Alberta car insurance calculator.

Find how much you’ll pay each month with our Alberta auto insurance calculator.

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How our Alberta car insurance calculator works

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Use the car insurance calculator in Alberta, Canada to save money

LowestRates.ca's free, no-obligation vehicle insurance calculator helps Alberta drivers save hundreds of dollars annually on car insurance

How? By providing them with accurate car insurance policy estimates.

To provide an estimate, our Alberta car insurance calculator requires you to provide details about yourself and the vehicle you're insuring.

Most car insurance calculators don't ask for enough information to make the process faster. But a quick process doesn't necessarily provide the best results.

Generally speaking, the more questions asked, the more accurate the quote. Answering the questions accurately is also key to obtaining an accurate quote.

Here's a preview of the kind of questions you'll be asked:

  • Your age and gender
  • The make and model of your car
  • Your current license level and the month and year you received it
  • Where the vehicle is parked overnight
  • The total kilometres you drive each year
  • And a few more to get you the most accurate — and lowest — price

If you don't have your details readily available, do your best. You can always update your information with our insurance partners later on. Just be aware that your rates could change if you’re too far off.

To get your rates now, just enter your postal code above and click on the ‘Get Started’ button. You will get 30+ quotes from Canadian car insurance companies in under three minutes.

Alberta car insurance calculator instructions

Alberta car insurance calculator overview

Our Alberta car insurance premium calculator tool will ask you questions in the following three categories:

  1. Vehicle information
  2. Driver information
  3. Discount information

Step 1: Vehicle information

When you apply for an auto insurance policy, you will be asked details about the vehicle(s) you want to insure. Here’s what you’ll need to know:

  • Vehicle year
  • Vehicle make
  • If the vehicle is leased
  • Vehicle purchase date
  • If the vehicle has winter tires
  • Where the vehicle is parked overnight
  • The primary use of this vehicle
  • How many kilometers are driven to work or school one way (each day)
  • Total kilometers driven each year
  • Whether you would like your insurance to include comprehensive and/or collision coverage

Just remember:

  • The type of car you drive plays a role in determining your rates.
  • Where you park can affect your rate. Parking in a safe area or a private, covered garage can help you save money.
  • Including comprehensive car insurance in the Alberta comparison calculator tool will raise the cost of insurance. But comprehensive car insurance may be a good option if you can’t pay out of pocket for expenses: it entitles you to a cash settlement if your car is declared a total loss. If you want to save money, remove the coverage.

Step 2: Driver information

Next, you’ll be asked about your driving history and other personal details.

  • Your first name
  • Your marital status
  • Your date of birth
  • Your gender
  • Your occupation
  • Your licence level and the date which you were first licenced
  • Whether you've ever previously held a full licence elsewhere in Canada or the U.S.
  • The date you were first listed as a driver on an insurance policy in Canada or the U.S.
  • How long you've been with your current insurance company
  • If you've had an insurance company cancel your policy in the past three years
  • If you've had any time without insurance coverage in the past three years
  • If you've had any suspensions in the past three years
  • If you've had any tickets (not including parking) in the past three years

If a second driver is going to be using the car, add a secondary driver to our form. Click the ‘Add Driver’ tab on the page and add the details about their driving history too.

Tips on how to answer these questions:

  • If you have an insurance history from another province or country with a similar driving environment, get documentation of it from your previous insurer. Your Canadian insurance company will review your history and this might help you secure a cheaper premium and save money.
  • Get a full license. Inexperienced drivers pay higher than average car insurance premiums.

Step 3: Discount information

In the final section, you'll answer questions to see if you qualify for additional discounts.  This will reduce your car insurance premium quotes and ultimately save you money.

Be prepared to answer the following:

  • Whether you plan on bundling multiple policies (e.g. home, tenant, or condo insurance) with the same company (this can net you a discount of between 10-15%).
  • Whether you would install an app on your phone that scores your driving habits (for a discount up to 30%).

