Cheapest Car Insurance Calgary: How Does Auto Insurance Work In Calgary?

Cheapest Car Insurance Calgary: After spending so much time and money on your ideal car, one of the first things you should do is get insurance for it.

Owners of vehicles used on public roads are required to carry third-party liability insurance following Act 195.

It’s important to remember that different types of insurance coverage will provide different levels of benefit.

Some of the few organizations providing excellent services and incentives have been listed below in this article.

What Is The Mandatory Insurance In Alberta?

Section A:

Personal liability and property damage (PLPD).

More commonly known as third-party liability, this covers medical bills and repair costs for other drivers in the event you are at fault in a car accident.

Drivers in Calgary must have a minimum of $200,000 PLPD to satisfy provincial regulations.

Section B:

Accident benefits.

This coverage will help pay for medical and rehab treatment, funeral expenses, death benefits, and salary replacement in the event you, one of your passengers, or a pedestrian is injured or killed in a car accident, regardless of who is at fault.

A basic Alberta car insurance policy only contains these two provisions, but according to provincial data, over 90% of Calgary’s drivers opt for additional protection by increasing their coverage limits and/or adding optional coverages to their policies.

Optional Insurance In Alberta

Section C:

Collision and/or comprehensive insurance

Collision helps pay for damage to your vehicle following a collision. Comprehensive pays for loss or damage to your vehicle after a “named peril” such as fire, vandalism, or theft.

Many drivers opt for both collision and comprehensive, but depending on the value of your vehicle, you may decide to get one over the other, or neither. The more coverage you choose, the more coverage you will have, and the more your insurance policy will cost.

How Much Does Car Insurance In Calgary Cost?

On average, Calgary’s drivers face some of the highest car insurance rates in the province, second only to drivers in Edmonton.

The average premium paid by a single driver with one car in Calgary is $1,500 per year or $125 per month.

In comparison, the provincial average for Alberta is $1,316 per year, or $109.67 per month (Insurance Bureau of Canada 2019 report).

Experts suggest rates will further increase this year; according to the most recent data (January 2021), the average premium for an inexperienced driver in Calgary is up to $3,491.

What Can I Do To Get Cheaper Car Insurance In Calgary?

There’s a lot you can do to ensure that you’re getting the best price for your auto insurance, and the following tips will help ensure you’re not overpaying for your coverage:

• Shop around

Calgary’s private auto insurance industry means many companies are competing for your business. Compare multiple rates before you purchase a policy to ensure you have the best deal.

• Increase your deductible

If your deductible is currently sitting at $500 and you are willing to take on a higher portion of the risk, save up to 10% by increasing it to $1,000.

• Pay your premiums all at once

Pay your premiums annually, in one lump sum, to avoid administrative fees that are sometimes charged for monthly payments.

• Bundle your policies

Save up to 15% when you buy your home insurance from the same company that covers your car.

• Ensure all cars together on the same policy

Many Calgary households have more than one vehicle. Save up to 20% by insuring them on the same policy.

• Review your policy annually

Each year, review your optional coverages. If your circumstances have changed and they’re no longer needed, slim down your policy for a lower premium.

Which Companies Offer The Cheapest Car Insurance In Calgary?

Sharp Insurance – Calgary

Address: 1331 Macleod Trail SE #300, Calgary, AB T2G 0K3, Canada
Phone: +1 403-590-2008

Sharp Insurance is a multi-award-winning, privately-held insurance agency.

Our Calgary, Alberta headquarters serves as the hub for our rapidly expanding brokerage, which serves clients across the country.

We source from multiple marketplaces to bring you the best products, services, and value possible.

Sharp Insurance has a knowledgeable staff that can assist you in more than ten different languages.

They will advocate on your behalf during the claims procedure and negotiate for the most favorable terms with the help of their trustworthy consultants.

Sharp Insurance is committed to providing excellent service to its clients at all hours of the day and night, as well as giving back to the Calgary community in various ways through charitable endeavors.

Highlights

• MySharp mobile app
• Group insurance program
• Claims
• Reviews From Customers

Customers and agents alike rave about Sharp Insurance’s responsiveness, friendliness, and overall satisfaction.

Alpine Insurance & Financial Inc

Address: 8820 Blackfoot Trail SE #123, Calgary, AB T2J 3J1, Canada

Phone: +1 403-270-8822

Alpine Insurance was established in 2002 and is a leading provider of affordable auto, home, and business insurance to those in need.

They are committed to providing a stress-free and knowledgeable experience to every one of their clients and have earned a reputation as one of the top auto insurance providers in Calgary.

Alpine Insurance’s dedicated staff is here to assist individuals and businesses of all types.

Highlights

• Alpine Insurance mobile app
• Free policy review
• 24/7 claims service guarantee
• Customers rave about Alpine Insurance’s expert personnel, low prices, excellent service, and overall positive experience.

Westland Insurance

Address: 1111 Olympic Way SE #300, Calgary, AB T2G 0E6, Canada

Phone: +1 403the -508-1111

Westland Insurance, which was established in 1980, caters to the requirements of private customers, commercial clients, and charitable organizations by providing services in the areas of the vehicle, house, and commercial insurance.

They are one of the organizations that offer the most competitive rates for auto insurance in Calgary, and they have 130 offices spread out over Western Canada, where they offer individualized insurance services.

They also make it a point to offer their customers a selection of reasonably priced insurance plans from which to choose when it comes to tailoring the programs to the interests of their customers.

Highlights

• Automobile insurance
• Home insurance
• Tenant insurance
• Customer Reviews.

People not only suggest Westland Insurance because of the exceptional service they provide but also because of the straightforward and accessible explanations they provide.

They get right to the point, and they have a deep understanding of the product that they are peddling.

Leibel Insurance Group

Location: 2816 11 St NE Unit 101, Calgary, AB T2E 7S7, Canada.

Phone: +1 403-910-1848.

The Leibel Insurance Group simplifies even the most complex insurance policies.

Their brokers have won numerous awards, and they can help you make sense of your insurance policy while also saving you time and money.

They provide a variety of markets from which you may select one that is suitable for your spending limits and requirements.

As companies the optimal option to safeguard yourself, your loved ones, or your company is:

Highlights

• Direct broker access
• 24/7 claims service

Have your best interest at hand, not the insurance companies

Nuera Insurance Inc.

Address: 6020 2 St SE #20, Calgary, AB T2H 2L8, Canada

Phone: +1 866-683-6444

Nuera Insurance is an insurance firm with headquarters in Calgary that provides its customers with a wide range of insurance-related services.

They provide services designed to meet the unique requirements of individual customers, such as insurance for automobiles and properties, insurance for travel and life, insurance for recreational activities, and insurance for people who travel.

In addition, potential customers who visit their website are offered the opportunity to request a price estimate.

Highlights

• Great rates and fantastic service
• Speedy and accommodating staff
• Quick quotations and inclusive packages

Conclusion

It may appear to be impossible to save money while still maintaining adequate vehicle insurance coverage, but most of these options are truly one-of-a-kind.

This article has covered everything you need to know about the most cost-effective auto insurance providers in Calgary, so if you are a resident of the Calgary area and are interested in receiving the most competitive estimate possible for your vehicle protection, read on.