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When you find the best quote, secure your Edmonton auto insurance rate by talking to a licensed broker or agent.

We can help you find cheap car insurance quotes in Edmonton.

Edmonton drivers pay more for car insurance than drivers from any other major Alberta city.

The average cost of car insurance in Edmonton is almost 85% more than the provincial average, according to LowestRates.ca’s user database.

Luckily, you can find a cheaper rate.

Comparing the auto insurance market can help you find savings.

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Not ready to compare car insurance quotes yet? Read on to learn more about shopping for cheap auto insurance quotes in Edmonton.

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See how our customers save big on auto insurance.

CustomerLocationVehicleLowest rateAverage rateSaved
Quote from December 05, 2021
Customer
Male, 21 years old
Location
edmonton
Vehicle
2012 DODGE/RAM TRUCK/VAN RAM 3500 LARAMIE CREW CAB 4WD DIESEL
Lowest Rate
$497/mth
$5,960/yr
Average Rate
$800/mth
$9,596/yr
Saved
$303/mth
38.00%
Quote from December 05, 2021
Customer
Male, 18 years old
Location
edmonton
Vehicle
2008 HONDA ACCORD EX-L 2DR
Lowest Rate
$335/mth
$4,019/yr
Average Rate
$519/mth
$6,227/yr
Saved
$184/mth
35.00%

Focus on

Driving in Edmonton

Most popular cars in Edmonton

When it comes to cars, Edmonton drivers’ preferences cover a wide range of auto brands. According to LowestRates.ca data, here are the top five brands preferred by drivers in Edmonton:

Popular Brands

  1. Toyota
  2. Honda
  3. Ford
  4. Dodge
  5. Mazda

Who shops for auto insurance quotes in Edmonton?

Based on our data, here's who's shopping for car insurance quotes in Edmonton.

Gender of our users

Male
63%
Female
37%

Average Age

34

years old

Tickets & Accidents

Have Tickets
22%
Have Had Accidents
20%

What can I do to get cheap car insurance in Edmonton?

It's easy — if you know how. Here are some of the best ways to lower your auto insurance premiums:

Shop around

We'll show you the most competitive rates from all the top insurers. Now you can compare quotes all in one place.

Buy the right coverage

Avoiding extra frills in your policy and paying for only the coverage you need will lower your premiums.

Drive responsibly

Your driving record impacts your rate. Fewer infractions and fines equals cheaper insurance.

Pay on time

Prompt payments can save you money on late fees and lower your premiums. Insurers love a good customer.

Bundle up

Adding a house, motorcycle, RV, or other type of insurance policy to your car insurance plan can lower your rates.

Be safe, not sorry

Safety features like winter tires and alarm systems can help reduce your insurance premium.

Stick with one insurer

Most auto insurance companies give special discounts to customers who stay with them for a number of years.

Take a course

A defensive driving course makes you a better driver and can significantly reduce your car insurance premiums.

Keep driving

The math is clear: more experience on the road equals lower car insurance premiums. Young drivers almost universally pay higher rates for car insurance. While it’s difficult for new drivers to secure cheap car insurance rates, you may be able to lower your rates by maintaining good grades and attending driving school.

Look at location

Where you drive affects your premiums. Some areas are associated with higher rates of car accidents and theft.

Choose the right car

Cars with high crash-test scores, low theft ratings, and less powerful engines tend to have cheaper insurance rates.

Track your driving

With a usage-based car insurance policy, you can turn your low-risk driving habits into lower premiums.

Your questions about Edmonton car insurance, answered.

 

How much is the average cost of car insurance in Edmonton?

As of early 2020, the average car insurance quote in Edmonton is $2,436.68, according to LowestRates.ca’s user database. That’s an 85% increase from the Alberta average of $1,316. Edmonton has the highest average car insurance rate of all the major cities in Alberta.

How do Edmonton car insurance rates compare to other cities in Alberta?

We’ve ranked the top six cities with the highest car insurance rates in Alberta and benchmarked the average price in those other cities with Edmonton’s to see how they compare. The result? Edmonton beats out all other Alberta cities — and not in a good way.

  1. Edmonton
  2. Calgary (5% lower)
  3. Fort McMurray (15% lower)
  4. Red Deer (23% lower)
  5. Lethbridge (23% lower)
  6. Airdrie (26% lower)

Which Edmonton postal code has the highest average car insurance premium?

The Edmonton postal code with the highest average car insurance premium is the T6T region.

The neighbourhoods of Laurel, Silver Berry, Wild Rose, Larkspur, and Maple are contained within this postal code.

Its boundaries are Whitemud Drive NW to the north, 34th, and 32nd Streets NW to the east, 15th Avenue NW to the south, and 17th Street and Anthony Henday Drive to the east.

Residents in the T6T postal code pay on average 13% more than the Edmonton average, which is already the highest in the province.

Which Edmonton postal code has the lowest average car insurance premium?

The Edmonton postal code with the lowest average car insurance premium is the T6C region.

