Alberta is the third most expensive province for car insurance in Canada. However, this does not mean you need to bank losses to find reliable insurance.
If you are looking for the cheapest car insurance that Alberta drivers can buy, we can help you. We evaluate the performance of more than two dozen car insurance companies across various parameters – from strength and availability to customer experience and financial strength – and rank them appropriately.
We’ve also compiled a list of the cheapest car insurance company in the five most populous cities. Last but not least, we’ve uncovered some important aspects of Alberta’s insurance law and shared tips that can help you save up to 60% on your next car insurance.
Best Car Insurance Companies in Alberta:
The Overall Winner – Desjardins
Canada’s fourth-largest car insurance company, Desjardins, is certainly in line with affordable car insurance providers in Alberta. With $129 per month, it is the cheapest insurance company in Alberta. So, if you are looking for friendly car insurance, trust Desjardins to be the bargain.
However, Desjardins is suitable not only for those buyers who know the price. It’s also a good option for new car owners, thanks to the new 5-year car replacement coverage. If you total your vehicle within 5 years of ownership, this coverage will give you the value of an entirely new vehicle, which is the same as yours, deducting the deductible.
Desjardins is also good financially. It receives a very good “AA1” rating from Moody’s and a solid “A+” from S&P. Given that it is one of the largest auto insurance providers in Alberta, this is not surprising. These results indicate that you can count on Desjardins to meet the end of the agreement when you submit a claim.
Another impressive thing about Desjardins is their online tools. Everything is neatly stored on its website, while the cellular application helps you submit insurance policies and claims anytime. In addition, you can also use applications to reduce the cost of your Alberta auto insurance. Simply participate in the Ajusto program and get rewards for being a safer driver. Cool, eh?
The department where Desjardins does poorly in customer service. The company only received two out of five stars in the Alberta area’s J.D. Power customer satisfaction study. However, it is ranked “A+” on the BBB website. Finally, despite weak customer service, strong performance across the board makes Desjardins a good choice for Alberta drivers.
The Runner Up – The Personal:
Individual websites claim that when you buy car insurance from it, the company will take you down an easy savings path. That’s fine and banks, but the question is, does it live up to its promise? In short, the answer is “yes.” If you are looking for a cheap car insurance quote in Alberta, the person should be at the top of your list. With a price of $136 per month, the tariff is one of the best in the business.
But before you raise expectations, you should know that the person is a specialized insurance company. It provides security only to the employees of affiliated companies. That said, with 700 companies like this, there is little chance you can meet its requirements.
In addition to lowering prices, individuals take additional steps — from discounts for safe driving to hitting multiple vehicle premiums — to make car insurance more affordable. In addition to providing less auto insurance, the financially stronger personally as it reflects Moody’s ranking of “AA1” from the parent company – Desjardins. You can rely on this top car insurance provider in Canada to pay for the claims without complications.
As you would expect, submitting claims to well-known companies is a difficult task. All you have to do is call the hotline number or fill out the form on the website. You can also submit a claim using the Passal Cellular application. The J.D. Power Customer Satisfaction Study for the Alberta area is the icing on the cake as it has very good results in satisfaction studies. The individual makes four out of five stars and is ranked fourth overall.
The Best for Ridesharing and Carsharing Coverage – Intact:
Total is one of the few insurance companies in Alberta that offers ridesharing and carsharing coverage. If you’re an Uber driver, you’ll be happy to know that Interaction offers a ride for Uber policy that covers you until you receive passengers, as well as individual path coverage options and Individual path coverage option as well.
On the other hand, if you want to use Turo Rental Service Peer-to-Pier online, Interxion Car Insurance Company in Alberta has you covered too. TURO allows you to pay for your car parking time at a time by bringing you into contact with people who want to rent your vehicle. All you need to do is set pickup and drop-off times with application after application. The most effective is your car and TOOR insurance; your vehicle will be covered anytime.
However, intact isn’t just for Uber drivers and Touro users. It is one of the best insurance companies in Alberta and offers many benefits for all drivers. For example, if you have an electric vehicle or hybrid that can be refilled, Intact offers an attractive 10% discount on your premium. Similarly, a good driver can save up to 25% on car insurance through the My Driving Discount from Rebate, an application-based program that tracks your driving habits and adjusts your premiums.
Standing position intact is also financially strong. It reaches a “A+” – a second higher ranking – in the A.M. best survey. On the downside, giving cheap car insurance in Alberta isn’t a feature of the whole. Slightly expensive even after the discount. Also retained in the customer service department. It receives only three stars in the J.D. Power field study.
The Best for Online Tools – Sonnet:
Do you prefer to buy car insurance online instead of dealing with agents? If yes, then the Sonnet might be perfect for you. It has a clean and fast quote tool that allows you to buy the desired scope in minutes. Apart from smart coating tools, this insurance company boasts attractive, user-friendly, and informative websites.
However, simplifying car insurance in Alberta isn’t the only thing Sonnet did. We are also very pleased with the three bundled plans – Important, Preferred, and Last – among themselves; they should be able to cover most of Alberts’s car insurance needs. In addition, each scope scheme can be fully adjusted, which means you can easily leave out the scope you don’t need.
However, on the downside, Sonata speeds are among the most expensive in Alberta. Therefore, if you are looking for the cheapest insurance quotes in Alberta, you may want to look elsewhere. As far as customer service is concerned, Sonnet stands out as an insurance company that is careful about its customers. Although not included in the J.D. Power rankings for Canada, the insurance company has an impressive “A+” rating on the BBB website. This shows that the customers are very happy with their services.
Read Also: Best Car Insurance Companies in Ontario 2022
In addition, the “A-” score is better and is average in AM. The best ranking proves that one is located economically. For these reasons and because it is a digital-scale brand, we are confident that we meet the requirements to be mentioned in the list of best insurance companies.