Get an Auto Insurance Quote
For residents of Alberta, having many different choices for car insurance providers is a benefit, but it can also be challenging to find the price that works best for you. Comparing prices and coverage can be time consuming and frustrating.
We make it easy for you by comparing different rates and coverage
s, guiding you through the process every step of the way. Our brokers will advise you on the discounts that you could be eligible for, sometimes resulting in substantial cost savings on your annual premiums. Click here to get a quote.
Auto Insurance in Alberta
All Alberta motorists must purchase auto insurance which includes the following key mandatory coverages:
1. Third Party Liability
If you cause an accident, this coverage protects you from claims by other motorists for their injuries and damage to their property.
, With claims costs on the rise, purchasing limits of at least $1,000,000. is usual; we recommend purchasing higher limits which we can provide upon request.
2. Accident Benefits including Uninsured Motorist Protection
This coverage pays for three general categories:
- medical expenses such as rehabilitation, occupational therapy and hospital expenses
- funeral expenses and death benefits as well as total disability and loss of income
- uninsured motorists
Additional Coverage Options:
- Own Damage – All Perils, Collision, Comprehensive, Specified Perils
This covers damage to your own vehicle depending on the option(s) you choose.
**(this loss of use is strictly for theft of the entire vehicle and I wouldn’t mention it here, may give the wrong idea).
- SEF 44 – Family Protection Endorsement
Although this is not
a mandatory, we include this coverage in all our insurance packages. This important endorsement responds in the event you are injured in a “not at fault” accident. If the responsible driver carries insufficient third party liability (TPL) limits to cover a court awarded injury settlement to you and, his TPL limit is lower than the TPL limit you carry on your vehicle, your policy can help. Your policy will pay the difference between your limit and the responsible driver’s third party liability limit up to the maximum total paid as awarded by the court. (subject to the terms and conditions of the endorsement).
- SEF 20 – Loss of Use
This coverage allows you to rent a replacement vehicle if you are without a car due to an insured loss. The additional cost of this valuable protection is nominal and coverage limits start from $900 per occurrence with higher limits available.
- SEF 27 – Legal Liability for Damage to Non-owned Vehicles
This endorsement provides you coverage for your legal responsibility for damage to a non owned vehicle. This coverage is commonly used instead of purchasing coverage from a rental car company upon renting a private passenger vehicle for pleasure purposes. Make sure you call your broker to discuss this endorsement and its limitations.
- SEF 43 – Limited Waiver of Depreciation or SEF 18 – Replacement Cost
“Limited Waiver of Depreciation (SEF 43R)” waives the application of depreciation to damage caused to your new vehicle for the first 24 to 30 months (depending on the insurance company) that you own the vehicle. If destroyed or a “total loss”, this endorsement will pay the lower of the MSRP or the actual purchase price at the original date of purchase of the vehicle destroyed;
“Replacement Cost (SEF 18)” coverage for a new vehicle is offered by a few insurance companies. It is generally a more expensive option as this endorsement will replace the destroyed vehicle with a new one with same (or similar if same is not available) specifications and equipment. Your broker can help you decide which option is right for you.
This optional enhancement protects your driving record from being downgraded as a result of a first “at-fault” loss, subject to certain provisions. This means that your premium would not increase as a direct result of a first accident. The Accident Rating Waiver is available for a low annual additional premium.
Auto Insurance Premiums
The overall cost of your vehicle insurance will depend on several factors including:
- Your MVR (driver’s licence ticket history) and Autoplus (Insurance and claims history)
- How long you’ve been licenced and where you live
- How you use your vehicle and the type of vehicle you drive
Motor Home Insurance
Motorhomes, while needing most of the same coverages that are available for other vehicles on the road, have specific needs of their own.
For instance, car insurance does not cover the contents of a vehicle. A policy written specifically for motor homes includes some coverage for your contents.
One of our specialists can go over in detail what difference in coverage you need to be aware of when purchasing insurance for your motor home.
Frequently Asked Questions