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Find Cheap Car Insurance in Fort McMurray

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Economical
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Written By Joel Kranc

Updated November 15, 2023

Car insurance in Fort McMurray

If you want to drive in Fort McMurray, or anywhere else in Alberta, you’ll need valid car insurance, as it’s required by law.

In 2022, Alberta moved to a direct compensation for property damage (DCPD) system. Under this system, a driver must claim vehicle damage for which they are not responsible through their own insurance company rather than the company of the at-fault driver. DCPD does not prevent drivers from pursuing legal action for other damages, such as injuries due to an automobile accident or property damage that’s not covered by DCPD.

If you take the risk of driving without car insurance in Fort McMurray, you may end up paying a fine ranging from $2,875 to $10,000.

There are several great ways to find out about car insurance in Fort McMurray. You can consult:

  • An insurance broker. Someone who sells car insurance on behalf of multiple car insurance companies and can help you find good rates among the many choices.
  • An insurance agent. Someone who represents only one company and sells auto insurance on their behalf. This means they offer only one rate – their own.
  • A direct writer. A person or company that sell their own brand of auto insurance services.
  • A quote comparison website. A quote comparison site that provides quotes from the top insurance companies in your area. An example of this is RATESDOTCA, which lets you find the cheapest car insurance rates in seconds, whether you’re in Fort McMurray or anywhere else in Canada.

Recent auto insurance quotes in Fort McMurray

Recent Auto Insurance Quote from FORT MCMURRAY, ALBERTA
Female, Age 23
2019 HYUNDAI ELANTRA PREFERRED 4DR
February 23, 2024
Cheapest Quote
$ 219 / month
$2,631 / year
Average Quote
$ 362 / month
$4,342 / year
Savings
$ 143 / month
$1,711 / year
or
39.41 %
Recent Auto Insurance Quote from FORT MCMURRAY, ALBERTA
Female, Age 27
2017 HONDA CIVIC LX 4DR
February 22, 2024
Cheapest Quote
$ 127 / month
$1,529 / year
Average Quote
$ 179 / month
$2,144 / year
Savings
$ 51 / month
$615 / year
or
28.68 %
Recent Auto Insurance Quote from FORT MCMURRAY, ALBERTA
Male, Age 39
2024 TOYOTA RAV4 XLE HEV 4DR AWD
February 22, 2024
Cheapest Quote
$ 187 / month
$2,242 / year
Average Quote
$ 266 / month
$3,190 / year
Savings
$ 79 / month
$948 / year
or
29.72 %
Auto insurance quotes are compared from CAA, Coachman Insurance Company, Echelon Insurance, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

How to get Fort McMurray car insurance quotes on RATESDOTCA

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Mandatory and optional auto insurance in Fort McMurray

Insurance coverage Category Description
Personal liability and property coverage (PLPD) Mandatory

This coverage provides financial aid when you're at fault for an accident. Your insurance will pay the bills of anyone you injured in the accident. (Likewise, your accident benefits will pay for your medical costs.) The minimum you're required to carry is $200,000. This means your insurance company will pay for expenses up to $200,000. Experts often recommend that policyholders increase their coverage to at least $1 million. The liability part of your insurance contract will pay for:

- Medical costs for anyone you've injured

- The cost to repair or replace another person's property

- Legal fees that stem from the accident and finally

- Damages to the injured parties.

Accident benefits Mandatory

This part of your policy covers costs when you or a passenger are in an accident and need medical care. Accident benefits also provide compensation for:

- Lost wages

- Funeral expenses

- Surviving spouses and dependents.

