The average cost of home insurance in Alberta is approximately $2,339 annually. This is significantly higher than the national average, with Alberta having one of the highest premiums in Canada due to factors like the province’s susceptibility to extreme weather events, such as floods and hailstorms. Factors influencing the cost include the size and value of your home, its location, and additional coverage options like protection against overland flooding and sewer backups. Premiums can vary widely based on individual circumstances.