Home Insurance Bc Average Cost. Rising construction costs have caused replacement costs to pass the insured value by a wide margin for many people. They just don’t know it.
Tenants insurance is among the most affordable and simple insurance products in vancouver and the rest of the bc marketplace. Type of roofing material used). According to valuepenguin.com, the average cost of homeowner’s insurance in 2019 was $1083 for the year, with average premiums ranging from $600 to $2000 depending on the state where you live.
Home insurance isn’t required by law in british columbia, but it is recommended for homeowners and renters alike.
British columbia’s average rate is the lowest at $69, and quebec’s is $72.50. Home insurance policies vary from one company to another. For extended coverage, warranties cost an additional $100 to $500 per year, depending on the number and types of items added. Buy home insurance in bc for as little as $12/month.