Home insurance provides financial compensation if certain perils damage your home. This means you don’t need to pay for the repair and replacement costs yourself. In addition to the financial benefit, home insurance provides peace of mind knowing that your home and belongings are protected.
As a homeowner in Huntsville, you want an insurance policy that protects you from common risks like fire, theft, and storms. However, choosing the right policy can be hard because so many insurance companies, coverage options, and other factors complicate decision-making. Learn more about home insurance in Huntsville, from what influences your premiums to the common risks you should be aware of.
Quote data from MyChoice.ca, January 2025
What Risks Affect Huntsville Homeowners?
As a homeowner, you need to be aware of common risks that may damage your home and its belongings. Here are common risks you should prepare for as a Huntsville resident:
Severe Event Probability in Huntsville
Between April 4 and April 9, 1979, a large spring storm in southern Ontario impacted Huntsville with wet snow, high winds, and dangerous driving conditions.
Below are the MyChoice severe event probability scores for Huntsville, 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 Huntsville Usually Cost?
Home insurance cost in Huntsville is around $1,261 annually. Your home insurance rates may vary depending on your insurance company and a host of other factors. Some factors that influence your premiums include your home’s condition, location, and size.
New, well-maintained homes may get more affordable rates because they’re less likely to be damaged in accidental fires or similar perils. Conversely, old, sparsely-maintained homes may get higher rates because there’s a higher risk of damage due to various causes.
Quote data from MyChoice.ca, January 2025
Housing Data in Huntsville
Curious about the housing landscape in Huntsville? Here’s a quick overview of the town’s housing landscape from the 2021 Census of Population:
Homeownership Rate by Age in Huntsville
Almost three in four young adults (25-39) own houses in Huntsville which is quite high relative to other cities in Ontario. The highest homeownership rate in the city is among the people aged 55 to 74 at 87.4%.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 19.2% |
| 25 to 39 | 68.8% |
| 40 to 54 | 79.2% |
| 55 to 74 | 87.4% |
| 75 and over | 81.7% |
Huntsville Population Growth
Population in Huntsville grew by 6.66% in 5 years since 2016.
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 Huntsville. 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 Huntsville?
You don’t “need” home insurance in Huntsville because no law requires it. But a home insurance policy is still highly recommended because it protects your home from various hazards. Here are three great reasons to buy a home insurance policy in Huntsville:
How You Can Get Cheap Home Insurance in Huntsville
Visit our provincial page to view the list of recommendations on how to get cheaper home insurance.