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First, we need to know about you and your home. It only takes 3 minutes, and it’s 100% confidential.
Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.
When you find the best quote, secure your Edmonton home insurance rate by talking to a licensed broker or agent.
Home, condo, or renters insurance is a type of insurance that covers loss and damages to your home and any assets in it. Home insurance also provides liability coverage against accidents that occur in or on your property. While home insurance coverage isn’t mandatory in Canada, you’ll be hard pressed to find a lender who will give you a mortgage without it. That’s why finding the right home insurance in Edmonton, Alberta is so important.
With LowestRates.ca, you can compare home insurance quotes from Edmonton’s top home insurance brokers and agents in just a few minutes. All you have to do is select your preferred quote, and an Edmonton home insurance provider will be in touch to help you secure it. Not ready to fill out a form? No problem. We answer some of the biggest questions you may have below.
See how much you could be saving on home insurance.
Type of home | Location | Previous claims | Lowest rate | Average rate | Saved |
---|---|---|---|---|---|
Quote from June 24, 2022 Type of home Detached 1,544 sq ft | Location Edmonton | Previous claims None | Lowest Rate $80/mth $957/yr | Average rate $189/mth $2,272/yr | Saved $110/mth 58.00% |
Quote from June 24, 2022 Type of home Detached 1,151 sq ft | Location Edmonton | Previous claims None | Lowest Rate $83/mth $996/yr | Average rate $143/mth $1,716/yr | Saved $60/mth 42.00% |
Your home insurance policy will be customized to suit your needs and the property you’re insuring.
Home insurance premiums are determined by dwelling type (is it a single-detached home, a house with a basement tenant suite, or a condo?). Insurance companies also try to predict the kind and size of claim you might make in the future.
Here are some of the criteria insurance companies look at when calculating your premium.
It’s difficult to say exactly what your home insurance price in Edmonton will be. Because insurance is such a customized product, your costs will depend on the home insurance company in Edmonton you choose to work with. Furthermore, the average cost of home insurance in Edmonton probably wouldn’t be an indicator of what you’ll pay. Home insurance rates will vary based on the age of property, construction, wiring, and other elements.
One of the fastest ways to get an Edmonton home insurance estimate is to fill out a form on a rate comparison site like LowestRates.ca. We’ll show you 15+ quotes from the top insurance companies serving Edmonton.
While property insurance in Edmonton doesn’t differ greatly from property insurance in other cities, there are some specific risks to be aware of. For example, the province of Alberta is prone to wildfire damage, even though Edmonton is relatively protected from this issue, especially when compared to Calgary. However, Edmonton homeowners are vulnerable to other risks including:
Generally speaking, house insurance in Edmonton will cover:
Generally speaking, your home insurance coverage in Edmonton will include the following risks:
Most home insurance providers in Edmonton won’t cover two kinds of risks: uninsurable perils and optional coverage:
Standard homeowners insurance in Edmonton comes in four different forms: comprehensive, basic, broad, basic and no frills.
Comprehensive - This type of insurance covers the building and contents from all insurable perils.
Basic or Named Perils - This policy insures your home and property for perils specifically named in your policy.
Broad - A broad policy insures your home for all risks as a result of direct damage or physical loss, but the contents are only covered against perils that you name in the policy. It’s considered a middle-ground between a comprehensive and basic policy.
No Frills - As the name suggests, it’s basic coverage for properties that don’t meet normal insurance standards.
While Edmonton is less exposed to the kind of environmental perils than other cities in Alberta, there are some endorsements homeowners and renters should consider including sewage backup, flooding and increased liability for your valuable items.
Purchasing extra coverage will likely increase home insurance premiums for Edmonton residents, but it’s important to ensure that your assets are adequately protected. If they’re not, the costs of repairs and damages might outweigh the cost of additional coverage.
Living in a major city can be expensive, but finding cheap home insurance in Edmonton can help you cut costs. If you’re looking to lower the cost of your premium on your Edmonton home, you can:
Finding affordable home insurance in Edmonton doesn’t have to be a struggle. Whatever your method of getting the best rate, comparison shop before you buy so you can compare current home insurance rates from Edmonton providers.
Most places will ask you a series of questions about your home before giving an estimate. You’ll be asked your address, postal code, the size and age of your home, the type of roof, whether you have a deck or a basement, and the type of electrical wiring throughout your home. All this will ensure you get the correct rate and the appropriate amount of coverage.
There is no single answer to this question. There’s no one insurance provider that provides the best home insurance rates to all Edmonton customers because everyone’s home insurance needs are different. The right company is the one that offers you the best rate for the type of coverage you need.
Not all insurance companies will be right for you. Here are several things to keep in mind when you’re choosing an insurer in Edmonton:
Finding an Edmonton home insurance quote online can be the fastest way to get in touch with the right provider that suits your needs.
You’re in luck! LowestRates.ca offers policies to renters and condo owners. If you’re on the market for either of these policies, you can actually fill out the property insurance form above and select the Condo Insurance or Renters Insurance option on the first page. If you’re looking for more information about either of these products, feel free to visit either our dedicated Condo Insurance or Renters Insurance pages.
Jessica Vomiero
About the Author
Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.
Home insurance rates fluctuate annually. Don’t leave money or coverage on the table by not comparing rates.