Best home insurance in Alberta, 2026

Our picks

Alberta's Automobile Insurance Rate Board approves car insurance rating programs. Nothing like it exists for home insurance, so insurers set their own prices and nobody can tell you who is cheapest for your house.¹ These picks rest on records you can check: financial strength ratings, published customer surveys, the Superintendent of Insurance's 2024 figures for each insurer and what each one says about hail and water cover. Get at least three quotes, and compare the hail deductible line by line before you compare prices.

1. Best overall

   Intact Insurance

   Intact took in more property insurance revenue in Alberta in 2024 than any other insurer, $751.7 million, a figure that includes business policies.² AM Best rates its financial strength A+, affirmed in May 2026, the highest rating among the insurers in our table.³ Ipsos named it one of the top performers in its 2025 survey of 18,000 Canadians about their insurers.⁴ Depending on where you live, its water cover can include sewer backup, overland water and ground water. You buy Intact through a broker.⁵

   A+AM Best rating, affirmed May 2026
2. Best for a hail-resistant home

   AMA Insurance

   The Alberta Motor Association's insurer publishes a discount for hail-resistant roofing or siding on its home insurance page. Qualifying for it also removes the cap on AMA's Wind and Hail Endorsement, which comes with every AMA homeowner policy.⁶ Its Enhanced Water Endorsement covers sewer backup, overflowing rivers, spring thaw and torrential rain, but the limit can't be raised.⁶ AMA's insurer paid out about what it took in on Alberta property policies in 2024, a ratio of 102%.² One gap: we found no current public financial strength rating for it.

   102%2024 claims and costs per dollar of revenue
3. Big mutual, steadier through 2024

   Wawanesa

   Wawanesa had the second-largest property insurance revenue in Alberta in 2024, $510.3 million, and its claims and costs came to 107% of that revenue, against 126% for all property insurers.² AM Best rates it A, affirmed in April 2026.⁷ Its Water Defence add-on covers overland flooding, sewer backup and groundwater.⁸ Wawanesa is a mutual, owned by its policyholders rather than shareholders.

   AAM Best rating, affirmed April 2026
4. Best with an advisor

   Co-operators

   Co-operators ranked second in Western Canada in J.D. Power's last Canadian home insurance study, from 2019.⁹ AM Best rates it A.¹⁰ Its Comprehensive Water add-on is open to owners and renters, condos included.¹¹ Its Alberta property revenue was $426.7 million in 2024, with claims and costs at 102%.² Its credit union arm, CUMIS, is a separate insurer: it stopped quoting and renewing home and auto policies in Alberta on Jan. 1, 2026.¹²

   2ndWestern Canada, J.D. Power 2019
5. Most open about price

   Sonnet

   Sonnet is the only insurer we found that publishes what its Alberta customers pay: an average of $127 a month for a house in Calgary and $107 in Edmonton.¹³ It stopped selling car insurance in Alberta in 2024 but kept its home business.¹⁴ Read the hail terms: Sonnet says hail is not automatically included in its Alberta home policy, and it pays only depreciated value for roofs six or more years old.¹³ Ipsos named Sonnet a 2025 top performer.⁴ Its parent, Definity, holds an AM Best A.¹⁵

   $127Sonnet's Calgary house average, per month

How Alberta home insurers compare

The table covers 11 large brands that sell home, condo and tenant insurance in Alberta. The money column comes from the Superintendent of Insurance, which publishes each licensed insurer's 2024 property insurance revenue and its "gross insurance service ratio": claims, sales and underwriting costs as a share of that revenue.² Over 100% means the insurer paid out more than it took in on Alberta property policies that year. The ratio leaves out investment income and reinsurance, so it is not a profit figure.²

Revenue and ratios: Superintendent of Insurance 2024 Annual Report, property class, which includes business property as well as home, condo and tenant policies. Where a brand writes through more than one company, we added the companies' revenue (our calculation) and list each ratio. Financial strength ratings measure an insurer's ability to pay claims, not its service. "No rating found" means we searched AM Best, S&P, Fitch and DBRS releases and the insurer's investor pages and found nothing current.²

Alberta property insurance, 2024: claims and costs per dollar of revenue

Gross insurance service ratio for the largest companies selling home insurance in Alberta, sorted by revenue. The dashed line marks 100%: to its right, the company paid out more than it took in on Alberta property policies. Green bars are under 100%.

