How Can You Get Cheap Car Insurance in Edmonton?
You can get lower premiums and cheap car insurance in Edmonton by finding the best policy deals and lowering your risk profile. Here are several ways to get cheap Edmonton auto insurance:
Who Provides Car Insurance Quotes in Edmonton?
Insurance agents, brokers, aggregators, and direct writers provide car insurance quotes in Edmonton. What are the differences, and what does each offer? Here’s a closer look at the four insurance provider types:
How Does Car Insurance Work in Edmonton?
Car insurance in Edmonton works by providing an agreed-upon amount of money when you’re involved in an auto accident. Auto insurance in Canada is mandatory, which means you must have an insurance policy to avoid fines and suspensions.
On top of facing fines and suspensions, you could be flagged as a high-risk driver by insurers if you’re caught driving without insurance. High-risk drivers get higher auto insurance premiums, meaning it’ll be even harder for you to drive legally in Edmonton.
Auto insurance coverage in Edmonton is split into two types:
- Mandatory: You need mandatory coverage to drive legally.
- Optional: Optional coverage provides extra protection in specific situations.
How Your Car Insurance Quotes Are Calculated in Edmonton
Your Edmonton car insurance rates are calculated based on how risky the insurer thinks you are. Generally, you’ll pay higher premiums if the insurer believes you’re more likely to get into an accident.
Here are the key criteria for determining your Edmonton car insurance quotes:
Most Expensive Postal Codes in Edmonton
Edmonton’s average auto insurance rate is $1,954, which is one of the highest average rates in the province. Depending on where you live in Edmonton, you might pay higher than the average rate. The postal codes with the most expensive rates are T5A, T5B, T5C, T5G, T5H, T5L, and T5W, with an average rate of $2,019.
Here’s a table with a detailed breakdown of the most expensive postal codes for car insurance in Edmonton:
| Postal code | Included areas | Average rate |
|---|---|---|
| T5A | Belmont, Belvedere, Casselman, Homesteader, Kennedale Industrial, Kernohan, Northeast Edmonton | $2,019 |
| T5B | Alberta Avenue, Bellevue, Cromdale, Eastwood, Industrial Heights, Montrose, North Central Edmonton, Northeast Edmonton | $2,019 |
| T5C | Balwin, Belvedere, Delwood, Kildare, Kilkenny, Northeast Edmonton | $2,019 |
| T5E | Calder, Evansdale, Glengarry, Griesbach, Killarney, Lauderdale, Northeast Edmonton, Northwest Edmonton | $2,019 |
| T5G | Alberta Avenue, Edmonton Municipal Airport, North Central Edmonton | $2,019 |
| T5H | Boyle Street, Central McDougall, McCauley, North Central Edmonton | $2,019 |
| T5L | Baranow, Bonaventure Industrial, Calder, Dominion Industrial, Dovercourt, Hagmann Estate Industrial, Huff Bremner Estate Industrial, McArthur Industrial, Northwest Edmonton | $2,019 |
| T5W | Abbottsfield, Beacon Heights, Beverly, Highlands, Industrial Heights, Montrose, Newton, Northeast Edmonton | $2,019 |
| T5J | Downtown, Downtown Edmonton, North Central Edmonton | $1,976 |
| T5K | Downtown, North Central Edmonton, Oliver | $1,976 |
| T5X | Baranow, Baturyn, Beaumaris, Carlisle, Dunluce, Eaux Claires, Lorelei, Northwest Edmonton | $1,976 |
| T5Y | Bannerman, Brintnell, Clareview Campus, Cy Becker, Fraser, Gorman Industrial West, Hairsine, Matt Berry, McConachie Area, Miller, Northeast Edmonton | $1,976 |
| T5Z | Belle Rive, Eaux Claires, Klarvatten, Lago Lindo, Mayliewan, Northeast Edmonton | $1,976 |
| T6V | Baranow, Cumberland, Hudson, Mistatim Industrial, Northwest Edmonton | $1,976 |
| T5V | Carleton Square Industrial, Gagnon Estate Industrial, Garside Industrial, Hawin Park Estate Industrial, Kinokamau Plains Area, Mistatim Industrial, Mitchell Industrial, Northwest Edmonton | $1,966 |
| T6B | Davies Industrial East, Eastgate Business Park, Girard Industrial, Kenilworth, Lambton Industrial, Morris Industrial, Northeast Edmonton, Pylypow Industrial, Roper Industrial, Southeast Edmonton | $1,966 |
| T6C | Avonmore, Bonnie Doon, Cloverdale, Coronet Addition Industrial, Holyrood, Idylwylde, King Edward Park, South Central Edmonton, Southeast Edmonton | $1,966 |
| T6P | Maple Ridge, Maple Ridge Industrial, Southeast Edmonton | $1,966 |
| T6S | Clover Bar Area, Northeast Edmonton | $1,966 |
| T6A | Capilano, Eastgate Business Park, Forest Heights, Fulton Place, Gold Bar, Northeast Edmonton | $1,966 |
Least Expensive Postal Codes in Edmonton
While Edmonton may have the highest average car insurance rate in Alberta, there are still a few postal codes where you can find a lower insurance rate. The postal codes T6J and T6T come in at $1,785, making them the best places in Edmonton to live if you want to get cheap car insurance.
