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Things to Know Before Getting Red Deer Car Insurance
Here are some things to know before getting car insurance in Red Deer:
- Minimum liability coverage is mandatory: In Red Deer, as in the rest of Alberta, drivers are required to have a minimum amount of liability coverage to protect against damages to others in the event of an accident. The minimum coverage required is $200,000.
- Optional coverage is available: While the minimum liability coverage is mandatory, drivers in Red Deer can also choose to add optional coverage to their policy, such as collision coverage and comprehensive coverage, which provide additional protection for their own vehicle.
- Insurance rates can vary: The cost of car insurance in Red Deer can vary depending on a range of factors, including your driving record, the make and model of your car, and the level of coverage you choose. It’s important to shop around and compare quotes from multiple insurance providers to find the best rate and coverage options for your needs.
- Winter driving conditions can be challenging: Red Deer experiences cold winters and snowy conditions, which can make driving challenging. It’s important to follow winter driving rules, such as using winter tires, reducing speed, and keeping a safe distance from other vehicles, to stay safe on the road.
- Use a licensed insurance agent or broker: When purchasing car insurance in Red Deer, it’s important to work with a licensed insurance agent or broker who can help you navigate the process and find the best coverage options for your needs.
What is the Average Car Insurance Cost in Red Deer?
The average annual premium for car insurance in Red Deer is $1,216.
Here’s the estimated monthly car insurance costs range in Red Deer for different driver profiles:
| Driver Profile | Monthly Cost (Liability only) | Monthly Cost (Liability + Collision) | Monthly Cost (Full coverage) |
|---|---|---|---|
| G1 Driver | $130 – $220 | $195 – $325 | $260 – $440 |
| G2 Driver | $110 – $185 | $165 – $275 | $220 – $370 |
| G | $80 – $135 | $120 – $200 | $160 – $270 |
| Teenage Driver | $200 – $335 | $300 – $500 | $400 – $670 |
| Young Driver | $90 – $150 | $135 – $225 | $180 – $300 |
| High-risk Driver | $400 – $670 | $600 – $1,000 | $800 – $1,335 |
| Occasional driver | $75 – $125 | $115 – $190 | $155 – $260 |
| Pleasure | $60 – $100 | $90 – $150 | $120 – $200 |
| Commuting | $90 – $150 | $135 – $225 | $180 – $300 |
| Good driver | $60 – $100 | $90 – $150 | $120 – $200 |
| Bad driver | $200 – $335 | $300 – $500 | $400 – $670 |
| New Driver | $90 – $150 | $135 – $225 | $180 – $300 |
| Secondary Driver | $60 – $100 | $90 – $150 | $120 – $200 |
| 17 Years Old | $200 – $335 | $300 – $500 | $400 – $670 |
| Seniors | $60 – $100 | $90 – $150 | $120 – $200 |
| Over 55 Years Old | $60 – $100 | $90 – $150 | $120 – $200 |
| Students | $90 – $150 | $135 – $225 | $180 – $300 |
| International Driver | $150 – $250 | $225 – $375 | $300 – $500 |
| Newcomers | $150 – $250 | $225 – $375 | $300 – $500 |
| Men Driver | $80 – $135 | $120 – $200 | $160 – $270 |
| Women Driver | $75 – $125 | $115 – $190 | $155 – $260 |
| Married Couples | $60 – $100 | $90 – $150 | $120 – $200 |
| Usage-Based | $60 – $100 | $90 – $150 | $120 – $200 |
| Uber/Lyft | $90 – $150 | $135 – $225 | $180 – $300 |
| Personal use | $60 – $100 | $90 – $150 | $120 – $200 |
Here’s the estimated monthly car insurance costs range in Red Deer for different types of cars:
| Car Type | Monthly Cost (Liability only) | Monthly Cost (Liability + Collision) | Monthly Cost (Full coverage) |
|---|---|---|---|
| Sedan | $60 – $100 | $90 – $150 | $120 – $200 |
