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Car Insurance Edmonton

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Car Insurance Edmonton

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Affordable Car Insurance in Edmonton

If you drive daily in Edmonton, you’ll have to deal with high car insurance rates, compared to the rest of Alberta. Are you looking for a cheap car insurance rate, or are you more concerned about having the right coverage for your unique needs? We help you find a balance between an affordable rate and the best insurance coverage options.

How to Get an Edmonton Car Insurance Quote

There are several different ways to get a car insurance quotes in Edmonton:

Usually, the easiest and fastest way to get a quote is online. The more information you have written down ahead of time, the more accurate your quote will be.

Why should I choose Sharp Insurance for my Edmonton car insurance?

Here are just a few reasons why you should choose Sharp Insurance for your Edmonton auto insurance: 

We’re independent.

We partner with insurance companies – but we work for you.

We’re competitive.

We offer you varied auto insurance premium quotes for your vehicle because we’ve secured relationships with many large insurers in Canada.

We’re experts.

Our staff is experienced and never stops learning. We can answer all your questions and help you with claims. 

We’re digital.

Our MySharp app and online portal helps you manage your insurance when and where it’s convenient for you. 

See for yourself what we can do for you.

 

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Is car insurance mandatory in Edmonton?

Yes, third-party liability and accident benefits car insurance is mandatory in Edmonton and covers damage and injuries to others if you’re at fault in an accident. We highly recommend you carry between $2 million to $3 million dollars of third-party liability coverage, which is well above the minimum requirements in Alberta. Keep in mind if your car is financed, your lender or bank requires you to have collision and comprehensive coverage. Otherwise, your insurance needs will depend on your car, your budget, and your individual situation.

 

Mandatory Coverage:

  • Third-Party Liability Coverage:  Helps pay for injuries and damage you cause to others. If you get sued, this coverage will help pay for legal expenses.
  • Accident Benefits Coverage:  If someone gets hurt in an accident, the driver will receive income replacement, rehabilitation, and medical benefits.  It doesn’t matter who is at fault.
  • Direct Compensation for Property Damage:  If you’re not at fault in an accident, coverage is available for loss of use and damage to your vehicle and its contents.

 

 

 

Did you know?

On average, Edmontonians have at least 2 discounts on their car insurance policy.  

Explore more: 

How to Save Money on Car Insurance

 

 

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What are the optional coverages for auto insurance in Edmonton?

There are several different types of optional car insurance you can carry in Edmonton.

Collision

Helps cover the cost of repairing or replacing your car if you’re at-fault in an accident

Comprehensive

Covers the expense of repairing or replacing your car if it gets stolen or damaged by hail, vandalism, or a fire.

Emergency Service Expense

Helps cover the cost of towing services after an accident or claim.

Emergency Roadside Assistance

Some insurance companies offer roadside assistance as part of the auto insurance policy.

Family Protection

Helps cover expenses if you or your family are hurt in an accident and the person at-fault is under-insured or uninsured

Glass

Helps pay for the cost of repairing or replacing your car’s glass, such as a damaged windshield.

Loss of Use

If you make a claim on your car insurance in Edmonton, you can get money for transit, Uber, or a rental car while your car is being repaired or your claim is settled.

Rental Vehicles

Extends your car insurance coverage to rental cars in the U.S. and Canada.

Ride-Sharing

If you plan to drive for a ride-sharing company, you need this type of endorsement to ensure you’re covered while you’re driving.

 

 

Did you know?

In Edmonton, the average cost of car insurance for a 2019 vehicle is $1,735 per year, or $144.58 per month, compared to a 2005 car which will cost you $1,193 annually and $100 per month. A savings of $542 a year.

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How much does car insurance cost in Edmonton?

The average cost of auto insurance in Edmonton is $1427 per year, or $118.92 per month – one of the highest rates in Alberta. Edmonton’s rate is slightly higher than Calgary’s rate of $1420 and the province’s average annual rate of $1235.

If you’re on a budget, the cheapest car type to insure in the city is a minivan or station wagon.

Car Insurance Prices for 5 cars:

  • $1626 – 2015 Ford F150 XLT Supercrew 4WD
  • $1923 – 2017 Ford Escape SE 4DR 4WD
  • $1394 – 2012 Dodge Grand Caravan SE
  • $1642.50 – 2016 Nissan Rogue S 4DR AWD
  • $1148.50 2003 Toyota Corolla CE 4DR

 

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What affects the cost of auto insurance in Edmonton?

