Compare Best Calgary Home Insurance Quotes

1-855-550-5515

Compare Calgary home insurance quotes from top providers

See all providers

Find better home insurance in Calgary

Shopping for home insurance in Calgary? If you own a property in Calgary, then you should get homeowners insurance to protect it.

As a homeowner in Calgary, you are inherently exposed to a variety of weather, liability, and financial threats. Home insurance protects you if your dwelling in Calgary was damaged by a storm, you were the victim of a break-and-enter, or someone slips on your property and takes legal action. Recent flooding in the city and weather damage across the province are perfect examples of why you need protection.

Our advisors will help you find the best policy from the leading home insurance companies in Calgary. It doesn’t matter if you own or need condo insurance or renters insurance. We’ll help you personalize your coverage and make sure your dwelling, personal belongings, and family is protected.

Comparing the lowest home insurance quotes in Calgary is quick and easy. Get your home insured fast and save more with ThinkInsure. We have all your property insurance needs covered.

How does home insurance work in Calgary?

Your home insurance policy is a valuable form of protection for property owners in Calgary. Alberta home insurance rules and regulations apply throughout the province. These are outlined by the Province of Alberta Insurance Act. The Alberta Superintendent of Insurance (SOI) regulates insurance. So, whether you live in Calgary or any other city in the region, you follow the same insurance guidelines.

Even though Calgary homeowners don’t legally need to have it, home insurance is a worthwhile investment. It’s highly recommended. You need it if you have a mortgage. Lenders require it as part of the application process to qualify for a mortgage. Once you have coverage, you will pay a monthly premium in exchange for protection. If you open a claim, you will be responsible for paying a deductible. Your insurance company will cover qualifying costs up to your policy limit.

You can get insurance quotes through a private insurance company or an insurance broker in Calgary.

About home insurance in Calgary

The city is a large metropolitan in the foothills of southern Alberta. It has over 1.5 million residents and growing. This makes it the largest in the province and the fourth-largest in the country.

It is commonly referred to as Cowtown because of its connection to the Calgary Stampede, it is known for much more than this annual event. The skyline, proximity to the Canadian Rockies, oil and gas industry, and Heritage Park Historical Village are popular among residents and tourists.

The residential areas are made up of detached houses, condos, apartments, and other residences. Your style of residence impacts what you will pay for insurance for your home. For example, smaller homes with fewer personal belongings are more affordable to insure.

Here’s an overview of the types of homes you can expect to see in the city:

Type of dwelling	Amount
Number of private dwellings	519,69
Single-detached houses	58.3%
Apartment buildings 5+ stories	6.3%
Apartment buildings with less than 5 stories)	15%
Duplex	4.2%
Other dwellings	16.4%

Source: Statistics Canada

Types of Calgary home insurance

There is more than one type of coverage you can choose for your property. There are varying degrees of protection. Here are the main types of home insurance available to Calgary residents:

Basic home insurance: Covers perils that are outlined in your plan. You have coverage for the main risks to your property. This is the most affordable choice.
Broad form home insurance: Mid-level plan between basic and comprehensive. Get protection against most perils and basic coverage for personal items.
Comprehensive home insurance: The most thorough option. You have insurance for all risks unless specifically excluded from your plan.
No frills coverage: A plan for real estate in extenuating circumstances such as land or structural issues.

Optional Calgary home insurance coverage and endorsements

You can personalize your plan by adding optional coverage and endorsements (sometimes referred to as riders). Here are the most popular:

Sewer backup: Flood risks can cause sewer issues in Calgary.
Overland water damage: Flooding is more of a threat if you live near Bow River, Elbow River, Nose Creek, and West Nose Creek.
Earthquakes and landslides: Although rare, earthquakes can happen in Calgary.
Identity theft: Fraud is on the rise. Get assistance with recovery if your identity is compromised.
Watercraft: Take a ride on the lake knowing you're adequately covered.
Service line coverage: Protect your property just in case a service line is damaged during construction.
Home equipment breakdown: Get extra protection for your home systems and equipment.

