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Find Cheap Auto Insurance in Edmonton

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Written by Joel Kranc

Car insurance in Edmonton

Laws in Alberta require drivers to buy a mandatory amount of insurance, as stated by the Alberta Insurance Act. The industry is regulated by the Superintendent of Insurance of the Alberta Treasury Board and Finance and the Automobile Insurance Rate Board.

But there are some ways in which car insurance in Edmonton is not quite the same as in other parts of the country. For one, The province's car insurance system has elements of no-fault and tort-based systems. The province also uses a grid rating system (also referred to as "the Grid") to determine the maximum amount an insurance company can charge you. It considers things such as when you received your driver's license, the number of driving convictions you've had, the number of at-fault claims you've made in the last six years, and the length of license suspension in the past 15 years.

As a driver, your rates will go up or down depending on these factors (and others). But they can never exceed the maximum premium outlined on the Grid for a driver with your record.

Insurers must compare the base premium determined by the Grid to the policyholder's quoted premium and charge the lesser of the two. Only a few Albertans end up paying the Grid rate.

You can see where you fall on the spectrum by using the Grid rate calculator from AIRB.

Mandatory and optional auto insurance coverage in Edmonton

Type of coverage Mandatory or optional? Description

Third-party liability insurance

Mandatory

All drivers in Canada must have a minimum amount of third-party liability insurance. Alberta requires that amount to be $200,000.

Because of the high cost of medical bills and lawsuits, it is recommended to increase the limits. This can be done to levels of $500,000, $1 million or $2 million without a high increase on your premium.

Direct Compensation Property Damage (DCPD)

Mandatory

Insurance will cover damage to your vehicle caused by another driver. If you are 100% not at fault, DCPD covers 100% of the vehicle damage claim.

Additional collision coverage may be beneficial for cases where you are at fault.

Accident benefits 

Mandatory

Accident benefits auto insurance provides financial protection if you are injured in a collision, regardless of who is at fault.

Coverage can include medical expenses, income replacement, funeral expenses, and compensation for surviving family members.

Collision coverage

Optional

Having collision coverage can protect you from repair or replacement expenses. Beyond vehicle coverage, collision coverage also applies to objects such as guardrails, trees and pets.

Comprehensive coverage

Optional

Comprehensive coverage can help cover costs when your vehicle is damaged by hail, fire, vandalism, theft, and falling objects.

Loss of use coverage

Optional

Helps cover rental car expenses while your vehicle is being repaired.

Collision forgiveness

Optional

Collision forgiveness will keep your auto insurance premium from increasing with your first at-fault crash.

Recent Edmonton car insurance quotes

Shopper from EDMONTON, ALBERTA
2013 HONDA CIVIC DX 4DR December 06, 2022
$ 2,393
Per year
Cheapest Rate
$ 3,559
Per year
Average Rate
$ 1,166
or
33 %
in savings
Shopper from EDMONTON, ALBERTA
2018 CHEVROLET CRUZE PREMIER TURBO 4DR December 06, 2022
$ 4,735
Per year
Cheapest Rate
$ 6,998
Per year
Average Rate
$ 2,263
or
32 %
in savings

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How much does car insurance cost in Edmonton?

When we looked at RATESDOTCA data, we found that in 2022:

  • Edmonton’s average annual car insurance premium is $2,124,
  • This is roughly 7% higher than the Alberta average, which is $1,991 per year.

These amounts are based on the cheapest quotes offered to a 35-year-old male driver in late 2021 with a clean driving and insurance record who drives a 2018 Honda Civic.

Even if you don’t fit this driver profile, you should still prepare to pay more for insurance when you live in a major city centre like Edmonton. Why? Insurance companies assume the risk of collision, theft, insurance fraud, and other situations that could trigger a claim is higher in a city setting.

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Edmonton car insurance rates by postal code

Curious about how your car insurance bill compares to your neighbours? We pulled the data for you in the table below.  Your forward sortation area is the first three characters of your postal code.

If you want to see how your premium compares to drivers in another city in Alberta, check out the RATESDOTCA Insuramap for the complete picture of car insurance prices in the province.

