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Edmonton Drivers can Bundle their Auto & Home Insurance and Save.
By purchasing your Edmonton auto insurance from Leibel Insurance brokers, you can receive substantial savings of up to 25% on your auto insurance rates.
Now, to speak directly with an Insurance Broker about Edmonton Car Insurance, or complete a no-pressure, no-obligation quote request form today.
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Save up to 25% by bundling your Home & Auto insurance. Save on average $525 a Year!
Is Car Insurance Mandatory in Edmonton?
Car insurance is legally mandatory in Edmonton, Alberta. Drivers who get caught without valid proof of insurance get penalties that include fines and license suspensions.
Law compliance isn’t the only reason you need car insurance in Edmonton. Car insurance protects you from many unpleasant surprises, like accidents, liability claims, extreme weather conditions, and more.
What Do I Need to Get Car Insurance in Edmonton?
To get car insurance in Edmonton, you need to provide:
- Basic vehicle information
- Driver’s information
- A valid driver’s licence
- Driving history record
- Vehicle registration
How Does Car Insurance Work in Edmonton, Alberta?
In Edmonton, Car insurance operates under regulations that are outlined in the Alberta Insurance Act. The regulations include a minimum amount of coverage that any driver is required to get. It also requires all insurance companies to offer the basic amount of coverage to anyone requesting an auto insurance policy with no exceptions.
The Alberta Insurance Act also allows drivers to purchase additional coverage with no limits.
Alberta is currently not a no-fault province, but they’re planning a shift soon, which means that soon in Edmonton, your insurance company will reimburse you for damage to your car even if you’re not at fault.
Edmonton’s Best Car Insurance Broker
Contact Leibel Insurance’s broker today for a vehicle Insurance quote in Edmonton and Calgary, as well as other cities in Alberta and Ontario. Fill out a FREE auto insurance quote near you request form or call our office today.
What Are the Different Types of Auto Insurance in Edmonton?
There are two types of car insurance coverage options in Edmonton: Mandatory and optional coverage.
Mandatory Auto Insurance Coverage in Edmonton
All drivers in Edmonton must have the following car insurance vehicle coverage, as required by law:
A standard auto insurance policy has $200,000 in third-party liability coverage, which you can increase. This coverage gives financial protection if you cause damage or injure someone while driving.
With direct compensation for property damage, you get coverage in a not-at-fault accident for damage to your car, covering repair costs.
Also mandatory, accident benefits coverage compensates you with medical expenses and rehabilitation costs, income replacement, and other expenses if you are injured or killed in a car crash.
What Are Optional Auto Insurance Coverages in Edmonton?
- Uninsured automobile coverage: Uninsured automobile coverage protects you if you are in an accident with an uninsured driver and they are found at fault. Sadly, while insurance is mandatory in Edmonton, there are people who will drive without an insurance policy, and this type of coverage would protect you in these situations.
- Comprehensive Coverage:
will cover damages that happen to your car outside of a car accident, such as theft and vandalism, offering you peace of mind from any of those events.
- Collision coverage will cover damages that happen to your car in a car collision with other cars or objects.
- All perils combines collision and comprehensive coverage with increased theft protection as well.
What Are Car Insurance Endorsements in Edmonton?
Car insurance is not a one-size-fits-all. We can help you customize your car insurance policy, adding endorsements to enhance your protection. Here are the most common car insurance add-ons.
- SEF 19A: Valued automobiles is an endorsement designed for classic cars with actual value much higher than their depreciated value.
- SEF 20: Loss of use coverage comes in handy when your car is being repaired. You can use it to get reimbursed for getting Ubers, taxis, or a car rental vehicle.
- SEF 27: Legal Liability for Damage to Non-Owned Automobile is a coverage that pays for damage you cause when driving a vehicle you don’t own, like a rented car.
- SEF 39: With an accident rating waiver, your premium rates won’t rise after your first accident.
- SEF 43: Limited waiver of depreciation waives the depreciation of your car if it needs to be repaired or replaced for a limited amount of time.
- Personal Umbrella Insurance: This insurance endorsement bridges the gap between the coverage you have and the coverage you need. If you need more than what you have, it covers the
How Much is Car Insurance in Edmonton?
