Edmonton definitely justifies his nickname "Gateway to the North." Being the fifth largest city in Canada and home to nearly 1 million people, Edmonton is thriving. Along with the growth of infrastructure and the population on the roads of Edmonton there is a surge in vehicles. All these drivers have to get along, and there is no shortage of routes to get anywhere; With a network of connecting roads, you can easily get from Summerside to St. Louis Albert.
If you go on a journey through the prairies or travel daily through the Calgary Trail, all drivers in Edmonton need auto insurance. Prices change in Alberta, so every driver in Edmonton should take advantage of shopping at prices to get the best rate.
Let's see what happens with auto insurance in Edmonton.
Average car insurance rates in Edmonton and Alberta
In 2017, insurance premiums for Alberta auto averaged $ 122 per month, while insurance premiums for auto insurance in Ontario averaged about $ 161 per month in 2017. Drivers in Albertana pay 25% less for car insurance than Ontario drivers.
It is interesting to note that on average, women pay less for Alberta’s premium insurance premiums than men - $ 116 per month compared with $ 126 per month paid by men in 2017, but this is a fairly standard standard in Canada.
Young drivers in Edmonton (aged 25 and over) paid about $ 201 a month in 2017 for Alberta car insurance. Alberta auto insurance premiums decrease as drivers grow. For example, in 2017, people aged 31–35 paid about $ 152 a month, people aged 46 to 50 paid about $ 122 a month, and people aged 56 to 60 paid about $ 100 a month .
Alberta drivers with a taste for luxury cars can expect an increase in car insurance rates. Drivers with cars priced from $ 40,000 to $ 80,000 paid about $ 170 per month for their promotions in 2017.
For Albertans, who decide to buy a modest car worth between $ 10,000 and $ 20,000, they can expect their insurance premium in Alberta to be about $ 123 a month. This means that the rates will be the same for more luxurious models of compact car brands, such as Kia, Mazda, Ford, etc.
Auto Insurance Facts
- LowestRates.ca (an online website for comparing car insurance prices, credit card rates, loans and mortgage rates) launched a report on the 2018 car insurance price index. This is Canada’s only price index to use proprietary data to track average quarterly car insurance costs paid by Canadians. The data comes from hundreds of thousands of quotes processed each year at LowestRates.ca. The index report shows that since the fourth quarter of 2016, the price of Alberta car insurance increased by 5.1 percent in 2017, which means that the average Alberta driver paid more for car insurance in 2017 than in 2016.
- The police have jurisdiction when it comes to deciding who is criminally responsible for a car accident, but when it comes to car insurance requirements, the insurance company makes a decision. This is an insurance company that will investigate the collapse and decide who is to blame, that it will absolutely decide whether the insured should pay the deductible.
- Statistics from the Canadian Bureau of Insurance (IBC) 2014, the 10 most stolen cars, showed that cars made from 1999 to 2007 were in the top 10. Industry experts believe that some of the reasons why thieves are targeting older cars are that they have fewer anti-theft devices. In addition, IBC states that sometimes car owners make it too easy for car thieves to get away with their vehicles. About 20 percent of all stolen cars had keys left in them.
- Although parking tickets are a pain and an unacceptable expense for drivers, insurance companies do not care about how much a driver has; that they do not affect car insurance rates. However, if the tickets are not paid, you will not be able to renew the license or registration of your driver; and if your driver’s license is suspended, it will affect your insurance rates.
