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How does car insurance work in Edmonton?

How does car insurance work in Edmonton?

Like the rest of Canada, car insurance is mandatory in Edmonton, with the provincial government of Alberta responsible for laying out the specifics.

Alberta laws require that all insurance policies include third party liability insurance, officially called Personal Liability and Property Coverage (PLPD), and also Accident Benefits, which covers medical costs in the event that you get hurt in an accident.

While this is all you need to satisfy the legal requirements of car insurance in Edmonton, you might notice that neither of these coverages offer any protection to your vehicle. For this reason, there are many optional coverages available, with Collision Coverage and Comprehensive Coverage being two of the most common add-ons. Whether you choose to add additional coverage or not, the easiest way to find the best rate on car insurance is to compare quotes.

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How much does car insurance cost in Edmonton?

How much does car insurance cost in Edmonton?

According to the Insurance Bureau of Canada, Albertans face the third highest premiums in Canada:

Provincial averages

  1. British Columbia: $1,680
  2. Ontario: $1,445
  3. Alberta: $1,251

To make matters worse, Edmonton’s premiums are the highest in Alberta, 14 percent more expensive the provincial average. Ouch!

Prince Edward Island and Quebec have the cheapest car insurance, with averages of $796 and $661 respectively. However, unless you are planning to move out east, the best way to save money is to compare quotes on Rates.ca. Our service only takes a few minutes and is completely free to use.

In 2018, Alberta drivers who used Rates.ca saved an average of $409.60 on their annual premium.*

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Edmonton Car Insurance

Edmonton is the northern-most city in North America with a metro population of over one million. Alberta’s provincial capital is the fifth largest city in Canada and a major economic centre best known for its oil and gas industry. It’s also a staging point for large-scale diamond mining operations in the Northwest Territories. While these underlying facts conjure up images of burly bearded men in plaid shirts and work boots, there is much more to Edmonton than its blue-collar industries.

A little bit of Edmonton history

Edmonton was founded 1795 as Fort Edmonton, and it is fair to say it took a while to catch on. By the mid 1890s, there were only 700 people living there. The fledgling community had increased to 8,350 by 1904 and it became the capital of Alberta in 1905. Later that same year, the Canadian Northern Railway (CNR) arrived in Edmonton, and since then, the city has gone from strength to strength.

Today, Edmonton is home to the North America’s largest mall, North America’s largest fringe theatre festival, and less famously, North America’s largest composting facility.

Edmonton’s diversity makes it a hard place to pigeonhole. A point emphasised by how many official nicknames it has. Depending on whom you ask, it is either Festival City, The Gateway to the North, or Canada's Richest Mixed Farming District (we’re not sure that last one will catch on).

Whatever you call it, Edmonton’s growth shows no sign of slowing down. It has been unveiled as one of the host cities for the 2026 FIFA World Cup. This will almost certainly lead to increased federal and provincial investment, in addition to a projected $170-million windfall if they end up staging three or four matches.

It is about time Edmonton received some global recognition. Indeed, this is the birthplace of lovable pot advocate Tommy Chong, nerd heartthrob Nathan Fillion, and 80s time traveller Marty McFly (aka Michael J. Fox).

If the DeLorian from the Back to the Future franchise is still operational, Marty should go back in time and tell people to drive more carefully, because for all its positives, Edmonton has one unwanted record: it has the highest car insurance premiums in all of Alberta.

For this reason, Edmontonian’s should bookmark Rates.ca, and compare quotes regularly from over 30 of Canada’s top insurance providers to find the best possible deal on car insurance.

In 2018, Edmonton drivers who used Rates.ca saved an average of $387.16 on their annual premium.**

Recent Edmonton Car Insurance Quotes

Shopper from EDMONTON, ALBERTA
2014 FORD TRUCK/VAN F150 FX4 SUPERCREW 4WD
Royal & SunAlliance
$1524
per year
Wawanesa Mutual
$1623
per year
Pembridge Insurance Company
$1732
per year
Dominion of Canada
$1957
per year
Range of quotes $433
Shopper from EDMONTON, ALBERTA
2011 CHEVROLET IMPALA LT V6 4DR
Royal & SunAlliance
$1988
per year
Intact Insurance Company (West)
$2363
per year
Wawanesa Mutual
$2366
per year
Pembridge Insurance Company
$2370
per year
Range of quotes $382
Shopper from EDMONTON, ALBERTA
2007 CHEVROLET OPTRA5 LS 5DR
Pembridge Insurance Company
$1111
per year
Allstate
$1196
per year
Royal & SunAlliance
$1399
per year
Dominion of Canada
$1401
per year
Range of quotes $290
Shopper from EDMONTON, ALBERTA
2013 NISSAN TRUCK/VAN ROGUE S 4DR AWD
Pembridge Insurance Company
$1573
per year
Dominion of Canada
$1664
per year
Wawanesa Mutual
$1900
per year
Royal & SunAlliance
$1925
per year
Range of quotes $352
Updated Nov 14, 2019

Why is car insurance so expensive in Edmonton?

