Car insurance in Alberta and Ontario can differ in several ways. Here are some key differences:
- Insurance coverage: Alberta and Ontario have different mandatory minimum insurance coverage requirements. In Alberta, drivers are required to have a minimum of $200,000 in third-party liability coverage, while in Ontario, drivers are required to have a minimum of $200,000 in third-party liability coverage, as well as accident benefits coverage, direct compensation property damage coverage, and uninsured automobile coverage.
- Premiums: Car insurance premiums in Alberta tend to be lower than in Ontario, on average. This may be due to a variety of factors, such as differences in population density, accident rates, and the cost of repairs.
- Insurance companies: There are different insurance companies operating in Alberta and Ontario, and the options available to drivers may differ depending on the province. Additionally, some insurance companies may have different rates or policies for drivers in different provinces.
- Discounts: The discounts available to drivers in Alberta and Ontario may differ depending on the insurance provider. It’s important to review the specifics of the policy and discuss available discounts with the insurance provider.
- Accident forgiveness: Some insurance providers offer accident forgiveness, which allows drivers to avoid a premium increase after their first at-fault accident. The specifics of accident forgiveness may differ depending on the insurance provider and the province.
Overall, the specifics of car insurance coverage and costs can vary depending on the province, the insurance provider, and the individual’s driving record and circumstances. It’s important to review the specifics of the policy and discuss available options with the insurance provider.
Is Car Insurance Cheaper In Alberta Than in Ontario?
Car insurance can be cheaper in Alberta than in Ontario, on average. According to recent studies, car insurance rates in Ontario are among the highest in Canada, with the average premium costing over $1,500 per year. In comparison, the average premium in Alberta is around $1,200 per year.
There are several factors that can contribute to the differences in car insurance rates between the provinces. For example, population density, traffic congestion, and accident rates can all impact the cost of car insurance. Additionally, the cost of repairs and the frequency of claims can also affect rates.
It’s important to note that the cost of car insurance can vary depending on individual circumstances, such as age, driving record, and the make and model of the vehicle. Different insurance companies may also offer different rates and discounts, so it’s important to compare quotes and review the specifics of the policy before purchasing car insurance.
Overall, while car insurance rates may be cheaper in Alberta than in Ontario on average, the specifics of coverage and costs can vary depending on the individual’s circumstances and the insurance provider.
Average Car Insurance in Alberta
Here are some examples of the average cost of auto insurance in Alberta per year and per month for 10 major cities, based on a sample driver profile:
- Calgary
- Average annual cost: $1,216
- Average monthly cost: $101
- Driver profile: 35-year-old male, clean driving record, driving a 2016 Honda Civic
- Edmonton
- Average annual cost: $1,217
- Average monthly cost: $101
- Driver profile: 30-year-old female, clean driving record, driving a 2017 Toyota Corolla
- Red Deer
- Average annual cost: $1,129
- Average monthly cost: $94
- Driver profile: 40-year-old male, clean driving record, driving a 2018 Ford Escape
- Lethbridge
- Average annual cost: $1,093
- Average monthly cost: $91
- Driver profile: 25-year-old female, one at-fault accident, driving a 2015 Chevrolet Malibu
- Medicine Hat
- Average annual cost: $1,056
- Average monthly cost: $88
- Driver profile: 45-year-old male, clean driving record, driving a 2019 Kia Sportage
- Fort McMurray
- Average annual cost: $1,506
- Average monthly cost: $126
- Driver profile: 35-year-old male, one speeding ticket, driving a 2014 Ford F-150
- Grande Prairie
- Average annual cost: $1,327
- Average monthly cost: $111
- Driver profile: 40-year-old female, one at-fault accident, driving a 2016 Mazda CX-5
- Airdrie
- Average annual cost: $1,141
- Average monthly cost: $95
- Driver profile: 30-year-old male, clean driving record, driving a 2018 Volkswagen Golf
- Spruce Grove
- Average annual cost: $1,172
- Average monthly cost: $98
- Driver profile: 35-year-old female, clean driving record, driving a 2017 Hyundai Santa Fe
- Lloydminster
- Average annual cost: $1,245
- Average monthly cost: $104
- Driver profile: 40-year-old male, one at-fault accident, driving a 2013 Dodge Grand Caravan
Please note that these are only example costs, and the specifics of car insurance coverage and costs can vary depending on the individual’s circumstances and the insurance provider. It’s important to compare quotes and review the specifics of the policy before purchasing car insurance.
