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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on July 17, 2023

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated July 17, 2023

Visit author page

4 minute read

Article Contents

Car Insurance in Alberta

Since car insurance has long since been a requirement for car owners in Alberta, it’s important to know which car insurance is the best for you. There are so many options to choose from, which means it could be difficult to compare everything at once, until now.

Car insurance calculators are specifically made to determine the differences in price and rates of different auto insurance companies across Canada, with the quotes varying due to a number of factors. As a result, it’s best not to speculate too much about what your premium may be until you’ve inputted your own information. That being said, although the numbers aren’t exact, it is still important to first determine the average price of car insurance in Alberta.

How much does Car Insurance Cost in Alberta?

The average cost is determined to be around 122 dollars a month in 2017. Although as mentioned above the actual price calculated for an individual’s car insurance relies on multiple factors, including age and driving history. The older you are, the lower your car insurance may be and if you’ve been in a lot of accidents in the past, then your car insurance will most likely go up. One thing to note is that this driving history is based on your driving experience anywhere in Canada, so in other words not just Alberta.

Those new to Canada, though, may find that their car insurance is more than twice the average. This is because newcomers are considered to be completely new drivers regardless of the amount of driving experience they had in their previous home countries. Though these factors play a big role, it is also significant to understand the types of car insurance provided in Alberta.*Actual Quoting Data. Based On A Clean Driving Record.

Calgary vs Edmonton – Which has the Cheapest Car Insurance?

Though Calgary is the biggest, most populated city in Alberta, it’s not the most expensive to get your vehicle insured with the average on auto insurance premium in Calgary being $1,117. Edmonton, on the other hand, is the most costly with the average premium being about $1,237 per year a difference of give or take $100 between the two cities. So, if you’re looking to relocate to Alberta just remember that, as things stand, Calgary has the slightly cheaper car insurance when compared to Edmonton.

Within Canada, Alberta does have the third highest average monthly cost of auto coverage. However, you may qualify for a wide range of discounts, dependant on your vehicle and circumstance alone which could help reduce the price. In order to get the best car insurance possible, you have to know what exactly you want. Getting coverage for something you don’t need or want could make you pay more than necessary, making it all the more important to compare and save – starting today with our car insurance calculator!

What types of Alberta Car Insurance are available?

In the case of Alberta car insurance, there is basic and additional coverage. Basic coverage is required by law. This provides PLPD, or Personal Liability and Personal Damage, Insurance. This insurance is supposed to be guaranteed liability as a result of car accidents, damage, passenger injuries, and more. In Alberta, it’s required that auto insurance providers must give a minimum of $200,000 in damage costs.

Basic car insurance also includes accident benefits. This covers medical bills, funeral costs, rehabilitation, and other expenses involving the injuries or deaths of passengers. It doesn’t matter who’s fault it was in the accident, you will be covered. If the other driver is uninsured, then you will be covered for that as well.

Now that you know the default coverage you’ll be receiving for your car from any provider, it’s important to know the additional insurance you could purchase in Alberta. These are collision coverage, specified perils, and comprehensive insurance. Collision coverage particularly refers to damaged vehicles, no matter who’s fault it is. It covers the costs of repairs and replacements needed for the car.

Specified perils refer to damage outside of a collision such as a tree fell on your car during a lightning storm, or someone tried to steal it. Insurance providers have a list of specified perils, and not all of their lists are congruent with each other. Keep in mind what kind of coverage you think you’ll need in Alberta.

Finally, the auto insurance with the most coverage in Alberta is the comprehensive insurance. This is primarily because it’s a hybrid version of both the collision coverage and specified perils. It covers all damage to your car, to offer peace of mind but that being said this will almost certainly be the most expensive type of car insurance on offer.

How to Use a Car Insurance Calculator

It’s very easy to use this money-saving tool. All you have to do is fill out and submit your information and then you’ll get to compare all the different car insurance rates available in Alberta. Car insurance calculators funnel down all of the coverage information until only the ones relevant to you and your vehicle. Understand that you will need to provide your postal code, any auto violations or tickets you’ve received, vehicle profile, among other things. Be sure to submit as much of this information as you can to get the best insurance rates possible.

It’s really a simple process when using the calculator, to get started you’ll need to enter your postal code. After submitting that, you will be taken to a form that requires you to fill out detailed information about your vehicle, driving history and then details about you, the driver. Once complete, you will then be presented with a wide range of cheap car insurance quotes that have been tailored to you!

Why Should you Use this Type of Insurance Tool?

Not only does our insurance calculator save you money, it also takes out all of the grunt work of visiting all kinds of websites and calling multiple providers. It doesn’t take up as much time and could potentially save you a lot of money in the long run. When people look for certain types of services, they have a tendency to choose the names of companies they recognize. Especially, in the case of auto insurance, choosing the first choice may not be the best choice and it will definitely pay dividends to shop around.

What are some other Ways to Save Money on Car Insurance in Alberta?

Not all car insurance is created equal, so bear in mind that the best option for your friend or colleague might not be the best for you. There are three important aspects to consider when it comes to finding the best auto coverage: knowing what coverage you need, getting as many discounts as you can, and comparing prices between different providers.

One final thing to note is that not all auto coverage providers will outright tell you about any discounts they may have. It’s up to you to ask them if they do provide ways you can save. For example, they could give you a discount based on bundling car insurance with home insurance, having the same insurance for multiple cars in your household, and even current or past students of certain schools. Do some research on the different discounts held by various providers in Alberta and start saving today.

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