Quote data from MyChoice.ca, January 2025
What Risks Affect Sarnia Homeowners?
Different parts of Canada have different risks that homeowners need to watch out for. Here are three common risks that you should prepare for when living in Sarnia:
Severe Event Probability in Sarnia
On March 27, 1991, Sarnia experienced a severe tornado that swept through the city, inflicting over $28 million in damage.
Below are the MyChoice severe event probability scores for Sarnia, 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 Sarnia Usually Cost?
Home insurance in Sarnia costs anywhere from $1,136 to $1,617 annually, with the average premium coming in around $1,350. Your home insurance premiums are affected by various factors, ranging from your home’s condition, proximity to fire hydrants, and more.
Home condition is a major factor in determining your home insurance rates. Insurers look at things like your home’s value, size, age, as well as its contents. Larger and older homes usually get higher rates because they’re more prone to damage and more expensive to rebuild or repair.
Quote data from MyChoice.ca, January 2025
Postal Codes With the Most Expensive Home Insurance in Sarnia
L1S and L1N postal codes have above-average home insurance rates in Sarnia.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| N7V | $1,421 |
| N7S | $1,366 |
Quote data from MyChoice.ca, January 2025
Postal Codes With the Least Expensive Home Insurance in Sarnia
The L1T and L1Z postal codes have some of the cheapest home insurance rates in Sarnia.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| N7T | $1,308 |
Quote data from MyChoice.ca, January 2025
Housing Data in Sarnia
What’s the housing landscape in Sarnia like? Here’s a look at housing data in Sarnia from the 2021 Census of Population:
Homeownership Rate by Age in Sarnia
Homeownership in Sarnia is fairly consistent in relation to other rural cities in Ontario, residents aged 40 or above are the main owners of homes in the city while the younger age groups are yet to own a home, particularly the 15 to 24 age group.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 20.9% |
| 25 to 39 | 57.6% |
| 40 to 54 | 69.2% |
| 55 to 74 | 74.9% |
| 75 and over | 70.4% |
Average Home Price in Sarnia by Dwelling Type
Below are the average values of homes in Sarnia, categorized by dwelling type:
| Type of Dwelling | Average Value |
|---|---|
| Detached | $324,000 |
| Semi-Detached | n/a |
| Freehold Townhouse | n/a |
Sarnia Population Growth
Sarnia’s population increased ever so slightly from 71,594 to 72,047 people between 2016 and 2021, indicating a small growth rate of roughly 0.6% across the five years.
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 Sarnia. 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 Sarnia?
Home insurance isn’t legally required in Sarnia, like many other places in Canada. But, it’s still a very good idea to have a home insurance policy to protect you from unforeseen events and accidents. Home insurance protects you by providing financial compensation, so you don’t have to pay for repair or replacement out of pocket. Here’s a look at the three reasons to get home insurance in Sarnia:
How You Can Get Cheap Home Insurance in Sarnia
If you’re trying to save money on your preferred home insurance coverage in Sarnia, visit our Ontario page for practical tips.