Lots of cars on the road

Edmonton is a driving city, and Edmontonians love their cars. There are 943,971 vehicles in the Edmonton area, almost one for every man, woman and child. More cars inevitably means more accidents, which in turn means higher auto premiums.

Does Edmonton have bad drivers?

Drunk driving offences are thankfully on their way down in Edmonton, but distracted driving offences owing to cell phone use are trending in the opposite direction. In a study commissioned by the City of Edmonton in 2016, 33 percent of drivers admitted to texting, emailing or looking at social media while driving in the past month, and this trend appears to be getting worse.

According to a recent study by the Government of Alberta, the most frequent driver actions contributing to casualty collisions were following too closely and running off the road. This tragically translates to more deaths on the road, with motor vehicle fatalities being significantly higher than the national average.

This elevated threat to personal safety means higher auto insurance rates for all drivers in Alberta, including Edmonton.

Grand Theft Auto: Edmonton Edition

Insurance companies use a number of data points to calculate your rate, including the number of vehicle break-ins and thefts in your neighbourhood.

In Edmonton, car thefts have been on the rise over the last few years. In 2018, Edmonton’s dedicated police unit recovered $4.6 million worth of stolen vehicles, and laid charges against 236 people. Shockingly, the Insurance Bureau of Canada (IBC) estimates that as many as 60 percent of Edmonton’s stolen cars were left with keys inside prior to being stolen. In an effort to combat these numbers, Edmonton Police Service, the RCMP and the IBC have launched the “Lock Out Auto Theft” campaign to help drivers protect themselves and their vehicles from crime.

TLDR

Population density, distracted driving infractions, and car theft are to blame for Edmonton facing some of the highest auto premiums in Canada.

Do your bit to bring down the city average premium: keep a clean driving record, lock your car when not in use, and compare quotes on Rates.ca. You could save hundreds of dollars!

How much can I save on Edmonton car insurance with Rates.ca?

How much can I save on Edmonton car insurance with Rates.ca?

Car insurance prices are harder to predict than the Oilers’ regular season form (at time of writing they have won 35 and lost 38. There’s always next year I suppose). With that said, we are confident we can beat your current rate.

In 2018, drivers in Edmonton who used Rates.ca saved an average of $387.16 on their annual premium.**

Our service only takes a few minutes and is completely free to use. Just answer a few questions and see how much you can save!

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Tips for driving in Edmonton

Tips for driving in Edmonton

Get winter tires: Edmonton is one of the coldest major cities in the world, with snowfall expected as late as May and early as October. If you own a car in Edmonton, you need winter tires. If your safety is not incentive enough, consider that insurance companies will offer discounts of up to five percent for drivers who have them.

Consider taking the ETS: The Edmonton Transit Service (ETS) is the city's public transit agency, operating the Edmonton Light Rail Transit (LRT) line as well as a large fleet of buses. For a city whose history and economy is so intertwined with oil and gas, the public transit system is surprisingly extensive, stretching all the way from Edmonton to the neighbouring cities of Beaumont, Spruce Grove and Fort Saskatchewan. The entire fleet is wheelchair accessible too. Insurance companies take your annual mileage and daily commute into account when calculating your premium, so leave the car at home and save on insurance!

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Save on Edmonton car insurance today!

Save on Edmonton car insurance today!

Rates.ca is committed to saving you money on car insurance. All you have to do is spend a few minutes completing our quoter form and we will show you rates from over 30 of Canada’s best insurance providers. Our service is free and there are no strings attached. If you don’t like what you see, there is no obligation to buy.

As legendary Edmonton Oiler Wayne Gretzky once said, “You miss 100 percent of the shots you never take.” Don’t miss out on a great car insurance rate. Compare quotes today!

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* Savings are calculated by deducting the lowest available quote from the second lowest available quote. In 2018 the average savings for Alberta drivers was $409.60.

** Savings are calculated by deducting the lowest available quote from the second lowest available quote. In 2018 the average savings for Edmonton drivers was $387.16.

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