Alberta Car Insurance Calculator

What is a car insurance calculator? 

Your monthly car insurance bill is a recurring expense that deserves as much attention as gas prices and car loan interest rates.

However, it’s hard to estimate a car insurance premium on your own because insurers don’t offer flat-rate coverage.

Car insurance calculators can help you estimate your insurance premium (the amount you pay for coverage), so that you:

• Have a clear picture of what the market can offer and,
• Don't pick an insurer that overcharges you.

RATESDOTCA’s car insurance calculator shows quotes from 50+ car insurance providers, so you can see which offers your lowest and highest quotes.

Our Alberta car insurance calculator also helps you find savings as you can apply discounts to your quote.

The car insurance calculator will ask for specifics about insurance rating factors to generate your estimate. These include:

• Your address
• How far and often you drive
• Your driving record and insurance history
• The insurance company’s claims policy
• Whether someone else in your household plans on driving the car

Choosing the right car insurance coverage in Alberta 

In Alberta, everyone must buy a standard car insurance policy. You can add a range of optional coverages to customize your policy.  

A standard insurance policy includes the following: 

• Third-party liability insurance (TPL): Provides financial aid when you're at fault for an accident. The minimum you're required to carry is $200,000. TPL pays for bodily injury, property damage, and any legal expenses you may incur. 
• Direct property compensation damage (DCPD): Pays to repair or replace your car if it's damaged in an accident you didn't cause.  
• Accident benefits: Pays non-Medicare medical costs and also covers lost wages.

These coverages are automatically included in your premium estimates. 

In addition to the mandatory coverages, common optional coverages include: 

• Collision: Pays to repair or replace your car if it’s damaged in an accident with another car that you also are responsible for.  
• Comprehensive: Pays to repair or replace your car if it’s damaged by something other than a car collision (falling objects, vandalism, theft, fire, or severe weather, for example). 
• Specified perils: You request coverage against specific perils. If it's not in your policy, you're not covered against it. Specified perils doesn't cover vandalism or glass breakage. 
• All-perils coverage: Combines collision/upset and comprehensive coverage. 

When you unlock your quotes, the insurance provider offering the lowest one will contact you. You can ask the insurance professional whether adding optional coverages is a good idea.

Sometimes more coverage isn't better; if you’re driving a car older than three years, it’s often cheaper to pay for the repair yourself than to file a claim. Plus, your insurance premium will go up after you file a claim on some of these coverages (with the exception of the perils covered under comprehensive insurance).