The Best Car Insurance Brokerages in Red Deer
Auto insurance in Alberta can be confusing for non-residents. The Alberta Insurance Act requires drivers to purchase a mandatory amount of coverage, where the rate is set with a grid calculator system. This grid determines the maximum amount that insurance providers are allowed to charge drivers for their mandatory coverage.
If all of this sounds confusing to you, consider hiring an insurance broker. Brokers walk drivers through the intricacies of purchasing auto insurance and help them find the best rates possible.
Check out our list of the best auto insurance brokers in Red Deer to get started:
| Brokerage | Address | Phone number |
|---|---|---|
| BrokerLink | 4311 54 Ave Suite 120 Red Deer, AB T4N 4L9, Canada | +14033586062 |
| Western Financial Group Inc. | 4320 50 Ave #101 Red Deer, AB T4N 3Z6, Canada | +14033472692 |
| Rogers Insurance | 1110-5001 19 St Red Deer, AB T4R 3R1, Canada | +14033425074 |
| Beyond Insurance Inc | 5589 47 St Unit 205 Red Deer, AB T4N 1S1, Canada | +14033926118 |
Most Expensive Postal Codes in Red Deer
Auto insurance in Red Deer, Alberta averages around $1,453.
The Red Deer postal code with the most expensive insurance rates is T4P, which includes the neighbourhoods of Clearview Ridge, Johnstone Park, Johnstone Crossing, Kentwood West, Kentwood Northeast, Michener Hill, and Oriole Park West.
| Postal code | Average Annual Car Insurance Rate |
|---|---|
| T4P | $1,507 |
Least Expensive Postal Codes in Red Deer
The postal code with the cheapest auto insurance rates in Red Deer is T4N, where you’ll find Downtown Red Deer, Forth, Highland Green Estates, Sunnybrook, West Park, and West Park Extension.
| Postal code | Average Annual Car Insurance Rate |
|---|---|
| T4N | $1,425 |
Car Insurance Cost in Red Deer by Age
When calculating premiums, insurers analyse the risks.
This, unfortunately, does not bode well for young drivers who face some of the highest insurance rates. Young drivers are often perceived as high-risk drivers due to their inexperience and limited driving record.
Seniors also face higher insurance rates because their declining cognitive abilities and hearing/visual impairment put them at a higher risk of being involved in a crash. They’re also far more likely to be seriously injured in a crash than other age groups.
Below, we list the average cost of premiums across different age groups:
| Age group | Average Annual Car Insurance Rate | Annual savings with MyChoice |
|---|---|---|
| 18-20 | $5,187 | $1,032 |
| 21-24 | $2,964 | $590 |
| 25-34 | $1,976 | $393 |
| 35-44 | $1,453 | $289 |
| 45-54 | $1,191 | $237 |
| 55-64 | $1,013 | $201 |
| 65+ | $1,155 | $230 |
Car Insurance Cost in Red Deer by Driving History
How well you drive can affect how much you’ll have to pay for your insurance premiums. Insurers charge more to drivers with a history of traffic violations and less to drivers with clean records. Bear in mind that violations can remain on your record for up to two years and affect your premium rates for even longer.
Take a look at how driving violations can affect insurance rates for drivers in Red Deer below:
| Driving violation | Average Annual Car Insurance Rate |
|---|---|
| Clean driving record | $1,453 |
| Insurance cancellation due to non-payment | $2,383 |
| Licence suspension for alcohol-related offences | $1,744 |
| One accident | $3,196 |
| Speeding ticket | $1,889 |
Driving in Red Deer
Red Deer is a small city located about an hour and 30 minutes away from Calgary and Edmonton. Due to its proximity to these two big cities, Red Deer has become a commuter town for those working outside the city.
Typically, smaller cities have more affordable insurance rates than major cities, particularly because the risk of traffic accidents and theft is lower. As such, car insurance in Red Deer is considerably cheaper than it is in Calgary or Edmonton.
