The Best Home Insurance Quotes in Calgary

Is home insurance getting more expensive in Calgary in 2026?

Yes, home insurance is getting more expensive in Calgary – as part of a broader Alberta-wide trend. According to the Applied Rating Index, home insurance premiums across the province rose 11.9% year over year in Q2 2026, with Calgary homeowners feeling the same pressure as the rest of Alberta.

Calgary home insurance premium trends 2024 – 2026

Home insurance premiums in Alberta are on the rise in 2026, a trend Calgary homeowners are seeing reflected in their own renewal notices, and one that’s on track to continue in 2027. According to the Applied Rate Index, premiums in Alberta increased 11.9% year over year in Q2 2026. This is above the comparable increase in Q2 2025, which was 9.5%, but well below the increase seen in Q1 2026, which was 16.2%. The overall trend, however, upward, as the four quarter have all seen year-over-year increases above the 10% mark in Alberta.

Note: The percentages listed above are derived from comparing rates from one quarter to the same quarter in the prior year (e.g., Q2 2026 is compared to Q2 2025).

Source: The Applied Rate Index (Q2 2026)

What's behind Calgary’s home premium increases in 2026?

As shown by a recent study by Statistics Canada, some of the biggest culprits behind the rise in home insurance premiums in Calgary and Alberta at large are more frequent bouts of extreme weather in the last six years, plus higher rebuilding costs, which were in part caused by the pandemic.

So far, 2024 is the costliest year on record for extreme weather claims, with insured losses amounting to $9.2 billion.

Calgary has been at the centre of that trend. On August 5, 2024, a hailstorm dropped chicken-egg-sized hail on the city, damaging nearly one in five homes and racking up close to $2.8 billion in insured losses – the second-costliest insured event in Canadian history, behind only the 2016 Fort McMurray wildfire. That came just four years after the June 2020 Calgary hailstorm, which caused roughly $1.3 billion in damage and was, at the time, the costliest hailstorm in Canadian history. Together, these back-to-back events are a big part of why Calgary homeowners have seen some of the sharpest premium increases in the province.

As for rebuilding costs, a recent report by Verisk shows that residential rebuild costs in Alberta increased 24.3% between January 2021 and January 2026, with a 12.8% increase over the past three years. Canada is also short on skilled trades labour in the residential construction sector, with job vacancies being projected to rise from 11% to 13% per year between 2026 and 2045.

Though the outlook isn't exactly optimistic, there are ways to mitigate these issues – mainly through premium comparison and avoiding high-risk areas when buying a new home.

How Calgary’s biggest property risks compare to the rest of Alberta

Rates.ca’s proprietary data shows that wind/hail and crime (theft) pose the biggest risk to Calgary homes in 2026. On the scale of Very Low, Low, Medium, Very High and Extreme, the wind/hail and crime (theft) categories both fall under High. System back-up (i.e., sewer back-up) falls under Medium, while wildfire and flood from exterior sources are under Low. The provincial median for both wind/hail and crime (theft) is Medium, putting Calgary on the higher end in these categories, but in every other category, it's on par.

Calgary’s biggest property risks by postal code

Rates.ca’s proprietary data shows that wind/hail and crime (theft) pose the biggest risk to homes across most of Calgary in 2026, aside from a few select postal codes. On the scale of Very Low, Low, Medium, Very High and Extreme, the wind/hail and crime (theft) categories fall under High for most postal codes. 

Postal codes starting with T2X, T2Y, T3J, T3K, T3N, T3P and T3R fall under Extreme risk for wind/hail, which puts them above the city median.

T2B, T2E, T2H, T2K, T2L, T2M, T2V, T2W and T3E postal codes fall under High risk for system back-up (i.e., sewer back-up), while T2G, T2N, T2R and T2S postal codes fall under Medium risk for flood from exterior sources, which puts them above the city median as well.

The other risk categories and postal codes do not exceed the median for Calgary or Alberta at large.

Choosing the right home insurance policy in Calgary

Buying or owning a home in Calgary comes with a big responsibility. And while protection of your property and its contents is not mandatory, many or most mortgage lenders will not help you finance your purchase unless you have home insurance.

Here are some of the important details you need to consider when choosing coverage that’s right for you and your home.

Types of home insurance in Calgary

• Property and building. This coverage protects both the structure(s) on your property, as well as the property itself, from a variety of perils. Protected incidents include fire, theft and water damage, among others. Since some policies may require additional coverage for secondary structures, like a garage or guest house, you should consult your insurer, if anything is unclear.
• Contents and personal property. Contents and personal property coverage protects your possessions, such as furniture, clothing and sports equipment, against theft and vandalism. Some items, like fine art and expensive jewelry, may not be protected under a standard policy. However, excluded items can be protected with additional coverage.
• Additional living expenses. If you’re temporarily displaced by an insurable event, this protection covers your temporary housing costs. For example, if damage to your home forces you to spend a week at a hotel, this will cover your expenses for the room and food – up to a certain amount.

Liability coverage

• Personal liability: This coverage provides protection against liability in the event someone is accidentally injured on your property.
• Voluntary medical payments: If you unintentionally injure someone, or someone accidentally injures themselves on your property, this coverage will pay the medical expenses for up to one year from the date of the accident.
• Voluntary property damage: This coverage is for unintentional direct loss or damage you cause to someone’s property. It also covers unintentional loss or damage to someone else’s property by a minor (12 years or under) in your care.

Commonly covered perils

Certain perils are also covered by standard insurance policies, including:

• Fire
• Lightning
• Water damage
• Wind
• Aircraft or vehicle impact
• Explosion
• Smoke (caused by cooking devices or heaters, but not fireplaces)
• Theft and vandalism (such as broken windows)
• Falling objects (except if caused by an earthquake, landslide or snowslide)

Add-ons to home insurance coverage in Calgary

These are some of the most common home insurance add-ons, also known as riders, that you can add to your home insurance policy:

• Overland water. Although not every carrier offers this add-on, if your insurer does, it covers property damage from overflowing water from nearby rivers, streams, lakes and thawing snow.
• Sewer back-up. Protects your home when a main sewer backs up and causes damage.
• Earthquake. Covers losses or damage caused by an earthquake. This add-on is especially useful if your home is in an area vulnerable to earthquakes.
• Mass evacuation. If an event, like a flood or wildfire, triggers a government-issued evacuation order, this add-on would pay for some of the expenses you incur while being away from your home.
• Identity theft. Covers the cost of replacing important documents, such as your passport.
• Lock replacement. If you need to replace the locks on your house, this add-on provides coverage.

What Calgary home insurance may not cover

There are certain perils that standard Calgary home insurance policies won’t cover. In these cases, add-on protection may be available for an extra charge. Whether getting additional coverage is worthwhile depends on how relevant any of the uncovered perils are for your home. Examples of non-standard coverage include:

• Renting all or part of your property to long- or short-term guests.
• Injuries or damage caused either intentionally or by illegal activity.
• Damage caused because basic measures of protection and maintenance have not been taken.
• Liability for clients or customers visiting a home-based business.
• Natural disasters, such as earthquakes and landslides.
• Certain water damage, such as sewer back-up and flooding from overland water.
• Certain weather issues in winter, such as damage to the outside of your home caused by freezing and water damage (due to frozen or burst pipes).
• Damage from insects and rodents.