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Cost of home insurance in Saguenay per month – $84
The average cost of home insurance in Saguenay is $84 per month among YouSet users. However, your premium may be higher or lower than this average due to the variety of factors that insurers take into consideration, such as the location of your property, its size, your claims history, and the coverage limits you choose.
Cost of home insurance in Saguenay per year – $1,008
In Saguenay, the average cost of home insurance is $1,008 per year among YouSet users. This figure reflects comprehensive coverage, which typically comes at a slightly higher price point compared to basic policies due to the broader range of perils it protects you against.
Factors impacting the price of homeowners insurance in Saguenay
Determining your insurance premium is a bit like assembling a puzzle. Various pieces contribute to the bigger picture, each one representing a factor that can make your premium price go up or down.
Population density
In insurance, a greater population density is associated with a higher risk of accidents, leading to higher insurance premiums. While Saguenay, with an average population density of 128.7 people per square kilometer, is less densely populated than major metropolitan areas like Montreal, if you’re relocating from a less densely populated area, you may see this reflected in the insurance quotes you get.
Flood risk
Saguenay insurers have long taken the risk of flooding seriously, especially since the devastating flood of 1996. As flood events become more frequent and intense, factors like your building’s elevation, drainage systems, and local flood history will likely weigh even more heavily on your insurance costs.
Crime severity
Saguenay has a crime severity index of 51, which, while considered a moderate score, is only a few points shy of what’s considered a high score. This index tracks the severity of police-reported crimes and offers insights into local safety. Insurers may factor in this data when calculating your premium, as condo owners in areas with higher crime severity may be more prone to crime-related claims, increasing the risk for insurers.
Age and history
As is often the case in places with a long history, some of Saguenay’s older buildings might have compromised electrical, plumbing, roofing, HVAC, and even toxic materials, like asbestos. This can increase the risks, and thus, home insurance premiums. We’ve even seen insurers decline coverage for homes because of knob and tube wiring or galvanized steel plumbing. Replacement of old fuel tanks and 60-amp service are often required as well.
Insurance calculator for homeowners
If you’re a homeowner looking for an insurance estimate, try this free home insurance calculator. It’s a quick, easy, and anonymous way to get a sense of what others in your area are paying to insure their homes.
Saguenay homeowners insurance pricing trend
The price of homeowners insurance in Saguenay has fluctuated in recent years, in part due to factors such as inflation, rising repair costs, and changes in risk assessment. You can see this in the table below.
| Year | Cost per year |
| 2024 | $1,008 |
| 2023 | $905 |
| 2022 | $776 |
Most common home insurance claims in Saguenay
Among YouSet users, the most common types of home insurance claims in Saguenay are for water, windstorm, groundwater, and personal property-related incidents. The table below details the frequency and average claim amount for each type, which is information you can use to decide which additional coverages to include in your policy.
| Type of claim | Claim amount |
| Water | $20,242 |
| Windstorm | $7,086 |
| Groundwater | $11,600 |
| Personal property | $6,667 |
How to get cheap home insurance in Saguenay
Given the expenses associated with homeownership, it’s natural to want to pay less for insurance without compromising on coverage. With YouSet, that’s possible! In fact, here are five ways to get cheap home insurance in Saguenay.
Compare prices
When shopping for home insurance, you want to avoid buying the first quote you’re given. If you do, how will you know if you’re paying more than you have to? Thankfully, it’s easier than ever to compare multiple insurers in one place with YouSet.
Bundle your policies
Bundling your insurance policies with YouSet is an easy way to save up to 15% more on your monthly home and car insurance bills.
Select a higher deductible
A common strategy to lower your monthly insurance premium is to select a higher deductible. However, you should be sure you can comfortably pay this amount out-of-pocket if you ever need to file a home insurance claim.
Make claims strategically
Homeowners who go long periods without filing a claim are often rewarded with discounts by insurers. Therefore, if possible, try to file as few claims as you can.
Pay once a year
As long as your budget allows it, paying your home insurance premium in a lump sum once a year can save you from the 2-4% interest typically incurred with monthly payments and even earn you a discount.
Homeowners insurance starting at $12/month
YouSet is a digital home insurance broker in Saguenay whose mission is to help homeowners, just like you, save money on insurance. Through partnerships with some of Québec’s top insurers and our proprietary technology, we’re able to secure you the most competitive rates and apply exclusive discounts for you, resulting in savings of up to 29%.
Is home insurance mandatory in Saguenay?
Although home insurance is not mandatory in Saguenay by law, banks/mortgage lenders often require it as a condition for approving mortgages and will not lend to you if you don’t maintain adequate coverage.
How much is home insurance per month in Saguenay?
The average home insurance price in Saguenay among YouSet users is $1,008 per year, which equates to $84 per month. While this will give you a general idea of what other homeowners are paying, prices can vary significantly because of how many factors are used to calculate the cost of home insurance.
How do you buy home insurance in Saguenay?
To buy home insurance in Saguenay with YouSet, all you need to do is get a quote, checkout, and you’re insured! It can all be done 100% online and in less than 5 minutes. If you need help along the way, you can refer to YouSet’s help center or customer portal, as needed.
Making it easier to buy home insurance online since 2017
Since 2017, YouSet has been making it easier for Canadians to buy home insurance online. Why spend hours manually comparing quotes when our proprietary technology can do it all for you in less than 4 minutes? Not only that, but we’ll also have Canada’s top insurance providers competing for your business, ensuring you get the lowest-priced offers. With over 250,000 users and an average rating of 4.9 stars on Google and Facebook, YouSet is a trusted way to get the coverage you need for less.