Find the cheapest car insurance quotes in Alberta

Alexandre Desoutter Alexandre Desoutter  updated on 2020-11-05


You want to know how much is car insurance in Alberta and what are the mandatory car insurance coverages in Alberta?

You’ve come to the right place !

In this guide, we will tell you everything you need to know about car insurance in Alberta: cover features, tips to save money as well as cheapest car insurance companies for your car in Alberta.

Let’s dive in!

How does car insurance work in Alberta?

In Alberta, from the moment you own a vehicle, you must insure it through a private insurer. In Alberta, you purchase your policy from a private company. Rates are regulated by the Alberta government. In Alberta they use a grid rating program to establish the maximum premiums drivers should pay for their basic coverage (third party liability and accident benefits). The lower you are on the grid program, the less you will pay for you car insurance premium. The others coverages that are optionals are based on the insurance company rates.

There are mandatory and optional car insurance coverage in Alberta.

What are the different car insurance in Alberta?

In Alberta, there are several car coverages that are mandatory by law:

Third-party liability

This insurance is compulsory and covers you for:

  • Material damage and bodily injury caused to others by your fault
  • The minimum mandatory amount is 200 000 $

Statutory accident benefits coverage

This insurance provides protection for bodily injury and:

  • Covers you if you are injured in an accident regardless of who is at fault
  • Covers the medical staff involved in the accident: medical care, rehabilitation and auxiliary care services
  • Covers income replacement.

This little table recapitulates well which car insurance coverage is mandatory in Alberta.

Car insurance coveragesRequired ?
Public insurance No
Third-party liabilityYes
Accident benefitsYes
Direct Compensation Property DamageNo
Uninsured automobilistNo
CollisionNo
ComprehensiveNo
Car insurance coverages mandatory in Alberta

What are the optional auto insurance coverages in Alberta?

Here are all the options you can add to your car insurance to be best protected:

Collision car insurance in Alberta

This auto insurance protects you in the event of a collision of your vehicle with an object, which can also be the rollover of your vehicle. This insurance covers property damage caused by this accident. For example, if you hit a traffic sign, you will be covered by collision insurance. This coverage is not mandatory.

Comprehensive car insurance in Alberta

This insurance protects you for anything that is not collision or upset, as the name suggests, therefore for anything that is vandalism, glass breakage, theft, fire. If you park your vehicle on the street and when you come back, one of the windows has been broken, you will be able to use this insurance if you have subscribed to it. It is possible to make car insurance estimates to see how much you want to be insured up to.

Specified Perils Auto Insurance in Alberta

It covers you for risks that you have specified in the contract. For example, you can mention glass breakage but not include vandalism, theft but not include fire.

All-risk car insurance in Alberta

This insurance is a combination of all other insurances: collision, payout and collision free. The deductible is the same for all damages. You will thus be protected for all incidents beyond your control (vandalism, theft, fire) but also for incidents resulting from a road accident, collision with an object, or the overturning of your vehicle.

What are the other options that you could add to your car insurance in Alberta ?

Here are the options you could add to your car insurance in Alberta, most of the car insurance companies propose this :

OptionsDetailsAvailability in Alberta
Leased vehiculeYour rental vehicle will be insured in the same manner as your insured vehicle(s).Yes
Accident ForgivenessYour first accident won’t increase your car insurance premium Yes
Replacement value for total lossAlso known as replacement value, your insurer will compensate you based on the purchase value of the vehicle without taking depreciation into account.Yes
Alternate Transportation BenefitsAlso known as loss of use of the vehicle, this covers the cost of rentals, transportation, cabs that you had to take during the period when you were unable to use your vehicle.Yes
Emergency roadsideif you are out of gas, stuck, have a cracked wheel, the road assistance is there for it. Yes
Options you can add to your car inusurance

How much is car insurance in Alberta?

In Alberta, there are a number of factors to consider when determining the price of your car insurance.

The price of car insurance in Alberta is based on several factors such as:

  • Your age
  • Your sex
  • Your driving record, i.e. your driving history
  • Your permanent address: it won’t be the same price if you live in a crowded city or in the countryside.
  • The type of vehicle you drive: depending on the vehicle you drive, your premium will increase or not. If it is a really a model that can be easily stolen, your premium will get higher. If you drive one of the most stolen cars, it is quite sure that your premium will tend to be higher.
  • The use you make of your vehicle: are your journeys to and from work daily, for example? Do you use your vehicle for business purposes?
  • The number of people insured on your car insurance and their driving level
  • The date you obtained your driver’s license
  • Third party liability: did you choose 1 000 000 $ third party liability? More? Less? This changes your premium a lot.
  • The optional coverage : did you add accident forgiveness for exemple? Roadside assistance? Same, this impacts your premium.

