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Updated on October 2, 2025

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Quick Facts About Home Insurance in Lethbridge

  • Lethbridge home insurance is MORE expensive than the Alberta average.
  • The average annual cost of home insurance in Lethbridge is around $2,333.

Per the 2019 Alberta municipal census, Lethbridge is the third-largest city by population in the province. However, Lethbridge is far smaller than Edmonton or Calgary, with just over 100,000 residents. While smaller than the other two major cities in the province, Lethbridge still offers plentiful work opportunities thanks to its strong agricultural, manufacturing, and logistics industries.

Don’t let its status as the third-largest city in Alberta fool you. Getting around in Lethbridge is easy and fast since it only takes around 15 minutes to get anywhere by car. The city also provides an excellent public transit system if you’re not up for driving.

Your money goes a long way in Lethbridge. On average, homes in the city are nearly $300,000 more affordable than homes in Calgary. The average living cost is also way lower at around 13% of the provincial average.

How Does Home Insurance Work In Lethbridge?

When you get a home insurance quote in Lethbridge 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 TypeWhat’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
$1,946
Enhanced Water Protection– Sewer Backup Endorsement
– Ground Water Endorsement
– Overland Water Endorsement
– Broad Water Damage Endorsement
$387
Coverage Total:$2,333

*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 TypeCoverage DetailsAverage
Coverage Amount/Limit
Dwelling CoverageCovers 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
ContentsProtects your belongings from
damage or loss due to covered perils.
$750,000
Personal LiabilityLegal & 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 DamageProtects 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 TypeCoverage DetailsAverage
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

Home Insurance Price in Lethbridge by Dwelling Type

Below is the average home insurance price in Lethbridge, categorized by dwelling type:

Type of DwellingAverage Annual
Home Insurance Premium
Detached$2,333
Semi-Detached$2,146
Freehold Townhouse$2,006

How Lethbridge Home Insurance Rates Compare to Nearby Cities

Lethbridge’s home insurance rates are among the higher ones in Southern Alberta, close to Calgary but well below Medicine Hat.

CityAverage Annual
Home Insurance Premium
Lethbridge$2,333
Brooks$1,957
Medicine Hat$3,875
Calgary$2,345
Airdrie$1,897
Strathmore$1,724

How Lethbridge Home Insurance Rates Compare to Provincial Average

Home insurance in Lethbridge costs around $2,333 annually, higher than the provincial average. Home insurance premiums are affected by factors like your home’s age, roofing type, proximity to fire hydrants, and more.

Using your home as a place of business may also influence your home insurance rates. Using your home for business means more people coming in and out of your property, increasing your liability and risk of losing belongings.

Common Home Insurance Discounts in Lethbridge

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 Lethbridge:

Discount TypeAverage
Percentage Savings
Average
Discount Value
Multi-Line
(Home + Auto)
11.4%$266
Claims-Free Discount16.5%$385
Alarm System (Burglar)7.5%$175
Alarm System (Fire)5.0%$117
Membership Discount (CAA)10.0%$233
Non-Smoker Discount7.5%$175

What Risks Affect Homeowners in Lethbridge?

Lethbridge is often exposed to extreme weather. Here are some common risk factors homeowners in Lethbridge should watch out for:

Crime

Crime levels vary in each city, but the overall crime rate in Alberta rose 5% between 2022 and 2023. A higher crime rate means you may encounter more theft, vandalism, and other incidents that damage your home. 

Fire

Alberta sees an average of 208 wildfires annually from 2018 to 2022. However, that number doubled in 2023 with 416 wildfire incidents as of May. The fire risk in Alberta is high because the natural freeze and thaw cycles create dry grass that can ignite and start wildfires. Moreover, fires can start from human error due to lit cigarettes, candles, and electronic malfunctions. A special air quality statement was issued for Lethbridge in May 2023 due to wildfire smoke. In addition to health hazards, smoke can damage your home and belongings.

Flooding

Due to heavy rain and snow melt, Alberta is prone to flooding. Many of these are flash floods, meaning you may not have enough time to prepare. Since flash floods come with little to no warning, your property damage may be more severe.

Hail and storms

Damage from high winds, storms, and hail is very common in Alberta. Adverse weather can damage your roofs, windows, and outdoor furniture if you don’t take steps to mitigate their effects. The recent tornado outbreak in June 2023 resulted in storm warnings being issued for Lethbridge, but fortunately the warning ended soon afterwards without major weather incidents.

On-property accidents

Accidents can happen anytime and anywhere, regardless of how safe your home is. People may hold you liable for slips and falls that happened on your property, which is where home insurance comes in. Home insurance policies can cover numerous costs related to a slip and fall lawsuit.

Probability of Significant Disasters in Lethbridge

Between June 4 and 11, 1988, severe weather triggered flooding in Lethbridge and neighboring towns, resulting in property damage and infrastructure closures.

The following MyChoice probability scores for Lethbridge 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 Lethbridge 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.

Flood Probability:

5/10

Crime Probability:

1/10

Wildfire Probability:

7/10

Tornado Probability:

5/10

Hurricane Probability:

1/10

Snowstorm Probability:

6/10

Housing Data in Lethbridge

What does the housing landscape in Lethbridge look like? You can find the answers in census data. Here’s a look at key housing statistics in Lethbridge from the 2021 Census of Population:

Type of Occupied Dwelling

The most popular dwelling type among Lethbridge’s 40,225 households is the single-detached house, boasting a 62.6% share of households. Low-rise apartments are the second-most popular with a 13.5% share, with duplexes coming in third at 7.6%.

Owner vs Renter Stats/Condo vs Non-Condo Owner

Judging from the 25% sample data taken for the census, 27,440 households or 68.2% of Lethbridge residents are homeowners, while 12,785 (31.8%) households rent their homes. Condo residents are in the minority with just 4,575 (11.4%) households, compared to the 88.6% of households living in non-condos.

