10 tips to get cheap car insurance in Alberta
Saving on Alberta auto insurance is easier than you think. Follow these 10 tips to secure the best deal:
#1 - Get winter tires
The province does not require that vehicles be equipped with winter tires during the winter months, but Alberta’s transportation authority recommends them. Insurance companies consider them a key safety feature, so having winter tires usually gets you a discount.
#2 - Install an anti-theft device
Alberta records more annual car thefts than any other province. Even if you live in a quiet and safe area, an anti-theft device like a car alarm or GPS tracker will show insurance companies that you are taking all necessary precautions.
#3 - Bundle auto with home insurance
Insurance companies offer reduced rates if you use the same provider for multiple policies such as home insurance and car insurance. In Alberta, home and auto are the most commonly bundled insurance products.
#4 - Insure all vehicles under one policy
If you have more than one car, insuring them all under one policy can save you as much as 20%.
#5 - Take a driver’s education course
If you are an inexperienced driver, a sensible way to save on car insurance is to take an accredited driver’s training program.
#6 - Increase your deductible
Increase your deductible by $1,000 in exchange for lower insurance rates. Just make sure you can afford it in the event of a claim.
#7 - Drive less
Many Albertans rely on their cars for their daily commute, but from an insurance perspective, less time spent driving means less chance of an accident. If you have the option of cycling, walking or taking transit to work each day, you could save a lot on your car insurance policy.
#8 - Pay premiums annually
Ask your insurance provider if you can pay your entire premium up front, rather than smaller monthly payments. Many companies offer a reduced rate for this as it cuts down on their administrative costs.
#9 - Consider usage-based insurance
A usage-based insurance (UBI) or telematics device is one way of dramatically lowering your annual premium. An app on your phone monitors when you drive, how far you travel, your average speed and braking habits.
Your premium cannot be increased for risky behaviour, but discounts of up to 30% are available for individuals who demonstrate good, safe driving. UBI has been available in Alberta since 2016, but not all insurance companies offer it yet.
#10 - Shop around
The best way to find cheap auto insurance in Alberta is to compare car insurance quotes from several providers. Thanks to websites like RATESDOTCA, the days of leafing through the phone book and calling around different companies are gone.
Simply spend a few minutes answering our questionnaire, and we will show you multiple rates from Alberta’s top car insurance providers, all in one place.
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