damage is one of the most significant. In other words, parts of Alberta where home insurance are particularly high are vulnerable to flooding – both overflowing from a nearby water way or from melting snow. For example, homeowners in Olds, Alta., paid an average premium in 2021 of $2,796, according to RATESDOTCA Home Insuramap tool. The region has a long history of floods that require evacuations.
While homeowners in cities Edmonton do experience damage from overland water, it’s less significant of a threat than in places like Olds. As a result, home insurance premiums are lower.
|Rank||City in Alberta||Avg. 2021 home insurance premium||% Difference from Edmonton|
Edmonton home insurance provides financial help in the event of a catastrophe or an unexpected event. Unfortunately, many people are looking to save money, perhaps in the wrong places, and opt for policies that may not meet their needs. While finding the cheapest Edmonton home insurance is the main goal, choosing the wrong policy can leave homeowners frustrated when disaster strikes and they may not have the best coverage. Here’s what impacts Edmonton home insurance rates:
|Insurance Companies||Company Type||Phone||Address|
|Aviva Insurance||Financial institution||1-780-428-1822||10130 103 St NW #1900, Edmonton, AB T5J 3N9|
|CAA||Financial institution||1-780-474-8601||11220 109 St. NW, Edmonton, AB T5G 2T6|
|Chieftan||Financial institution||1-800-268-8447||165 University Ave., Toronto, ON M5H 3B9|
|Coachman||Financial institution||1-416-255-3347||10 Four Seasons Place, Suite 200, Toronto, ON, M9B 6H7|
|Echelon||Financial institution||1-905-214-7970||2680 Matheson Blvd E. Ste 300, Mississauga, ON, L4W 0A5|
|Economical||Financial institution||1-800-661-3274||10158 103 St. NW #300, Edmonton, AB T5J 0X6|
|Lowestrates.ca||Quotes comparison||1-855-487-6911||1910 Yonge St. Suite 401, Toronto, ON M4S 3B2|
|Perth||Financial institution||1-519-570-8208||111 Westmount Rd. S., P.O. Box 2000, Waterloo, ON, N2J 4S4|
|RATESDOTCA||Quotes comparison||1-844-726-0907||360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7|
|RSA||Financial institution||1-416-440-8777||300, 326 - 11 Ave. SW., Calgary, Alta., T2R 0C5|
|Scoop Insurance||Insurance brokers||1-416-955-6286||300 Lincoln St. Unit 22, Welland, ON L3B 4N4|
|Square One||Financial institution||1-647-749-6933||439 University Ave. #500, Toronto, ON M5G 1Y8|
|Western Assurance||Financial institution||1-416-440-8777||700 University Ave., Suite 1500A, Toronto, ON, M5G 0A1|
Why use InsuranceHotline.com to compare home insurance quotes online?
*Shoppers in Canada who obtained a quote on InsuranceHotline.com from January to December 2021 saved an average of 21%. The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by InsuranceHotline.com.
Finding the cheapest home insurance quotes in Edmonton is easy. Simply log onto InsuranceHotline.com, provide some information about your home and insurance needs and voila! An immediate comparison is provided of cheap Edmonton home insurance quotes at your fingertips. You can also connect with InsuranceHotline.com to talk to the company that best suits your needs.
Home insurance in Edmonton is among the cheapest in the province. RATESDOTCA proprietary data Insuramap notes that average premiums for 2022 amounted to $1,883. Compare that to Calgary which had the highest at $3,085.
Homeowners in Edmonton could face the following perils:
Providing a short-term rental on Airbnb or Vrbo changes the nature of your home’s usage and the terms you have with your insurance provider. Your residence is now operating as an income property.
Speak to your agent or provider about changing the usage of your home and what options are best to protect you and the contents of your home.
Assess the damage and contact your insurer in Edmonton and tell them you want to make a home insurance claim. They will likely need details including your policy number, address and full name, and the nature of your claim.
Take photos of the damaged or destroyed items as evidence or records that may be required later.