In Magog, your premium depends on several factors: the property value, the exact postal code, the year of construction, and your insurance history. Pick the profile that matches your situation to see the typical premiums recently obtained by ClicAssure clients.
In Magog, the progression of premiums across value tiers reveals a complex, non-linear risk profile. Homes under $400k pay $1288, while those in the $400k–$500k range drop to $940, creating a striking discontinuity. The $500k–$600k tier climbs back to $1317, and higher tiers show marked acceleration: $1340 ($600k–$700k), $1900 ($700k–$800k), $3082 ($800k–$900k), $1788 ($900k–$1M), and $4372 ($1M+). This volatility is primarily driven by variable flood-zone exposure depending on precise property location within Magog, as well as the risk profile and claims history specific to each market segment.
| Property value | Average price over the last 12 months |
|---|---|
| <400k | $1211.17 |
| 400k-500k | $932.48 |
| 500k-600k | $1343.60 |
| 600k-700k | $1433.99 |
| 700k-800k | $2095.79 |
| 800k-900k | $2675.86 |
| 900k-1000k | $1852.66 |
| 1M-2M | $4371.92 |
In Magog, condo premiums progress non-linearly by unit value. Condos in the $200k–$250k and $350k–$400k ranges show similar premiums ($320 and $317 respectively), while units in the $500k–$550k range climb to $550, and those $700k+ reach $921. This acceleration in the higher tiers reflects flood-zone exposure and local risk profile, which can influence pricing more than reconstruction value alone.
| Property value | Average price over the last 12 months |
|---|---|
| 300k-400k | $317.43 |
| 500k-600k | $549.62 |
| 800k+ | $920.89 |
In Magog, tenant premiums vary by contents coverage amount, clustering in a tight range between $209 and $319. Tenants covering $30k–$50k of contents pay $251 per year, while those with $50k–$75k coverage pay $319. The moderate gap (~53%) between extremes reflects the coverage's sensitivity to insured amount rather than major geographic risk factors.
| Contents value | Average price over the last 12 months |
|---|---|
| 20k-30k | $274.34 |
| 30k-50k | $251.06 |
| 50k-75k | $306.53 |
Disclaimer: This article is intended for information purposes, with the sole objective of providing food for thought. Under no circumstances should it be construed as advice regarding insurance solutions. Only a duly certified insurance professional is qualified to analyze your personal situation, discuss your needs with you and advise you on insurance solutions.
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