Header bg
  • section background

    How Much Is Renters Insurance per Month in Calgary?

    Hero bg 2
    cost of living Calgary Alberta

    If you’re a renter in Calgary, it’s important to know how much renters insurance costs in your area. Renters insurance protects your belongings from damage, loss, or theft, and provides you with peace of mind knowing that your valuables are secure. In this article, we’ll discuss the cost of renters insurance in Calgary and factors that influence the monthly premium.

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get a free quote

    4.7 rating

    Google Logo

    Factors that Affect Renters Insurance Cost

    There are various factors that affect how much renters insurance costs. Here are some of the primary factors that may impact your premium:

    Coverage Limits

    The coverage limits of your renters insurance policy refer to the maximum amount of coverage your insurance company will provide in the event of loss or damage. Generally, higher coverage limits mean higher premiums.

    Location

    The location of your rental unit is another factor affecting renters insurance cost. If you live in an area with high crime rates, you may have to pay more compared to someone who lives in a safer neighborhood.

    Type of Protection

    The type of renters insurance you choose can impact the cost as well. For example, if you opt for additional coverage, such as flood insurance, earthquake insurance, or identity theft protection, you may have to pay more.

    Credit Score

    Your credit score also plays a factor. Insurance providers use your credit score to gauge your level of financial responsibility. A higher credit score indicates a lower risk of filing a claim, resulting in a lower premium.

    Deductible

    Finally, your deductible or the amount you’re responsible to pay out of pocket for a loss before coverage kicks in also impacts your premium. A higher deductible means a lower monthly premiums, but it also means paying more up-front in the event of a claim.

    Get comprehensive Tenant Insurance for what matters

    Get no-nonsense coverage that's the best value for your money. Purchase in less than a minute, receive your policy instantly, and save when you buy online.

    Average Cost of Renters Insurance in Calgary

    The cost of renters insurance in Calgary varies depending on the coverage limits, location, and type of protection. As a general rule of thumb, renters insurance in Calgary costs between $20 to $50 per month. However, more extensive coverage or higher coverage limits will increase this amount.

    Related Read: What’s the Cheapest Province to Live in Canada?

    Importance of Renters Insurance

    Though renters insurance may seem like an additional monthly expense, it can save you thousands in the long run. Without it, you’d have to pay out of pocket to replace stolen or damaged items. Renters insurance also covers liability in case of accidents, protecting you from potentially costly legal fees.

    APOLLO offers effortless tenant insurance that’s designed to protect Canadian renters. Get a free quote on our online platform in less than a minute and we’ll send your policy documents right to your inbox.

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Originally published July 27, 2023, updated September 6, 2023

    Back to APOLLO Magazine
    Share this article

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Get Tenant Insurance in less than a minute

    Get no-nonsense coverage that's the best value for your money. Purchase policies from your computer or phone, receive your documents instantly, and save when you buy online.

    Relevant articles

    section background
    section background

    Getting insured is as easy as 1 - 2 - 3

    Tell us (very little) about yourself
    1

    Tell us (very little) about yourself

    Just tell us your address, your name, email and phone number. And that's it. We'll give you a price in less than a minute.

    Pay online easily and securely
    2

    Pay online easily and securely

    You can choose to pay monthly or save money by paying for the entire year in one easy payment.

    Get your documents in your inbox - instantly
    3

    Get your documents in your inbox - instantly

    As soon as you complete your purchase, you'll find your proof of insurance and policy documents waiting for you in your inbox.

    Get covered today - it couldn’t be easier

    We’ve provided more than 1,000,000 quotes to Canadians just like you. Give it a try!

    Google Logo

    Reviews

    4.7 rating

    1,781 reviews

    view all

    Across Canada

    Contact Us
    Apollo logo

    © 2024 APOLLO Insurance Solutions Ltd.

    111 Water Street, Unit 210, Vancouver, British Columbia, V6B 1A7

    APOLLO Insurance Agency Ltd. (o/a APOLLO Brokerage in the province of Ontario only) is a licensed retail brokerage, offering our clients with a comprehensive set of insurance solutions to meet their individual needs. APOLLO Insurance Agency Ltd. maintains necessary corporate licensing in provinces across Canada. Availability of products and service depends on licensing and product availability. The information that appears on this page is provided for information purposes only. Advertised products and prices are not guaranteed and vary based on insurance provider and/or insurance company's discretion and product availability.

    Transparency and Disclosure: APOLLO Insurance Agency's role is to provide you with exceptional service and the best insurance products that suit your needs. As a licensed retail brokerage, our compensation is based on a commission basis already built into your insurance premium and varies based on the product purchased through our platform. For a description of how APOLLO Insurance Agency is compensated and how this is calculated, please refer to our Compensation Disclosure document. For consumers in Ontario, please review the RIBO Conduct Fact Sheet and the RIBO Conduct Guidance document.