Car insurance quotes Alberta

On average, a 35 years old married man, living in Edmonton without any convictions and with full optional coverage (collision, comprehensive), and with accident forgiveness will pay 195 $ per month with TD car insurance.

With only the mandatory coverage, 1 000 000 $ for third party liability and accident benefits, your car insurance will cost 120 $ per month for the same profile, with TD car insurance.

This is the average price of car insurance in Alberta : $1179 annually.

Where can I find the cheapest car insurance premium in Alberta?

Here are the 5 most expensive cities to insure your car in Alberta :

  • Calgary : 1 500 $ per year
  • Edmonton : 1 230 $ per year
  • Mucmurrau : 1 130 $ per year
  • St Albert : 1 130 $ per year
  • Peace River : 1 130 $ per year
  • Sturgeon County : 1 110 $ per year

    Premium can also depend on the number of claims made by one person in one city, so in Edmonton, people tend to claim more than in other places.

What are the best car insurance in Alberta?

Here are the best car insurance in Alberta :

Insurance companyCoverageDiscounts
TD car insurance

All basics coverages are available
Interesting optional coverages : accident forgiveness

Many discounts available
Hybrid discount

Desjardins Car insurance
  • All basics coverages are available
  • Interesting optional coverages : accident forgiveness,
  • Many discounts available
  • Hybrid discount, electric discount
  • Less than 30 years old discount
  • Multi vehicle discounts …
CAA Car insurance
  • All basics coverages are available
  • Interesting optional coverages
  • Many discounts
  • Green discount
  • Multi-vehicule discount
  • Driver education
The Personal Car insurance
  • All basics coverages are available
  • Interesting optional coverages”
  • Conviction free car insurance
  • 10% if you drive an electric or hybrid car
  • Up to 15% for Multi vehicle discount
  • Save up to 5% if you drive with 4 winter tires during winter months
Average insurance price

What are the best discounts offered by car insurances in Alberta?

Alberta auto insurers offer many discounts to save money on your insurance. Here are some of the best discounts known:

  • Young driver discounts
    Many insurers offer discounts for young drivers because the insurance premium for young people is quite high.
  • Group discount
    You can benefit from a discount if you are part of a group, this can be members of an association, employees of the same company etc.
  • Discount for experienced drivers
    You can get a discount if you have a good driving record and are over 50 years old.
  • Discount for combined policies
    You can get a discount by combining your car and home insurance for example, the discount is often between 5 and 15%.
  • Discount for winter tires
    It’s snowing in Alberta! That’s why insurers often offer a discount if you add snow tires to your vehicle.
  • Retiree discount
    You may be eligible for a 15% discount on Accident Benefits
  • Renewal Discount
    Your loyalty can be rewarded by some insurers, if for example you have been with them for many years without having caused any accidents. You may also be eligible for other discounts depending on the auto insurers in Ontario:
  • Low mileage
    Adding security to your vehicle

9 ways to get cheap car insurance in Alberta

Here 9 tips so save on your car insurance in Alberta:

  1. Bundle your policies : you could easily get a discount if you buy car and home insurance at the same insurer.
  2. Shop and compare to get the best deal. Never auto renew.
  3. Choose the right amount of deductible: if you choose a low deductible, your car insurance premium will go high. So choose high deductible if you want to lower your car insurance premium.
  4. Choose the coverage you need. For example, if you drive a really old car, maybe you should’t have a very complete car insurance.
  5. Pay annually: this will avoid to pay the rate fees to pay monthly.
  6. Security-device: you should install safety devices on your car, you could enjoy discounts!
  7. Have a good driving record: the best you drive, the lower you’ll pay.
  8. Install a telematic device: this tool will register your driving behavior and your car insurance premium will be adapt to your kind of driving. So, if you’re a safe driver, and you want to save money on your car insurance, go for it!
  9. Don’t hesitate to use the discounts we have just listed, depending on your situation. For example, if you’re a student, you will find interesting discounts for you.