| Convertible | $80 – $135 | $120 – $200 | $160 – $270 |
| Hatchback | $55 – $90 | $80 – $135 | $110 – $185 |
| Wagon | $65 – $110 | $100 – $165 | $130 – $220 |
| Coupe | $80 – $135 | $120 – $200 | $160 – $270 |
| SUV | $85 – $145 | $130 – $215 | $170 – $285 |
| Truck | $85 – $145 | $130 – $215 | $170 – $285 |
| Minivans | $75 – $125 | $115 – $190 | $155 – $260 |
| Van | $75 – $125 | $115 – $190 | $155 – $260 |
| Electric Car | $100 – $165 | $155 – $260 | $205 – $345 |
| Hybrid Car | $90 – $150 | $135 – $225 | $180 – $300 |
| Multi Car | $60 – $100 | $90 – $150 | $120 – $200 |
| Exotic Car | $400 – $670 | $600 – $1,000 | $800 – $1,335 |
| Luxury Car | $300 – $500 | $450 – $750 | $600 – $1,000 |
| Classic Car | $200 – $335 | $300 – $500 | $400 – $670 |
| Vintage car | $200 – $335 | $300 – $500 | $400 – $670 |
| Sports Car | $200 – $335 | $300 – $500 | $400 – $670 |
| Leased cars | $85 – $145 | $130 – $215 | $170 – $285 |
| 2 Door | $80 – $135 | $120 – $200 | $160 – $270 |
Here’s the estimated monthly car insurance costs range in Red Deer for a driver profile of age 35, married, based on the driving history:
| Driving History | Monthly Cost (Liability only) | Monthly Cost (Liability + Collision) | Monthly Cost (Full coverage) |
|---|---|---|---|
| Clean record | $60 – $100 | $90 – $150 | $120 – $200 |
| 1 at-fault accident | $85 – $145 | $130 – $215 | $170 – $285 |
| 2 at-fault accidents | $115 – $195 | $180 – $300 | $235 – $395 |
| 1 non-fault accident | $70 – $120 | $105 – $175 | $140 – $235 |
| DUI conviction | $200 – $335 | $300 – $500 | $400 – $670 |
| 1 speeding ticket | $65 – $110 | $100 – $165 | $130 – $220 |
| 2 speeding tickets | $100 – $165 | $155 – $260 | $205 – $345 |
Who Has the Cheapest Car Insurance Quotes in Red Deer
| Rank | Insurance Company | Annual Cost |
|---|---|---|
| 1 | Millenium | |
| 2 | SG Canada | $1,122 |
| 3 | Wawanesa | $1,137 |
| 4 | Aviva Traders | $1,172 |
| 5 | Aviva | $1,217 |
| 6 | Travelers Dominion Product | $1,231 |
| 7 | CAA AMA | $1,248 |
| 8 | COSECO | $1,326 |
| 9 | Peace Hills | $1,390 |
| 10 | Desjardins | $1,482 |
How Does Red Deer’s Average Car Insurance Cost Compare to Other Cities?
Here is a comparison of Red Deer’s average car insurance cost to the average cost in other cities in Alberta:
- Calgary: $1,242
- Edmonton: $1,323
- Red Deer: $1,216
- Lethbridge: $1,131
- Fort McMurray: $1,626
- Grande Prairie: $1,284
Which Cars Have the Cheapest Car Insurance in Red Deer?
The cost of car insurance in Red Deer can vary depending on a range of factors, including the make and model of the car. Some cars may be less expensive to insure due to factors such as safety ratings, theft rates, and repair costs.
Here are some examples of cars that may have lower insurance rates in Red Deer, based on their safety ratings and other factors:
- Honda Civic: The Honda Civic is a popular compact car known for its reliability and safety features. It has a lower theft rate compared to other cars in its class, which may help reduce insurance rates. The average insurance rate for a Honda Civic in Red Deer is around $1,200 per year.
- Toyota Corolla: The Toyota Corolla is another popular compact car that is known for its reliability and fuel efficiency. It has a high safety rating, which may help reduce insurance rates. The average insurance rate for a Toyota Corolla in Red Deer is around $1,250 per year.
- Ford Escape: The Ford Escape is a compact SUV that is known for its versatility and safety features. It has a high safety rating and lower repair costs compared to other SUVs, which may help reduce insurance rates. The average insurance rate for a Ford Escape in Red Deer is around $1,300 per year.