Learn more about driving in Red Deer, Alberta below:
- Major highways in Red Deer: Highway 2, Highway 11, Highway 595
- Public transit options: Red Deer Transit (local bus), Action Bus (paratransit), BOLT (regional on-demand transit)
- Ridesharing services: Uber, Lyft
- Parking space providers: The City of Red Deer
- Top tourist attractions: Bower Ponds, Canadian Falls Rodeo, Kerry Wood Nature Centre, Alberta Sports Hall of Fame, Canyon Ski Resort, Kraay Family Farm, Discovery Canyon
- Busy intersections: Gaetz Avenue and 32 Street
- Airports: Red Deer Regional Airport
Main Mode of Commuting in Red Deer
Cars, trucks, and vans are preferred by 92% Red Deer commuters, making it by far the most popular mode of commuting. Out of the 37,380 personal vehicle commuters, 34,640 of them drive themselves, with 2,735 commuters preferring to be passengers. Take a closer look at the modes of commuting in Red Deer here:
| Main mode of commuting | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 40,625 | 100.0 |
| Car, truck or van | 37,380 | 92.0% |
| Car, truck or van – as a driver | 34,640 | 85.3% |
| Car, truck or van – as a passenger | 2,735 | 6.7% |
| Public transit | 1,030 | 2.5% |
| Walked | 1,320 | 3.2% |
| Bicycle | 265 | 0.7% |
| Other method | 625 | 1.5% |
Commuting Duration in Red Deer
Long commute times in Red Deer are relatively rare. Only around 15% of the city’s commuters spend over 30 minutes on the road. The other 85% can expect to spend less than half an hour on their commute. Check out a detailed look at Red Deer’s commute times here:
| Commuting duration | Counts | Rates |
|---|---|---|
| Total – 25% sample data | 40,625 | 100.0 |
| Less than 15 minutes | 18,460 | 45.4% |
| 15 to 29 minutes | 15,870 | 39.1% |
| 30 to 44 minutes | 3,575 | 8.8% |
| 45 to 59 minutes | 910 | 2.2% |
| 60 minutes and over | 1,805 | 4.4% |
Driving Conditions in Red Deer
Red Deer’s terrain is made up of rolling hills, which inexperienced drivers may find rather challenging. Snowstorms and extremely cold temperatures are fairly common in Red Deer as well. Winter tires are a must if you want to stay safe.
Here is an overview of driving conditions in Red Deer, Alberta:
- Average daily commute time: 45 minutes round trip
- Average annual rainfall: 381 mm
- Average annual snowfall: 686 mm
- Rainy days per year: 117.1 days
- Rainiest month in Red Deer: June
- Driest months in Red Deer: February, December
- Snow days per year: 80.8 days
- Snowfall months in Red Deer: January – May, September – December
Traffic in Red Deer
Red Deer is sandwiched between two big cities, Calgary and Edmonton, so a lot of commuters drive through or to Red Deer for work. Traffic can be a challenge during rush hour.
66% of all traffic accidents in Red Deer occur at intersections. One of the most accident-prone intersections is the busy Gaetz Avenue and 32 Street intersection.
Below are some more fast facts about traffic in Red Deer, Alberta:
- Population: Red Deer has a population of 100,844 people.
- City area: Red Deer has a total land area of 104.34 km².
- Time spent in traffic annually: Most Red Deer residents spend 270 hours in traffic annually.
- Busiest roads: Queen Elizabeth II Highway or Highway 2
The Most Common Questions About Car Insurance in Red Deer
How much does Red Deer car insurance cost?
Car insurance in Red Deer averages around $1,453.
Is car insurance cheaper in Red Deer than in Calgary?
Car insurance is slightly cheaper in Red Deer than in Calgary, which has an average rate of $1,512.
Why should you compare car insurance rates in Red Deer?
You should always compare auto insurance rates because rates vary across insurance providers. Each provider has their own unique way of calculating rates.
What is the grid rating system in Red Deer all about?
Alberta’s grid rating system is a program that defines the maximum premium allowed for basic coverage for all kinds of driving records. The grid only applies to basic coverage premiums.
How can you get cheaper car insurance in Red Deer?
Compare car insurance rates in Red Deer with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.