
How a gap in your car insurance history can affect your rate
This article has been updated from a previous version. Insurance companies take a lot of varia...
Find how much you’ll pay each month with our Alberta auto insurance calculator.
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First, we need to know about you and your vehicle. It only takes 3 minutes, and it’s 100% confidential.
Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.
When you find the best quote, secure your Alberta auto insurance rate by talking to a licensed broker or agent.
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:
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 multiple quotes from Canadian car insurance companies in just three minutes.
See how our customers with collision coverage save big on auto insurance.
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Economical Insurance, Gore Mutual, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company
Our Alberta car insurance premium calculator tool will ask you questions in the following three categories:
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:
Just remember:
Next, you’ll be asked about your driving history and other personal details.
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:
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:
Bonus savings tips:
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:
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.
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.
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.
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.
Zandile Chiwanza
About the Author
Zandile is a Personal Finance Writer at LowestRates.ca. Before joining the team Zandile worked as the content editor for Real Estate Management Industry News. As a self-proclaimed budget warrior, Zandile dedicates most of her time to advocating for financial wellness.
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