Direct compensation for property damage (DCPD) Mandatory This covers the cost of repairing or replacing your car after you're in a collision you did not cause. If you are 100% not at fault, DCPD will cover 100% of your costs. It's possible to be partially at fault for causing an accident. In this scenario, you'll still receive compensation from DCPD, but it will be a reduced amount. For example, if you're 50% responsible, you'll only receive 50% of your benefit. DCPD has no deductible and filing a claim won't affect your premium in the future. (You can opt to purchase a deductible — this will reduce your premium slightly.)
Collision coverage Optional This helps pay for repairs if you collide with another vehicle or crash into a stationary object. Collision coverage will pay to repair your car if you're at fault for an accident.
Comprehensive coverage Optional This helps pay for repairs if an event other than a collision damages your car (e.g., vandalism or adverse weather). Calgary sits in Alberta's Hailstorm Alley, making it prone to severe summer storms. Hail causes millions of dollars in damage to vehicles each year. Comprehensive insurance will cover this peril.
Named perils Optional This is a cheaper option than comprehensive. It only protects against the perils listed in your policy.
Comprehensive Cover Limited Glass (SEF 13D) Endorsement This limits a vehicle's glass coverage for a reduced premium.
Loss of Use (SEF 20) Endorsement If your car is unusable, this endorsement will pay for temporary transportation. You can use the money for taxis and public transit up to a limit.
Legal Liability for Damage to Non-Owned Automobiles (SEF 27) Endorsement This extends your physical damage insurance to a rental vehicle.
Accident Rating Waiver (SEF 39) Endorsement If you are found responsible for causing an accident, this endorsement prevents your premium from rising. It only applies to scenarios that your insurance company agreed in advance to cover.
Limited Waiver of Depreciation (SEF 43R) Endorsement This endorsement prevents the insurance company from factoring in depreciation when calculating a claim payout. For this endorsement to apply, the damage needs to be caused by an insured event.
Family Protection (SEF 44) Endorsement This is excess coverage for accidents that involve an underinsured driver. This endorsement will cover the total cost of a claim.

How much does car insurance cost in Fort McMurray?

Though auto insurance rates in Fort McMurray are not the most expensive in Alberta, they are not the cheapest either, averaging at $1,806 per year, or about $151 per month, according to the RATESDOTCA Insuramap .

Why are the rates so high? Could be due to the size of the population. When there is no influx of oil patch workers, the population is about 75,000. Seasonal work pushes the population to as high as 112,000 at certain times of the year. As the population grows, drivers are forced to share the road with industrial vehicles from the oil sector, which increases rates over time.

Because of inflation and the high cost of living, the Alberta government froze insurance rate increases for private passenger vehicles in 2023. Although some rates might still go up because of previously approved rate hikes, no new hikes will be approved this year.

That’s good news for drivers in Fort McMurray. And if you’re looking for cheap car insurance, you can always consult RATESDOTCA.

How Fort McMurray car insurance rate compares to other nearby cities

The average car insurance rate in Fort McMurray is $1,806 per year, which is about 9.3% cheaper than the provincial average of $1,991 per year.

Some of the highest auto insurance rates in the province are in Calgary, which has an average premium of $2,230 per year, and in Edmonton, which has an average premium of $2,124 per year. That’s 19% and 15% higher than Fort McMurray, respectively. Red Deer, one of the cheapest places to get car insurance in Alberta, has an average premium of $1,712 per year, which is 5.5% cheaper than Fort McMurray.

Car insurance in Alberta comparison

(how Fort McMurray compares to the 3 most expensive and 3 cheapest cities in Alberta)

Estimated annual premium in 2022 % difference compared to Grande Prairie

Alberta’s average car insurance premium

$1,991

+9.3%

Tsuut’ina

$2,260

+20.0%

Calgary

$2,230

+19.0%

Edmonton

$2,124

+15.0%

Fort McMurray

$1,806

--

Red Deer County

$1,746

-3.4%

Devon

$1,724

-4.7%

Sylvan Lake

$1,712

-5.5%

Average insurance premium numbers are according to data from RATESDOTCA Insuramap (gathered in 2022).

Note: The rates above may not apply to you, as they are based on a specific profile. Be sure to learn more about our methodology.

Which companies offer car insurance quotes in Fort McMurray?

