Quote data from MyChoice.ca, January 2025
What Risks Affect Homeowners in Airdrie
Airdrie is often exposed to extreme weather. Here are some common risk factors homeowners in Airdrie should watch out for:
Severe Event Probability in Airdrie
On June 19, 2013, widespread flooding in southern Alberta affected many communities, including Airdrie, which implemented local advisories as water levels rose.
Below are the MyChoice severe event probability scores for Airdrie, based on the historical data from the Canadian Disaster Database collected since 1950. The percentages reflect the likelihood of a major event in question occurring at least once in the region in the next decade – relative to other regions and events.
How Much Does Home Insurance in Airdrie Usually Cost?
Home insurance in Airdrie costs around $1,090 annually. Home insurance premiums are affected by factors like your home’s age, roofing type, proximity to fire hydrants, and more.
Using your home as a place of business may also influence your home insurance rates. Using your home for business means more people coming in and out of your property, increasing your liability and risk of losing your belongings.
Quote data from MyChoice.ca, January 2025
Housing Data in Airdrie
Located just 28 minutes north of Calgary, living in Airdrie means you’ll have an easy time commuting to the city for work and pleasure. However, that doesn’t mean Airdrie is just Calgary’s bedroom community. With fast population growth and the rise of new businesses, working in Airdrie is also a viable option if you’re thinking about moving there.
Airdrie isn’t lacking in activities, either. The city boasts 1,500 acres of parkland for you to explore and enjoy. You also have a host of local attractions like museums, antique stores, and gift shops you and your family can explore.
The average single-family home price in Airdrie is $80,000 under Calgary’s. Townhomes are also $70,000 more affordable in Airdrie compared to Calgary. If you’re looking to live outside the big city but still have easy access to it, Airdrie can be the perfect choice.
Thinking about moving to Airdrie? Checking the city’s housing landscape is a good idea since it’ll help you understand whether it’s right for you. Here’s a closer look at the residential statistics of Airdrie courtesy of the 2021 Census of Population:
Homeownership Rate by Age in Airdrie
Homeownership in Airdrie is predominantly high among individuals aged 25 and older, with particularly strong rates in those aged 40 and up. The significant 74.3% ownership rate among the 25 to 39 age group suggests a robust engagement with the housing market among younger adults.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 24.5% |
| 25 to 39 | 74.3% |
| 40 to 54 | 84.7% |
| 55 to 74 | 82.5% |
| 75 and over | 80.5% |
Average Home Price in Airdrie by Dwelling Type
Below are the average values of homes in Aidrie, categorized by dwelling type:
| Type of Dwelling | Average Value |
|---|---|
| Detached | $719,195 |
| Semi-Detached | $620,000 |
| Freehold Townhouse | $465,000 |
Airdrie Population Growth
From 2016 to 2021, Airdrie experienced a notable population growth of approximately 20.3%. This trend underscores Airdrie’s development as a vibrant and thriving community within the region.
What Is Not Included in a Typical Airdrie Home Insurance Policy?
Even if you’ve opted for a highly comprehensive home insurance policy, there are some risks that insurers explicitly don’t include as a covered peril. These are called “exclusions” by home insurers.
Here are the most common home insurance exclusions:
This is by no means an exclusive list of risks typically excluded from a home insurance policy in Airdrie. Talk to your home insurance provider to see what’s covered by your policy in case of loss or damage.
Why Do I Need Home Insurance in Airdrie?
There are many potential risks to your Airdrie home. From flooding due to heavy rain to fires, unforeseen incidents can damage your home or its attached structures severely, which can take a lot of money to repair. Somebody can even get into an accident on your property, which might result in hefty legal and medical fees.
Unexpected expenses due to these incidents can stretch your finances thin. The good news is that home insurance can help. A home insurance policy can foot your home repair bills if a covered peril damages it. Additionally, it pays for the many costs associated with personal injury lawsuits.
With the many options for home insurance, which one is right for you? There’s no one “best” home insurance policy for everybody, so you need to learn more about home insurance in Airdrie to make the right decisions.
You technically don’t need home insurance in Airdrie, because it’s not a legal requirement for homeowners. However, you should still get a policy to protect your home as well as its contents. Here are three main reasons why having a home insurance policy is a good idea:
How You Can Get Cheap Home Insurance in Airdrie
Visit our Alberta page to view the list of recommendations on how to get cheaper home insurance.