Forward sortation area Neighbourhood Average annual premium
T5A Belmont, Belvedere, Casselman, Homesteader, Kennedale Industrial, Kernohan, Northeast Edmonton $2,195
T5B Alberta Avenue, Bellevue, Cromdale, Eastwood, Industrial Heights, Montrose, North Central Edmonton, Northeast Edmonton $2,195
T5C Balwin, Belvedere, Delwood, Kildare, Kilkenny, Northeast Edmonton $2,195
T5E Calder, Evansdale, Glengarry, Griesbach, Killarney, Lauderdale, Northeast Edmonton, Northwest Edmonton $2,195
T5G Alberta Avenue, Edmonton Municipal Airport, North Central Edmonton $2,195
T5H Boyle Street, Central McDougall, McCauley, North Central Edmonton $2,195
T5L Baranow, Bonaventure Industrial, Calder, Dominion Industrial, Dovercourt, Hagmann Estate Industrial, Huff Bremner Estate Industrial, McArthur Industrial, Northwest Edmonton $2,195
T5W Abbottsfield, Beacon Heights, Beverly, Highlands, Industrial Heights, Montrose, Newton, Northeast Edmonton $2,195
T5J Downtown, Downtown Edmonton, North Central Edmonton $2,148
T5K Downtown, North Central Edmonton, Oliver $2,148
T5X Baranow, Baturyn, Beaumaris, Carlisle, Dunluce, Eaux Claires, Lorelei, Northwest Edmonton $2,148
T5Y Bannerman, Brintnell, Clareview Campus, Cy Becker, Fraser, Gorman Industrial West, Hairsine, Matt Berry, McConachie Area, Miller, Northeast Edmonton $2,148
T5Z Belle Rive, Eaux Claires, Klarvatten, Lago Lindo, Mayliewan, Northeast Edmonton $2,148
T6V Baranow, Cumberland, Hudson, Mistatim Industrial, Northwest Edmonton $2,148
T5V Carleton Square Industrial, Gagnon Estate Industrial, Garside Industrial, Hawin Park Estate Industrial, Kinokamau Plains Area, Mistatim Industrial, Mitchell Industrial, Northwest Edmonton $2,137
T6B Davies Industrial East, Eastgate Business Park, Girard Industrial, Kenilworth, Lambton Industrial, Morris Industrial, Northeast Edmonton, Pylypow Industrial, Roper Industrial, Southeast Edmonton $2,137
T6C Avonmore, Bonnie Doon, Cloverdale, Coronet Addition Industrial, Holyrood, Idylwylde, King Edward Park, South Central Edmonton, Southeast Edmonton $2,137
T6P Maple Ridge, Maple Ridge Industrial, Southeast Edmonton $2,126
T6S Clover Bar Area, Northeast Edmonton $2,126
T6A Capilano, Eastgate Business Park, Forest Heights, Fulton Place, Gold Bar, Northeast Edmonton $2,115
T5M Alberta Park Industrial, Garside Industrial, High Park Industrial, Huff Bremner Estate Industrial, Inglewood, Jasper Place, Northwest Edmonton, West Edmonton $2,100
T5N Crestwood, Glenora, Grovenor, North Central Edmonton, West Edmonton $2,100
T5P Britannia Youngstown, Canora, Glenwood, Jasper Place, West Edmonton $2,100
T5R Elmwood, Jasper Park, Jasper Place, Laurier Heights, Meadowlark Park, Parkview, West Edmonton $2,100
T5S Armstrong Industrial, Edmiston Industrial, McNamara Industrial, Morin Industrial, Northwest Edmonton, Place LaRue, Stone Industrial, West Edmonton $2,100
T5T Belmead, Callingwood South, Glastonbury, Summerlea, Terra Losa, West Edmonton $2,100
T6E Coronet Industrial, Davies Industrial West, McIntyre Industrial, Papaschase Industrial, Queen Alexandra, Rosedale Industrial, South Central Edmonton, Southeast Edmonton, Strathcona Junction $2,100
T6G Garneau, McKernan, South Central Edmonton, University of Alberta $2,100
T6H Allendale, Brander Gardens, Calgary Trail North, Empire Park, Lendrum Place, Pleasantview, Southwest Edmonton, Strathcona Junction $2,100
T6K Ekota, Kameyosek, Lee Ridge, Menisa, Meyonohk, Michaels Park, Mill Woods Town Centre, Richfield, Satoo, Southeast Edmonton $2,100
T6L Bisset, Crawford Plains, Daly Grove, Greenview, Jackson Heights, Kiniski Gardens, Meyokumin, Mill Woods Town Centre, Minchau, Pollard Meadows, Sakaw, Southeast Edmonton $2,100
T6M Donsdale, Gariepy, Jamieson Place, Oleskiw, Rural West, The Hamptons, Wedgewood Heights, West Edmonton $2,100
T6N Edmonton Research and Development Park, Parsons Industrial, South Edmonton Common, Southeast Edmonton $2,100
T6R Bulyea Heights, Carter Crest, Falconer Heights, Haddow, Hodgson, Leger, MacTaggart, Magrath Heights, Rhatigan Ridge, Southwest Edmonton $2,100
T6W Ambleside, Blackmud Creek, Heritage Valley Area, Rutherford, Southwest Edmonton $2,100
T6X Ellerslie, Ellerslie Industrial, Southeast Edmonton $2,100
T6J Blue Quill, Calgary Trail South, Duggan, Ermineskin, Greenfield, Keheewin, Rideau Park, Skyrattler, Southwest Edmonton $1,940
T6T Larkspur, Laurel, Silver Berry, Southeast Edmonton $1,940