How to get Calgary home insurance quotes

It's easy to get home insurance quotes from the top providers in Calgary. Find a better rate in just a couple of minutes.

1) Start your quote

Enter some personal info to get started.

2) Enter your house details

Tell us about your house and property.

3) Compare rates

See the best rates from the leading home insurers.

Get insured

Select the lowest rate and get insured.

Get Started

5-star Calgary home insurance

Rated 4.7 out of 5 stars in 1463 Google reviews

We help homeowners save on the right home insurance for their needs.

See all reviews

Kevin St Clair

2024-11-28

Betsy was a genuine pleasure to deal with considering the circumstances. Thanks again for all your help

Anthony Gomez

2024-11-27

Today, I want to take a moment to recognize Monica Chan, an exceptional insurance broker who has consistently gone above and beyond in her service to me. Monica's dedication to punctuality and consideration has been truly remarkable. She has always been prompt in responding to my inquiries and has never hesitated to offer her expertise and guidance. With Monica as my broker, I have never once felt worried about anything going wrong. Her proactive approach and attention to detail have provided me with peace of mind, knowing that my insurance needs are well-taken care of. Throughout our interactions, Monica has been incredibly helpful, patiently explaining complex insurance concepts and ensuring that I fully understand my coverage options. I wholeheartedly recommend Monica Chan to anyone seeking an insurance broker who genuinely cares about their clients' best interests. Her commitment to excellence and her willingness to go the extra mile make her an invaluable asset in the insurance industry.

Phyllis Baker

2024-11-20

Absolutely amazing service the broker Todd worked on my quote fast I recommend this company to anyone very professional I’m so glad I called them .. Thank you for your great work

Charles Cameron

2024-11-15

Betsy Bannon has been nothing short of amazing at helping us through the complex process of acquiring business insurance. She quickly understood our needs and expertly guided us to the right solution. From start to finish, she made us feel like her most important client which gave us the confidence that we were in great hands. We highly recommend Betsy!

Jermaine M

2024-11-05

I had a great experience with Patrick Vuong. He went above and beyond to help me update last minute changes to my policy in order to qualify for a government grant. Staying back late and coming in early the next day to help finishes the changes. Very kind and professional!

Mark Gaffney

2024-11-05

Betsy Bannon is a professional extremely friendly and knowledgeable and made my experience wonderful! Highly recommend her for any insurance needs. Mark Gaffney

fabian ward

2024-11-04

Great service! Prompt and very helpful! Thanks to Todd allan for really helping me out!

Stephen Mcfadden

2024-11-01

Great experience working with Sohel Rahman, appreciate his honest and can-do attitude. Highly recommend!

Why is Calgary home insurance coverage important?

Home insurance is a type of financial safeguard for Calgary homeowners. Your policy protects you against loss or damage to your home and belongings. It also protects you from liability claims against you. Here are some great reasons why you need homeowners insurance:

Peace of mind in knowing you have financial protection for damage to your home.
Secure your financial future.
You’ll need it if you have a mortgage.
You are protected if someone is injured on your property.

What is the average home insurance cost in Calgary?

Homeowners in Calgary can expect to pay more than the provincial average for home insurance. You'll also pay higher rates compared to home insurance in Edmonton. Plans fall within the range of $1,900 annually. This is about $158 per month. Costs are higher in the city because of the greater threat of flooding and water damage. The Bow and Elbow Rivers run through the city as well as several creeks.

Why is home insurance in Calgary so expensive?

Premiums in Calgary tend to be higher compared to other cities in Alberta and across the country. The main reason is the higher level of weather-related threats in the region. The significant cost insurers have taken on in flood, storm, and wildfire claims in recent years has driven rates up.

Another factor is Calgary is a large city. There are additional threats such as higher crime, greater risk of fire, and larger claims because homes have a higher replacement value.

What factors affect Calgary home insurance?

