Though home insurance isn’t legally required, St. Catherines homeowners should still consider getting a policy. Home insurance covers your home and personal possessions in case they’re destroyed or damaged by an insured risk such as a flood or a fire. A policy also covers your liability if an accident results in injuries or damage to your home.
Learn more about how St. Catherines home insurance works, what its standard inclusions are, and what add-ons you can get for more protection. Discover how your home’s location affects your quotes and what risks you should be mindful of as a St. Catherines homeowner.
Quote data from MyChoice.ca, January 2025
What Risks Affect Homeowners in St. Catharines?
If you’re a homeowner in St. Catharines, there are specific risks that you need to be vigilant against as they’re more likely to damage or destroy your home and belongings. Here are some common perils that may affect St. Catharines residents and the type of coverage they may need:
Severe Event Probability in St. Catharines
On January 28, 1977, St. Catharines endured the same multi-day blizzard that paralyzed the Niagara Peninsula, cutting off many roads and highways.
Below are the MyChoice severe event probability scores for St. Catharines, 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 St. Catharines Usually Cost?
The average cost of home insurance in St. Catharines is $1,190 annually. Note that your quotes will go up or down depending on different factors like your neighbourhood’s claims history, your home’s proximity to fire hydrants, and the area’s crime rate.
If your neighbourhood has a lower crime rate, easier access to emergency services, and well-maintained infrastructure, this can result in more affordable home insurance premiums. However, if your area is more densely populated or has increased exposure to certain perils, this can increase the average rate in your postal code.
Quote data from MyChoice.ca, January 2025
Does Where You Live in St. Catharines Affect Your Home Insurance?
Yes, where you live in St. Catharines can affect your home insurance. Home insurance companies will look at different considerations to calculate your premiums, and one of these is your neighbourhood. Here are some ways that your location can make your quotes cheaper or more expensive:
Postal Codes With the Most Expensive Home Insurance in St. Catharines
The L2R postal code region tends to have above-average home insurance rates in St. Catharines.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| L2R | $1,237 |
Quote data from MyChoice.ca, January 2025
Postal Codes With the Least Expensive Home Insurance in St. Catharines
Whereas the L2S postal codes have some of the cheapest home insurance rates in St. Catharines.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| L2S | $1,147 |
Quote data from MyChoice.ca, January 2025
Housing Data in St. Catharines
Wondering how many St. Catharines residents own their homes instead of renting them, or the average condition of a St. Catharines home? Here’s a breakdown of housing data in St. Catharines according to the 2021 Census of Population:
Homeownership Rate by Age in St. Catharines
The homeownership rates in St. Catharines vary by age group, with younger individuals aged 15 to 24 exhibiting the lowest rate at 16.8%, gradually increasing to 72.7% for those aged 75 and over. Notably, homeownership rates rise steadily with age, peaking among older demographics, reflecting a trend of increased homeownership as individuals progress through different life stages.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 16.8% |
| 25 to 39 | 48.9% |
| 40 to 54 | 65.1% |
| 55 to 74 | 72.2% |
| 75 and over | 72.7% |
Average Home Price in St. Catharines by Dwelling Type
Below are the average values of homes in St. Catharines, categorized by dwelling type:
| Type of Dwelling | Average Value |
|---|---|
| Detached | $650,000 |
| Semi-Detached | $532,500 |
| Freehold Townhouse | $510,000 |
St. Catharines Population Growth
St. Catharines’ population increased slightly from 133,113 to 136,803 people between 2016 and 2021, correlating to a growth rate of 2.8% across the five-year period.
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 St. Catharines. 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 St. Catharines?
Home insurance isn’t mandatory for St. Catharines homeowners, but it’s still a good idea to get a policy for your peace of mind. Natural disasters can cause unexpected damage and destruction, as can accidents in your home. These can result in big bills you may have trouble paying without a policy to cover you.
Here are some compelling reasons why you should get home insurance in St. Catharines:
How You Can Get Cheap Home Insurance in St. Catharines
If you’re trying to save money on your preferred home insurance coverage in St. Catharines, visit our Ontario page for practical tips.