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.
How Does Home Insurance Work In Huntsville?
When you get a home insurance quote in Huntsville with MyChoice, you’re receiving a comprehensive policy that goes beyond just the basics — including Guaranteed Replacement Cost, which ensures your home will be rebuilt to its original condition even if the cost exceeds your dwelling coverage limit.
Your quote is made up of two main pillars: Base Residence / Dwelling (covering your home, contents, liability, and standard perils) and Enhanced Water Protection (covering floods, sewer backup, and groundwater seepage). Together, they form a complete protection package for your property and belongings.
| Coverage Type | What’s Included? | Average Annual Home Insurance Premium |
|---|---|---|
| Base Residence / Dwelling | – Dwelling Coverage – Outbuildings (detached structures) – Contents – Personal Liability – Voluntary Medical Payments – Voluntary Property Damage – Basic Water Damage | $1,460 |
| Enhanced Water Protection | – Sewer Backup Endorsement – Ground Water Endorsement – Overland Water Endorsement – Broad Water Damage Endorsement | $290 |
| Coverage Total: | $1,750 |
*A comprehensive home insurance policy protects your property and belongings against all perils except those specifically excluded by the policy. This typically includes: fire and smoke damage, wind and hail damage, lightning strikes, burst pipes (depending on the situation), falling objects (like trees or branches), theft and burglaries, and vandalism.
Base Residence / Dwelling Coverages:
| Coverage Type | Coverage Details | Average Coverage Amount/Limit |
|---|---|---|
| Dwelling Coverage | Covers the cost to rebuild your home after insured damage. | $1,000,000 |
| Outbuildings (detached structures) | Covers the cost to rebuild the detached structures (i.e. garages, sheds, fences). | $150,000 |
| Contents | Protects your belongings from damage or loss due to covered perils. | $750,000 |
| Personal Liability | Legal & medical costs if someone sues you for injury/property damage. | $1,000,000 |
| Voluntary Medical Payments | Pays limited medical expenses if someone is accidentally injured on your property, regardless of fault | $4,500 |
| Voluntary Property Damage | Covers small amounts for accidental damage you cause to someone else’s property (or damage caused by a minor in your care | $1,500 |
| Basic Water Damage | Protects against sudden and accidental internal water damage (e.g., burst pipes or overflowing appliances | $1,000,000 |
*Please note that the average coverage limits in the tables above and below are based on the dwelling coverage of $1 million and can vary by house and carrier.
Enhanced Water Protection:
| Coverage Type | Coverage Details | Average Coverage Amount/Limit |
|---|---|---|
| Sewer Backup Endorsement | Pays for damage caused by sewage or septic systems backing up into the home. | $100,000 |
| Ground Water Endorsement | Adds protection against damage from ground‑water seepage, which is not covered by standard policies. | $250,000 |
| Overland Water Endorsement | Covers damage from freshwater entering your home from rivers, lakes or heavy rainfall. This is typically optional and recommended for homes in flood‑prone areas. | $250,000 |
| Broad Water Damage Endorsement | A catch‑all rider that may combine overland water, sewer‑backup and ground‑water coverage and may also include protection for seepage or ice‑damming (depending on the insurer) | $250,000 |
*MyChoice recommends getting the enhanced water protection package if you live in flood-prone areas in Ontario, as mentioned in our latest study.
Home Insurance Price in Huntsville by Dwelling Type
Below is the average home insurance price in Huntsville, categorized by dwelling type:
| Type of Dwelling | Average Annual Home Insurance Premium |
|---|---|
| Detached | $1,750 |
| Semi-Detached | $1,610 |
| Freehold Townhouse | $1,505 |
How Huntsville Home Insurance Rates Compare to Nearby Cities
Huntsville’s home insurance rates are among the highest in the region, well above Barrie and Innisfil, though similar to nearby Gravenhurst.
| City | Average Annual Home Insurance Premium |
|---|---|
| Huntsville | $1,750 |
| Gravenhurst | $1,734 |
| North Bay | $1,657 |
| Orillia | $1,429 |
| Barrie | $1,276 |
| Innisfil | $1,330 |
How Much Does Home Insurance in Huntsville Usually Cost?
Home insurance cost in Huntsville is around $1,750 annually, higher than the provincial average. 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.
Common Home Insurance Discounts in Huntsville
Certain insurers offer home insurance discounts that can significantly reduce your premium — sometimes by up to 20% when combined. Please note that these discounts depend on your property type, condition, the insurer and even external conditions like natural disasters or crime rates in your specific area. Talk to your broker or insurer to learn more about what discounts they offer in your area.
Here’s a look at the most common discounts you can get on home insurance in Huntsville:
| Discount Type | Average Percentage Savings | Average Discount Value |
|---|---|---|
| Multi-Line (Home + Auto) | 11.4% | $200 |
| Claims-Free Discount | 16.5% | $289 |
| Alarm System (Burglar) | 7.5% | $131 |
| Alarm System (Fire) | 5.0% | $88 |
| Membership Discount (CAA) | 10.0% | $175 |
| Non-Smoker Discount | 7.5% | $131 |
How Huntsville Home Insurance Rates Compare to Provincial Average
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:
Probability of Significant Disasters 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.
The following MyChoice probability scores for Huntsville are based on historical data from the Canadian Disaster Database (CDD), which has tracked major disasters in Canada since 1950. These scores represent the relative likelihood that each type of significant event could occur at least once in Huntsville over the next decade. The comparison is made against both other regions in Canada and other types of events, helping illustrate where the greatest risks to homeowners may lie.
According to the CDD, an event is classified as significant if it results in 10 or more deaths, 100 or more people affected (injured, evacuated, or left homeless), an appeal for national or international assistance, historical importance, or severe damage that prevents a community from recovering on its own.
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% |
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.