Company name Company type Phone number Address

Alberta Driver Evaluations

Insurance agency

780-838-3144

504-136C Sandpiper Rd, Fort McMurray, AB T9K 0J7

AMA Insurance

Insurance agency

780-743-2653

4 Hospital St, Fort McMurray, AB T9H 5E4

BrokerLink

Insurance broker

780-790-1578

1-604 Signal Rd, Fort McMurray, AB T9H 4Z4

ClaimsPro

Insurance agency

1-800-663-3993

10210 Centennial Dr, Fort McMurray, AB T9H 1Y5

InsuranceHotline.com

Quotes comparison

1-855-821-7312

100-360 Adelaide St W, Toronto, ON M5V 1R7

LowestRates.ca

Quotes comparison

1-855-487-6911

401-1910 Yonge St, Toronto, ON M4S 3B2

RATESDOTCA

Quotes comparison

1-844-726-0907

100-360 Adelaide St W, Toronto, ON M5V 1R7

Rogers Insurance

Insurance agency

780-791-3770

10016 Franklin Ave, Fort McMurray, AB T9H 2K6

Scoop Insurance

Insurance broker

1-866-456-6620

22-300 Lincoln St, Welland, ON L3B 4N4

TW Insurance Brokers

Insurance broker

780-791-0035

9908 Franklin Ave, Fort McMurray, AB T9H 2K5

Factors that affect your Fort McMurray car insurance premium

There are many factors that can affect your auto insurance rate in Fort McMurray. Here are some of the biggest ones:

  1. Your driving record & habits. Fort McMurray insurance companies will look at your past record to determine your current rate. The greater the number of past infractions, the higher your rates could be.

    Your driving habits are also considered. If you commute across long distances and use your vehicle often, you’re at a higher risk of an accident than drivers who do not. Consider your transportation options and drive less frequently, if possible, to save money on your auto insurance down the line. Be sure to avoid other bad driving habits as well.

  2. Your vehicle. Different cars come with different safety features. For example, if your car doesn’t have a security system, snow tires or it is of high resale value on the black market, which would make it target for theft, your rates might be higher, as a result.

    Car insurance companies in Fort McMurray, and Canada in general, rely on the Canadian Loss Experience Automobile Rating (CLEAR) system to assess vehicles, so take a look at their list, if you’d like to see where your car fits.

  3. Where you live. Your neighbourhood can affect your insurance premiums. Locations with higher crime rates, or congested areas can increase your insurance rates, as the risks for an accident or theft are higher.

  4. Your age & gender. Fort McMurray insurance companies also look at age and gender as potential risk factors. Young male drivers, usually under the age of 25, are considered higher risk and command higher insurance premiums. There's not much you can do as a young driver, other than stay safe and maintain a clean driving record. Your rates will go down with experience and time. In the meantime, be sure to follow these safe driving tips.

Tips on how to get cheap car insurance in Fort McMurray

To mitigate some of the factors listed above and avoid paying an unnecessarily high insurance rate, consider the following:

  • Compare insurance rates. Comparison shopping via sites like RATESDOTCA is always a great way to find cheap car insurance in Fort McMurray. It’s fast and free. And you’ll only get rates from the top insurance providers in your area.

    Other ways to compare rates is by talking to a broker, who can provide quotes from a variety of companies, or you could call the insurance companies directly and compare.
  • Drive safely & ensure a clean record. A clean driving record will ensure that your Fort McMurray car insurance rates either stay the same or get discounted. Do your best to avoid tickets, demerit points and car accidents, as they all can raise your risk profile and your insurance rates.
  • Drive a ‘safer’ car. So-called ‘safe’ cars usually offer anti-theft security systems, snow tires and driver assist, for example. These cars are less likely to be stolen and can help you maintain a cleaner record, even when driving conditions are rough. Fewer thefts and accidents mean fewer claims, and ultimately, lower auto insurance premiums.
  • Bundle all your insurance policies. Bundling auto insurance with other services like home and life insurance under one provider can save you money as well. Many insurance providers offer discounts to reward your loyalty and business, so definitely consider this option.
  • Be selective about your coverage. When considering your auto insurance needs, be precise about how much insurance you really need. Not all insurance is mandatory, so getting too much coverage may be the wrong way to go, if you’re only an occasional driver. Talk to you agent or provider about your specific needs and save money by eliminating benefits you don’t need.
  • Have consistent driving history. A safe and consistent driving record indicates to your insurance provider that you are a low-risk driver. Driving consistently and avoiding infractions can help build a clean driving record and lower your car insurance rates.
  • Try a usage-based insurance program. Usage-based insurance (or UBI) can significantly lower your insurance rate, provided you drive safely.

