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 |
|---|---|---|
| Leibel Insurance Group | 17415 102 Ave NW #102, Edmonton, AB T5S 1J8 | +17804848880 |
| Capital Insurance Brokers – East Edmonton | 4363 167 Ave NW #207, Edmonton, AB T5Y 3Y2 | +15878472748 |
| ARC Insurance Brokers – South | 3596 Allan Dr SW, Edmonton, AB T6W 3G9 | +17802445050 |
| Armour Insurance, Car, Home, Business, Farm & Life, Edmonton | 5750 75 Street NW, Edmonton, AB T6E 5X6 | +17804750959 |
Most Expensive Postal Codes in Edmonton
Edmonton’s average auto insurance rate is $1,412 and depending on where you live in the city you might have to pay higher than the average rate. The postal codes with the most expensive rates are T5A, T5B, T5C, T5E, T5G and T5H, with an average rate of $1,719.
Here’s a table with a detailed breakdown of the most expensive postal codes for car insurance in Edmonton:
| Postal code | Average Annual Car Insurance Rate |
|---|---|
| T5A, T5B, T5C, T5E, T5G, T5H | $1,719 |
| T5X, T5Y, T5Z, T6V | $1,676 |
| T5V, T6B, T6C, T6P, T6S, T6A | $1,666 |
Least Expensive Postal Codes in Edmonton
There are still a few postal codes in Edmonton where you can find a lower insurance rate. The postal codes T6J and T6T come in at $1,285, 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 | Average Annual Car Insurance Rate |
|---|---|
| T6J, T6T | $1,285 |
| T5M, T5N, T5P, T5R, T5S | $1,432 |
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 Car Insurance Rate | Average savings with MyChoice |
|---|---|---|
| 18-20 | $5,041 | $1,003 |
| 21-24 | $2,880 | $573 |
| 25-34 | $1,920 | $382 |
| 35-44 | $1,412 | $281 |
| 45-54 | $1,158 | $230 |
| 55-64 | $984 | $196 |
| 65+ | $1,122 | $223 |
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 | $1,412 |
| Insurance cancellation due to non-payment | $2,316 |
| Licence suspension for alcohol-related offences | $1,694 |
| One accident | $3,106 |
| Speeding ticket | $1,836 |
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 $1,412 a year. Your actual rate depends on a lot of factors like your age, driving history, and the kind of vehicle you’re driving.
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.
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.
How can you get cheaper auto insurance in Edmonton?
Compare car insurance rates in Edmonton with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.