The neighbourhood of Bonnie Doon, Strathearn, Holyrood, Idylwylde, and Cloverdale are contained within the postal code.

Its boundaries are 98 Ave. NW in the north, in the east it follows the path of Mill Creek and continues on to 97 St. NE, rejoining with Mill Creek again in the south, and is closed off in the west by 75th St. NW.

Residents in the T6C postal code pay about 18% less than the Edmonton average for car insurance.

Why is auto insurance expensive in Edmonton?

Drivers in Edmonton pay 85% more than the average cost of the auto insurance premium in Alberta, which is $1,316 according to the Insurance Bureau of Canada.

We don't know exactly why automobile insurance in Edmonton is so much higher than the provincial average. However, we see that a high percentage of our Edmonton users have tickets and accidents on their driving record: 22% and 20% respectively. The main driver of rising prices are claims.

The more frequently an insurance company pays out claims to policyholders within the same region, the more car insurance premiums will go up for all the drivers in that area.

And in general, larger cities also tend to have higher auto insurance premiums. With just under a million people, Edmonton has a population that’s comparable to Calgary, the province’s largest city.

Plus, there are slightly more cars than people in Edmonton: 981,361 registered vehicles and only 972,223 residents. It works out to a ratio of 1:1.

Numbers like that support the insurance industry’s view that collisions, theft, and vandalism are all more likely in major cities.

Car insurance prices for Edmonton drivers are also going to rise even more.

Auto insurance in Edmonton is also priced according to the Automobile Insurance Rate Board (AIRB) grid, which enforces caps on the maximum amounts that auto insurance companies can charge drivers for basic auto insurance policies. Insurers must charge either their own rate or the grid rate for basic coverage — whichever is lower.

Insurance companies can apply to the Board to raise rates, and in the past, they couldn’t apply for more than a 5% increase. In 2020, that cap was lifted and auto insurance providers promptly raised premiums by as much as 12% on average.

Who offers the cheapest insurance in Edmonton?

Insurance companies tend to not compete with other insurance providers on price. It’s due to the fact that pricing insurance is really complex and the fact that insurance companies need to make sure they have a healthy reserve in order to meet their claims obligations in the future. They need to have a lot of money to stash away, so they’ll push up premiums — just in case.

Car insurance companies are also conservative institutions and they make sure they’re prepared for every scenario that could play out.

They look at your driving and insurance history, the number of claims filed in your postal code, the car you drive, and even your age and gender.

Insurance companies appear interchangeable, but they’re not. Some insurance companies are more likely to favour you than others. And by favour, we mean more likely to offer you a low rate.

Here’s why. Insurance companies are all hedged differently. Some have had to pay out a lot of claims recently, pushing up their average annual premium. The more willing they are to have you as a customer, the lower the rate they’ll offer you. Makes choosing a car insurance company simpler, doesn’t it?

Some car insurance companies exist completely online and claim to pass on the savings from not having a traditional sales force. So, yes, technically, you may be getting slightly cheaper insurance, but it has nothing to do with how it actually costs to insure you.

Plus, do you really want cheap car insurance? Probably not. Rather, drivers in Edmonton want affordable car insurance that also offers the right amount of protection.

Here’s the difference: there are varying levels of coverage you can buy. Edmonton drivers need to have third-party liability insurance to operate a car legally, but you don’t have to buy coverage that reimburses you for the cost of your car should you need to replace or repair it.

Just buying the legal minimum amount of auto insurance will save you money. Sometimes, it’s worth increasing your liability and accident benefits coverage. And on other occasions, it’s good to have collision insurance. Like, for instance, if you buy a same-year model car that you couldn’t possibly pay out of pocket to replace.

All this is to say: it’s possible that your current Edmonton auto insurance company might not give you their best rate upfront. A car insurance broker in Edmonton can help you figure out how much insurance you really need, and comparing rates is the best way to ensure you’re paying the best price.

Where do I get the cheapest car insurance quotes in Edmonton?

There isn’t one insurance company that can offer the cheapest rates on the market to everyone who applies. Insurance just doesn’t work like that.

However, some companies are more likely to offer you a low rate than others, simply because they believe you are a low-risk customer. The definition of low-risk varies by company.

We recommend comparing car insurance quotes to find a better rate. Applying for a quote will also yield an accurate price. Car insurance calculator tools geared for Edmonton drivers require less information, but this also makes them less accurate. On LowestRates.ca, you’ll see what multiple insurance companies are willing to offer you, which should give you a sense of what the market looks like for a driver with your driving history.

Sometimes there’s a big variance in price, especially when you compare the lowest and middle range quotes.

Which Edmonton insurance providers does LowestRates.ca work with?

We quote over 75+ Canadian insurance providers.

What factors determine my car insurance rates in Edmonton?