• Intact InsuranceIntact · $752M revenue137%
• Wawanesa Mutual$510M revenue107%
• Co-operators General$427M revenue102%
• Security NationalTD Insurance · $388M revenue146%
• Aviva Insurance Co. of Canada$253M revenue131%
• Definity InsuranceDefinity, Sonnet's parent · $179M revenue93%
• Allstate Insurance Co. of Canada$160M revenue205%
• Certas Home and AutoDesjardins · $139M revenue179%
• Primmum InsuranceTD Insurance · $103M revenue326%
• Peace Hills General$103M revenue258%
• AMA InsuranceAlberta Motor Association · $93M revenue102%
• The PersonalDesjardins · $93M revenue181%
• Belair Insurancebelairdirect, Intact · $90M revenue134%
• All property insurers$6,268M revenue126%

0%100%350%

12 of these 13 companies paid out more than they took in on Alberta property policies in 2024. Across all property insurers, the ratio jumped to 126% from 69% in 2023, which the Superintendent puts down to the Calgary hailstorm and the Jasper wildfire. Such events, it wrote, "intensify pressure on insurance premiums".²

What home and tenant insurance cost in Alberta

The Automobile Insurance Rate Board publishes an average car insurance premium (see our Alberta car insurance guide). Nobody publishes one for home insurance. The closest official measure is Statistics Canada's consumer price index for homeowners' home and mortgage insurance, which tracks what it costs to insure the same home over time, including changes in rebuilding costs.²¹ In June 2026 Statistics Canada reported that Alberta had the largest increase of any province, 391.6% from December 2005 to December 2025. Over the last five of those years, Alberta's index rose 55.8%, against 38.6% nationally.²²

Alberta home insurance prices, change from a year earlier

Statistics Canada consumer price index for homeowners' home and mortgage insurance in Alberta, August of each year. Small print shows the change in all prices. Our calculation from Table 18-10-0004-01.

• Aug. 2020all items +0.6%+7.9%
• Aug. 2021all items +4.7%+7.4%
• Aug. 2022all items +6.0%+4.5%
• Aug. 2023all items +4.2%+10.9%
• Aug. 2024all items +2.0%+10.5%
• Aug. 2025all items +1.4%+11.3%
• Aug. 2026all items +3.8%+5.8%

0%+6%+12%

By our calculation, the index rose 74.6% from August 2019 to August 2026, while prices for everything in the index rose 25.0%. The yearly increase peaked at 11.3% in the year to August 2025 and slowed to 5.8% by August 2026, still above overall inflation of 3.8%.²³ For comparison, Ontario's index rose 46.3% over the same seven years (see our Ontario home insurance guide). An index is an average. Your own renewal can move far more.

What households spend

Statistics Canada's spending survey gives dollar figures. Spread across all households, owners and renters alike, Alberta spent an average of $1,371 per household on home insurance in 2023, against $1,018 across Canada.²⁴ Nationally, households that owned their home averaged $1,526, and renter households averaged $295 on tenant insurance, an average that includes renters who buy none.²⁵ There is no official tenant insurance price index: Statistics Canada says it lacks good enough data and estimates that index from household furnishings prices.²¹

What insurers publish

• Houses: Sonnet lists average monthly costs for its own customers of $127 in Calgary and $107 in Edmonton. It does not say when or how it worked them out.¹³
• Condos: Sonnet's median condo policy costs $520 a year across Canada.²⁶
• Tenants: Sonnet's median tenant policy is $382 a year across Canada.²⁷ Square One advertises tenant policies from $15 a month.²⁸
• A hail claim: Sonnet puts the average cost of a hailstorm damage claim at $11,221.¹³

Quotes for the same house can differ by thousands of dollars. A Calgary homeowner who had to leave CUMIS posted home quotes for the same house from $2,185 to $6,695 a year. That is one person's shopping, not a survey, but it shows why three quotes matter.

Hail: deductibles, limits and roofs

Hailstorm Alley, as the Insurance Bureau of Canada calls it, runs from High River, just south of Calgary, north into central Alberta.²⁹ Statistics Canada links Alberta's large price increases in part to the risk of hail, wildfire and storms around Calgary.²² The biggest recent losses:

Estimates from CatIQ, the industry's catastrophe data provider, published by CatIQ or the Insurance Bureau of Canada. They change as claims close.