These premiums are based on the lowest quote offered to a 35-year-old man driving a 2018 Honda Civic with a conviction and claims-free insurance record. Yours might be different. Comparing quotes is the best way to find out if you could pay less for insurance.

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The cheapest car insurance rates in Edmonton

Even though car insurance premiums in Edmonton are on the hefty side, there are pockets where drivers pay less than the provincial average.

Take the neighbourhoods of Duggan (T6J) and Wild Rose (T6T), located in Edmonton’s south end. Drivers in both locations pay approximately $1,940 annually, or 8.7% less than the average Edmonton driver and 2.6% less than the average Albertan. It's a savings of $51.

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

The data are clear: drivers in major Alberta cities pay the most for car insurance.

To fairly compare cities, we used the same driver profile to pull quotes: a 35-year-old man driving a 2018 Honda Civic with a conviction and claims-free insurance record.

City Geographic designation/population size Premium
Calgary Large urban / 1,372,178 $2,230
Edmonton Large urban / 1,057,181 $2,124
Airdrie Medium / 77,027 $2,000
Lloydminster Medium / 20,204 $1,849
Okotoks Medium / 31,413 $1,849
Grande Prairie Medium / 67,627 $1,806
Lethbridge Medium / 101,799 $1,780
Stony Plain Small / 18,371 $1,724
Morinville Small / 10,442 $1,724
Medicine Hat Medium /65,203 $1,722
Red Deer Medium / 104,392 $1,712
Sylvan Lake Small / 16,354 $1,712

As you can see from the table, Edmonton is the second most expensive city to get car insurance in the province (after Calgary). It costs Edmonton drivers $412 more per year than the cheapest car insurance cities like Sylvan Lake, Red Deer and Medicine Hat.

Source: Statistics Canada

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Which companies offer car insurance quotes in Edmonton?

You can take many different routes to buy car insurance. You can choose to buy directly from an insurance company, compare rates with a broker, or use a comparison service.

A good rule of thumb is to compare car insurance quotes from multiple companies before you settle on one. This is the strategy endorsed by Alberta’s auto insurance regulator, the Automobile Insurance Rates Board (AIRB), and the Financial Consumer Agency of Canada. The fastest and cheapest route to shop the market is to use an insurance comparison quotes service like RATESDOTCA.

Here’s a list of major car insurance providers, including brokers, companies, and comparison services, with a presence in Edmonton and beyond.

