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Canmore Car Insurance

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Recent Quotes From Our Users

Monthly PremiumsDate & TimeQuote TypeAgeGenderCity
$92.69Dec 02, 2024, 08:44 AMAuto33FemaleBelleville
$43.43Dec 02, 2024, 03:37 PMHome41MaleOttawa
$25.68Dec 02, 2024, 09:59 AMTenant25MaleBrantford
$32.58Dec 02, 2024, 12:36 PMLife30FemaleHamilton

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

Updated on September 5, 2024

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

Updated September 5, 2024

Visit author page

4 minute read

Article Contents

Quick Facts About Auto Insurance in Canmore

  • Canmore car insurance is MORE expensive than the Alberta average.
  • The average annual car insurance cost in Canmore for a driver with a clean record is around $1,255.
  • Comparing Canmore auto insurance quotes with MyChoice can save you up to $891 annually.

Quote data from MyChoice.ca, November 2024

The Best Car Insurance Brokerages in Canmore

Car insurance brokerages have extensive knowledge of how car insurance works in their particular areas. A good brokerage will answer all your questions about car insurance and help you pick out the policy that best fits your needs.

The top car insurance brokerages in Canmore can provide the best car insurance plans for drivers. If you need assistance shopping for an affordable auto insurance policy, contact these brokerages:

BrokerageAddressPhone number
Westland Insurance1040 Railway Ave #101
Canmore, AB T1W 1P4, Canada
+14036785122
Alpine Insurance & Financial Inc.729 10 St #201
Canmore, AB T1W 2A3, Canada
+14036782268
BrokerLink104 Kananaskis Way #113
Canmore, AB T1W 2X2, Canada
+14036788892

Most Expensive Postal Codes in Canmore

The average annual car insurance rate in Canmore is $1,255. The average car insurance rate in Alberta is only around $1,218, making Canmore auto insurance slightly more expensive.

T1W is the most expensive postal code for auto insurance by default, since it’s the only postal code in Canmore. Here’s a breakdown of auto insurance rates in Canmore:

Postal CodeAverage Annual Car Insurance Rate
T1W$1,255

Quote data from MyChoice.ca, November 2024

Car Insurance Cost in Canmore by Age

Your car insurance rates are highly affected by how old you are. Insurance companies in Canmore will rate you as a low-risk or high-risk driver depending on your age.

If you’re a new driver under the age of 25, you start out with an expensive annual premium because insurance companies don’t consider you experienced enough yet. After 35, your insurance premiums tend to get lower due to the experience you’ve gained, making you a lower-risk driver. After 65, your eyesight and reflexes diminish, raising your annual premiums again.

Here’s a table where you can check out the average annual insurance rates per age bracket and how much using MyChoice can save you:

Age groupAverage Annual Car Insurance RateAnnual savings with MyChoice
18-20$4,481$891
21-24$2,561$509
25-34$1,708$340
35-44$1,255$249
45-54$1,029$205
55-64$875$174
65+$998$198

Quote data from MyChoice.ca, November 2024

Car Insurance Cost in Canmore by Driving History

Your driving history is one of the biggest factors when insurance companies give you a quote.

Insurance companies will check your record looking for a history of traffic violations or accidents. If you’ve frequently been in accidents or have traffic violations on your record, you will be considered a high-risk driver and be charged a higher insurance premium in Canmore. Conversely, if you have a clean driving record, you’re considered a low-risk driver, giving you discounts on your annual premiums.

In Canmore, driving violations remain on your record for two years, though insurers can check your history as far back as 10 years. From parking lot accidents to DUIs and speeding tickets, any mark on your driving history can increase your annual auto insurance rates.

Here’s a table showing how driving violations can increase your car insurance premiums in Canmore:

Driving violationAverage Annual Car Insurance Rate
Clean driving record$1,255
Insurance cancellation due to non-payment$2,059
Licence suspension for alcohol-related offences$1,507
One accident$2,762
Speeding ticket$1,632

Quote data from MyChoice.ca, November 2024

Driving in Canmore

Canmore is a small town that sprawls over the Bow Valley in Alberta’s Rocky Mountains. This small and peaceful town once used to be a mining town but slowly transitioned into a tourist destination with the 1988 Winter Olympics. 

Here are some key facts about driving in Canmore:

  • Major highways: 1, 1A, 742
  • Public transit options: Roam (bus)
  • Ridesharing services: Uber, Lyft
  • Parking space providers: The Town of Canmore, private lots
  • Top tourist attractions: Elevation Place, Canmore Nordic Centre, Grassi Lakes, Banff National Park
  • Busy intersections: Bow Valley Trail and Railway Avenue/Benchlands Trail
  • Airports: N/A

Main Mode of Commuting in Canmore

Nearly three-quarters of Canmore’s 6,345 commuters travel by car, which is somewhat unusual for car-dominated small towns. But when we consider Canmore’s size, it makes more sense seeing that walking and cycling are the second and third most popular commuting modes, taking a 20% share of Canmore’s commuter base. Here’s a closer look at how Canmore’s residents commute:

