Home Insurance in Lethbridge

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  • Lethbridge

City of Lethbridge

Lethbridge is a city in the south part of Alberta and has a huge land area comparable to Edmonton and Calgary. As per the census of 2016, the population of Lethbridge was estimated at 96828. This city is also the center for financial, commercial and industrial activities in South Alberta. Though agriculture is the mainstay economy, the industries in Lethbridge have diversified to health, hospitality, education, retail, and drift mining, to name few. Lethbridge has the only university in Alberta and there are many museums, sports centers and theaters in this city. Some of the major highways in Lethbridge are highway 3, 4 and 5. Every year, the city of Lethbridge attracts many visitors for their festivals such as Jazz Festival, Whoop-Up Days Family Festival, and Lethbridge Oktoberfest etc.

Who Has The Cheapest Home Insurance Quotes In Lethbridge

RankHome Insurance CompanyAverage Annual Premium
1Squareone Insurance$1242
2Wawanesa Insurance$1,970
3RSA$2,140
4SGI Canada$2,300
5TD Insurance$3086
6Economical Insurance$3551

Cost Of Home Insurance In Lethbridge

The above table depicts a comparison of home insurance prices in Lethbridge by major insurance companies. Economical Insurance had the highest quote at $3551 that was almost 65% higher. TD Insurance had the next highest quote at a difference of $465. The lowest quote was by Squareone Insurance at $1242 and this was followed by Wawanesa Insurance at $728 lesser annual price.

Moving To Lethbridge? Things You Need To Know

Lethbridge is a small city that is fast growing and very easy to get from one end to the other even in peak hour traffic. If you are used to living in a big city, you may find Lethbridge relaxed and may notice a lot of students around. While some find this city a bit too quiet, others may look at it as a pleasant and clean city. You may drive, bike, walk, carpool or take the Lethbridge Transit to get around Lethbridge.

Housing Options In Lethbridge

You may find a single family as well as many multi-family residential options in Lethbridge. Single family residential includes properties such as manufactured homes, single-family homes, townhouses, duplexes, condos and vacant land lots for residential purposes. Buildings with four or more housing units for residential use are known as multi-family residential property.

Average Property Taxes in Lethbridge

The property taxes that you pay in Lethbridge is used by the city for community support such as parks, fire, police, ambulance, streets, roads etc. You may estimate your property taxes by using the tool on the city website. The calculator helps you to estimate property taxes for single family, multi-family residential and non-residential properties. For a single family residential property assessed at $350000, the property taxes may be around $3696.39.  You may property taxes around $5029.30 for a multi-family residential property.

Crime Statistics for Lethbridge

The Lethbridge RCMP detachment and community peace enforcement officers take care of public safety in Lethbridge.

Crime Statistics 2014 – 2015

Category201420155 year average (2011-2015)
Break & Enter642450483
Arson261630
Theft259319521995
Auto Theft169206157

The above table shows 4 categories of crime reported by Lethbridge RCMP in their annual report of 2015. These categories include auto theft, break & enter, arson and theft. All the above categories of crime show a downward trend except for auto theft that increased by 37 in 2015 over 2014. As per the above table the break & enter crime rate in 2015 was less than the 5 year average from 2011 – 2015 by 33. Arson crimes in 2015 saw a decline of 14 in 2015 over the 5-year average. Theft crime rates saw a decrease by 43 in 2015 over the five-year average. However, the auto theft crime rates increased by 49 in 2015 over the average crime rates from 2011 to 2015.

Neighborhoods of Lethbridge

There are 43 neighborhoods in Lethbridge that have communities with diverse culture. Some of the popular areas include Coaldale, Diamond City, Iron Springs, Magrath, Monarch, Nobleford, North/South/West Lethbridge etc.

Average Cost Of Living In Lethbridge

The average cost of living in Lethbridge for a small family is around $2200 to $2750 per month excluding rent. The average rent for a small apartment may be around $800 to $900 per month.

Employment Options in Lethbridge

House Price

Lethbridge has a strong agriculture base in the economy and many other industries have also taken the lead over the years. If you are looking to start up a new business in Lethbridge then you may find many attractive factors. These include low-cost labor, taxation, utilities and transportation expenses as well as the young and educated workforce. There is easy access to major transportation by air, roadways and rail network.

There are many government based companies that offer employment in Lethbridge. This includes the city governance and many provincial agencies are located in Lethbridge. You may also find employment in health, education, hospitality, retail, and manufacturing. These include Sun Life, Convergys, Chinook Health, University of Lethbridge, Lethbridge College, Safeway, Holy Spirit School, Lethbridge School District etc. Though a small city, Lethbridge gives employment options to about 80000 people who travel to and from the city. This also includes agricultural businesses, commercial shipping, and trucking companies.

Average Lethbridge House Price

The average price of a house in Lethbridge is around $449500.

Detached

You may pay around $410500 for a detached house in Lethbridge.

Semi Detached

In Lethbridge, the average price of a semi-detached house is around $385400.

Townhouse

The average price of a townhouse in Lethbridge is around $316545.

Condo

You may pay around $277,695 for a condo in Lethbridge.

Average Lethbridge Salary

JobAverage Annual Salary
Legal Assistant$47400
Office Manager$53265
Operations Manager$64110
Financial Controller$79300
Administrative Assistant$39200

Average Lethbridge Hydro Bill

The main water source of Lethbridge is the Oldman River, not from a well and water is distributed after treatment. The average hydro bill for a small family in Lethbridge is around $110 to $145 per month.

Average Lethbridge Winter & Summer Temperature

Lethbridge has arid climate and since it is near the Rockies, summers are cooler than other prairie regions in Canada. The maximum temperature in summer could rise up to 12.3 °C – 26.4 °C. In winter, temperatures could drop up to a minimum of −1.1 °C. Warm summers and mild winters but the very windy weather is what you experience in Lethbridge.

Average Lethbridge Daycare Costs

The average childcare cost in Lethbridge is around $11 to $17 per hour for licensed full-time daycare. You may check out if you qualify for provincial child subsidy on their website.

Lethbridge Average Grocery Bill

The average cost of grocery in Lethbridge for a small family is around $280 to $375 per month as per consumption.


Resources:

http://www.lethbridge.ca/City-Government/Financial-Documents/Documents/Reporting/2016AnnualReportHighlights.pdf

https://www.lethbridgepolice.ca/sites/default/files/2015-Annual-Report-FINAL.pdf


 

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