What has changed in hail cover

Hail is still commonly covered by home, tenant and business policies, IBC says, but on new terms. Insurers now use a hail deductible that is higher than the usual one, more often after several hail claims. A roof and siding limitation endorsement pays for those parts at actual cash value, meaning replacement cost minus depreciation. On the plus side, a resilient material endorsement pays the extra cost of hail-resistant roofing and siding after a claim, and some insurers give a discount for a newer roof or certain kinds of roof.²⁹

Insurers' own pages show how far apart they are. Sonnet says hail is not automatically included in its Alberta home policy and pays only depreciated value for a roof six or more years old.¹³ AMA includes a Wind and Hail Endorsement with every homeowner policy, within a limit based on the home's insured value, and removes that limit for homes that qualify for its hail-resistant materials discount.⁶

Class 4 roofs

Class 4 is the top impact rating for roofing. After the 2020 hailstorm, the City of Calgary and the Institute for Catastrophic Loss Reduction ran a $3.25 million program that paid homeowners up to $3,000 toward Class 4 shingles.²⁹ Whether an insurer lowers your premium for one varies: IBC says some offer a discount for a specific type of roof, and AMA publishes one for hail-resistant roofing or siding.^29,6 Ask before you sign a roofing contract. The Reddit reports below range from no change to $600 a year.

Flood and water cover

Sewer backup cover is generally available in Alberta, the province says, and many insurers now sell overland flood cover too.³⁴ They are different add-ons. Sewer backup pays when water comes up through your drains. Overland flood pays when water comes in at ground level, from a river, heavy rain or melting snow. AMA's Enhanced Water Endorsement, for example, covers sewer backup, failed sump pumps, overflowing rivers, spring thaw and torrential rain, with a limit you can't raise.⁶

Before you buy a house, look it up on the province's online Flood Awareness Map. Alberta's flood hazard maps mark the floodway and flood fringe for a 1-in-100-year flood, and the province says flooding can happen along every stream and lake in Alberta.³⁵ Across Canada, IBC says about 94% of homes can now get overland flood insurance. The rest tend to be in high-risk areas, where cover may be unavailable or unaffordable.³⁶ A federal flood insurance program for those homes is still being designed.³⁷

We could not check the AMA customer's letter. AMA's page says its water endorsement limit can't be increased, so a home in a flood zone may need cover from another insurer, or may not find more at all.⁶

Tenant and condo insurance in Calgary and Edmonton

Tenants. The Alberta government lists insurance requirements among the terms a written tenancy agreement covers, so check your lease to see whether your landlord requires tenant insurance.⁴⁰ A tenant policy insures your belongings and your liability, and most home and tenant policies also pay evacuation costs, the province says.³⁹ Hail cover applies to tenants too.²⁹ Co-operators sells its Comprehensive Water add-on to renters.¹¹

Prices start low. Square One advertises tenant policies from $15 a month, and Sonnet's median is $382 a year across Canada.^28,27 To find the best tenant insurance in Edmonton or Calgary, ask at least three insurers, including your car insurer, for the same contents limit and liability amount.

Bundling is not always a saving, though: one Edmonton commenter said adding tenant insurance raised their car insurance by $60 a month. Ask for the price of each policy on its own and together.

Condo owners. In Alberta, a condo board can charge an owner back for damage it had to fix, up to the lower of its actual costs or the corporation's insurance deductible, to a maximum of $50,000, whether or not it files a claim. Owners can appeal a chargeback in court.⁴¹ Ask your broker whether your unit policy pays that chargeback. Sonnet's median condo policy is $520 a year across Canada.²⁶

What Alberta homeowners report

We read 465 Reddit comments in 30 threads about home and tenant insurance, posted between Oct. 13, 2025 and Oct. 2, 2026, most of them in r/Calgary and r/Edmonton. These are stories, not a survey. People post when something goes wrong, and we could not check their policies. Four things came up again and again.

Renewals that jumped, and switches that saved

By our count, TD Insurance was named in 74 of those comments; Intact, the next most named, in 20. A customer of almost 20 years said TD quoted $5,600 for a new home in the southeast, and another insurer $1,600. TD's companies' 2024 Alberta property ratios were 146% at Security National, 326% at Primmum and 101% at TD Home and Auto.²

Hail moved into its own box

One shopper said they learned of a $10,000 hail and wind deductible only at the end of a quote, when they asked. Ask for the hail deductible before you compare prices.

Older roofs and siding pay out less

Class 4 discounts range from nothing to hundreds

Another commenter got a $300 rebate after upgrading, and a June 2026 thread on Statistics Canada's figures was led by a homeowner getting no substantial discount for hail-resistant materials.

