Name: Lakeview Insurance
Address: Calgary, AB
Telephone: 403-287-2521

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].

Some decisions shouldn’t require much thought, like deciding to buy home insurance. Preparing for the unexpected can save you a bundle if something does happen. But the fact that it’s easy to decide to get insurance doesn’t mean it’s easy to find the right policy without spending too much.

Use These Tips To Help You Save Money On Home Insurance in Calgary

Compare Calgary Insurance Companies
Shop around and see if any insurance companies in Calgary are offering discounts. Check memberships as well; sometimes being a veteran, part of a college alumni association, or other clubs and associations can get you a discount.
Improve Your Home
Upgrading your home can lower premiums as well, particularly if you’re in an older home. Ask insurance companies in Calgary if they’ll give you a lower rate if you complete home improvements that make the house safer. This usually involves a core element, like plumbing or wiring.
Understand the Difference between Actual Cash Value and Replacement Cost
Home insurance comes with a variety of options that affect the price. One big one is whether you choose a policy with actual cash value (ACV) or replacement cost. ACV is the current value of your home and property, while replacement cost is what it takes to replace your home and property. A replacement cost policy generally has higher premiums, but is a better choice for homeowners.
Agree to a Higher Deductible for Your Home Insurance
Increasing your deductible can significantly reduce premiums. Just remember that means you’ll need to pay more before insurance kicks in, so set aside the necessary funds.
Consider an Umbrella Policy from Insurance Companies
It doesn’t save money initially, but is a big benefit if you ever need home insurance in Calgary for a large claim.

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].