Company Company type Phone Address
Alberta Motor Association Insurance Company Insurance company 1-780-474-8777 10310 G. A. MacDonald Ave NW, Edmonton, AB T6J 6R7
Aviva Insurance Insurance company 1-780-428-1822 10130 103 St NW #1900, Edmonton, AB T5J 3N9
Chubb Insurance Company of Canada Insurance company 1-403-261-3881 330 5 Ave SW #2400, Calgary, AB T2P 0L4
Economical Insurance Insurance company 1-800-661-3274 10158 103 St NW #300, Edmonton, AB T5J 0X6
Insurance Hotline Quotes comparison 1-855-821-7312 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
Intact Insurance Insurance company 1-780-428-7544 10830 Jasper Ave #700, Edmonton, AB T5J 2B3
LowestRates.ca Quotes comparison 1-855-487-6911 1910 Yonge St. Suite 401, Toronto, ON M4S 3B2
Millennium Insurance Corporation Insurance company 1-780-467-1500 2457 Broadmoor Blvd #200, Sherwood Park, AB T8H 0Y6
Peace Hills General Insurance Insurance company 1-780-424-3986 10709 Jasper Ave #300, Edmonton, AB T5J 3N3
Portage La Prairie Mutual Insurance Co Insurance company 1-780-423-3102 12220 Stony Plain Rd, Edmonton, AB T5N 3Y4
RATESDOTCA Quotes comparison 1-844-726-0907 360 Adelaide St. W. Suite 100, Toronto, ON M5V 1R7
RBC Insurance Insurance company 1-780-944-5832 3904 17 St NW unit h-006, Edmonton, AB T6T 0C2
Scoop Insurance Insurance broker 1-866-456-6620 300 Lincoln St. Unit 22, Welland, ON L3B 4N4
TD Insurance Home & Auto Insurance company 1-780-409-0281 10025 102A Ave NW, Edmonton, AB T5J 2Z2
Travelers Canada Insurance company 1-800-363-1072 Scotia 1, 10060 Jasper Ave Suite 2500, Tower 1, Edmonton, AB T5J 3R8
Wawanesa Insurance Insurance company 1-780-469-5700 5008 86 St NW, Edmonton, AB T6E 5S2

What factors affect Edmonton car insurance premiums?

Car insurance premiums differ for all drivers depending on their expertise, records and more. Some of the factors that will affect car insurance premiums include:

  1. Driving experience: It's no secret that newer or younger drivers generally pay more for car insurance than more experienced drivers. Creating that experience by driving with a clean record, few to no tickets, and a few years without accident claims will indicate to insurance providers that you are a "good risk." This will ultimately drive down your car insurance rate over time.
  2. Location: It's true in real estate, and it's true for drivers. Where you live makes a difference. Higher density areas with more traffic (and the possibility for more accidents/claims) will lead to higher insurance premiums. Some areas are deemed more likely to file claims if there are risks such as higher crime rates.
  3. Driving habits: Premiums will vary depending on your driving needs. For example, your rates will fluctuate if you are a long-distance commuter versus a short-trip diver. In other words, the more you drive, the higher your rates are likely to be. Again, keeping your driving record clean and staying safe are some of the best ways to keep insurance rates lower, even if you are in your car a lot of the time.
  4. Your vehicle: Just like not all drivers are created equally, the same goes for cars. Vehicles with greater safety features may allow you to reduce premiums. However, higher-end cars can also be more expensive to repair, affecting car insurance rates. Also, a souped-up vehicle with aftermarket accessories can change the rates you pay for car insurance. The vehicle's make and model (and year) can also affect the rate of insurance you will pay.
  5. Gender: Unfortunately for younger males, gender plays a role in how insurance providers assess risk. Inexperienced, younger male drivers are usually deemed a higher risk than other drivers. Younger female drivers are considered less risky and will likely pay lower insurance rates.
  6. Your provider: Rates can fluctuate depending on your provider and if you have a history with them. Some offer bundled packages with other insurance or have different plans depending on your driving needs. Using sites like RATESDOTCA can help you determine the cheapest car insurance provider in Ottawa that best suits your needs.

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How to get the cheapest car insurance in Edmonton

While there is no substitute for experience and a clean driving record, follow these tips to get the cheapest car insurance in Edmonton:

1) 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 5% for drivers who have them.

2) 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!

3) Protect against theft

Shockingly, the Insurance Bureau of Canada (IBC) estimates that as many as 60% of Edmonton’s stolen cars are 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.

Make your car less attractive to thieves by securely locking it, and installing an approved car alarm or GPS tracker.

4) Bundle your insurance needs

One sure-fire way to reduce your car insurance premium is to bundle it together with home or tenant insurance. By using the same insurer for multiple products, you will receive what’s known as a multi-line discount, sometimes saving you as much as 15% off each individual policy. This is also true if you have more than one vehicle. Insuring them all with the same company will incentivize the insurer to offer a better deal.