10 factors that affect car insurance rate in Edmonton:

  • Your insurance history
  • Your claims history
  • Your driving status 
  • Where you live 
  • Age, marital status
  • If you commute or use your car for work
  • The distance you drive each year 
  • If there is another driver on your policy 
  • The make, model and year of your car 
  • The MSRP or purchase price of your car 

Did you know?

The make, model and year of your car affect Edmonton car insurance premiums cost. Get multiple insurance quotes to see how much it will cost you before you buy a new car. A more sturdy car might get you cheap car insurance.

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Explore more:

How do tickets impact Edmonton auto insurance?

Your driving record goes into account when calculating the factors affect car insurance premiums. Tickets can impact your Edmonton car insurance quotes significantly. In some cases, you may even see your coverage and payment options reduced and get cheaper car insurance. Insurance companies generally categorize tickets into three categories: minor, major, and serious traffic violations.

A minor traffic violation can spike your Edmonton car insurance rates by 25 percent per ticket. Many insurance companies forgive the first infraction, but often tickets will stay on your record for 3 years and impact your rates.

Minor Traffic Tickets

  • Speeding 1 – 49km/h + over the limit
  • Following too close
  • Improper passing
  • Improper turn
  • Hogging the roadway

Serious traffic violations have consequences:  your Edmonton car insurance prices can rise significantly, and you’re more likely to have issues when you pursue optional car insurance coverage or you want a convenient payment schedule.  

Major Traffic Tickets

  • Speeding 50km/h + over the limit
  • Dangerous driving
  • Racing
  • Stunting
  • DUI or distracted driving

How to Get the Cheapest Car Insurance in Edmonton

You may be surprised to find out there are many ways to reduce your insurance rates, some that are easy to change.  

11 tips to get the cheapest auto insurance rates in Edmonton: 

  • Drive safe. Use defensive driving techniques.
  • Use winter tires when the temperatures get consistently below 7C. 
  • Use alternate transportation for your commute.  
  • Stay insured – gaps mean higher rates – and pay on time. 
  • Work on improving your credit score if it’s an issue.  
  • Don’t make a claim unless it’s necessary.  
  • Take a driver training course. 
  • Review your insurance at least once a year with an insurance broker.
  • Reduce coverage on older vehicles.
  • Don’t make a claim unless you really can’t afford to fix the damage on your own.
  • Take a driver training course.
  • Install approved security devices.
  • Be aware of insurance fraud and scams.
  • Try usage-based insurance.
  • Choose a higher deductible.

Read more: 10 ways to save money on your car insurance.

 

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Did you know?

On average, a motorist with zero claims will pay about $1398 for their car insurance in Edmonton. A person with 3 claims will pay an average of $1494 a year, or $125 a month.

What do you need to get an auto insurance quote in Edmonton?

It’s wise to have your personal information at your fingertips before you contact your insurer to call to get an insurance quote in Edmonton:

  • Name
  • Contact information
  • Address
  • Make, model and year of your vehicle (or VIN)
  • Purchase price of the car
  • Registration
  • Driver’s license number
  • Birthdate
  • Current insurance company, policy number and coverages

If your car is financed, you’ll also need to provide information about the loan and lender. You’ll need the above information for each car and insured driver.

You’ll also likely be asked the following questions when getting an auto insurance quote in Edmonton:

  • Do you commute with your car? If so, how far?
  • Do you use your car for work (other than commuting)?
  • Are you a ride-sharing driver?
  • Was your vehicle bought new or used?
  • Is your car financed?
  • Does your vehicle have any existing damage?
  • Have you been in any accidents in the last six years?
  • Have you have had any claims?
  • Have you gotten any tickets in the last three years?

Finally, you’ll need to make some decisions about your insurance coverage. This includes what protection you want, your policy limits (the maximum amount that you’ll get if you have a claim) and your deductible (the amount you pay out of pocket if you have a claim). 

 

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Did you know?

  • If you’re a new driver, you’ll pay a significantly higher auto insurance premium than if you have 10+ years of driving under your belt.
  • You may be excused on your first ticket infraction, depending on your insurance company’s discounts. Ask your broker or insurer to see if you qualify.
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Why do I need to provide so much information for a car insurance quotes in Edmonton?

The more information you provide for an auto insurance quote, the more accurate your quote will be. Insurance companies price based on risk — or how likely it is that you’ll have a claim or accident.