How to pay less in Alberta

• Shop at renewal, through a broker and direct. Get quotes from a broker and from at least one direct insurer, and switch at renewal to avoid a cancellation penalty.⁴² Compare the same hail deductible and limit in every quote.²⁹
• Ask what the bundle saves, in dollars. Insurers often discount home and car insurance bought together.⁴² Get the home and car prices separately as well, and see our Alberta car insurance guide for the car side.
• Pick the deductible you can afford. A higher deductible lowers the premium.⁴² Check the hail deductible separately: it may already be several thousand dollars.²⁹
• Insure the rebuild, not the market price. Leave the value of your land out of your coverage.⁴²
• Ask about the roof before you replace it. Some insurers discount a newer roof or an impact-resistant one, and AMA publishes a hail-resistant materials discount.^29,6 Ask how the policy depreciates the roof: Sonnet pays depreciated value from six years.¹³
• Check the flood map before you buy. A home in the floodway or flood fringe may get less overland cover, or none.^35,36
• Mention Poly-B plumbing up front. In an August 2026 Calgary thread, a buyer said Wawanesa turned them down and two other quotes came in at almost double, while another homeowner said Square One insured a house with full Poly-B.

Before you trust a "best home insurance" ranking

Many comparison sites still quote J.D. Power. Its last Canadian home insurance study came out in March 2019, from a survey of 5,809 homeowners fielded from November 2018 to January 2019. In the Western region, BCAA ranked first, Co-operators second and TD Insurance third, and Western customers were the least satisfied in Canada.⁹ J.D. Power's current insurance studies cover the U.S. only.⁴³

Rates.ca, a quote-comparison company, called its 2024 survey the Best Home & Auto Insurance Awards, but its sample was 8,875 car insurance customers in Ontario and Alberta.⁴⁴ Ipsos's 2025 index is the newest large survey that names insurers. It covers every kind of insurance across Canada and publishes only the leaders, not a full ranking.⁴

Complaint counts by insurer aren't public either. The General Insurance OmbudService, the industry's free complaints service, reports national totals: 7,330 contacts in 2024-25.⁴⁵ Personal property, the category that includes home insurance, accounted for 1,796 of them, against 4,614 for personal auto.⁴⁶ The Superintendent investigates insurers that break the Insurance Act and publishes the penalties it issues.⁴⁷

If a claim goes wrong

• Start inside the insurer. Ask the adjuster, then the adjuster's manager. Every insurer in Alberta must have an ombudsperson, and the Superintendent keeps the list.⁴⁸
• If you disagree on the amount. Disputes over the value of the property, the repairs needed or the amount of the loss must go through the dispute resolution process in section 519 of the Insurance Act. Your insurer must send you a copy of section 519 within 10 days of a dispute. You and the insurer each appoint a representative, and if they can't agree, an umpire helps settle the amount. The result is final and binding.⁴⁸
• If you disagree on coverage. The section 519 process can't decide whether your policy covers a loss. That is for the courts, or for a free complaint to the General Insurance OmbudService once you have the insurer's final position letter.^48,45
• Watch the clock. Section 526 of the Insurance Act sets a two-year limitation period for property claims. After the Jasper wildfire, the Superintendent issued guidance on insurers voluntarily extending it.⁴⁹

Common questions

How we did this

Home insurance prices in Alberta aren't filed with any regulator, so we built this guide on other public records. We used the Superintendent of Insurance's 2024 annual report, which lists property insurance revenue and costs for every licensed insurer; Statistics Canada's consumer price index, which we downloaded from its data service, its June 2026 study on extreme weather and its household spending survey; financial strength ratings from AM Best and S&P; the Ipsos, Rates.ca and J.D. Power surveys, with their methods; catastrophe estimates from CatIQ and the Insurance Bureau of Canada; Alberta government pages on disaster aid, flood maps, tenancies and claim disputes; and each insurer's own coverage pages. We saved a copy of every page and checked each quote against it.

Then we read what people wrote. We searched r/Calgary for home insurance threads about hail and renewals from the past year, read eight of them in full, and added the home and tenant insurance comments from the Alberta threads we collected for our car insurance guide: 465 comments in 30 threads. We quote people with a link so you can read the whole thread, and we never publish usernames. These posts are anecdotes. We use them to show what can go wrong and what to ask, not to score insurers.

No insurer paid for a placement on this page, and it has no affiliate links. We will update it when the Superintendent publishes its 2025 figures, or when a new customer survey or catastrophe estimate comes out, and each change will go in the log below.

