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Affordable Auto & Car Insurance in Edmonton

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In Edmonton, it’s mandatory to have a car insurance policy before hitting the road. Whether you love a fast car or prefer a family-friendly ride, you don’t want to be left with huge repair bills or other expenses after a claim.

Why drive without basic insurance coverage? It’s not worth the hassle and the potential dent in your pocketbook. If you drive without the minimum insurance coverage, you can get fined and have difficulty getting insurance in the future.

Auto insurance protects drivers, passengers and third parties from financial loss caused by accidents. No matter what the situation: whether you’re tired and back into a pole or unlucky and a thief robs your vehicle, you need a safety net.

If you have a new car and need an insurance quote or want to add more protection to your existing policy, give us a call. Our auto insurance brokers are waiting to build a safety net insurance policy you can count on.

How Does Auto Insurance Work?

As you may know, insurance details can be a bit mundane. The lengthy contracts, the insurance jargon and the complex nature of insurance in general. That said, we want you to know the basics of how insurance works, so you are informed. Do you want to go straight to the details of your auto insurance coverage options? Access Insurance is here to answer all your questions.


Why Choose Access Insurance?

We understand as an Edmontonian you need peace of mind, and that means we get back to you when we say we will, we deliver exceptional service, and we offer expertise in home and commercial insurance., and we strive to give you affordable insurance rates.

Jump into the next sections to find out more about your car insurance policy and your insurance rates.

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What Is Included in an Auto Insurance Policy? 

Basic car insurance coverage in Edmonton includes third party liability, accident benefits, and direct compensation for property damage.

    • Third-Party Liability This liability coverage protects you in case you damage other people’s property or cause bodily injury.The minimum amount of coverage needed in Alberta is $200,000. However, most drivers opt for between $1,000,000 to $2,000,000 for optimal coverage.  

  • Accident Benefits Accident benefits cover medical costs if injured in an accident, regardless of fault. It also covers services like rehab, income replacement and funeral costs. This type of coverage can also extend to injuries suffered by passengers and pedestrians. 

  • Direct Compensation for Property Damage (DCPD) Since January 1, 2022, Alberta drivers have DCPD as mandatory coverage. Which means your insurance company will pay for damages to your vehicle and its contents after an accident, if you are not at fault, or partially at fault for the accident. If you’re at-fault for the accident, you require collision insurance to cover repairs or other costs.

Ask one of our dedicated brokers for more details on additional coverage options. 
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What Are  Optional Auto Insurance Coverages in Edmonton?

As a driver in Edmonton, you may want to add one or more options below to your car insurance policy.

    • Collison Insurance  Collision insurance protects you against damage after your car is involved in an accident where you are completely, or partially, at-fault. Typically, you are covered financially for repairs or replacement, whether you hit another car or a fixed object (e.g., tree, guardrail). 

  • Comprehensive InsuranceThis covers you for any financial loss related to a non-driving scenario, including hail damage, fire, vandalism, theft, and more.

  • Roadside Emergency AssistanceThis service will cover you in case of roadside emergencies such as a flat tire, dead battery, locked key, or an empty fuel tank. Roadside assistance is an extra layer of insurance coverage that can be provided by your insurer or registry.  

  • Specific Perils This will cover any losses resulting from the risks you have specifically named in your insurance policy. These include, but are not limited to, fire, theft vandalism weather, explosions riots falling objects and others.

  • All Perils
    All perils coverage combines collision insurance and comprehensive coverage with an extra layer of protection. For example, all perils coverage provides added security if a family member or employee steals your vehicle. Have any questions? Our Edmonton-based auto insurance brokers make it easy when you reach out for advice.

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What Factors Impact Your Insurance Rate?

Alberta’s Grid System

The Automobile Insurance Rate Board (AIRB) is a provincial organization that regulates insurance rates in Alberta. AIRB enforces a price cap, known as the grid system, which shows the maximum amount that insurers can charge for basic auto insurance.

The grid system was designed for insurance rates to be fair and equitable. Many drivers can get a lower rate from contacting their insurance company or broker. That’s why it’s always important to shop around.

 Factors that Impact Your Auto Insurance Premium

Insurance companies have a complex system for calculating car insurance rates. Insurance companies look at various factors that may affect your rate, including:

Your postal code

Auto insurance companies use postal codes to set prices. Postal code areas that have a higher rate of insurance claims are often those with higher risks such as theft and vandalism.

Your age 

Young motorists pay the highest rates for car insurance. After age 25, insurance prices are likely to go down. Drivers aged 70 and over will also experience higher rates as they are more likely to submit a claim or take longer to recover from an accident.

Driving history

Insurance companies prefer you have driving experience (typically 8 years). Long-term drivers with no convictions and few claims are rewarded by lower premiums. As a new driver, it’s also harder to get cheaper premiums.  

Your car

Insurers have developed a method to determine which model of car is most likely to cause a crash, regardless of the driver’s behavior. But both the make, model and year of the car and the driving behaviour of the driver can impact your rates.  

You can easily get an accurate estimate of your auto insurance policy with the help of our car insurance brokers in Alberta. 

person calculate how much car insurance in Edmonton

How Much Is Car Insurance in Edmonton?

According to the Insurance Bureau of Canada, average car insurance costs in Alberta were $1.514 annually (2020).

After Calgary, Edmonton comes in second in the province as the city with the highest premiums. The average premium for drivers aged 35 is $2,124, which is 7% higher than the province’s average, but 5% lower what drivers in Calgary pay.

Red Deer and Sylvan Lake are tied at the top of Alberta’s list for the lowest car insurance premiums. In both locations, the average annual rate was $1.712 for an adult without a conviction or claim. This is 14% lower than the average provincial rate for drivers the same age.

Calgary had the most expensive premiums, with an average premium of $   2008.17 , 12% more than the average provincial rate.

Discover how you can get an affordable car insurance policy with Access Insurance today.
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