With so many moving parts, home insurance can be challenging to understand. But if you want to protect yourself, your home, and your loved ones, there are a few basic things you need to know.
Keep reading to learn all about home insurance in Kingston, including how the process works, what affects your premiums, and where to find the best insurance providers for you.
What Risks Affect Homeowners in Kingston?
Canadian homeowners across the nation experience similar natural and man-made risks, but there are a few risks specific to the Kingston area. These include:
How Much Does Home Insurance in Kingston Usually Cost?
Because home insurance rates are determined by a variety of factors, there’s not going to be a definitive answer as to how much Kingston home insurance premiums will cost.
Insurance providers will look at the value and age of your home, where it’s located, and what policy type you prefer. Expect to get different quotes, as different companies will have different ways to assess your coverage needs and potential risk.
That said, the cost of home insurance in Kingston is around $749/year. This is much lower than Ontario’s average of $1,155/year.
Does Where You Live in Kingston Affect Your Home Insurance?
Yes, where you live in Kingston can affect your home insurance. Insurance providers take into account various factors related to your location when determining your home insurance rates and coverage. Here are some ways in which the location within Kingston can impact your home insurance:
Postal Codes With the Most Expensive Home Insurance in Kingston
K7K is the most expensive postal code in Kingston when it comes to home insurance.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| K7K | $763 |
Postal Codes With the Least Expensive Home Insurance in Kingston
People living in the K7N postal code area can enjoy some of the cheapest home insurance rates in Kingston.
| Postal Code | Average Annual Home Insurance Premium |
|---|---|
| K7M | $741 |
Housing Data in Kingston
Learn more about the average Kingston home, based on housing data in the 2021 Census of Population:
Homeownership Rate by Age in Kingston
Below are the homeownership rates in Kingston, categorized by different age groups.
| Age Group | Homeownership Rate |
|---|---|
| 15 to 24 | 7.1% |
| 25 to 39 | 38.2% |
| 40 to 54 | 64.5% |
| 55 to 74 | 68.6% |
| 75 and over | 62.4% |
Average Home Price in Kingston by Dwelling Type
The price of a single detached house in Kingston is $670,750, significantly lower than the Ontario average of $800,000.
| Type of Dwelling | Average Value |
|---|---|
| Detached | $670,750 |
| Semi-Detached | $580,000 |
| Freehold Townhouse | $547,500 |
Kingston Population Growth
Kingston’s population grew by 7.01% between the years of 2016 and 2021.
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 Kingston. 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 Kingston?
Home insurance is not mandatory in Kingston, but we highly recommend getting a policy. Here’s why:
How You Can Get Cheap Home Insurance in Kingston
Visit our Ontario page for practical tips and learn how to save money on home insurance.