The 30 Reddit threads we read

• Insurance jumped up! 😟 r/Edmonton, Oct. 2, 2026
• Calgary gets lots of hail. Did you opt for Class 4 shingles? Did your home insurance lower your premium? r/Calgary, Sept. 23, 2026
• Does shopping around for auto insurance really make a big difference? r/Edmonton, Sept. 18, 2026
• Good vehicle insurance provider? r/Edmonton, Sept. 17, 2026
• Does it make sense to exclude NW from our home buying plan considering the cost of insurance (hail) r/Calgary, Aug. 31, 2026
• TD insurance - Useless hail protection? r/Calgary, Aug. 30, 2026
• Home Insurance Issues with Poly-B Service Line r/Calgary, Aug. 26, 2026
• Belair Direct vs Allstate for Home/Auto Insurance r/Calgary, Aug. 22, 2026
• Any hacks for getting cheaper auto insurance? r/alberta, Aug. 14, 2026
• How much are you guys paying for car insurance? r/Edmonton, Aug. 10, 2026
• Car insurance recommendations? r/Edmonton, Aug. 1, 2026
• Auto insurance is getting crazy… r/Edmonton, July 18, 2026
• i compared insurance quotes so you dont have to r/Calgary, July 4, 2026
• anyone in Alberta or elsewhere get insane car insurance quotes? r/PersonalFinanceCanada, July 3, 2026
• renewing insurance, and rates have skyrocketed :o r/Edmonton, July 2, 2026
• Why are insurance rates so ridiculous here r/alberta, June 19, 2026
• Extreme weather part of 400% hike in Alberta home insurance premiums over 20 years: StatsCan | CBC News r/Calgary, June 17, 2026
• Surprised by Car Insurances. How much are you paying in 2026!? r/Edmonton, June 11, 2026
• TD Insurance complicated application or just avoid new AB client? r/PersonalFinanceCanada, June 8, 2026
• Auto insurance quagmire r/Calgary, May 27, 2026
• Car insurance premiums increased 11% nationally and a whopping 21% in Alberta. r/PersonalFinanceCanada, May 14, 2026
• Home Insurance (AMA) dropping flood coverage in a flood zone r/Calgary, Feb. 26, 2026
• Insurance premiums insanity r/Calgary, Feb. 11, 2026
• Which neighborhood has lowest auto insurance premium r/Calgary, Feb. 9, 2026
• Home Insurance renewal (TD) - hail is now listed as additional risk and isn't part of regular policy coverage r/Calgary, Feb. 3, 2026
• alberta insurance brokers, anyone else exhausted from explaining premium increases r/alberta, Jan. 29, 2026
• House roof/siding hail damage protection? r/Calgary, Jan. 2, 2026
• 11+ year clean driver record, cheapest auto insurance quote is $300/month. Is that normal? r/Calgary, Dec. 5, 2025
• Newcomer to Edmonton and Canada. Car insurance quotes are insane. r/Edmonton, Nov. 18, 2025
• Home Insurance increased more than 500%.. r/Calgary, Oct. 13, 2025

Sources

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44. Rates.ca (quote-comparison company) / Pollara. "Rates.ca launches the Best Home & Auto Insurance Awards." May 6, 2024. rates.ca/resources/ratesdotca-launches-best-home-auto-insurance-awards
45. General Insurance OmbudService. "2024-2025 Annual Report." October 2025. giocanada.org/wp-content/uploads/2025/10/GIO_Annual_report_2025_EN_Final_updated.pdf
46. Insurance Portal (trade publication), reporting the GIO annual report. "Ombudsman reports 17 per cent increase in dispute resolution usage." October 2025. insurance-portal.ca/article/ombudsman-reports-17-per-cent-increase-in-dispute-resolution-usage
47. Alberta Superintendent of Insurance. "Enforcement Activities." Last updated May 2026. open.alberta.ca/dataset/9366c8f5-f0f5-4ce9-a2e7-f3233a0cec2f/resource/a18452c2-906b-4323-b43d-bacd171fad28/download/superintendent-of-insurance-enforcement-activities.pdf
48. Government of Alberta, Superintendent of Insurance. "Insurance consumer complaints: getting your insurance claim settled." Retrieved Oct. 6, 2026. www.alberta.ca/insurance-consumer-complaints
49. Alberta Superintendent of Insurance. "Bulletins, notices and guidelines (Guideline 01-2026: Two-year statutory limitation on Jasper wildfire property insurance claims)." Posted March 19, 2026. www.alberta.ca/insurance-superintendent-bulletins-notices-enforcement

Update log

• Oct. 7, 2026, 4:09 a.m. ETFirst published. Insurer figures from the Superintendent's 2024 annual report (Dec. 5, 2025); Statistics Canada price data to August 2026.

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