5) Take an advanced driving course

If you are a young driver under the age of 25, or only recently got your license, you will face the highest insurance rates. You are paying for a lack of experience. Once you have had your licence for six years, assuming you have a clean record, you can look forward to more affordable premiums.

In the meantime, driver education courses are available. Insurance companies offer reduced rates for successful completion of these, because not only are you learning valuable skills, but it demonstrates a willingness to be safe and considerate behind the wheel. Find available programs by consulting this list of licensed training schools in Edmonton.

6) Take advantage of Usage Based Insurance (UBI)

Usage based insurance (UBI), sometimes called telematics or pay-as-you-drive insurance, makes use of a device installed in your car to monitor your driving habits.

Most companies offer a discount simply for signing up to such a program, and if you demonstrate good, defensive driving, you will be rewarded with even greater discounts. Some of the metrics used to determine your rate are average speed, acceleration, braking and time spent driving.

If the UBI device determines you are not driving safely, you will not receive the discount, but your rates cannot be increased because of it. In an expensive city like Edmonton, this is a great solution for good drivers who are sick of paying high premiums caused by the bad habits of others.

7) Review your coverage before renewal

Every year, when your auto insurance is up for renewal, spend a few minutes reviewing your existing coverage. If circumstances have changed you may be able to remove some protections that you no longer need. If you are confident that you are a safe driver and can afford to pay a higher deductible in the event of a claim, commit to a higher deductible and you will receive lower quotes.

8) Ask about discounts

If you are alumni of the University of Alberta, a City of Edmonton employee, or a member of a local trade union like Local 488 or CUPE Alberta, additional discounts may be available. Look on your organisation’s website for information about which insurance companies are affiliated.

Additionally, ask if you can pay your entire annual premium in one lump sum in exchange for a better deal. Many insurers welcome this as it cuts down on their administrative costs.

9) Shop around

Comparing quotes from top insurance providers is the best way to save on Edmonton car insurance. All you have to do is spend a few minutes on our site and we’ll show you multiple rates side by side. Finding the best coverage for the lowest price has never been this easy.

Frequently asked questions about car insurance in Edmonton

How can I find the cheapest car insurance in Edmonton? 

First things first, compare rates. The easiest and quickest way to comparison shop for cheap car insurance in Edmonton is through RATESDOTCA. Alternatively, drivers should talk to their providers about discounts. Discounts are available that reward drivers for their experience on the road, for bundling policies, and installing anti-theft devices, among other things. 

Why is insurance cost more in Edmonton than it does in other Alberta cities? 

Edmonton has a lot to offer its citizens and visitors. It is the capital of Alberta and has a population of about 1 million. As a result, a dense population results in more cars, leading to more collisions, theft, and insurance claims.  

Is ridesharing insurance available in Edmonton? 

As a large metropolitan city serving a dense population, Edmonton residents can take advantage of ridesharing programs. Companies that provide ridesharing programs in Edmonton include: 

  • Uber 
  • Ridesharing.com (free sign-up to find carpool buddies in the area) 
  • TappCar
  • Lyft 

Many of these companies offer insurance coverage to their drivers. For example, as of 2020, Uber provides commercial insurance by Economical Insurance in Ontario, Quebec, and Alberta. Drivers receive: 

$2 million of uninsured/underinsured motorist coverage, $2 million of third-party liability coverage, loss or damage to a vehicle and coverage between trips. The insurance provides $1 million of third-party liability coverage if your insurer denies coverage.   

Just remember to always inform your insurance provider of your plans to become a driver for a ridesharing app, even if the app offers coverage. Not doing so could void your personal auto insurance policy (and having one is a prerequisite for rideshare drivers).

Can I get month-to-month car insurance in Edmonton? 

Each province is different when it comes to temporary car insurance. Alberta does not have temporary options. The province allows drivers to use an existing plate and registration for up to 14 days. There are no six-month policies available in Alberta.  

*Shoppers in Alberta who obtained a quote on RATESDOTCA and transacted via our contact centre from January to December 2021 saved an average amount of $736. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of all other quoted premiums generated by RATESDOTCA.

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