The average annual car insurance premium in Edmonton is $2,124. Car insurance rates differ from one driver to another, based on many factors, like location, driving habits, claims history, age, gender, and more.
What Are the Factors that Determine Car Insurance Rates in Edmonton?
Your area affects your insurance premium since each area in Edmonton has different crime rates, weather conditions, and claim stats. For example, an average car insurance premium for a person living in postal code T6J would cost $1,940 per year. However, the average car insurance premium for a driver living in postal code T8A would cost $2,356.
The driver’s demographics also affect the price of car insurance. For example, a driver younger than 25 years old would get a high average annual car insurance rate.
In the same city, car insurance premiums differ between men and women, with women getting lower rates because they are less reckless. The average annual insurance rate for a woman in Edmonton is $1,912, while a man pays around $2,336.
The more coverage you add, the higher the insurance premiums get. Having higher coverage limits and more endorsements increases protection, but these additions add up. It’s important to be aware of what coverage you need to avoid getting overinsured and paying more.
The type of vehicle also affects the premiums. For example, driving a hybrid or electric vehicle can get you a discount because they are more eco-friendly. The car make and model also have an impact. A sturdy F-150 has an average car insurance premium of $1,893 per year. On the other hand, some expensive cars can cost significantly more because they are more expensive to fix, usually with spare parts that are hard to find.
The driver’s driving record is another pricing factor. A driver with a clean record who has never been involved in an accident gets a lower rate if they have been driving for a few years. In contrast, a driver whose record has a lot of tickets and at-fault accidents gets a much higher car insurance rate.
Adding more than one vehicle or driver to your insurance policy increases the costs. Still, it’s more cost-effective than getting a separate policy for each driver.
Get the best car insurance rates with Leibel Insurance Group. Get an online car insurance quote in Alberta now!
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How Do Tickets Impact Edmonton Car Insurance?
Insurance companies consider the driver’s tickets when calculating the price of car insurance in Edmonton. They have two categories for tickets.
- Minor traffic tickets: include speeding 1-49 km/h above the limit, following too close, improper turning, hogging the roadway, improper passing. These can increase your insurance rates by 25% per ticket. While the first infraction may be forgiven, the rest will stay on your driving record for 3 years.
- Major traffic tickets or serious traffic violations: include speeding +50 km/h above the limit, dangerous driving, racing, stunting, and DUI/distracted driving. These affect your car insurance shopping experience tremendously. Not only do you get a higher rate, but you also get limited options when it comes to optional coverage and the payment schedule.
How to Get Cheap Car Insurance in Edmonton for New Drivers
Follow these tips to get cheap auto insurance in Edmonton.
Bundle Policies
Bundle up for savings! Edmonton drivers can combine their home and Auto insurance for up to 25% off on insurance premiums! Learn more about our bundle insurance options.
Insure Multiple Cars
Rev up your savings! Insure multiple cars under the same car insurance company and save more on
Car Insurance.
Choose a Higher Deductible
The deductible is the amount you pay out of pocket before your car insurance coverage kicks in. Choosing a higher deductible can lower your premiums, but it also means you’ll pay more out of pocket if you need to make a claim.
Take Advantage of Discounts
Many insurance companies offer discounts for various factors, such as having multiple insurance policies with the same company, having a clean driving record, or installing winter tires. Be sure to ask your Edmonton auto insurance broker about any discounts you might be eligible for.
How Do Car Insurance Rates in Edmonton Compare to Other Cities?
Edmonton has one of the highest car insurance rates in Alberta, only second to Calgary by a small difference, which has an average car insurance rate of $2,032 per year. Depending on pricing factors, other cities pay significantly. For example, the average car insurance rate in Red Deer is $2,307, and in a small city like Medicine Hat, the average auto insurance premium is $1,150.
Why is Car Insurance so Expensive in Edmonton?
Here’s why Edmonton has high insurance rates.
- Edmonton has a high collision rate because of reckless driving, according to Alberta statistics, which means many car insurance claims are filed.
- The city has harsh driving conditions in winter, leading to more accidents.
