The size, age, and roof age of a home, as well as specific coverage offered within a homeowner’s policy, all affect insurance premiums. Homes on the waterfront or difficult to access in Prince Edward County may not always be eligible for home insurance, and the cost of home insurance in Prince Edward County can vary based on the distance to fire protection.
Different forms of insurance are available to insure a primary residence, cottage, and vacation rental home in Prince Edward County. Premiums vary by coverage. Each coverage represents a unique portion of the overall cost of home insurance in Prince Edward County.
A Quick Guide to Home Insurance Premiums in Prince Edward County
Factors which can affect coverage and insurers’ willingness to insure properties that deviate from a standard profile include seasonal use, rental (guest/short term rental), outbuildings and waterfront.
The median insurance rate in Prince Edward County is $2,138, which is less than the median in Ontario.
| Median Annual Home Insurance Premium | $2,138 |
| Median Monthly Home Insurance Premium | $178 |
| Prince Edward County Premium vs. Ontario Median | 5.0% less expensive |
How Does House Size Affect Home Insurance Premiums in Prince Edward County?
Home insurance costs increase as the size of the house increases. For Prince Edward County owners, premiums increase significantly for homes with a total square footage over 2,500 sq. ft.
| Home Size | Median Annual Home Insurance Premium |
|---|---|
| Under 1,000 sq. ft. | $1,721 |
| 1,000-1,499 sq. ft. | $1,815 |
| 1,500-1,999 sq. ft. | $1,958 |
| 2,000-2,499 sq. ft. | $2,138 |
| 2,500-2,999 sq. ft. | $2,474 |
| 3,000+ sq. ft. | $2,749 |
Comparing Home Insurance Rates by House Age in Prince Edward County
Looking at these by age, the oldest-home profile costs $521 more than the newest-home profile.
Especially with heritage structures and older farmhouses, keep records of heating, plumbing, electrical, roofing, and foundation systems as authentic materials may impact the cost of replacement.
| Year Constructed | Median Annual Home Insurance Premium |
|---|---|
| Before 1940 | $2,345 |
| 1940–1959 | $2,283 |
| 1960–1979 | $2,200 |
| 1980–1999 | $2,138 |
| 2000–2009 | $1,993 |
| 2010–2019 | $1,909 |
| 2020 or newer | $1,824 |
Comparing Prince Edward County Home Insurance Premiums with Nearby Locations
In general, home insurance in PEC is cheaper than Belleville, Kingston, Cornwall, or Peterborough but similar to Brockville.
| City | Median Annual Home Insurance Premium |
|---|---|
| Prince Edward County | $2,138 |
| Belleville | $2,250 |
| Kingston | $2,244 |
| Brockville | $2,103 |
| Cornwall | $2,271 |
| Peterborough | $2,312 |
Read More: What Prince Edward County Owners Should Know About Insuring a Cottage or Seasonal Property
How Home Insurance Coverage Works in Prince Edward County
Carefully review exclusions, such as groundwater or shoreline damages. Typical home in PEC, where 86% of annual premium relates to the core policy and 14% of annual premium is attributable to enhanced water protection coverage.
| Coverage Type | What’s Included? | Median Annual Home Insurance Premium |
|---|---|---|
| Base Residence / Dwelling (Core Policy) | Comprehensive home insurance can cover your home, contents, or outbuildings. Additional living expenses and personal liability may be eligible for coverage. | $1,843 |
| Enhanced Water Protection (Separately Priced) | Depending on the insurer, additional protection may be available for Sewer Backup, Overland Water, Ground Water or enhanced-water protection as one package. | $295 |
| Coverage Total | MyChoice standard home profile | $2,138 |
A comprehensive policy generally protects the dwelling and belongings against insured risks unless the policy wording excludes them. Examples may include fire, smoke, wind, hail, lightning, certain sudden water losses, falling objects, theft, and vandalism. Coverage remains subject to the policy’s limits, deductibles, conditions, and exclusions.
What Prince Edward County Homeowners Should Check
Carriers may offer different levels of water damage coverage. We encourage you to review your Prince Edward County quote to verify water coverage terms.
- which of sewer backup, overland water and groundwater are actually insured.
- whether the insurer lists individual water limits or one package limit.
- whether a percentage or fixed-dollar deductible applies to water damage.
- how the policy treats gradual seepage, ongoing leaks and maintenance-related damage.
- whether local flood exposure or previous losses create special conditions.
For a Prince Edward County property, the strongest water choice is not simply the largest limit. It pairs broad wording with a deductible the homeowner can manage and eligibility rules the property can meet.
How the Age of Your Roof Impacts Home Insurance Rates in Prince Edward County
The oldest tier is only $312 more than the youngest.
Also important is finding out how claims are covered for older roofs or detached structures, which may be more important than premiums in certain areas, such as near open water or difficult-to-reach locations.
| Roof Age | Median Annual Home Insurance Premium |
|---|---|
| 0–5 yrs | $1,971 |
| 6–10 yrs | $2,055 |
| 11–20 yrs | $2,138 |
| 21+ yrs | $2,283 |
Read More: A Practical Insurance-Focused Maintenance Checklist for Prince Edward County Homes
Home Insurance Risks to Know About in Prince Edward County
Below, you’ll find common risks you should be mindful of as a Prince Edward County homeowner.
Read More: How Severe Winter Weather Can Test Home Insurance in Prince Edward County
Relative Home Insurance Risk Indicators in Prince Edward County
The Canadian Disaster Database (CDD) contains a list of major disaster events in Canada since 1950. MyChoice used the CDD data to identify relative indicators of likelihood to file an insurance claim in your community.
Please keep in mind that Risk Labels are relative and are designed to offer a qualitative description that provides some historical context around insurance-related hazard indicators for a given community. They are not an indicator of the likelihood of future insurance claims and/or the severity of such claims.
Given that Prince Edward County has a number of seasonal and waterfront properties, municipal-level risk indicators may not always indicate relative risk associated with individual properties. It’s important to disclose if a property is vacant, rented, or used seasonally – insurance coverage can be different for a cottage or a property that is used as a short-term rental than it is for a home that’s used year-round. Home reviews should also take into consideration access by private road, shoreline, or to the water.
- Flood risk indicator: Medium
- Crime risk indicator: Low
- Wildfire risk indicator: Low
- Tornado risk indicator: Low-Medium
- Hurricane risk indicator: Low
- Snowstorm risk indicator: Medium-High
Additional Protections Chosen by Homeowners in Prince Edward County
While data records refer to smoke detectors far more often than they do backwater valves and sump pumps, a County property owner / manager should choose safeguards that make sense for their property, private services, and occupancy. For example, water leak detection and automatic shut-off systems can be useful when the property will be vacant; backup power can keep pumps and heating systems operational during a power outage. Refer to policy provisions for guidance regarding seasonal absence.
| Protection | Share of Quotes | Why It May Matter |
|---|---|---|
| Sump pump | 13.4% | Removes water below basement level before it makes its way into your basement. |
| Smoke detectors | 81% | Detects smoke or fire early and can give occupants more time to respond. |
| Deadbolt locks | 41.3% | Entering through regular doors may be more of a challenge. |
| Backwater valve | 4.9% | Can help protect your home against backup of sewage or drain water into your home. |
Read More: How to Protect a Second Home in the Prince Edward County Area