The way insurance companies price car insurance premiums is incredibly complex. Before giving you an estimate, Edmonton car insurance providers will look at several factors:

  • Your age - Young drivers pay the highest car insurance rates. It’s the same thing in every province. Insurance prices tend to drop off after age 25 and continue to fall through to age 30. This is why cheap car insurance for new drivers in Edmonton, along with other Canadian cities, can be hard to find (Learn more about shopping for car insurance for students in Edmonton.)  ​​This isn’t the only way your age can impact your car insurance. Adults between the ages of 50 and 70 get some of the lowest car insurance rates in Toronto. If you belong to this demographic, you probably have a long history of being insured and you might even have bundled your home insurance policy with the same provider of your auto insurance.  After age 70, though, you might see your rate begin to creep up because people in your age group are more statistically more likely to need to file a claim and need longer to recover from an injury. Therefore, car insurance rates for seniors in Edmonton, and other Canadian cities, can also be more expensive.
  • Your driving history - Insurers like to see a lot of driving experience (typically eight years or so). They reward long-time drivers who are conviction and claims-free with lower rates. This factor also makes it harder for new drivers in Edmonton who need car insurance to find affordable rates. In addition, if you’ve been deemed a high-risk driver and you need car insurance in Edmonton, your driving history may become an obstacle to obtaining a cheaper rate. Click here to learn more about high-risk car insurance quotes for Edmonton drivers
  • Your insurance history -Missed a car insurance payment? Your insurance premium will go up at renewal. Insurance companies give preference to customers who always pay on time and have no gaps in their insurance history. An absence of insurance history can also impact your rates. For example, rates for car insurance for new immigrants in Edmonton may be higher due to their lack of insurance history in Canada. Providers have little way of knowing whether you have a history of making payments on time. 
  • Your postal code -Insurance companies also rely on postal code regions to price auto insurance. Some postal code regions pay more in insurance than others because customers within that region are more likely to file a claim. That includes situations such as theft, vandalism, and collisions.
  • Your mileage - Insurance companies will ask you how many kilometers you drive each day. The longer your commute, the more time you spend on the road, which increases the probability that you’ll be involved in an accident.
  • Your car - Insurance companies have figured out a way to judge which car model is more likely to be involved in a collision, regardless of driver behaviour.

What types of car insurance are available in Edmonton?

Third-party liability and accident benefits - This is a basic auto insurance policy, You must carry this type of insurance to legally operate a car in Alberta. It protects your liability should you injure someone else in a collision and pays for your medical costs. You must have liability and accident benefits worth at least $200,000. Over 98% of vehicles in Alberta are insured for at least a $1,000,000 limit of third-party liability, according to the Automobile Insurance Rate Board (AIRB).

Collision - Covers costs if your car is damaged in a collision.

Comprehensive - Covers costs if your car is damaged by things other than a collision, including theft, vandalism, or falling objects.

Specified perils - Protects your car from insurable risks that you specify you want in your policy. If it’s not written in the policy, it isn’t covered.

All perils - A hybrid between collision and comprehensive insurance. Offers coverage if your car is damaged in a collision or by any other insurable risk.

You can customize your car insurance quote to reflect any type of coverage.

What impacts your car insurance premiums in Edmonton? 

  • Traffic and Congestion: There are more cars than people in Edmonton: 981,361 registered vehicles and 972,223 residents. Major cities with higher levels of traffic and congestion tend to have higher rates of collisions. Insurance companies take this into account when calculating your rate.
  • More drivers on the road:  Furthermore, the car is the main mode of transportation for Edmontonians. More than 500,000 people reported driving to work or school, according to the 2016 National Household Survey. According to the 2016 National Household Survey, Edmonton residents spent as much time commuting to work as did residents in Canada’s other major metropolises. As a result, Edmonton is also home to some of the most congested highways in the country — especially during rush hour in the north end of the city, where St. Albert Street becomes gridlocked for hours. The more crowded the roads, the higher the probability of collisions. Unfortunately, this means residents are likely to pay higher car insurance premiums. 

More tips for reducing your car insurance premiums in Edmonton

  • Bundle your home and car insurance together: This allows many drivers to access more discounts from your insurance company. You can select this option when filling out a quote on LowestRates.ca. A broker or agent will get in touch with you to help you secure your rate and will also work with you to see if you’re eligible for any additional discounts. 
  • Drive safely and follow the rules of the road: One of the biggest factors that impact your car insurance premiums is your driving history. Keeping a clean driving history by avoiding speeding and traffic tickets will help you secure a great rate. Be especially careful in Edmonton school zones, which have a speed limit of 30km/h. It’s areas like these where drivers are especially prone to speeding tickets. 
  • Buy winter tires: In snowy Edmonton, winter tires are a must. It snows a lot in this city, with storms dumping up to 30 cm at a time in mid-winter, and the snow starts earlier and ends later than it does in more temperate parts of the country. The city's been known to get snowfall as early as August and as late as June. Buying winter tires can help reduce your car insurance rates while reducing your risk of an accident. 
Jessica Vomiero

Jessica Vomiero

About the Author

Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.

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