Arleen saved big by comparing car insurance rates in Alberta.

There are many ways to save on your Alberta auto insurance premiums, but none are more effective than shopping around. How can we be so sure? Well, on average, InsuranceHotline.com shoppers save $700* after comparing car insurance quotes with us; and, all it takes is a few quick minutes to get your quotes from our network of over 30 insurance providers.

It’s as easy as 1, 2, 3.

Drivers in Alberta pay the third most expensive premiums in the country; it’s estimated that the average Alberta premium comes in at about $1,179 per year. However, every driver’s situation is unique and the best way to see how much Alberta car insurance will cost you is to compare rates. Where you live, what you drive, your driving and insurance history, as well as the coverage options you choose to include on your policy all play a role in the rate you pay.

According to a report commissioned by Ontario’s Ministry of Finance, Alberta drivers pay an average of $1,179 for their auto insurance coverage. This is less than what drivers in neighbouring British Columbia pay ($1,316) but more than what drivers in Saskatchewan pay ($775).

Which car insurance company is the cheapest in Alberta?

Real Alberta drivers, real Alberta auto insurance savings

Compare quotes tailored specifically for you and not only will you see how much it will cost you to insure your car but you’ll also see how much you can save!

There’s a lot you can do to ensure that you’re getting the best price for your auto insurance, and the following top 10 tips will help ensure you’re not overpaying for your coverage:

1. Shop around
   In Alberta, rate changes are approved every 3 months with the Alberta Automobile Insurance Rate Board (AIRB). Sometimes a few insurers change their rates, but other times many do.
2. Increase your deductibles
   Save in the neighbourhood of five to 10 per cent by increasing your deductibles to $1,000 if they’re currently sitting at $500.
3. Pay your premiums all at once
   Pay your premiums annually, in one lump sum, to avoid pesky administrative fees that are sometimes charged for the convenience of monthly payments.
4. Bundle your policies
   Save five to 15 per cent when you buy your home insurance from the same company that covers your car.
5. Insure all cars together on the same policy
   If you have more than one vehicle, save up to 10 to 20 per cent by insuring them on the same policy.
6. Review your policy annually
   Each year, review your optional coverages. If they’re no longer needed, this is one way to shave off some costs.
7. Ask about discounts
   There are oodles of discounts. Ask your provider about the ones they offer. You never know what you might find.
8. Change your tires seasonally
   Let your insurer know if you have winter tires, as some providers offer a winter tire discount. If available, the discount typically comes it about five per cent.
9. Go to school
   Encourage young drivers to take driver’s training. The insurance savings typically offsets the cost of the course, in the first year.
10. Moving? Buying a new car? Shop around
    Where you live and what you drive are two important factors in what you pay for coverage. If you move or buy a new set of wheels, don’t assume your current provider will continue to offer you the best price. Shop around to be sure.

What will my Alberta auto insurance policy cover?

Alberta’s standard auto insurance policy is made up of two mandatory components, third party liability and accident benefits. However, there are optional coverages that you can add in too, the most popular being collision and comprehensive. Both of these optional coverages will pay to fix your vehicle if damaged. Collision will pay for damages resulting from an accident, while comprehensive will pay for damages caused by things like hail, theft, or vandalism.

How does Alberta’s car insurance grid rate calculator fit in?

First introduced in 2004, the Auto Insurance Grid rating program sets the maximum premium that insurer’s can charge for basic coverage (i.e. third party liability and accident benefits). According to the AIRB, about 94.5 per cent of Alberta drivers pay less than the maximum set out by the Grid program.

Where a driver lands on the Grid is determined by several factors including: years licensed, at-fault claims, tickets, years since your last at-fault collision or ticket, and driver training if a new driver. Drivers move up or down on the Grid, as their driving record changes. The lower your Grid Level the better.