Calgary Car Insurance Reference GuideObtain the lowest car insurance rate in Calgary. Compare auto insurance quotes quickly and select from the most favourable premiums offered.
Enjoy substantial cost savings on your insurance today. The best rate for car insurance in Calgary can be found in a matter of minutes. Just use the most accurate industry comparison tool on the market at Kanetix.ca
to get the best rates from the most insurance providers.
Compare Calgary auto insurance quotes today
and secure the least expensive premium. Not only is it simple to use but it's quick and safe.
- Enter your vehicle and driving details once
- Be sure to look over all your quotes to make sure you lock in the best price
- Connect with us (online or on the phone) ) and ensure you make the best decision and get the lowest rate
The Basics of your Car Insurance Policy
In Alberta, there are a mix of mandatory and optional coverages available to drivers. The following are the mandatory coverages needed to be on the road in Calgary:
- Accident Benefits: Accident Benefits covers the people in a vehicle in the event of injury. Coverage can include medical and rehabilitation costs, funeral expenses, death benefits, as well as income replacement.
- Third Party Liability: Third Party Liability coverage pays for a legal claim against the policyholder in the event that they are responsible (whether wholly or partially) for a collision that causes injury or damage to a third party. The minimum limit requirement is $200,000 although most drivers go with at least $1 million.
To ensure that you're protected in the way you expect to be covered, optional coverages can be added to your Calgary car insurance policy. The two most common optional coverages are:
Collision coverage: This covers damage to your vehicle as a result of an impact or collision with another vehicle or object.
Comprehensive coverage: : This insures your car against damage caused by events like theft and vandalism.
Both of these optional coverages usually have a deductible, which is the portion of an insurance claim you agree to pay. Depending on what you select as your deductible, it will be factored into how your auto insurance premium is calculated. By going with a higher deductible, the lower your rates
The Value of Deductibles, Discounts, and Other Ways to Save on Car Insurance
Seasons Change and so Does Your Car Insurance
Depending on your needs, you may also add on these popular coverages to your Calgary car insurance policy:
Loss of Use This coverage pays for a rental car or alternate transportation while your automobile is being repaired if damaged in a collision.
Legal Liability for Damage to Non-Owned Automobiles: This extends your physical damage coverage and deductible on your personal vehicle to a rental vehicle so that you don't have to take the coverage offered by a rental company.
Limited Waiver of Depreciation: This ensures you will receive the full value of what you paid for your car if totaled in a collision.
What Goes into Your Calgary Car Insurance Rate?
The Stampede City, as it is sometimes referred to, is 80 km east of the Canadian Rockies. With more than 1.2 million residents, Calgary remains the largest city in Alberta. Calgary's growing population has fuelled a lot of road construction over the years and continues to improve. Drivers should be aware of some areas that bottleneck, as the lack of road capacity can be a hindrance.
Drivers in Calgary certainly have to exercise caution and patience while traveling. Incidentally, the average age of drivers shopping for car insurance from Calgary on the Kanetix.ca website is 37 and male drivers overwhelmingly (70%) outnumber female (30%) drivers. Most, if not all, of these drivers will certainly come to appreciate what factors influence their insurance rates. Among the most basic elements are where you live in Calgary, your commute, the car you drive, and your driving history.
Where You Live in Calgary
With massive construction and specialized cameras to enforce speed at many intersections, driving in Alberta's largest city can be demanding. There are certain areas that have more traffic than others or have a history of more accidents and collisions. Insurance agents and brokers use the available residential data and information to help determine the rates customers should pay. It is often the case that those residing in the suburbs get a break on the cost of insurance compared to downtown dwellers.
Reports show that the average one-way commute in Calgary is about 27 minutes. Many residents are comfortable using public transportation to get to work, and for those that do, they fare better in terms of insurance rates than those who drive in each day. Similarly, those working closer to home are more likely to get a cost break on insurance costs.
The Car You Drive in Calgary
Car insurance companies use vehicle model and year as a basic component in determining car insurance rates. It's easy to understand why; some cars have higher theft rates than others, some models cost more to repair and some are safer to drive. Expect insurance companies to examine automobile model statistics and rankings carefully when compiling premiums.
The most popular car that drivers are shopping for auto insurance in Calgary is the Honda Civic. The Toyota Corolla and the Mazda3 are the second and third most commonly insured automobile, followed by the Honda Accord. The Ford F150 holds down the fifth spot.
Your Driving History
It's a fact of life we must deal with. We will be judged on past behaviour because others feel it is a predictor of future behavior. Insurance companies see the wisdom in this also; therefore, expect them to pay attention to tickets and traffic charges on your driving record. However, they are also fair and good driving behaviour will often result in a reduction in your overall insurance cost.
More than fifty per cent of all drivers in Calgary have had at least one car accident, as reported while getting their auto insurance quotes. More precisely, 59 per cent have reported at least one incident. Substantially less drivers (48%), report that they have received at least one ticket. When you look at gender differences, 51% of males and 42% of females report having one ticket, as gleaned from quote information obtained on Kanetix.ca.
Safe Driving in Calgary
With a reported annual snowfall of 128.8 cm (50.7 inches), it makes sense that the vast majority of Calgary (83%) drivers install winter tires. It is also interesting to note that 32 per cent of motorists there use some form of roadside assistance. Some insurance companies do offer a slight discount for such programs and Calgary drivers should consult their providers to see if they qualify.
Check for Further Discounts
Insurance shoppers are always on the lookout for lower prices. One of the best methods is to take advantage of multi-line discounts. Basically, it is combining other policies, such as home insurance with one provider. Clearly the tactic is of benefit, as almost 54 percent of Calgary insurance customers indicate they will apply for multi-line discounts from their providers.
While looking into those savings, Calgary drivers should also ask about other discounts. For example, don't forget to mention to your provider that you have completed a driving course (if you have!). If you have added security features to your car or have an alarm installed in your garage, there are additional discounts available.
Shopping around can Save You Money
Comparing Calgary auto insurance rates on a regular basis will ensure you're not overpaying for your coverage when it's time to renew. When your lifestyle changes, or you get married, move, or buy a new car, these are also good times to save and get a
lower auto insurance rate
*59.2% of Kanetix customers in Alberta who participated in the survey said Kanetix helped them identify an average savings amount of $754.89 (May 1, 2015 - July 31, 2015) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.
How to save with Kanetix