There are a lot of considerations that go into determining your insurance premium. Here are the common factors that affect home insurance rates in Calgary:

Neighbourhood and postal code: Where you live affects the likelihood of you filing a claim.
Home replacement cost: This is the cost to reconstruct your home if it were a complete loss.
Type of building and materials used at your place: The age and condition of your plumbing, electrical, roof, and materials used to construct your dwelling.
Contents and personal belongings: The more stuff you have, the more coverage you’ll need to protect it. Learn more about contents insurance.
Age of your property: Newer homes are less likely to have claimable damage.
Distance from a fire hydrant/fire station: The closer to emergency services the better!
Deductible amount: Increasing your deductible can help you lower your monthly payments.
Your claims history: Staying claims-free will help you get more affordable insurance.
Usage: if you run a home-based business, have a rental unit, or lease out your place on Airbnb, you’ll need additional coverage.
Type of policy, limits, and additional protection: The more elements you add to your plan, the more it will increase your premiums.
Liabilities: Pool, trampoline, pets, etc.
Theft and crime rate in your area: More crime and theft will make it more likely you’ll file a claim.
Credit score (optional): A good credit score could help you score lower rates.

How do I get cheap home insurance in Calgary?

Working with our insurance experts is a great way to save. Here are some other ways to get the cheapest home insurance in Calgary:

Bundle: Combining home and car insurance in Calgary qualifies you for the best discount.
Ask about discounts: Ask your advisor to look into additional home insurance discounts you may qualify for.
Improve security: Home security not only gives you peace of mind but can also lower your rates. Install a home security alarm system, sump pumps, and other things to protect your family and home.
Update your home: Renovations, upgrade plumbing, electrical, roof, etc.
Adjust coverage: Make sure your plan limits reflect the value of your belongings.
Increase deductible: If you can afford a higher deductible, consider increasing it. It is one of the easiest ways to lower your premium.
Search for quotes: Assessing your options from multiple home insurers will help you find ways to reduce how much you pay annually.
Don't just automatically renew: Checking rates before renewing is your chance to see if there are better rates.
Minimize claims: Staying claims-free can help you keep your insurance premiums as low as possible.
Credit consent: Allow for a soft credit check when getting a quote to get a lower rate.
Quit smoking: This will qualify you for a non-smoker discount.

Calgary home insurance FAQs

Is home insurance mandatory in Calgary?

Home insurance is not required in Calgary or anywhere else in Canada. There are instances, however, where you will need a policy. The most common is to get a mortgage. Banks and other financial institutions will not provide you with a loan without proof of coverage.

How much home insurance in Calgary do I need?

You have a lot of insurance options. The type of coverage and policy limits that make sense can vary based on your needs and risk tolerance.

Some people are comfortable with minimal coverage while others prefer a more extensive plan. It depends on your situation and lifestyle. If you have specific insurance needs, you can personalize your plan by adding endorsements. Speak with our advisors to get some advice on how much coverage makes sense for you.

What protection do I get with home insurance in Calgary?

Homeowners insurance provides you with protection in five areas:

Dwelling: The physical structure of your house. You have protection from damage from a variety of perils including water, fire, and unforeseen events.
Detached structures: Other structures on your land such as your deck, shed, and fence.
Personal belongings: Your personal items and contents such as clothing and furniture. Learn more about contents insurance.
Additional living expenses: After a loss, you get compensation for living expenses such as travel, hotels, and food.
Personal liability: Coverage if another person is injured on your property. You also have legal protection and legal fee coverage if you are sued.

What is not included in home insurance in Calgary?

Several perils are not included in standard basic home insurance policies in Calgary. You can get extra protection through a policy endorsement and add-ons. You are able to get extra protection through a policy endorsement and add-ons. Here’s what’s not covered in a basic homeowners policy:

Overland flood insurance: You can add this separately.
Frozen pipes - coverage applies in certain circumstances.
Earthquake insurance: You can add this separately.
Landslides
Pest and mould issues - this is a maintenance task.
Wear and tear due to lack of regular maintenance
Deliberate damage - This is fraud. You can be charged for damaging your property to file a claim.

