Find Cheap Car Insurance in Medicine Hat

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Written By Joel Kranc

Contributing writer


Car insurance in Medicine Hat

If you're a driver looking for the cheapest car insurance in Medicine Hat, you'll want to know how the system is set up. Car insurance in Alberta is regulated by the Automobile Insurance Rate Board (AIRB) under the authority granted by the province's Insurance Act. The Alberta Superintendent of Insurance of the Alberta Treasury Board and Finance and the Alberta Insurance Council also provide oversight.

Most importantly, Alberta has a private auto system meaning you buy insurance directly from the provider, not the provincial government (unlike Alberta's neighbours, B.C. and Saskatchewan).

Basic auto insurance (which includes accident benefits and third-party liability) is required in Medicine Hat. The province wants to keep car insurance rates in Medicine Hat affordable and has established a maximum amount that can be charged for basic coverage. No maximum amount is set for additional coverage because it is not mandated by law.

Alberta also has a Grid rating program to establish the maximum premium insurance companies can charge for basic coverage. Insurance companies must compare a driver's premium under their current rating system program to their premium calculated for the Grid and charge the lesser of the two premiums.

Grid applies only to basic coverage premiums (third-party liability bodily injury and property damage tort, accident benefits, and direct compensation property damage). A majority of Albertans do not pay the Grid rate.

Alberta has three categories of car insurance coverage: mandatory, optional, and endorsements.

Mandatory and optional car insurance coverage in Medicine Hat

Coverage Designation Description
Third-party liability Mandatory Coverage for when you're found responsible for an accident that causes injury or damage to someone else.
Accident benefits Mandatory Covers the cost of medical care for you and your passengers. Coverage extends to rehabilitation, funeral expenses, death benefits, and income replacement.
Direct compensation for property damage (DCPD) Mandatory Covers the cost of replacing your vehicle and pays for replacement transportation costs. You receive the benefit if you were not at fault for causing the accident. Partially at-fault drivers may still qualify for DCPD. Their benefit will be proportionate to the percentage of fault allocated to them. There’s no deductible for this coverage, however you can ask one in exchange for a slightly lower premium.
Collision Optional Will pay to repair or replace your car if it's involved in a collision with an object other than a car. Carries a deductible.
Comprehensive Optional Will cover damage to your car caused by something other than a collision. Insurable perils include falling objects, vandalism, theft, and fire. Carries a deductible.
Specified perils Optional Covers the same types of perils as comprehensive insurance. You must specify which ones you want coverage against. Carries a deductible.
Comprehensive Cover Limited Glass (SEF 13D) Endorsement Reduces the amount of coverage for glass damage in your policy. In return, you get a lower premium.
Loss of Use (SEF 20) Endorsement Compensation for transportation costs (taxis and public transportation), up to a pre-determined limit. You'll only get this benefit if your vehicle is damaged due to a loss covered by your policy.
Legal Liability for Damage to Non-Owned Automobiles (SEF 27) Endorsement Extends physical damage coverage (and deductible) to rental cars.
Accident Rating Waiver (SEF 39) Endorsement Prevents your premium from increasing after an at-fault accident.
Limited Waiver of Depreciation (SEF 43R) Endorsement This waives depreciation on the repair or replacement of a new vehicle. Only applicable if an insurable peril damages it.
Family Protection (SEF 44) Endorsement Protects you if you’re involved in a collision with an underinsured or uninsured driver. The Family Protection endorsement will bridge the gap if the costs exceed the other driver’s insurance benefit.

Recent auto insurance quotes in Medicine Hat

Recent Auto Insurance Quote from MEDICINE HAT, ALBERTA
Male, Age 43
May 27, 2024
Cheapest Quote
$ 97 / month
$1,165 / year
Average Quote
$ 121 / month
$1,447 / year
$ 24 / month
$282 / year
19.49 %
Recent Auto Insurance Quote from MEDICINE HAT, ALBERTA
Male, Age 21
May 27, 2024
Cheapest Quote
$ 350 / month
$4,205 / year
Average Quote
$ 598 / month
$7,177 / year
$ 248 / month
$2,972 / year
41.41 %
Recent Auto Insurance Quote from MEDICINE HAT, ALBERTA
Female, Age 36
2016 BMW 535d xDrive 4DR AWD
May 27, 2024
Cheapest Quote
$ 110 / month
$1,324 / year
Average Quote
$ 183 / month
$2,193 / year
$ 72 / month
$869 / year
39.63 %
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

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How much does car insurance cost in Medicine Hat?

Rank City Average 2021 premium
1. CALGARY $2,230
2. EDMONTON $2,124
4. BLACKFALDS $1,969
5. ST. ALBERT $1,940
13. MEDICINE HAT $1,722

At $1,722 annually, Medicine Hat ranks 13th on the province's average car insurance premiums. Other larger cities, such as Calgary ($2,230), Edmonton ($2,124), and Airdrie ($2,000), rank higher.

Car insurance prices are determined by location, personal driving records, and population density, among other factors. The larger the population, generally speaking, the higher the rates will be as risks mount for insurance lenders.

Theft may also be a factor in rates, and with lower populations comes lower crime rates and the risk of a vehicle in Medicine Hat being stolen.

