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Driving in Red Deer.

Most popular cars in Red Deer.

One thing that factors into how much you’ll pay for car insurance is the type of car you drive. Depending on the rates of theft and accidents for that particular vehicle, your rate might be affected. Here are the most popular cars in Red Deer among online auto insurance shoppers.

Popular Brands

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

Who shops for auto insurance in Red Deer?

The people of Red Deer are diverse, which means that car insurance premiums can fall into a wide range. Here’s a snapshot of who’s shopping for car insurance in Red Deer, from gender, to age, to driving history:

Gender of our users

Male
58%
Female
42%

Average Age

34

years old

Tickets & Accidents

Have Tickets
26%
Have Had Accidents
17%

Your questions about Red Deer car insurance, answered.

How much is car insurance in Red Deer?

There is no standardized cost for car insurance in Red Deer. This is because car insurance is customized to your specific circumstances and driving history. Several different factors are considered when calculating your premium, which means that your rate will be unique to you. Some are in your control — such as your driving history — while many of them are not — including the loss ratios of the car insurance company in Red Deer you’ve selected. Car insurance calculators geared for Red Deer drivers require less information, but this also makes them less accurate. Keep reading for more information on how to estimate your car insurance costs in Red Deer.

Which Red Deer postal code has the highest premiums?

The postal code with the highest average automobile insurance price in Red Deer is T4P. This area includes a lot of nature and green space, including Discovery Canyon, Geetz Lakes Migratory Bird Sanctuary and Three Mile Bend.

Which Red Deer postal code has the lowest premiums?

The T4N region pays the lowest prices for car insurance in Red Deer, according to data pulled from LowestRates.ca. In this district, you’ll find the Red Deer Golf and Country Club as well as Red Deer College. In addition, you’ll also find the Red Deer Regional Hospital Centre.

How do Red Deer car insurance quotes compare to other cities in Alberta?

Cheap car insurance isn’t easy to find anywhere, and Red Deer is no exception. To give you an idea of what Canadians pay for car insurance in different Alberta cities, we pulled data from the LowestRates.ca database and crunched the numbers.

The most expensive cities to purchase car insurance in Alberta, starting with the highest, are:

  1. Edmonton
  2. Rocky Mountain House
  3. Camrose
  4. St. Albert
  5. Calgary

Red Deer isn’t in the top five most expensive cities in Alberta to purchase car insurance. If you keep reading, you’ll notice that it isn’t in the list of the top five cheapest cities, either. This means that residents of Red Deer still need to keep their eyes peeled for a great car insurance rate.

See below for a list of the Alberta cities that pay the least in car insurance, starting with the lowest.

  1. Cochrane
  2. Parkland County
  3. Hinton
  4. Ponoka
  5. Medicine Hat

Our team decided to pull this data because where you live can have an impact on how much you’ll pay in car insurance premiums. It’s important to note though, that this isn’t the only factor. Your car insurance rates can also be affected by your age, driving history and driving frequency, along with a number of other things.

There are some things you can do to secure an affordable car insurance rate in Red Deer. Some of the factors within your control include maintaining a solid driving history with few or no tickets or accidents, choosing a vehicle that has a high safety rating and a low rate of theft, taking a defensive driving class, etc.

Despite this, a number of factors are not in your control. These can include things like where you live, your age, your gender, and the loss ratios of the insurance company you’re working with. These are calculated using the claims histories of that company’s other customers.

As you can see, insurance is a complex product and finding a cheap rate isn’t nearly as easy as it might sound. We recommend focusing on the factors you can control, mainly driving safely and making payments on time. And, make sure you compare the market to ensure you’re getting a competitive rate.

What factors determine my car insurance quotes in Red Deer?

There are a number of factors that determine your car insurance rates in Red Deer. Here are some to consider:

Your licence level: Not having a full licence will cause your premium to be higher. Conversely, having a full licence has a positive effect on your car insurance rates. New drivers looking for car insurance in Red Deer should expect higher rates due to this.

Your mileage: How much you drive every day is another major contributor to what you’ll pay for auto insurance. Someone that drives 30-45 minutes to and from work each day will pay more in car insurance than someone who only uses their car to run the occasional errand.

Your postal code: Insurance companies determine your rates partly based on the postal code region in which you live. If your area generally has a higher concentration of claims, you may find yourself paying higher rates than people living in the next postal code over.