- Residents prefer driving over other means of transportation, and the number of drivers is on the rise.
- There is a traffic congestion in the city because of the accelerated growth in the number of vehicles.
- Most vehicle drivers in Edmonton are SUVs and trucks, which are more expensive to insure because of high repair and replacement costs.
- Edmontonians commute for a long time, with an average of 25.6 minutes per commute, according to statistics.
How Do Car Insurance Claims Work in Edmonton?
Follow these steps to file a claim in Edmonton.
- Make sure everyone involved is okay. It’s important to call 911 as soon as you can, especially if there are injuries, damage, or if you are blocking a roadway.
- Move to a safe place, like the side of the road or a parking lot.
- Take the contact information of all other drivers and witnesses. Write down the make, model, and licence plate of the vehicles involved.
- Document the scene with photos and videos if you can, to take note of any damage.
- Contact your Leibel insurance agency in Edmonton to inform them that you want to file a claim.
- Keep receipts of all repair and medical expenses.
- A claim adjuster will contact you. Cooperate and provide all the documents they need.
- Wait for the insurance company’s offer. Sign it if accepted or negotiate it.
We help with claims advisory! As an independent broker, we want to ensure that your claims process is as smooth as possible. Get personal insurance quotes now!
Get a QuoteHow to Get Insurance on a Car: Compare Auto Insurance Quotes in Edmonton
Here’s a simplified three-step process for obtaining a car insurance quote through Leibel Insurance.
- Contact and Initial Consultation: Contact us by phone or submit a request using our “Get a Quote” form to set up an appointment. Discuss your Edmonton car insurance needs and preferences with one of our brokers, including flexible coverage options and any specific requirements.
- Quote Comparison and Presentation: We gather Car Insurance quotes from our list of approved Canadian Insurers. We will compare the coverage options, deductibles, and premiums offered by each insurer and present you with the best available options based on your needs and budget.
- Policy Selection and Finalization: Review the auto insurance quotes provided by Leibel Insurance and select the policy that best meets your requirements.
Complete the application process with our assistance, providing any necessary documentation. Once the policy is approved and issued by your chosen insurance company, arrange for payment of the premium and receive proof of insurance.
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Car Insurance Edmonton FAQs
To lower your Edmonton car insurance, consider bundling your policies, maintaining a clean driving record, choosing a higher deductible, or asking about discounts.
When it comes to finding the best car insurance policy, it depends on your insurance needs and budget. We can help you find the best option tailored to your needs. We compare different options and give you great deals to choose from the best insurance companies in Edmonton.
It is best to shop for car insurance when you purchase a new vehicle to be able to get vehicle registration. If you already have car insurance, you should start shopping before the renewal date.
Yes. Paying for car insurance upfront is cheaper as you will be saving on interest and administrative fees.
No, in the standard is a one-year policy. Some auto insurance companies in Edmonton offer 6-month policies.
Your own insurance policy will likely provide coverage for your physical injuries and potentially for damages if you have an Uninsured automobile coverage or Family Protection endorsement.
Fault matters in Edmonton, AB, car insurance, as Alberta isn’t a no-fault state for now. Fault determines whose insurance company pays for damage and injuries.
The grid rating in Edmonton is a metric that car insurance companies use to calculate insurance rates based on driving history.
No, photo radar tickets have no impact on insurance rates.
Yes, men do pay higher insurance rates than women in Edmonton across all ages.
Replacement cost and actual cash value are both loss settlement options. If your car is damaged in an accident, the replacement cost pays you to replace the car with a similar car or one that has a similar value. Actual cash value, on the other hand, pays for the market price of your car, minus the depreciation.
Yes, ridesharing can get insurance coverage through the commercial policies provided by their companies. It is mandatory for ridesharing companies, like Uber, to provide their drivers with insurance. The drivers can also get a ridesharing endorsement on their personal car insurance.
Getting the minimum required car insurance is the cheapest way to get car insurance. It consists of third party liability insurance, accident benefits, and direct compensation property damage.
Yes, we can help you buy car insurance online from the comfort of your home. All you have to do fill your information to get a quote. We’ll take it from there.
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