Henri in Magog
Property of $350,000
Premium: $317 per year
Premium computed in March 2026
In Magog, the condo market reflects a unique local dynamic where the interaction between the condo corporation's coverage and the unit owner's individual policy requires special attention. Understanding where the corporation's responsibility ends helps avoid costly coverage gaps.
Between 2019 and 2026, average condo insurance premiums in Magog show notable volatility, fluctuating between $361 and $619. This variation likely reflects pricing adjustments, shifts in the local market composition, and changes in the local risk profile. The most recent premium in 2026 reaches $619, marking a significant increase compared to prior years.
Several factors influence the cost of your home insurance. Insurers assess the risk associated with your property and your profile to calculate the appropriate premium. Here are the main elements taken into account:
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 |
The average premium in 2026 is $619 per year for a condo in Magog, reflecting a significant increase compared to prior years.
The progression is non-linear: condos in the $200k–$250k and $350k–$400k ranges show similar premiums ($320 and $317 respectively), while a representative $500k–$550k condo pays $550 per year, with marked acceleration for units $700k+ ($921).
Between 2019 and 2026, premiums fluctuate between $361 and $619, likely reflecting pricing adjustments, shifts in local risk profile, and market evolution in Magog's condo sector.
The contents of your unit, personal improvements, and your civil liability — making personal insurance necessary, averaging $619 per year in Magog.
A condo $700k+ pays $921 per year, reflecting significant acceleration driven by flood-zone exposure and local risk profile.
Increasing the deductible, bundling auto and home, installing smart water detectors, and comparing several insurers can reduce the $619 average premium by 10–20%.
Property of $350,000
Premium: $317 per year
Premium computed in March 2026
To guarantee you the best possible information, the data presented on this page is based on the following rigorous criteria
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.
© 2026 This website and trademark « ClicAssure » are used under license by ClicAssure, cabinet de services financiers inc. All rights reserved. ClicAssure, cabinet de services financiers inc. is a financial services firm registered in Quebec
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