Average Car Insurance Ontario
Here are some examples of the average cost of auto insurance in Ontario per year and per month for 10 major cities, based on a sample driver profile:
- Toronto
- Average annual cost: $1,832
- Average monthly cost: $153
- Driver profile: 35-year-old male, clean driving record, driving a 2016 Honda Civic
- Ottawa
- Average annual cost: $1,219
- Average monthly cost: $102
- Driver profile: 30-year-old female, clean driving record, driving a 2017 Toyota Corolla
- Mississauga
- Average annual cost: $2,086
- Average monthly cost: $174
- Driver profile: 40-year-old male, clean driving record, driving a 2018 Ford Escape
- Brampton
- Average annual cost: $2,266
- Average monthly cost: $189
- Driver profile: 25-year-old female, one at-fault accident, driving a 2015 Chevrolet Malibu
- Hamilton
- Average annual cost: $1,337
- Average monthly cost: $111
- Driver profile: 45-year-old male, clean driving record, driving a 2019 Kia Sportage
- London
- Average annual cost: $1,201
- Average monthly cost: $100
- Driver profile: 35-year-old male, one speeding ticket, driving a 2014 Ford F-150
- Kitchener
- Average annual cost: $1,177
- Average monthly cost: $98
- Driver profile: 40-year-old female, one at-fault accident, driving a 2016 Mazda CX-5
- Windsor
- Average annual cost: $1,306
- Average monthly cost: $109
- Driver profile: 30-year-old male, clean driving record, driving a 2018 Volkswagen Golf
- Markham
- Average annual cost: $1,681
- Average monthly cost: $140
- Driver profile: 35-year-old female, clean driving record, driving a 2017 Hyundai Santa Fe
- Vaughan
- Average annual cost: $1,855
- Average monthly cost: $155
- Driver profile: 40-year-old male, one at-fault accident, driving a 2013 Dodge Grand Caravan
Please note that these are only example costs, and the specifics of car insurance coverage and costs can vary depending on the individual’s circumstances and the insurance provider. It’s important to compare quotes and review the specifics of the policy before purchasing car insurance.
Minimum required car insurance in Ontario
In Ontario, the minimum required car insurance coverage is as follows:
- Third-Party Liability Coverage: This coverage protects you if you are responsible for causing injury or damage to another person or their property while driving. The minimum coverage required by law in Ontario is $200,000.
- Accident Benefits Coverage: This coverage provides benefits to you and your passengers if you are involved in a car accident, regardless of who was at fault. This coverage includes things like medical expenses, rehabilitation costs, and loss of income.
- Direct Compensation – Property Damage (DC-PD) Coverage: This coverage provides protection if you are involved in an accident with another driver who is at fault and their insurance is inadequate or they are uninsured.
Minimum required car insurance in Alberta
In Alberta, the minimum required car insurance coverage is as follows:
- Third-Party Liability Coverage: This coverage protects you if you are responsible for causing injury or damage to another person or their property while driving. The minimum coverage required by law in Alberta is $200,000.
- Accident Benefits Coverage: This coverage provides benefits to you and your passengers if you are involved in a car accident, regardless of who was at fault. This coverage includes things like medical expenses, rehabilitation costs, and loss of income.
- Uninsured Automobile Coverage: This coverage provides protection if you are involved in an accident with an uninsured or underinsured driver.
It’s important to keep in mind that while the minimum required insurance coverage is a good starting point, it may not be enough to fully protect you in the event of an accident. To ensure that you have adequate coverage, you may want to consider purchasing additional insurance, such as collision coverage or comprehensive coverage.
About the Author: Valerie D. Hahn