Here’s a look at the postal codes where you can get the cheapest car insurance in Edmonton:
| Postal code | Included areas | Average rate |
|---|---|---|
| T6J | Blue Quill, Calgary Trail South, Duggan, Ermineskin, Greenfield, Keheewin, Rideau Park, Skyrattler, Southwest Edmonton | $1,785 |
| T6T | Larkspur, Laurel, Silver Berry, Southeast Edmonton | $1,785 |
| T5M | Alberta Park Industrial, Garside Industrial, High Park Industrial, Huff Bremner Estate Industrial, Inglewood, Jasper Place, Northwest Edmonton, West Edmonton | $1,932 |
| T5N | Crestwood, Glenora, Grovenor, North Central Edmonton, West Edmonton | $1,932 |
| T5P | Britannia Youngstown, Canora, Glenwood, Jasper Place, West Edmonton | $1,932 |
| T5R | Elmwood, Jasper Park, Jasper Place, Laurier Heights, Meadowlark Park, Parkview, West Edmonton | $1,932 |
| T5S | Armstrong Industrial, Edmiston Industrial, McNamara Industrial, Morin Industrial, Northwest Edmonton, Place LaRue, Stone Industrial, West Edmonton | $1,932 |
| T5T | Belmead, Callingwood South, Glastonbury, Summerlea, Terra Losa, West Edmonton | $1,932 |
| T6E | Coronet Industrial, Davies Industrial West, McIntyre Industrial, Papaschase Industrial, Queen Alexandra, Rosedale Industrial, South Central Edmonton, Southeast Edmonton, Strathcona Junction | $1,932 |
| T6G | Garneau, McKernan, South Central Edmonton, University of Alberta | $1,932 |
| T6H | Allendale, Brander Gardens, Calgary Trail North, Empire Park, Lendrum Place, Pleasantview, Southwest Edmonton, Strathcona Junction | $1,932 |
| T6K | Ekota, Kameyosek, Lee Ridge, Menisa, Meyonohk, Michaels Park, Mill Woods Town Centre, Richfield, Satoo, Southeast Edmonton | $1,932 |
| T6L | Bisset, Crawford Plains, Daly Grove, Greenview, Jackson Heights, Kiniski Gardens, Meyokumin, Mill Woods Town Centre, Minchau, Pollard Meadows, Sakaw, Southeast Edmonton | $1,932 |
| T6M | Donsdale, Gariepy, Jamieson Place, Oleskiw, Rural West, The Hamptons, Wedgewood Heights, West Edmonton | $1,932 |
| T6N | Edmonton Research and Development Park, Parsons Industrial, South Edmonton Common, Southeast Edmonton | $1,932 |
| T6R | Bulyea Heights, Carter Crest, Falconer Heights, Haddow, Hodgson, Leger, MacTaggart, Magrath Heights, Rhatigan Ridge, Southwest Edmonton | $1,932 |
| T6W | Ambleside, Blackmud Creek, Heritage Valley Area, Rutherford, Southwest Edmonton | $1,932 |
| T6X | Ellerslie, Ellerslie Industrial, Southeast Edmonton | $1,932 |
Car Insurance Cost in Edmonton by Age
Your driver risk profile varies depending on how old you are. If you’re a new driver in your teens or early twenties, insurance companies will consider you a higher-risk driver than a driver in their thirties who’s been driving for a decade or so. That said, once you reach a certain age, your premiums start to go up again because your accident probability increases again.
