The Automobile Insurance Rate Board (AIRB) of Alberta regulates the criteria car insurance companies can use to rate customers; this directly impacts Edmonton car insurance prices. The auto insurance industry is also overseen by the Alberta Superintendent of Insurance. It is mandatory to purchase insurance coverage from a private insurer if you drive a vehicle in Edmonton or anywhere else in the province. There are three mandatory coverages, which everyone must have, and multiple optional coverages available, depending on your needs.
Mandatory insurance for drivers in Edmonton
Without this minimum coverage, you are not able to register your automobile. Driving an unregistered and uninsured automobile is illegal in Canada.
Optional insurance for drivers in Edmonton
Most drivers in Edmonton supplement the mandatory (basic) insurance by purchasing additional coverage. Here are some of the optional coverages available to drivers in Edmonton:
The Grid program
The Grid rating program was developed to establish the maximum rate insurance companies can charge for basic coverage. Over 90% of Alberta drivers do not pay grid rates, according to the AIRB.
Insurance companies must compare a driver's rate under their current rating program to a driver's rate calculated for the grid and charge the lesser of the two rates.
A Grid step is a position on a scale that measures licensed experience and at-fault accident claims. Each step is associated with a percentage used in the grid rate calculation. These steps are part of the Grid Rating Program, which sets maximum rates for basic auto insurance coverage (third-party liability bodily injury, property damage tort and accident benefits) that insurance companies can charge. The number of collisions and driving experience determine a driver's Grid step.
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|Savings: $2,710 (33%)|
|Savings: $499 (34%)|
On average, Edmonton drivers pay some of Canada's highest auto insurance premiums. The highest estimated average car insurance premium is $2,195. The lowest estimated premium is $1,940.
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 data 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|
The cheapest car insurance in Edmonton can be found in the T6T and T6J postal code areas at $1,940 per year. The neighbourhoods within these areas include Larkspur, Laurel, Silver Berry, Southeast Edmonton, Blue Quill, Calgary Trail South, Duggan, Ermineskin, Greenfield, Keheewin, Rideau Park, Skyrattler, and Southwest Edmonton.
Use InsuranceHotline.com to find an insurance provider who can get you the cheapest car insurance quote.
Shopping around is not the only way to find affordable auto insurance in Edmonton, but calling individual companies for comparative quotes can take a long time.
This is where InsuranceHotline.com can help. Answer a few questions about your driving experience, and we will show you multiple quotes in one place. Comparing cost and coverage has never been so simple.
Our service is free, and last year, drivers in Alberta who compared quotes on InsuranceHotline.com saved an average of $727.*
Automobile drivers in the big cities of Alberta end up paying way more for car insurance than ones in smaller cities, with Edmonton being the second most expensive city for insurance after Calgary. It costs Edmonton drivers $412 more per year than the cheapest car insurance cities like Sylvan Lake, Red Deer and Medicine Hat.
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|
Edmonton drivers can see their auto insurance change or be different from others depending on their driving expertise, claims history and more. These factors affect car insurance premiums:
While comparing quotes is the best way to find cheaper insurance in Edmonton, there’s more you can do to drive the price down.
Most Edmontonians have a $500 deductible, but if you are willing to increase it to $1,000, you can save up to 10%.
Pay your premiums annually, in one lump sum, to avoid administrative fees associated with monthly payments.
If you have more than one vehicle, save up to 20 % by insuring them on the same policy.
Each year, review your details and any optional coverages as listed on your policy. If you have moved jobs and commute less than before for example, a reduced annual mileage will lower your rate.
Ask your provider about any group discounts they offer. The most popular association discounts for Edmonton drivers are for the University of Alberta Alumni Association, NAIT, NAIT Students, MacEwan University, AUPE and University of Alberta Students.
Winters in Edmonton are notoriously cold and freezing, and wintry conditions inevitably lead to a spike in car accidents. Insurance companies will reward you with a discount of up to 5% if you have winter tires.
Young drivers (under the age of 25) are a high-risk demographic for insurance companies and pay the most for coverage. Insurers will offer better rates to young Edmontonians who complete an accredited driver's training course.
*Shoppers in Alberta who obtained a quote on InsuranceHotline.com from January to December 2021 saved an average of $727 per year. The average savings represent the difference between the shoppers’ average lowest quoted premium and the average of all other quoted premiums generated by InsuranceHotline.com.
Here are some of the most frequently asked questions from drivers in Edmonton:
Drivers in Edmonton cannot legally operate a vehicle without owning car insurance. Basic coverage (third-party liability and accident benefits) is required by law to ensure that you have adequate protection in the event of an accident, regardless of who is at fault.
Edmonton is one of the largest cities in Canada with a metro population of over 1.13 million (as of 2022). Bigger cities have higher insurance premiums than rural areas due to a higher rate of collisions and auto theft.
Several factors determine what your car insurance is going to cost you. Factors like your choice of vehicle, driving patterns and history and the place you live can increase or decrease your auto insurance premium. Compare multiple auto insurance quotes and comparables on InsuranceHotline.com before zeroing in on one.
Find out who offers the cheapest auto insurance in Edmonton by shopping around. At InsuranceHotline.com you can compare auto insurance premium quotes by different insurance providers and make an informed choice of what’s best for you.
Several factors play a role in increasing or decreasing your auto insurance. Edmonton drivers must consider the following factors when applying for auto insurance:
Shopping around is the only way to find affordable auto insurance in Edmonton, but calling individual companies for comparative quotes can take a long time.
This is where InsuranceHotline.com can help. Answer a few questions about your driving experience and we will show you multiple quotes on one place. Comparing cost and coverage has never been so simple.
Our service is free and last year, drivers from Edmonton who compared quotes on InsuranceHotline.com saved an average of $484.74!