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Discover Affordable Edmonton Car Insurance Quotes with ACCESS!

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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. 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 the situation: whether you accidentally hit a pole, or a thief robbed your vehicle, you need a safety net.

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 a free vehicle insurance quote near you or want to add more protection to your existing policy, give us a call. Our auto insurance brokers in Edmonton are waiting to build a safety net insurance policy you can count on.

How to Get Edmonton Car Insurance Quotes? Get Started with Access!

Compare quotes and save money!

 

    • Tell us more about your vehicle!Answer questions about the model of your car and your driving history.

  • Compare QuotesWe offer different quotes for various insurance companies for you to compare.

  • Choose the best coverage for youGet your car the right protection.

  • Secure a Car Insurance RateConnect with the insurance company and secure your rate.

Learn How Car Insurance in Edmonton Works with Access

Let’s face it, insurance can feel overwhelming. Lengthy contracts, confusing jargon, and complex details can make your head spin. We understand! That’s why we want to break down the basics of car insurance in Edmonton and empower you to make informed decisions. But if you’re ready to skip the details and find the perfect coverage for your needs, there’s no need to search for “car insurance places near me.” Access Insurance is your one-stop shop for Edmonton car insurance. Our experienced brokers can answer all your questions and help you secure the right coverage at a competitive rate.

 

 

Why Choose Access Insurance?

We understand as an Edmonton Resident you need peace of mind, and that means we always keep our word, deliver exceptional service, and offer expertise in home and commercial insurance. 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.

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

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Who Offers the Best Auto Insurance in Edmonton?

Finding the best car insurance can be overwhelming, At Access Insurance, our experienced car insurance brokers in Edmonton are dedicated to finding you the perfect fit. We work with the best insurance companies to bring you a variety of affordable coverage options that meet your specific needs and budget. Don’t settle for generic coverage – contact us and get affordable car insurance that provides your car with the right protection.

What is the Difference Between Public and Private Car Insurance?

When considering car insurance in Edmonton, one crucial decision for drivers is whether to opt for public or private coverage. Here’s a comparison between private and public car insurance.

Public Car Insurance (Government):

 

  • Standardized coverage is provided by the government.

  • Ensures basic insurance needs are met uniformly for all drivers, regardless of individual driving history or risk profile.

  • Offers simplicity and consistency in coverage options.

  • Generally provides lower premiums compared to private insurance.

  • Claims process and customer service may be more standardized.

Private Car Insurance (Various Insurance Companies):

 

  • Offers greater flexibility and customization in coverage options.

  • Provided by various insurance companies, allowing drivers to choose from a range of policies.

  • Provides more personalized options tailored to individual needs and preferences.

  • May offer additional benefits and perks, such as roadside assistance or rental car coverage.

  • Premiums may be higher compared to public insurance, but the level of coverage and benefits can vary widely.

  • Claims process and customer service experiences may vary between different insurers.

  • Ultimately, you should carefully consider your priorities, budget, and specific car insurance coverage needs when choosing between public and private car insurance options.

     

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What Are Mandatory Car Insurance Coverage in Edmonton?

In Edmonton, it’s obligatory to get minimum coverage of car insurance or you could face legal liability. Mandatory car insurance coverage in Edmonton includes third-party liability, accident benefits, and direct compensation for property damage.

    • Third-Party Liability CoverageThis 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 to passengers and pedestrians.

  • Direct Compensation for Property Damage (DCPD) Since January 1, 2022, Alberta drivers have DCPD as mandatory coverage. This 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. 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 optional car insurance coverage or more below to your car insurance policy.

    • Collison Insurance  Collision insurance is an optional coverage that 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., a tree, or 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 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.

If you want a free quote for car insurance, click the button below.
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What Factors Impact Your Insurance Rate?

A few factors affect car insurance premiums. Learn more about how car insurance cost is calculated.

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 by contacting their insurance company or broker. That’s why it’s always important to shop around and compare auto insurance quotes from different insurance providers in Edmonton.

 

Factors that Impact Your Auto Insurance Premium

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

Your postal code

Canadian 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 auto insurance. After the age of 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 behaviour. Both the make, model, and year of the car and the driving record of the driver can impact your rates.

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

How to Get Cheap Car Insurance in Edmonton?

Saving money on car insurance in Edmonton is a priority for many drivers, and searching for “cheap insurance for cars near me” is a common first step. The good news is that by employing smart strategies and exploring available discounts, you can get the cheapest car insurance in Edmonton without compromising on coverage. Here, we offer valuable tips to help you secure cheap auto insurance rates in Edmonton.

    • Comparison ShopObtain quotes from multiple insurance providers to compare rates and coverage options. Different insurers may offer varying premiums for similar coverage, so it’s essential to shop around.

  • Bundle PoliciesYou may bundle your car insurance with other insurance policies, such as home or renters’ insurance, with the same insurance company. Many insurance providers will offer a discount for bundling multiple policies.

  • Select a Higher DeductibleOpting to pay a higher deductible may lower your insurance premium. However, it’s crucial to make sure you can afford the deductible if you need to make a car insurance claim.

  • Keep a Clean Driving RecordInsurance companies often offer lower insurance rates to drivers with a clean driving record.