Which companies offer car insurance quotes in Medicine Hat?

Company name Company type Phone number Address
A-WIN Insurance Insurance Agency 403-487-5132 109-2201 Box Springs Blvd NW, Medicine Hat, AB, T1C 0C8
Capital Strategic Insurance & Financial Inc. Insurance Agency 403-526-6622 525 Second St SE, Medicine Hat, AB, T1A 0C5
Co-operators Insurance Agency 403-528-8717 66A Eighth St NW, Medicine Hat, AB, T1A 6P1
Cypress Insurance Services Insurance Agency 403-504-1088 1601 Dumore Rd SE, Medicine Hat, AB, T1A 1Z8
InsuranceHotline.com Comparison 1-855-821-7312 360 Adelaide St. West, Suite 100, Toronto, ON, M5V 17
LowestRates.ca Comparison 1-855-487-6911 1910 Yonge St Suite 401, Toronto, ON M4S 3B2
RATESDOTCA Comparison 1-844-726-0907 360 Adelaide St. West, Suite 100, Toronto, ON, M5V 17
Reliance Insurance Insurance Agency 403-526-8800 414 Sixth Ave SE, Medicine Hat, AB, T1A 2S8
Scoop Insurance Insurance Brokers 866-456-6620 300 Lincoln St, Unit 22, Welland, ON, L3B 4N4
TSG Insurance Insurance Agency 403-526-3282 623 Fourth St. E, Medicine Hat, AB, T1A 0L1

Factors that affect your Medicine Hat car insurance premium

Several factors can affect your Medicine Hat car insurance beyond coverages and premium rates.

Let's say you like fast, expensive cars. They cost a lot to buy and also a lot to insure. Some are high-performance and expensive to maintain and therefore replace. Some are also high on thieves' lists of must-have items. Be mindful of the make and model of the car you want to drive and how that can drive up costs.

Your experience and insurance history will also play a role in affecting your car insurance. The longer you've driven and the cleaner your record, the better your rates will be. Providers will consider you lower risk and be willing to offer discounts for experienced drivers.

Postal code can also play a factor in your Medicine Hat car insurance. Some locations may have higher theft numbers, higher density or traffic. Insurance providers will look at postal codes to assess you, even if your record varies from the wider population. It may be "postal code discrimination," but it's reality.

Tips to get cheap car insurance in Medicine Hat

  • Comparison shop. Use RATESDOTCA to help you compare and decide which providers have the cheapest Medicine Hat car insurance for your needs.
  • If you're in the market for a car, compare the insurance costs of different models and makes. Higher-performance cars can cost more to insure.
  • Ask your provider to raise your deductibles to lower premiums.
  • Take advantage of mileage discounts. If you drive a low number of kilometres per year (in the area of 10,000 km), your provider might be willing to lower your premiums.
  • Ask about bundling. If you have other insurance needs and can bundle products through one lender, you might be able to save on your car premiums.
  • If you have more than one vehicle, you can save up to 20% by insuring them on the same policy.
  • Review your policy annually. You may find that your needs change year-to-year and car reduce coverages to lower premiums.

Frequently asked questions about car insurance in Medicine Hat

Find the answers to all your questions about car insurance in Medicine Hat here.

Which company has the cheapest car insurance in Medicine Hat?

One of the best ways to find the cheapest car insurance in Medicine Hat is by using sites like RATESDOTCA. Rate comparison sites allow you to shop for all the major car insurance providers efficiently and easily.

What are the best car insurance companies in Medicine Hat?

The best car insurance companies in Medicine Hat are the ones that you find and give you the best options for your needs at the best rates. Comparison shopping, working with brokers, asking around and doing your homework on your local providers will help you make your decision. Each person's needs are different, so it’s best to gather as much information as possible to make an informed choice that works for you.

Can I get month-to-month car insurance in Medicine Hat?

The simple answer is no. Standard car insurance policies last for one year.

Some insurance companies offer policies that are six months long instead of the usual term of one year. Because those contracts are relatively hard to find, you may have to purchase a conventional policy and cancel it when you no longer need it. You'll be charged a fee for cancelling before your renewal period (a percentage of your annual premium usually).

How do I get car insurance as a new driver in Medicine Hat?

As a new driver in Medicine Hat looking for car insurance, it's best to start by comparison shopping on RATESDOTCA. Finding the best rates and the options that suit your needs is only a few clicks away.

It's also wise to enroll in driver education classes, which provide valuable training and can help reduce insurance costs for new drivers. Many providers see lessons as a risk reducer for the new driver.

Consider adding yourself to another policy (parent or relative) to help reduce costs.

Is ride sharing insurance available in Medicine Hat?

Medicine Hat, like most medium-sized or small towns, has taxi services for its residents. Recently, city council voted to allow ridesharing in the city. The company, 24/7 Rideshare Services, offers citizens typical rideshare options, including food delivery.

Insurance as a 24/7 Rideshare Services driver is needed and can be acquired as a ride-sharing endorsement to ensure you are covered as a ride-sharing employee. Be sure to notify your insurance provider of your intentions before you begin driving for a ride-share platform. Not doing so could result in your policy being voided.

*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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