Average Car Insurance Cost Alberta

The insurance bureau said alberta insurers have been paying out on average 1 12 in claims premium taxes and operating costs for every 1 of premium revenue resulting in about 2 billion.

Average car insurance cost alberta. How much does car insurance cost in alberta. Auto insurance rates are generally lower than saskatchewan manitoba and british columbia the western provinces with provincially run auto insurance. A clean driving record can lower your average alberta car insurance premium to around 110 month in 2017 it was 109 month in 2015. Based on the latest data from the ibc albertans pay an average of 1 316 per year report released in august 2019.

That being said although the numbers aren t exact it is still important to first determine the average price of car insurance in alberta. The automobile insurance rate board says that 27 insurers operating in alberta were granted rate hikes in recent months ranging from less than one per cent to almost 30 per cent for basic. Car insurance accounts for less than 3 percent of the average albertan s disposable income. Your personal premium depends on multiple factors but according to the insurance bureau of canada alberta is the third most expensive province for car insurance.