Bonus savings tips:

  • Improve your credit score. When retrieving quotes, insurance companies in Alberta are allowed to ask drivers about their credit rating. Alberta is one of two provinces where credit rating is used in quoting and can provide discounts if the consumer has a good credit score. The good news is they can’t do it without your consent and you can decline. But if you have a good credit score, take advantage of this discount to save money.
  • Other discounts available to Alberta drivers include loyalty discounts, retiree discounts, student discounts, multi-vehicle discounts, and more. Speak to your agent or broker about these or any other discounts you may qualify for.

More Alberta car insurance calculator questions

How to calculate car insurance rates in Alberta and save money

The Automobile Insurance Rate Board (AIRB) regulates car insurance rates in Alberta by approving or denying rate increases. Car insurance companies in Alberta must apply to AIRB for permission to raise rates.

There are several factors that insurance companies use to determine your premiums:

  • Driving and insurance history. The grid system used in Alberta accounts for how many years you've held your licence, the number of claims you've had in the last six years, as well as the number of driving convictions on your record. Your insurance history can also play a role in determining your rates. We encourage new drivers in Alberta to use our car insurance rate calculator to save money. This group may face challenges in finding cheaper premiums.
  • Postal code. Insurance companies use postal code regions to determine insurance rates. Cities tend to have more cars on the road meaning more accidents. On top of this, urban areas have more crime and therefore there are more opportunities for theft. This all results in higher insurance premiums. According to LowestRates.ca data, drivers in Edmonton, Calgary, Sherwood Park and Fort McMurray pay higher insurance premiums than drivers in more rural areas.
  • Your gender. On average, men tend to pay higher car insurance premiums than women in Alberta.
  • Your age. Young drivers pay a lot for car insurance in Alberta. That’s because inexperienced drivers pay higher than average premiums. We recommend that teenagers in Alberta use our car insurance calculator to compare quotes and save money. To save even more, start building up your driving record — the longer you have a record (with no claims or convictions), the cheaper their insurance will be when you apply for your own policy.
  • How you use your vehicle. Do you use your car to commute to work? Insurance companies calculate your insurance premium based on how often you drive. They do this by examining the number of kilometres you drive per year. For Alberta our car insurance premium calculator will automatically generate your mileage.
  • How much coverage you need. Typically, the lower your coverage amount, the lower your premium because you're agreeing to take on more liability. You can save money by opting for a higher deductible and/or consider removing add ons that are not mandatory.

Average cost of car insurance in Alberta

Although the Government of Alberta established a maximum amount that can be charged for basic auto insurance coverage, Alberta has the third-highest average auto insurance costs in Canada. According to the Insurance Bureau of Canada (IBC), the average monthly car insurance policy in Alberta costs $1,1316 per year.

Looking at the average cost of insurance is just the beginning. Use our dependable estimator for car insurance in Alberta to get the lowest rates and save money.

Mandatory car insurance coverages in Alberta

In Alberta, it is mandatory to have third-party liability coverage and accident benefits. You're required to carry $200,000 in third-party liability insurance on your vehicle. In addition, Albertans must carry accident benefits with a value of $50,000.

Optional car insurance coverages in Alberta

Use our Alberta car insurance calculator to find out how much it would cost to add the following endorsements to your car insurance policy.

Collision insurance

Collision insurance pays for damage to your vehicle that’s caused by collision with another object. This type of coverage provides compensation to be put towards a new vehicle if yours is damaged in an accident.

Comprehensive insurance

Covers you against all insurable perils, except damage from a car accident or collision. For example a fallen tree, weather events, explosions, or theft and vandalism, for instance.

Named perils

This endorsement pays for losses caused only by perils you have requested coverage against.

All-perils

This endorsement is a combination of collision and comprehensive insurance, it offers the most coverage.

Other tips on how to save on car insurance in Alberta

Try usage-based insurance. A great way to save on car insurance is to limit the number of kilometres you drive. charges you based on your mileage.

Maintain a good driving history. Insurance companies use individual driving habits to calculate the cost of your premiums. Obeying Alberta traffic laws will help you secure lower insurance premiums and help you save money over time.

Shop around for the best quote. Car insurance rates can vary widely between insurance companies, which is why you need to compare quotes to get the best deal.

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