Private Dwellings by Period of Construction: New or Older Homes?

Out of the 25% of households sampled in this census, 26.8% of them live in homes built from 1961 to 1980. Homes built before 1960 are also relatively popular with an 18% share of households living in them. Judging from the data presented, we can conclude most homes in Lethbridge are older dwellings.

Major Repairs or Just Maintenance Needed?

Despite the prevalence of old homes in Lethbridge, they’re exceptionally well-maintained, with 95.2% of households reporting their homes only needed minor repairs and regular maintenance. Households with homes that need major repairs made up only 4.8% of the city’s total residents.

Homeownership Rate by Age in Lethbridge

Below are the homeownership rates in Lethbridge, categorized by different age groups.

Age GroupHomeownership Rate
15 to 2417.4%
25 to 3954.7%
40 to 5472.4%
55 to 7480.4%
75 and over82.3%

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:

Criminal activities

If your home was damaged due to criminal activity, it won’t be covered by your insurance policy.

Damage from tenants

Generally, home insurance companies require specific coverage for homeowners/landlords who plan to rent out their properties. A standard home insurance policy won’t include coverage if you rent your home out and the tenant causes damage.

Earthquakes

Most policies exclude this risk, but you can cover earthquake losses and damage as an add-on to a standard policy.

Failure to maintain your home

Damage or losses caused by poor home upkeep (e.g., clogged storm drains, broken bannisters) won’t be covered, as your insurer deems it your responsibility to manage wear and tear.

Flood damage

Flooding is typically not covered by a standard policy, but it may be included as an add-on.

Home business activities

Home businesses will need separate home-based business insurance to cover home or equipment damage.

Insect damage

Because this is considered a preventable risk, most insurers don’t cover insect damage.

Mortgage or property taxes

These are separate expenses handled by policy owners as they’re unrelated to your home insurance policy.

Mould

Mould caused by poor home maintenance is typically excluded by home insurance policies. Note that this is separate from mould caused by an insured peril, which will be covered by your policy.

Vacant dwelling risks

Many insurers may void your insurance if you leave your home vacant for a prolonged period.

This is by no means an exclusive list of risks typically excluded from a home insurance policy in Lethbridge. 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 Lethbridge?

There are many risks to your Lethbridge home. From flooding due to heavy rain to fires, unforeseen incidents can damage your home or its attached structures severely, which can take a lot of money to repair. Somebody can even get into an accident on your property, which might result in hefty legal and medical fees.

Unexpected expenses due to these incidents can stretch your finances thin. The good news is that home insurance can help. A home insurance policy can foot your home repair bills if a covered peril damages it. Additionally, it pays for the many costs associated with personal injury lawsuits.

With the many options for home insurance, which one is right for you? There’s no one “best” home insurance policy for everybody, so you need to learn more about home insurance in Lethbridge to make the right decisions.

You technically don’t need home insurance in Lethbridge, because it’s not a legal requirement for homeowners. However, you should still get a policy to protect your home as well as its contents. Here are three main reasons why having a home insurance policy is a good idea:

Loss or damage protection

Home insurance protects your property from perils like fire and theft. It does so by providing financial compensation if your property experiences loss or damage due to unforeseen events.

Mortgage requirements

Your mortgage lender may require home insurance as part of their loan conditions. Lenders tell borrowers to get home insurance to protect their investments.

Liability coverage

In addition to protecting your home, insurance provides liability coverage to settle legal fees if somebody gets injured on your property.

How You Can Get Cheap Home Insurance in Lethbridge

Visit our Alberta page to view the list of recommendations on how to get cheaper home insurance.

Methodology

Profiles

Average rates were calculated using a standard profile and incident profiles. All personal details pertaining to the quotes and policies have been kept confidential.

Standard Profile

Quoted rates are based on either a 35-year-old male and/or female homeowners with a clean claim history and good credit. They are also non-smokers and live in a home with monitored fire alarms and burglar alarms. The homeowners also have a $1,000 deductible, a $1,000,000 liability and water damage included.

Incident Profiles

We examined how rates change by evaluating profiles. We looked at the most common home insurance claims in Canada: water damage claims, sewer backup claims, breaking/theft claims and property damage claims like wind/hail damage while comparing to a rate with a clean record (standard).

Home Details

Quoted rates are based on either a semi-detached or detached 3 or 4 bedroom home with a valuation around or close to $1,000,000.

Team

MyChoice data science, MyChoice research.

Sources

1. Mychoice.ca Internal Data, How Home Insurance Works, Alberta, Lethbridge, Home Insurance Quotes Collected, 2025.

2. Mychoice.ca Internal Data, Home Insurance Price by Dwelling, Alberta, Lethbridge, Home Insurance Quotes Collected, 2025.

3. Mychoice.ca Internal Data, Home Insurance Rates in Nearby Cities, Alberta, Lethbridge, Home Insurance Quotes Collected, 2025.

4. Mychoice.ca Internal Data, City Average vs Provincial Average, Alberta, Lethbridge, Home Insurance Quotes Collected, 2025.

5. Mychoice.ca Internal Data, Home Insurance Discounts, Alberta, Lethbridge, Home Insurance Quotes Collected, 2025.

6. Public Safety Canada, 1950-2024, Alberta, Lethbridge, Canadian Disaster Database. Data Collected in 2025.

7. Statistics Canada, 2021, Census of Population, Alberta, Lethbridge, Housing Statistics. Data Collected in 2025.

8. Statistics Canada, 2021, Census of Population, Alberta, Lethbridge, Homeownership Rate by Age. Data Collected in 2025.

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