Insurance FAQs

What is a deductible?

An insurance deductible is an amount that you must pay before your insurance coverage kicks in and the insurance company starts to pay.

For example, many insurance companies have a deductible of $500 for glass, this means if your sunroof breaks and the cost to get it replaced is $600 the insurance will pay $100 after you pay the first $500. Likewise, if the repair is only $200 then no insurance claim is required as the total cost has not exceeded the deductible.

How to get insurance discounts?

There are numerous types of insurance discounts available and different providers will offer different discount incentives. One of the easiest ways to get discount insurance rates is to group your insurance policies, this means multi-car policies and policies that include home or property insurance. Using winter tires can also get you a discount, as will driving a new car (less than 3 years old). If you do not drive a lot make sure you are on a usage-based policy. New drivers can also get discounts if they have completed drivers training and can save 10% when moving from a probationary license to a full license. Get an online insurance quote.

How does car insurance work in Alberta?

Auto insurance is provided by private companies or corporations in Alberta and is not government run, but is government regulated. Basic insurance coverage and registration is required for the legal operation of a motor vehicle in Alberta. The minimum mandatory required insurance coverage in Alberta is $200,000 in personal liability and property damage coverage [PLPD].

How much is car insurance in Alberta?

The average cost of car insurance in Alberta comes is between $115 and $130 a month. Though the true cost of car insurance in Alberta is highly dependent on the insured. A number of factors are considered when quoting an insurance rate, these include:

  • Age
  • Gender
  • Experience
  • Driving record
  • Demerits
  • Choosing basic coverage or full coverage
  • Deductible amount
  • Year, make and model of vehicle

How to get car insurance in Alberta?

In a privatized insurance industry shopping around is highly recommended. The best way to get car insurance in Alberta is to use a brokerage, like Insurance Discounts Limited. A brokerage is able to find the best insurance rates for you and saves you time and effort by compiling a list of those best rates for you to choose from. Get a quote today!

What is basic car insurance in Alberta?

Basic car insurance in Alberta is called personal liability and property damage coverage (PLPD) or third-party liability insurance. The minimum mandatory required coverage is $200,000. This covers only third-party damage and any damage to your own property is not covered, neither would any claims over the $200,000 be covered if the minimum coverage is chosen.

What is full coverage car insurance?

Full coverage is also known as optional insurance coverage or collision coverage covers your own vehicle damage as well as third party damage. This will also cover injuries incurred by an accident for both yourself and the third party up to your set limit. Additionally, you can choose to comprehensive coverage; this will cover any non-collision incidents such as fire, theft and weather damage.

Car insurance for first-time drivers?

Getting car insurance for first-time drivers can be expensive, however, there are discounts available for drivers who have gone through a driver training course. Finding the best first-time driver insurance rates is easy when using a brokerage, simply fill out a form and get the best rates available. Get a quote!

What is the cheapest car insurance in Edmonton?

The cheapest car insurance in Edmonton will be based on a number of factors, such as age, experience and amount of coverage. Lowering coverage will lower insurance rates but run the risk of not having the coverage you need in the case of an accident. Increasing your deductible will also lower rates but can cost you more out of pocket if a claim is made. Maximizing your discounts is another way to save; this can include packaging home and auto insurance together, getting winter tires or reducing miles traveled.

The best way to ensure you are getting the cheapest insurance rate is to shop around. Using an insurance brokerage can make the process quicker and easier, simply fill out a quote request and see your best insurance rates. Get a quote now!

Where to get car insurance after being canceled for non-payment?

Having your insurance canceled due to non-payment will result in you being labeled as high risk. The best way to find a new insurance company after this happens is to talk directly to a broker as they will be able to go over options with you. To talk to a broker today call us at 780-449-1411.

What does motorcycle insurance cost?

Motorcycle insurance cost can be anywhere between $400 and $600 a year. Your rates will vary based on a number of factors, such as:

  • Engine displacement
  • Type of bike
  • Drivers training course
  • Driving history

What is the best motorcycle insurance?

The best motorcycle insurance is one that provides the right amount of coverage for you. Depending on the type and cost of the motorcycle you may want to consider adding collision coverage to cover the cost of repairs or replacement of your motorcycle if an accident were to take place. Get a motorcycle insurance quote quick and easy today!  

How to shop for home insurance?

Shopping for home insurance is very similar to shopping for car insurance. Bundling with your other insured items will provide discounts and shopping around is the key to getting the best rate. Luckily working with an insurance brokerage makes shopping around easy, simply fill out a quick form and see the best home insurance rates available to you. Get a quote today!

What does condominium insurance cover?

Many condo owners assume that their unit is covered by the condo association insurance plan, it is not. Condominium insurance covers everything inside the walls of your unit while the association's insurance will only cover common areas such as hallways and multi-purpose rooms. Condo insurance coverage is inclusive of, but not limited to: fixtures, flooring, unit upgrades, personal liability and loss of use.