  • Drive Less Some insurers offer discounts for drivers who drive fewer miles.

  • Install Safety FeaturesEquipping your vehicle equipped with safety features such as anti-theft devices, airbags, and anti-lock brakes may qualify for insurance premiums discounts. Remember to inform your insurer about any safety features your vehicle has.

  • Consider Usage-Based Insurance Some insurers offer usage-based insurance programs where premiums are based on your actual driving habits, such as mileage, speed, and braking patterns. If you’re a safe driver, you could save money with this type of insurance.

  • Maintain a Good Credit ScoreIn many jurisdictions, including Edmonton, insurance companies may consider your credit score when determining your premium. A good credit score helps you get lower rates.

  • Review Your Coverage NeedsRegularly review your insurance coverage to ensure you’re not paying for unnecessary features or coverage levels that exceed your needs. Adjust your policy as needed to reflect changes in your driving habits or lifestyle.

  • Ask About DiscountsInquire with your insurance provider about any available discounts you may qualify for, such as discounts for being a loyal customer, having a good academic record (for student drivers), or completing defensive driving courses.

Our brokers in Edmonton would happily assist you in obtaining cheap automobile insurance rates. Contact us now and get a quote for auto insurance!

person calculate how much car insurance in Edmonton

How Much Is Car Insurance in Edmonton?

Wondering how Edmonton car insurance premiums compare to other Alberta cities? The Insurance Bureau of Canada reports that the average cost of car insurance in Alberta was $1,514 annually in 2020. This is a helpful benchmark, but it’s important to remember that your individual premium will vary depending on your driving record, vehicle type, and coverage choices.

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 than 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.

Edmonton had the most expensive premiums, with an average premium of $2144, 12% more than the average provincial rate.

Do Car Insurance Rates Differ Based on Postal Codes?

Yes. In Edmonton, car insurance rates can vary significantly based on postal codes due to several factors, including population density, crime rates, traffic patterns, and historical claim data. Generally, urban areas with higher population densities and increased traffic congestion may experience higher insurance rates compared to suburban or rural areas.

Postal codes in Edmonton with higher rates of vehicle theft, vandalism, or accidents may also see higher insurance premiums to reflect the increased risk of claims. Insurance companies use statistical data and models to assess risk factors associated with specific postal codes, adjusting premiums accordingly.

It’s important for Edmonton residents to be aware of how their postal code can affect their car insurance rates and to shop around for quotes from multiple insurers to find the most competitive rates available for their specific location and circumstances. Find out how to get affordable auto insurance near you.

How Does the Edmonton Car Insurance System Work?

When it comes to car insurance, Edmonton operates within the framework of Alberta’s insurance regulations, overseen by the Automobile Insurance Rate Board (AIRB).

The province follows a no-fault insurance system, meaning that regardless of who is at fault in an accident, each driver’s insurance company covers their expenses.

Basic mandatory coverage is provided through the government, while additional coverage options are available through private insurers.

Edmonton drivers must adhere to Alberta’s insurance requirements, which mandate a minimum level of coverage for liability, accident benefits, and uninsured motorist protection. Understanding this system is essential for Edmonton residents to navigate their car insurance options and ensure compliance with provincial regulations.

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

 

Car insurance in Edmonton tends to be expensive due to factors such as a high incidence of accidents in urban areas, increased risk of vehicle theft and vandalism, severe weather conditions contributing to accidents, the dense population leading to more vehicles on the road, legal requirements for mandatory insurance coverage, costly vehicle repairs, and limited competition in the insurance market. All these factors affect Edmonton car insurance premiums. Contact our brokers and get the best advice on how to get affordable car insurance quotes.

Yes, ridesharing insurance is available in Edmonton for drivers who work for platforms such as Uber and Lyft. These insurance policies are designed to provide coverage during periods when personal auto insurance may not apply, such as when a driver is actively engaged in ridesharing activities. Both Uber and Lyft offer insurance coverage for their drivers, including liability coverage, contingent comprehensive coverage and collision coverage, and uninsured/underinsured motorist coverage. Additionally, some insurance companies in Edmonton offer specialized ridesharing endorsements or policies that provide coverage for drivers while they are using their vehicles for ridesharing purposes.

In Edmonton and throughout Alberta, drivers are required to have a minimum level of third-party liability coverage, accident benefits coverage, and uninsured motorist coverage. Additional coverage options are available for drivers who want more extensive protection.

Yes, many insurance companies in Edmonton offer discounts for various factors such as having a clean driving record, bundling policies, completing driver training courses, having certain safety features on your vehicle, and more. It’s worth exploring these options to potentially lower your premiums. Get in touch with us and a broker will help you get affordable auto insurance quotes in Edmonton, Alberta.

If you’re involved in a car accident in Edmonton, ensure everyone involved is safe, exchange insurance information with other parties, document the scene, and report the accident to your insurance company as soon as possible. They will guide you through the claims process.

In Alberta, it’s generally not possible to suspend car insurance coverage temporarily. However, if you’re not using your vehicle for an extended period, you may consider reducing coverage to save on premiums, but ensure you maintain the mandatory minimum coverage required by law.