Here’s a table of car insurance costs in Edmonton by age:
| Age | Average annual insurance cost | Average savings with MyChoice |
|---|---|---|
| 18-20 | $6,976 | $1,387 |
| 21-24 | $3,986 | $793 |
| 25-34 | $2,657 | $529 |
| 35-44 | $1,954 | $389 |
| 45-54 | $1,602 | $319 |
| 55-64 | $1,362 | $271 |
| 65+ | $1,174 | $309 |
Car Insurance Cost in Edmonton by Driving History
A huge factor in determining your Edmonton car insurance premiums is your driving history. If you have speeding tickets, accident records, or other violations, insurance companies will jack up the prices of your premiums due to being a high-risk driver.
In Edmonton, the difference between a good driving record and a bad driving record can be massive. If you have a driving violation on your record, you may end up paying more than twice the annual premium compared to someone with a good driving record.
Here’s an example of how your Edmonton auto insurance premiums can be affected by a bad driving record:
| Driving violation | Average annual car insurance rate |
|---|---|
| Clean driving record | $1,954 |
| Insurance cancellation due to non-payment | $3,205 |
| Licence suspension for alcohol-related offences | $2,342 |
| One accident | $4,307 |
| Speeding ticket | $2,544 |
Other Factors That Affect Car Insurance Prices in Edmonton
Many factors influence your Edmonton car insurance rates. In addition to the ones we covered previously, here are other criteria that may increase or decrease your premiums:
The Best Car Insurance Brokerages in Edmonton
Finding the best insurance plan in Edmonton is not easy. Thankfully, insurance brokers can do all that hard work for you. Edmonton’s insurance brokerages know the ins and outs of the insurance game and can help you get exactly the coverage you need.
Here are some of the best car insurance brokerages in Edmonton:
| Brokerage | Address | Phone number |
|---|---|---|
| Neva Perrotte – Desjardins Insurance Agent | 3333 17 Ave SW Calgary, AB T3E 7C1, Canada | +14036852900 |
| Sharp Insurance – Calgary | 1331 Macleod Trail SE Calgary, AB T2G 1E1, Canada | +14035902008 |
| BrokerLink | 3508 32 Ave NE Suite 211 Calgary, AB T1Y 6J2, Canada | +14032762220 |
| Lakeview Insurance Brokers Ltd. | 4707 1 St SW Calgary, AB T2G 0A1, Canada | +14032872521 |
Driving in Edmonton
As Alberta’s capital city, Edmonton houses more than 1 million people, making it the fifth-largest city in Canada. Commuting to and from the city proper is relatively common for Edmonton workers.
Here’s a summary of what it’s like to drive in Edmonton:
- Major highways in Edmonton: 216, 2, 16
- Public transit options: Edmonton Transit (bus and trains)
- Ridesharing services: Uber, Lyft
- Parking space providers: Private parking lots and parkades
- Top tourist attractions: Royal Alberta Museum, Elk Island National Park, Beaver Hills, Fort Edmonton Park, Ukrainian Cultural Heritage Village, Muttart Conservatory, Art Gallery of Alberta
- Busy intersections: 107 Avenue and 142 Street, Yellowhead Trail and 149 Street, Yellowhead Trail and 97 Street, Yellowhead Trail and 127 Street, 34 Avenue and 91 Street, 34 Avenue and Gateway Boulevard
- Airports: Edmonton International Airport
Main Mode of Commuting in Edmonton
An overwhelming majority of Edmonton’s commuters use cars and other personal vehicles to commute. Most of these commuters drive themselves, with drivers making up 78% of total Edmontonian commuters. Meanwhile, only 6.7% of them are passengers. Here’s a breakdown of how Edmontonians commute:
| Main mode of commuting | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 380,315 | 100.0 |
| Car, truck or van | 323,705 | 85.1% |
| Car, truck or van – as a driver | 298,320 | 78.4% |
| Car, truck or van – as a passenger | 25,380 | 6.7% |
| Public transit | 30,860 | 8.1% |
| Walked | 13,430 | 3.5% |
| Bicycle | 3,355 | 0.9% |
| Other method | 8,970 | 2.4% |
Commuting Duration in Edmonton
Almost half of Edmonton’s commuters take 15 to 29 minutes to get to their workplace. In fact, two-thirds of Edmontonians spend less than half an hour on their commutes. Here’s a detailed look at the commuting times in Edmonton:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 380,315 | 100.0 |
| Less than 15 minutes | 86,415 | 22.7% |
| 15 to 29 minutes | 174,830 | 46.0% |
| 30 to 44 minutes | 82,100 | 21.6% |
| 45 to 59 minutes | 19,050 | 5.0% |
| 60 minutes and over | 17,920 | 4.7% |
Driving Conditions in Edmonton
In a 2022 survey, Edmonton ranked in the worst three Canadian cities for road conditions. If you’re planning to drive in Edmonton in the winter months, we recommend investing in winter tires, as it can get very icy on Highway 216.