Main mode of commutingCountsRates
Total – 25% sample data6,345100.0
Car, truck or van4,73574.6%
Car, truck or van – as a driver4,39569.3%
Car, truck or van – as a passenger3355.3%
Public transit1602.5%
Walked83513.2%
Bicycle4256.7%
Other method1903.0%

Commuting Duration in Canmore

Commuting in Canmore, similar to many small towns, is brisk. Over half of its residents take less than 15 minutes getting to work, while a quarter spend between 15 and 29 minutes. Here’s a detailed breakdown of Canmore’s commute times:

Commuting durationCountsRates
Total – 25% sample data6,345100.0
Less than 15 minutes3,55055.9%
15 to 29 minutes1,65526.1%
30 to 44 minutes5458.6%
45 to 59 minutes1452.3%
60 minutes and over4507.1%

Driving Conditions in Canmore

Much of Canmore’s town limits are part of a natural wildlife corridor, which can mean that you’ll see bears, wolves, moose, and other Canadian wildlife on the roads occasionally. All-perils insurance is a great option if you want to be insured against most potential dangers in Canmore.

Here are a few facts about the driving conditions in Canmore:

  • Average daily commute time: X
  • Average annual rainfall: 404 mm
  • Average annual snowfall: 257 cm
  • Rainy days per year: 166 days
  • Rainiest month in Canmore: June
  • Driest months in Canmore: January
  • Snow days per year: 133 days
  • Snowfall months in Canmore: September – June

Traffic in Canmore

Canmore is a small town that sprawls over a large area. Traffic is not heavy in Canmore like in other city centers, but rain, snow, and the occasional wildlife make it a good idea to drive slowly in Canmore.

Here are some facts about the traffic conditions in Canmore:

  • Population: 15,990 people live within Canmore’s town limits.
  • Town area: Canmore’s town limits span 68.47 km2.
  • Average commute distance: The average Canmore resident travels x km every day to their school or workplace.
  • Busiest highways: Canmore’s busiest road is Bow Valley Trail.
  • Average number of collisions: Canmore sees X collisions a year.

The Most Common Questions About Car Insurance in Canmore

How much does Canmore car insurance cost?

Canmore car insurance costs an average of $1,248 per year. This is slightly higher than the average annual premiums in Alberta which is roughly $1,211 per year.

Is car insurance cheaper in Canmore than Calgary?

Yes, car insurance in Canmore is cheaper than in Calgary. The average annual car insurance rate in Canmore is $1,248, while Calgary’s average annual rate is $1,512.

What is the grid rating system in Canmore all about?

The grid rating system in Canmore determines the maximum insurance rates that companies are allowed to charge drivers. Canmore car insurance companies are required to compare a driver’s projected insurance rate against the grid rate and charge the lower amount.

How can you get cheaper car insurance in Canmore?

Compare car insurance rates in Canmore with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.

Methodology

Sample Size

We analyzed over 50,000 auto insurance quotes across Canada.

Profiles

Average rates were calculated using a standard profile and incident profiles. All personal details pertaining to the quotes and policies have been kept confidential.

Standard Profile

Single driver, one car, currently insured, and a pristine driving record. Our base profile is a 35-year-old individual (both male and female) with a spotless driving record.

Incident Profiles

We examined how rates change by evaluating profiles with a clean record (standard), one at-fault accident, a single speeding ticket, license suspension for alcohol related offenses and insurance cancellation due to non-payment.

Vehicle Details

These individuals own a 2018 Honda Civic, commute five days a week, and cover a distance of 15,000 kilometres annually.

Vehicle Models

Costs were also analyzed for different vehicles: Mazda CX-5, Ford Escape, Toyota Corolla, Honda Accord, Chevrolet Equinox, and the base 2018 Honda Civic.

Age and Homeownership

Profiles from age 18-65 (standard: 35 years) were considered. Depending on age, individuals might rent or own their homes. Age-related regulations may vary across provinces.

Team

MyChoice data science, MyChoice research.

Sources

1. Mychoice.ca Internal Data, Auto Insurance by Postal Code, Alberta, Canmore, Car Insurance Quotes Collected, 2024.

2. Mychoice.ca Internal Data, Rate Cost By Age, Alberta, Canmore, Car Insurance Quotes Collected, 2024.

3. Mychoice.ca Internal Data, Rate Cost By Driving History, Alberta, Canmore, Car Insurance Quotes Collected, 2024.

4. City of Canmore Website, Driving & Transit Information. Data Collected, 2024.

5. Statistics Canada, 2021, Census of Population, Alberta, Canmore, Main Mode of Commuting. Data Published March 29, 2023.

6. Statistics Canada, 2021, Census of Population, Alberta, Canmore, Commuting Duration. Data Published March 29, 2023.

7. Weather Network Canada, Historical Averages, Alberta, Canmore.

8. Transportation Alberta Mapping, Alberta, Canmore.

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