- Chevrolet Cruze: The Chevrolet Cruze is a compact car that is known for its fuel efficiency and affordability. It has a lower theft rate compared to other cars in its class, which may help reduce insurance rates. The average insurance rate for a Chevrolet Cruze in Red Deer is around $1,200 per year.
How to Get the Cheapest Car Insurance in Red Deer?
Here are some tips for getting the cheapest car insurance in Red Deer:
- Shop around: One of the best ways to find the cheapest car insurance in Red Deer is to shop around and compare quotes from multiple insurance providers. Insurance rates can vary widely depending on a range of factors, so it’s important to get quotes from several providers to find the best rate and coverage options for your needs.
- Choose a higher deductible: A deductible is the amount you pay out of pocket in the event of a claim. By choosing a higher deductible, you may be able to lower your insurance premium. However, it’s important to make sure you can afford the deductible in the event of an accident.
- Ask about discounts: Many insurance providers offer discounts for factors such as good driving history, multiple vehicles, and safety features in the vehicle. Be sure to ask about available discounts when shopping for insurance to see if you qualify for any savings.
- Consider the make and model of your car: The make and model of your car can impact your insurance rates. Cars with high safety ratings and lower repair costs may be less expensive to insure. Be sure to research the insurance rates for a vehicle before making a purchase.
- Maintain a good driving record: Your driving record can impact your insurance rates. By maintaining a good driving record and avoiding accidents and traffic violations, you may be able to qualify for lower insurance rates over time.
Red Deer Car Insurance Facts
Here are some car insurance facts that are specific to Red Deer:
- Red Deer is located in the province of Alberta, which requires all drivers to carry a minimum amount of liability insurance. The minimum liability coverage in Alberta is $200,000.
- Insurance rates in Red Deer can vary depending on a range of factors, including driving record, age, and the make and model of the car. Red Deer drivers are encouraged to shop around and compare quotes from multiple providers to find the best rates and coverage options for their individual needs.
- Red Deer experiences cold winters and snowy conditions, which can make driving challenging. Drivers in Red Deer are encouraged to follow winter driving rules, such as using winter tires, reducing speed, and keeping a safe distance from other vehicles.
- Red Deer has a population of over 100,000 people and a growing economy. This means that there are more drivers on the road, which can increase the risk of accidents and impact insurance rates.
- Red Deer has experienced an increase in property crime in recent years, including car theft. This may impact insurance rates for drivers in Red Deer, particularly those with high-theft vehicles.
List of Best Car Insurance Companies in Red Deer
Here is a list of some of the best car insurance companies in Red Deer, along with company descriptions and some bullet point reviews from the internet:
- Allstate Insurance Company of Canada
- Allstate is a well-known insurance provider in Canada with a long-standing reputation for providing reliable coverage.
- Customers appreciate the friendly and knowledgeable staff who are always willing to help with insurance questions.
- Allstate has a 4.3 star rating on Google based on over 100 reviews.
- TD Insurance
- TD Insurance is one of the largest insurers in Canada and offers a wide range of coverage options for drivers in Red Deer.
- Customers appreciate the online tools and resources available for managing insurance policies and filing claims.
- TD Insurance has a 4.2 star rating on Google based on over 30 reviews.
- AMA Insurance
- AMA Insurance is a well-known provider in Alberta and offers a range of insurance products, including car insurance.
- Customers appreciate the personalized service and competitive rates offered by AMA Insurance.
- AMA Insurance has a 3.9 star rating on Google based on over 50 reviews.
- Wawanesa Insurance
- Wawanesa is a Canadian-owned insurance company that has been operating for over 100 years.
- Customers appreciate the excellent customer service and competitive rates offered by Wawanesa.
- Wawanesa has a 4.4 star rating on Google based on over 50 reviews.
- Co-operators Insurance
- Co-operators Insurance is a Canadian-owned insurance company that offers a range of insurance products, including car insurance.
- Customers appreciate the excellent customer service and competitive rates offered by Co-operators Insurance.
- Co-operators Insurance has a 4.0 star rating on Google based on over 20 reviews.
List of Best Car Insurance Brokers in Red Deer
Here is a list of some of the best independent car insurance brokers in Red Deer, along with company descriptions and some bullet point reviews from the internet:
- Parkland Agencies
- Parkland Agencies is an independent insurance brokerage located in Red Deer that offers a range of insurance products, including car insurance.