Your driving record: Your driving history is another factor that will weigh heavily on how much you pay for car insurance. Someone with an accident or multiple tickets on their driving record will pay more for insurance than someone with a clean record, as they’ll be deemed higher risk. Having little driving experience (fewer than 10 years), previous claims, or driving convictions (or a combination of the three) will push your car insurance rates up. For this reason, car insurance rates for high-risk drivers in Red Deer will be higher than the average rate.

Your age: Like it or not, the younger you are, the more you’ll pay in car insurance (until you’re about 30). This is because you’re considered a high risk driver until you’ve built up enough of a driving history to demonstrate the opposite. There isn’t much you can do about it, but at least you’re not alone. Young people across Canada contend with higher auto insurance rates than the more experienced drivers they share the road with. This is another reason insurance companies are hesitant to give new drivers in Red Deer looking for car insurance a cheap rate.

However, being young isn’t the only way age can impact your car insurance rates. Adults between the ages of 50 and 70 get some of the lowest car insurance rates in Canada. 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 as your auto insurance. After age 70, though, you might see your rate begin to creep up because people in this age group are statistically more likely to need to file a claim and need longer to recover from an injury. Competitive car insurance rates for seniors in Red Deer may be harder to find for drivers above 70.

Your policy: How much you pay for auto insurance is impacted by how much coverage you buy. There are a number of different policies to choose from in Red Deer, but everyone in Canada is required to have at least a basic level of car insurance.

Your insurance history: In addition to having a poor driving history, your insurance history can also play a role in determining your rates. If you’ve filed multiple claims or have a history of missing payments, you may be given a higher rate. Furthermore, new immigrants looking for car insurance in Red Deer may also face challenges because they have no Canadian insurance history at all. However, the fallout from this can be mitigated if you can provide proof of insurance from your previous car insurance company.

Having a consistent income: Having a regular source of income indicates to insurance companies that you’ll be able to make regular payments. This is also why students looking for car insurance in Red Deer may face challenges securing an affordable rate.

What kind of car insurance do I need in Red Deer?

Third-party liability and accident benefits - You must carry this type of insurance to legally operate a car in Alberta. This type of basic car insurance policy protects your liability if you injure someone else in a collision. It also pays for your medical costs. You must have liability benefits worth at least $200,000 and accident benefits worth at least $50,000.

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.

Where do I get cheap car insurance quotes in Red Deer?

We’ve already talked about why car insurance is such a personalized product. This is also why there isn’t one provider who offers the cheapest rates to all its customers. In fact, it’s almost safe to say that no two car insurance premiums are exactly alike.

A wide range of factors are considered when insurance companies are calculating your rate. Some of these factors, such as your driving history, are in your control. Others, such as the underwriting standards of the company you’re working with, are not in your control. If you’re having trouble finding a rate you’re happy with, we recommend taking a few minutes to fill out a quote.

Here are some things that might impact your car insurance in Red Deer:

  • Congestion: Traffic and congestion are one of the most frequent causes of collisions, which can in turn increase your car insurance premiums. This is important for drivers, as Red Deer's rapid growth over the past decade led to more traffic than some of the roads were designed to handle. Keep an eye out on Red Deer's busiest intersection; the corner of 100 street and Highway 40. More than 5,000 vehicles pass through it every day. As Red Deer is the midpoint between Calgary and Edmonton as well as a key stop for drivers heading to Alaska, traffic can be tricky to navigate at times.
  • Weather: In Red Deer, winter comes early and stays for a long time. As weather can be a factor when insurance providers consider your car insurance rates, this is definitely something to keep in mind for Red Deer residents.
  • Reliable public transit: While the existence of a public transit system won’t have a bearing on your rates, whether or not you use it will. Mileage is one of the primary ways car insurance providers calculate your rates, so don’t forget about public transit.

Tips for reducing your car insurance premiums in Red Deer:

  • Buy snow tires: Not only are snow tires essential for safely navigating Red Deer's roads between the months of October and April, but they can be a great way to get a discount on your car insurance premiums. Make sure to check with your car insurance provider to see how much of a discount you qualify for.
  • Take public transit: Remember that great public transit system we mentioned? One great way to save on your car insurance is to reduce how much you drive by using it.
  • Bundle your home and car insurance: Most insurance providers will give you a discount for holding more than one insurance policy with them. If you’re already a homeowner in Red Deer, talk to your home insurance provider about bundling your car insurance policy.

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