    For this type of insurance to work, you’ll need to either download a mobile app or attach a device to your car that will then monitor how you drive. This includes measuring your speed, acceleration, braking, time of day and so on. The results will determine how ‘good’ of a driver you are and dictate your premium accordingly.

Frequently asked questions about car insurance in Fort McMurray

Need more information on Fort McMurray car insurance? We got you covered.

Which company has the cheapest car insurance in Fort McMurray?

While there are many companies offering auto insurance in Fort McMurray, there is no way to determine which of them would offer the cheapest rate. Factors such as your driving record, the make and model of your car, your credit history and your location all play a role in deciding your premiums.

Check out RATESDOTCA for the most current, and cheapest, rates from the top providers in the Fort McMurray area. It only takes a few minutes to get the rates, and the site is free to use.

Can I get month-to-month car insurance in Fort McMurray?

There is no month-to-month car insurance in Fort McMurray, since most auto insurance companies require at least a one-year commitment.

If you require short-term transportation, you can rent a car instead, and only pay insurance for the length of your rental. 

If you have an existing policy from somewhere else, you can temporarily add the car you’re driving in Fort McMurray to save a bit of cash.

If you live in Fort McMurray, but don’t drive often, you can reduce your coverage during the time of year you don’t drive. This may save you money, but you’d still be responsible for a year-long policy.

How do I get car insurance as a new driver in Fort McMurray?

To get car insurance as a new driver in Fort McMurray, all you need to do is look up insurance brokers, agents or direct writers in your area. Alternatively, you can assess quotes by looking at comparison sites such as RATESDOTCA.

Unfortunately, younger drivers will still have to deal with high rates due to the risks they pose. To mitigate those risks and lower the costs, consider the following:

  • Drive under the same policy as the parent or guardian. This becomes applicable once the driver secures a G2 or G license. Instead of buying their own vehicle, they can drive one belonging to their parent or guardian.
  • Enroll in a driving course. Insurance companies see this as a way to learn good driving habits and reduce risk, which can lead to lower insurance premiums. 
  • Drive regularly. Consistent and safe driving helps new drivers build a driving record. Much like building a credit score, the experience (or time) you gain, with a clean record helps reduce rates in the long run.

What if I’m a new driver, but a little on the older side?

Even if you are older, but still relatively inexperienced, you’ll need to build a clean and safe driving record to get the cheapest insurance rates possible. You can take a class, or drive under someone else’s policy. Over time, as you build your record, your auto insurance premiums will come down.

Is ridesharing insurance available in Fort McMurray?

Ridesharing is available in Fort McMurray. Uber and TappCar are some of the companies offering services to residents.

Many ridesharing companies offer insurance coverage to their drivers. For example, as of 2020, Uber provides commercial insurance by Economical Insurance in provinces such as 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).

Shop around and save on Fort McMurray car insurance today

Reviewing multiple quotes is the best way to get cheap automobile insurance in Fort McMurray, and it’s never been easier. Within minutes our RATESDOTCA online tool helps you compare quotes from more than 50 of Canada’s top insurance companies.

*Represents the average saved by shoppers who obtained a {{CITY}} quote on RATESDOTCA and transacted via our contact centre between January and December 2022. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by RATESDOTCA.

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