Alberta is stunning. Boasting the Rocky Mountains, desert and Prairie, the province’s contrasting geography is a major draw – but its wild character is what makes it unpredictable and a challenge to drive in. Whether you’re using your vehicle for daily commutes into Calgary or escape to Crowsnest Pass to fly-fish, you’ll need a great car insurance policy to give you coverage on the road.
As a car insurance broker, PC insurance shops at up to nine car insurance companies to ensure you receive the best rates we can get for your situation. And are available 24/7 to help you with claims.
When you pay your PC insurance premium with your PC Financial Mastercard®, you earn 2X the regular PC Optimum points – redeemable for free groceries, fashion and more at participating stores. Minimum redemption is 10,000 PC Optimum points (worth $10 in free rewards).
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Our team of PC auto insurance brokers compare quotes from up to nine car insurance providers across Alberta at once. By comparing different car insurance plans, we can provide you with a list of options which work for you.
PC insurance works with the following auto insurance companies in Alberta:
Beyond taking into account the wide range of driving conditions in Alberta – the Prairie north of Edmonton, the mountains around Banff, the rolling foothills of Lethbridge – determining which insurance is right for you and how your premiums are calculated is an intricate multi-value equation. Here are some of the many factors considered when it comes to setting insurance rates in Alberta:
The make, model and year of a vehicle are key considerations when setting auto insurance rates. Alberta considers risk-factors such as theft rate, accident frequency and cost of replacement parts, then sets rates accordingly.
Where you live in Alberta can have a large impact on what kinds of rates are available to you. Local factors such as crime rate, accident frequency, and general driving conditions are all taken into consideration.
In Alberta, insurance premiums for older drivers are often lower. Experienced drivers are considered less of a risk to insure because they can provide extensive driving records and typically enjoy lower insurance premiums.
When you are applying for car insurance, be sure to tell your broker as much information as you can about where and how you use your vehicle to ensure that you not only get a great rate, but also get the proper coverage for your situation. For example, your premium is likely to be lower if you are driving your vehicle for pleasure on weekends than if you are commuting daily.
In Alberta, the Automobile Insurance Rate Boards manages the Grid Rating System which using a grid and a series of variables, sets the maximum premiums that serves as the cap insurers can charge for coverage. In most cases drivers will pay less. Insurance prices will differ based on a variety of reasons, including vehicle, age, gender, amount of coverage driving experience, and even where you live.
By law, a vehicle in Alberta needs to be insured for a minimum of $200,000 in third-party liability. But this amount is usually higher for the average driver, with 98 per cent of Alberta vehicles insured for at least $1 million in third-party liability. This higher figure is due in part to the harsher road conditions and unpredictable weather of this province.
Since car insurance is privatized in Alberta, there is tremendous competition amongst providers, who offer incentives to help drivers lower their rates and reduce their risk to insure. Here are some common ways you can take advantage of car insurance provider incentives:
Beyond providing an extra level of safety when driving in winter, many insurers offer a discount to drivers with winter tires.
If you have installed an anti-theft device on your car, such as an alarm system or steering-wheel lock, many insurance providers will offer some savings on your premium.
If you own more than one vehicle, you may be eligible for savings on your auto insurance premiums if you insure all vehicles with the same provider.
Some insurers will offer a discount to drivers of hybrid or fully-electric vehicles.
Most insurers will offer a discount to customers who opt to combine both home and auto insurance. It’s one of the easiest ways to save money each month.
Unsure of what you should be doing after your teen gets his or her license? Adding a new driver in the family to an existing car insurance policy can ensure that they’re covered when they get behind the wheel. Here are some points to consider:
As experts in their field, car insurance brokers can help recommend insurance options which work for both you and your new drivers. For example, by consulting up to nine insurance providers in Alberta, a PC auto insurance broker can provide you with multiple options which fit best for your situation.
Adding secondary drivers to an existing car insurance policy in Alberta can ultimately save you and your new drivers quite a bit of money. Not only will your new drivers benefit from your existing coverage, but they can potentially be paying less in premiums than if they sought out solo insurance options.
Most car insurance providers in Alberta offer special discounts to new drivers who successfully complete a comprehensive accredited driver’s education program.
It’s important to let your insurance provider know how often a new driver will be driving and in what capacity. For example, if your new driver is primarily going to be driving a short distance to their part-time job, they are less at risk for an accident than if they were to commute daily, two hours each way. This lowered risk may mean lowered premiums.
Not every car insurance policy will be the same in terms of what and how much they cover. In order to choose a policy which works best for your situation, be sure to provide as much information as possible when you’re shopping around. Legal insurance minimums, for example, are substantially lower than the actual third-party liability coverage that the majority of Albertan drivers have.
Speak with a PC auto insurance broker to explore different car insurance options for your situation.
To legally insure a vehicle in Alberta, there are four primary types of car insurance which must be present:
Provides coverage if you get sued after an accident where you are found to be liable.
Provides coverage for occupants of a vehicle, including yourself, in the event of an accident where medical costs are due.
Helps with repair costs when your vehicle is damaged in an accident where you are found not at fault, or only partially at fault.
Provides coverage for you in the event that you are involved in an accident with an uninsured driver, or are the victim of a hit-and-run.
Optional car insurance additions from PC insurance are:
Comprehensive: Provides coverage to you in the event that your vehicle is stolen, or suffers damage from fire and vandalism.
Collision & Upset: Helps cover damage in the event that your vehicle rolls over, or is struck by an object, such as a guardrail, during an accident.