How do car insurance claims work in Edmonton?

Whether you’ve been in an accident, your car is damaged, or it’s been stolen, follow these steps for filing a car insurance claim in Edmonton:

  1. Make sure everyone is okay. Call 911 if there are any injuries, damage, or you’re blocking a roadway.
  2. Make sure you’re somewhere safe (the shoulder of the road or a parking lot).
  3. Get the following information about all other drivers and vehicles involved:
    1. License plate
    2. Make, model, and year of the vehicle (the VIN works, too)
    3. Insurance information like insurance company and policy number.
    4. Driver’s license number
    5. Name
    6. Phone number
  4. If there are witnesses, get their contact information.
  5. Document the damage, if possible.
    Take pictures and video.
    You should also write down:

    1. What happened/how the damage occurred
    2. Time of day
    3. Date
    4. Weather conditions
    5. Anything else related to the damage.
  6. Get a copy of the police report.
  7. Contact your insurance company or broker (phone number is on your pink card).

Your insurance company or broker will collect information and help you through the next steps. For example, if you have a loss of use coverage, they’ll explain how arranging a rental car or getting repayment for public transit works if your car doesn’t work or needs to go in for repairs.

You’ll be assigned a claims adjuster who investigates and manages the claim. The adjuster will contact you to discuss what happened and keep you updated. The adjuster also negotiates for a settlement, whether your car is being repaired or if it’s a write-off.

A claim is closed when the repairs are complete or payment has been settled.

 

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FAQ’s About Car Insurance in Edmonton

Many factors affect insurance rates, like location, car size, vehicle type, driving record, and more. On average, it costs about $1427 to get Edmonton car insurance.

You can reduce auto insurance premiums if you drive responsibly and follow all safety rules. Moreover, if you pay your monthly deductibles on time, only submit claims when necessary, and install safety devices for protection, you may get a affordable car insurance quotes price.

Read more: 10 Ways to Lower Your Car Insurance Rates in Alberta

If you’re in an accident with an uninsured driver in Edmonton, you’ll be covered if you have Family Protection on your car insurance policy. You may also have coverage if you have collision and comprehensive protection on your vehicle.

Otherwise, you would go through Alberta’s Motor Vehicle Accident Claims Program.

Yes, fault matters in car accidents in Edmonton as fault determines which driver’s insurance company pays for injuries or damage. Fault isn’t always assigned 100% to one driver.

No, Personal items are not covered by your car insurance policy. If stolen, they are covered by the home insurance policy.

All car owners in Edmonton are required to have car insurance. Drivers are legally required to carry third-party liability, accident benefits, and direct compensation for property damage auto insurance coverage.

The insurance industry in Alberta follows the all-comers rule, which means you can’t be denied the legal minimum level of car insurance. However, the insurance company can select the rate of your car insurance and deny you optional coverage in case you have a serious traffic conviction or a history of not paying on time.

The all-comers rule is a rule followed by insurance companies operating in Alberta that dictates they have to insure any driver for the legally required minimum level of coverage.

Read more: Do you know all auto insurance coverage?

Grid rating is the metric insurance companies use to determine the car insurance rates for Edmonton drivers based on their driving history.

No, photo radar tickets don’t affect your car insurance rates.

Yes, speeding tickets are a factor that goes into play when determining your car insurance rates in Edmonton. The insurance rates will go up if you get a speeding ticket – Unless it’s a photo radar ticket. The good news is, first tickets may be excused by some insurance companies based on good behaviour.

Your car insurance coverage depends on the insurance options you chose when you set up your policy. Mandatory third-party liability and accidents benefits coverage will help cover damage and medical expenses of other drivers and passengers involved in an accident where you’re at-fault. Mandatory coverage can also cover legal expenses if you’re sued after an accident.

No. Men and women pay similar insurance premiums in Edmonton.

Replacement cost is a loss settlement option where you’ll receive the replacement cost of your vehicle if it’s a write-off after a loss. The replacement cost becomes the price to get the same or very similar car.

Actual cash value is a loss settlement option where you’ll receive the market value or purchase price of your car, minus the depreciation, if it’s a write-off after an accident. It’s the price you’d get if you had sold your auto as-is right before the claim.

Yes, your Edmonton car insurance covers you when travelling south of the border. Make sure to notify your insurance company when driving in the US. Some companies require getting informed when you are in the US or may limit the days you’re covered in the US.

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