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Cheap Car Insurance in Edmonton

Edmonton International Airport

Edmonton is the capital of Alberta and the fifth most populated city and metropolitan area in the country, but like the province in which it is situated, it can boast reasonable car insurance quotes. Auto insurance in Edmonton is competitively priced and is the lowest among Canada’s heavily populated provinces.

  1. Ontario: $1,551
  2. British Columbia: $1,237
  3. Alberta: $1,086
  4. Manitoba: $1,071
  5. Newfoundland and Labrador: $1,014
  6. Nunavut: $953
  7. Northwest Territories: $936
  8. Saskatchewan: $882
  9. New Brunswick: $796
  10. Yukon: $793
  11. Nova Scotia: $776
  12. Prince Edward Island: $740
  13. Quebec: $712

Edmonton remains the most expensive region in Alberta for auto insurance premiums, with costs going up overall across the province. Despite its position as the most expensive auto insurance market in Alberta, Edmonton still trails well behind the most expensive province in Canada, Ontario, where rates are vastly more expensive thanks to the Greater Toronto Area and rife insurance fraud.

However, Edmonton is unrivalled in Alberta and the capital city of the province has an average auto insurance premium that is 14 per cent higher than anywhere else in Alberta. That average yearly cost sits at $1,237 per annum.

It should be noted that cities and large population centers are typically subject to higher premiums, hence Ontario’s highest in the nation reputation, or at least partly. Edmonton though has other factors playing a part in its high rate, particularly when one considers that Calgary (another highly populated city in Alberta) is actually only the sixth most expensive place in the province with a yearly premium of $1,117 on average.

Bigger cities have higher auto insurance premiums, but some of the unique problems to Edmonton, in Alberta at least, are fewer people using public transport and busier roads. Rife vehicle crime is a problem the city of Edmonton is currently facing, with the police force saying earlier in the year that car theft is up by a massive 40 per cent compared to last year.

Despite this, some outlets insist that premiums by and large are decided by individual driver record, so does that mean there are more bad drivers on Edmonton compared to the rest of Alberta? Actually no, as that is a sort of false flag simply because most surveys that measure the cost of insurance premiums base their findings off drivers with clean records.

In contrast to Edmonton, Lacombe is the most affordable region in the province, with a yearly insurance premium average of $753.

Cheap Car Insurance Edmonton

City of Edmonton, October 2014

Unlike the other Western provinces of British Columbia, Saskatchewan, and Manitoba, private companies provide auto insurance in Alberta, meaning it’s beneficial to shop around for your Edmonton car insurance policy. Different car insurance companies offer different rates, so it’s important to leave yourself open to switching companies in order to get the cheapest rate. You should also know what to look for when you’re shopping for car insurance, like whether you need collision and comprehensive coverage. Having the right coverage is important in order to get the cheapest rate.

Shopping for the Cheap Car Insurance Quotes

At Shop Insurance Canada, we provide you with the tools you need to find cheap car insurance in Edmonton. Our online quote form only takes a few minutes to fill out, and it could save you hundreds of dollars a year on your Edmonton auto insurance policy.

It’s also important to stay on top of your auto insurance rates throughout the year in order to ensure you’re getting the cheapest auto insurance quotes. Edmonton car insurance quotes vary year to year, so use our quote form periodically to check your rates.

Edmonton Auto Insurance Requirements

The province of Alberta requires drivers have at least third-party liability coverage (minimum $200,000), uninsured motorist coverage, and accident benefits coverage. Unlike Ontario, direct compensation—property damage coverage is not required in Alberta, meaning the at-fault party’s auto insurance company will pay for the damage to the other vehicles.

The Auto Insurance Broker Advantage

Shop Insurance Canada has a team of qualified and licensed brokers ready to take your call. Brokers work for you, not an car insurance company, to find you the best coverage and the cheapest rate available. We work with 15 different car insurance companies, providing you with an unbiased opinion on your car insurance needs.

Unlike other auto insurance comparison sites, we don’t sell your information to a third party. Your satisfaction is our responsibility. Our brokers work around the clock for you: if you need to file a claim, auto insurance brokers are there for you.

Instant Quote

Wherever you reside and whatever your coverage needs, take a look at our insurance guides and fill out our quote form. You’ll arm yourself with the right knowledge, and secure yourself the best rate.