Belleville home insurance may not be legally required, but there are still many excellent reasons to get it if you’re a homeowner. A home insurance policy can cover damage or loss of your home, personal possession, and attached buildings like your garage or tool she
It can even cover you if accidents in your home cause injuries or damage to your property. Home insurance policies have three varying levels of coverage, each with standard inclusions and optional add-ons for protection from more risks. Learn how Belleville home insurance works, reasons why you should get it, and how to get your preferred coverage at affordable quotes.
Quote data from MyChoice.ca, January 2025
What Risks Affect Belleville Homeowners?
Belleville homeowners are exposed to several hazards that can result in damage or even total destruction of their homes or belongings. These are common risks that typically affect Belleville homeowners and should be serious considerations before choosing your home insurance coverage:
Severe Event Probability in Belleville
On April 14, 2008, the Moira River overflowed in Belleville and flooded numerous homes, prompting emergency measures and some evacuations.
Below are the MyChoice severe event probability scores for Belleville, 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 Belleville Usually Cost?
The average cost of home insurance in Belleville is $1,225 annually. Note that this average can go up or down depending on several factors in your home’s location, such as access to emergency services, the quality of local infrastructure, and local real estate values.
For example, if your home is in a neighbourhood with a lower crime rate, has better roads nearby, or is close to fire hydrants, your home insurance premiums will tend to be lower. On the other hand, if you live in an area that exposes you to more perils and potential natural disasters like floods, your quotes will be higher.
Talk to your preferred home insurance provider to find out more about other considerations that may raise or lower your premiums. Don’t fret if your neighbourhood has higher costs than the city average, as there are still key measures you can take to get more affordable coverage.
Quote data from MyChoice.ca, January 2025
Does Where You Live in Belleville Affect Your Home Insurance?
Yes, where you live in Belleville can affect your home insurance. Home insurance companies consider several different factors before offering you quotes, and one important factor is where you live in Belleville. Here are some ways that where you live in Belleville may affect your home insurance premiums:
Postal Codes With the Most Expensive Home Insurance in Belleville
K8R and K8P are the most expensive postal codes in Belleville for home insurance.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| K8R | $1,300 |
| K8P | $1,295 |
Quote data from MyChoice.ca, January 2025
Postal Codes With the Least Expensive Home Insurance in Belleville
K8N is the least expensive postal code in Belleville for home insurance.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| K8N | $1,195 |
Quote data from MyChoice.ca, January 2025
Housing Data in Belleville
Curious about the average age and condition of homes in Belleville? Here’s a simple breakdown of housing data in Belleville according to the 2021 Census of Population:
Homeownership Rate by Age in Belleville
The average homeownership rate among young adults is quite low in Belleville at 48.3%. People in their 50s and 60s have the highest homeownership rate of 69.7% among the Belleville’s homeowners.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 10.3% |
| 25 to 39 | 48.3% |
| 40 to 54 | 65.2% |
| 55 to 74 | 69.7% |
| 75 and over | 66.9% |
Average Home Price in Belleville by Dwelling Type
The average price for a single detached house in Belleville is $519,000, way below the provincial average of $800,000.
| Type of Dwelling | Average Value |
|---|---|
| Detached | $519,000 |
| Freehold Townhouse | $549,000 |
Belleville Population Growth
Belleville’s population grew by 8.58% from 2016 to 2021, following the overall trend of population growth in Canada.
What Is Not Included in a Typical 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 Belleville. 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 Belleville?
You don’t “need” home insurance to be a homeowner in Belleville. However, it’s still a good idea to get a home insurance policy to cover huge expenses.
Home insurance isn’t mandatory in Belleville, but you may still need it to protect your home, belongings, and liability in situations that would otherwise put you out of pocket. Here are some compelling reasons why you should get Belleville home insurance:
How You Can Get Cheap Home Insurance in Belleville
Are you looking for ways to save money on your Belleville home insurance? Visit our provincial page for practical tips.