#vehicle insurance rates
Compare Car Insurance Quotes to Get the Lowest Rates in Alberta
With mountains and prairies and foothills in between, Alberta can lay claim to some of the most scenic roads in the nation. Drivers in Alberta also enjoy relatively cheap auto insurance premiums, thanks in part to efforts by the province’s regulators.
Even better news is that with the technology embedded in car insurance comparison websites like LowestRates.ca, you can find the most competitive auto insurance quotes in seconds from all the top insurers.
Below is some useful information for Alberta motorists to keep in mind as they shop for an auto insurance policy.
How do car insurance comparison sites work anyway?
Insurance comparison websites like LowestRates.ca simply take your driver information and, using propriety technology, generate and rank the best quotes available from all the top auto insurance companies in the province you live in. Once you select your quote, one of our professional insurance brokers will lock in your rate with the insurer and help you get set up with your new policy. The entire process only takes a matter of minutes. Not only will you save time and money – you’ll also have the satisfaction of knowing you got the cheapest car insurance rate available!
How does auto insurance pricing work in Alberta?
While Alberta has a private auto insurance market, insurance rates themselves are nonetheless heavily regulated by the provincial government. Two agencies, the Automobile Insurance Rate Board and the Office of the Superintendent of Insurance, oversee car insurance rates in Alberta.
In 2004, Alberta imposed a premium grid on auto insurers, which sets maximum premium levels for basic coverage. The grid takes into account factors such as where you live, how many years you’ve been licensed, how many claims you’ve had in the previous six years, and the number of driving convictions on your record.
Even with the premium grid, Alberta auto insurance rates can vary wildly, which is why it’s so important to shop around for a policy.
What are the factors that determine auto insurance rates in Alberta?
Auto insurance rates in Alberta are determined by a variety of factors, including:
- Your driving experience
- Your driving record
- Use and location of your vehicle
- The type of vehicle you drive
- The amount of coverage you’ve selected
- Your age and gender
How do Alberta auto insurance rates compare to other provinces?
Alberta auto insurance premiums are about average among provinces in Canada.