What are the biggest insurance threats for households in Calgary?

There are a lot of potential threats Calgary homeowners should be aware of. Here are three:

Flooding: With several rivers running through the city, flooding is a big home insurance concern for Calgary residents. Where you choose to live can increase or decrease the risk of overland flooding, especially during the spring thaw. If you live in a higher-risk location for flooding in the Calgary region, you can expect to pay more for a policy.
Freezing pipes: Freezing winter temperatures increase the risk of frozen pipes, ice damming, and other potential damage.
Snow damage: Heavy snowfall can put undue stress on your roof and other areas of your home. The spring thaw also increases the threat of water damage if water doesn't drain away from your property correctly.

Compare home insurance quotes to find a more affordable policy in Calgary without sacrificing protection.

Should you add flood coverage to your home insurance in Calgary?

There has been no shortage of flood-related claims in the Calgary region over the past decade so having proper home insurance protection is important.

Your home insurance policy does provide you with some flood coverage. But, when you live in an area that is prone to flooding, having additional coverage is recommended. Most insurers offer an overland flood insurance endorsement.

Considering the flood in Calgary in 2013 caused over $7 billion in total losses, it’s highly recommended you invest in extra overland flood and water damage insurance. This will give you added protection if your basement is flooded, or your sewer backs up. Speak with our advisors about your options.

What are the best Calgary home insurance companies?

As a Calgarian, you have access to all the top home insurance companies. But, which one is the best insurance company for you? It’s the insurer that meets your home protection needs at the lowest rates.

Make sure they have an FSRAO license and are a member of the Insurance Bureau of Canada (IBC). But, you don't have to worry about that when you work with us. We’ve partnered with the leading insurance providers. Some of the home insurance companies we work with include:

Aviva - 112-4th Avenue SW, Suite 2100, Calgary, AB T2P 0H3
CAA Insurance - (AMA) 4700 17 Avenue SW, Calgary, AB T3E 0E3
Intact - 321 6 Ave SW #1200, Calgary, AB T2P 3H3
Economical - 322 11 Ave SW #700, Calgary, AB T2R 0C5
Travelers - 530 8 Ave SW Suite 2700, Calgary, AB T2P 3S8
Wawanesa - 708 11 Ave SW #600, Calgary, AB T2R 0E4
SGI Canada - 809 34 Ave SE, Calgary, AB T2G 4Y9

How do I submit a home insurance claim in Calgary?

Filing a home insurance claim is a straightforward process. Although, specific steps may vary by insurer. Here are the typical steps you’ll need to follow:

Make sure everyone is safe. Exit your home if it's unsafe in any way.
Call your insurer or broker as soon as possible after a loss.
Your insurer will open the claim. They’ll ask you a series of questions.
Your adjuster will send the appropriate assistance to your home.
Document (photo or video) all damage before starting to clean up.
A claims adjuster will visit your home to assess the damage.
You’ll be provided with additional living expenses (if necessary).
You can work with your insurer to choose a contractor/company to repair the damage.
Fill out all claims loss documentation.
You will receive a settlement value based on the damage (up to your coverage limits).
Repairs are scheduled and completed.

Please reach out to our advisors if you have any questions.

Save on home insurance in Calgary

We make it easy to get the best home insurance in Calgary. Our home insurance experts will make sure you get coverage that is personalized for your unique needs. We'll compare quotes from the top insurers to find the lowest rates. Your property will be insured properly and you'll save as much as possible. Get started online or give us a call today.

Get started

Insurance Blog And News

Read our insurance blog to get helpful tips, information and news.

2024-12-03

Calgary Home Insurance

Compare the best Calgary home insurance quotes and protect your property for a lower rate.

Compare Calgary home insurance quotes from top providers

Find better home insurance in Calgary