Here are some facts about the driving conditions in Edmonton:
- Average daily commute time: 51 minutes round trip
- Average annual rainfall: 3338 mm
- Average annual snowfall: 123.5 cm
- Rainy days per year: 108
- Rainiest month in Edmonton: July
- Driest month in Edmonton: October
- Snow days per year: 141
- Snowfall months in Edmonton: October to April
Traffic in Edmonton
Edmonton is a growing city center in Alberta, with a city population of over 1 million and a metropolitan population of over 1.4 million. With so many people driving in and around Edmonton, it’s surprising that traffic is on the lighter side.
Here’s a quick look at what driving in Edmonton is like:
- Population: Edmonton has 1,010,899 residents within its city limits.
- City area: Edmonton’s urban area spans 684.4 km2.
- Average commute distance: Most Edmontonians travel 6.8 km to their workplace or school.
- Time spent in traffic annually: Most Edmontonians spend 310 hours every year stuck in rush hour traffic.
- Busiest highways: Edmonton is surrounded by Highway 216, which serves as its main thoroughfare.
The Most Common Questions About Car Insurance in Edmonton
How much is car insurance in Edmonton?
Car insurance in Edmonton averages out to $1,954 a year. Your actual rate depends on a lot of factors like your age, driving history, and the kind of vehicle you’re driving.
What is the cheapest car insurance in Edmonton?
The cheapest car insurance in Edmonton can be found in the postal codes T6J and T6T, where the average insurance rate is $1,785 annually.
What do I need to insure my motor vehicle in Edmonton?
To insure your motor vehicle in Edmonton, you need to have the following things prepared:
Bill of sale and lease agreement for your motor vehicle
Driver’s licenses for the registered drivers that intend to drive the vehicle
Drivers’ training certificates, if any drivers in training intend to drive the vehicle
Dates of all drivers’ birth
If your vehicle is 12 years or older, a passing vehicle inspection report that was issued in the past 14 days
Can I get car insurance without registration in Edmonton, AB?
Yes, you can get car insurance without registration in Edmonton. In fact, you need proof of car insurance before you can apply to register a vehicle under your name.
Can I get monthly car insurance in Edmonton?
Yes, you can get monthly car insurance in Edmonton. You can even get temporary insurance for a variety of reasons.
Why does insurance cost more in Edmonton than it does in other Alberta cities?
Insurance costs more in Edmonton than in other Alberta cities because of its large driving population. Edmonton has also seen more insurance claims being filed than other Alberta cities, which drives insurance premiums up.
Is ridesharing insurance available in Edmonton?
Yes, ridesharing insurance is available in Edmonton for drivers who use a ridesharing app.
Does fault matter in a car accident in Edmonton?
Yes, fault matters in a car accident in Edmonton. Depending on whether or not you’re at fault, you can claim damages from your own collision coverage or from the Direct Compensation for Property Damage (DCPD) program implemented in Alberta in 2022.
Can I get month-to-month car insurance in Edmonton?
Yes, you can get month-to-month car insurance in Edmonton. If you only drive a few times a year, it can be worth it to look into temporary insurance. You can get temporary insurance coverage for as short as a few days to as long as six months.
Can I be denied auto insurance in Edmonton?
No, you can’t be denied the basic level of legally required auto insurance in Edmonton under the all-comers rule. However, if you fail to follow the rules set by your insurance company, you can be denied future coverage.
Does my Edmonton auto insurance work in the US?
Yes, your Edmonton auto insurance will work in the US. This is because Canada and the US share a lot of the same insurance laws and regulations.
Can I cancel my Edmonton car insurance within 14 days?
Yes, you can cancel your Edmonton car insurance within 14 days. After taking out an insurance plan for your vehicle, there is a 14-day cooling-off period when you reserve the right to change or cancel your policy without having to pay cancellation fees.
How are auto insurance rates in Edmonton determined?
Auto insurance rates in Edmonton are determined based on a large number of factors, like the zip code you live in, age, driving record, what kind of car you drive, and the insurance company you choose to use. You can save up to $996 on your yearly insurance premium by comparing insurance quotes through MyChoice.