- Customers appreciate the personalized service and competitive rates offered by Parkland Agencies.
- Parkland Agencies has a 4.8 star rating on Google based on over 40 reviews.
- Knight Archer Insurance
- Knight Archer Insurance is an independent insurance brokerage that operates throughout Alberta, including Red Deer.
- Customers appreciate the knowledgeable staff and personalized service offered by Knight Archer Insurance.
- Knight Archer Insurance has a 4.8 star rating on Google based on over 30 reviews.
- The Co-operators – Derek Kulak Insurance Inc.
- The Co-operators – Derek Kulak Insurance Inc. is an independent insurance brokerage that offers a range of insurance products, including car insurance.
- Customers appreciate the excellent customer service and competitive rates offered by The Co-operators – Derek Kulak Insurance Inc.
- The Co-operators – Derek Kulak Insurance Inc. has a 4.7 star rating on Google based on over 20 reviews.
- Bow Valley Insurance
- Bow Valley Insurance is an independent insurance brokerage that operates throughout Alberta, including Red Deer.
- Customers appreciate the friendly and knowledgeable staff, as well as the competitive rates offered by Bow Valley Insurance.
- Bow Valley Insurance has a 4.5 star rating on Google based on over 20 reviews.
- Leibel Insurance Group
- Leibel Insurance Group is an independent insurance brokerage that offers a range of insurance products, including car insurance.
- Customers appreciate the personalized service and competitive rates offered by Leibel Insurance Group.
- Leibel Insurance Group has a 4.7 star rating on Google based on over 20 reviews.
Tips for Drivers in Red Deer
Here are some tips for drivers in Red Deer that are specific to the city:
- Be prepared for winter driving: Red Deer experiences cold winters and snowy conditions, which can make driving challenging. Drivers in Red Deer are encouraged to follow winter driving rules, such as using winter tires, reducing speed, and keeping a safe distance from other vehicles.
- Watch for wildlife: Red Deer is located near the Red Deer River valley, which is a popular habitat for wildlife such as deer and elk. Drivers in Red Deer should be alert for wildlife on the roads, especially during dawn and dusk when they are most active.
- Use caution at intersections: Red Deer has several high-risk intersections where collisions are more likely to occur. Drivers should use extra caution when approaching these intersections and be aware of other vehicles and pedestrians.
- Follow speed limits: Speed limits are in place for a reason and are designed to keep drivers and pedestrians safe. Drivers in Red Deer should always follow posted speed limits and adjust their speed to suit the road and weather conditions.
- Avoid distracted driving: Distracted driving is a leading cause of collisions in Red Deer and throughout Canada. Drivers should avoid using their phone or other devices while driving and should focus on the road at all times.
What are the Most Dangerous Intersections in Red Deer?
Here are some of the most dangerous intersections in Red Deer, based on the number of collisions reported in recent years:
- 67 Street and Gaetz Avenue – This intersection had the most collisions in Red Deer in 2020, with a total of 68 reported.
- 50 Avenue and Gaetz Avenue – This intersection had the second-highest number of collisions in Red Deer in 2020, with a total of 56 reported.
- 19 Street and Gaetz Avenue – This intersection had the third-highest number of collisions in Red Deer in 2020, with a total of 43 reported.
- 32 Street and 50 Avenue – This intersection had the fourth-highest number of collisions in Red Deer in 2020, with a total of 36 reported.
- 32 Street and Taylor Drive – This intersection had the fifth-highest number of collisions in Red Deer in 2020, with a total of 31 reported.
Total Reportable Collisions in Red Deer
According to data from the City of Red Deer, here are the total number of reportable collisions in Red Deer for each year from 2013 to 2021:
- 2013: 2,974
- 2014: 3,065
- 2015: 3,167
- 2016: 3,354
- 2017: 3,471
- 2018: 3,488
- 2019: 3,333
- 2020: 2,955
- 2021: Data not yet available
About the Author: Valerie D. Hahn
Valerie is an insurance editor, journalist, and business professional at RateLab. She has more than 15 years of experience in personal financial products. She strives to educate readers and ensure that they are properly protected.
