Car Insurance in Edmonton

If you're looking for a car insurance broker located in Edmonton, BrokerLink is here to help. BrokerLink has been helping Canadian drivers find the best insurance at the most competitive rates since 1991. Our brokers live in the communities that we work in, which means we know what coverage makes the most sense for you.

Mandatory Car Insurance Coverage in Edmonton

Mandatory coverage is the minimum coverage that is required in order to legally drive a vehicle on the road in Edmonton. This is the law, and it is designed to protect you, your passengers and fellow drivers on the road. It applies whether you lease, finance or own your vehicle. The following two types of coverage are required to have on your insurance policy in Edmonton:

Third Party Liability

Third Party Liability coverage is an essential part of any car insurance policy. This is in place to protect you and all other drivers on the road. Third Party Liability coverage will protect you if you happen to get into an accident in which you are at-fault. It will cover the costs of damages to another other persons’ property and/or bodily injuries. This coverage may also help to cover any legal fees you might incur as a result of an accident.

Accident Benefits

Unfortunately, costs associated with a car accident don’t end right after the initial accident occurs. This coverage will protect you if you, or any other person, is injured in a car accident, regardless of fault. It can cover the costs associated with medical or rehabilitative attention, income replacement, or any other services needed for recovery following the accident.

Optional Car Insurance Coverage in Edmonton

The following types of coverage are not required by law for any drivers located in Edmonton. However, many people choose to add these additional coverage options to their polices, in order to provide them with more peace of mind and protection. While there are quite a few different coverage options, we have listed a few of the most popular down below:

Direct Compensation

This coverage option will help to compensate you when you or your car is damaged in an accident in which you are not at fault. It is called ‘direct compensation’ because you deal directly with your insurance provider to acquire any compensation following your claim.

Uninsured automobile

Sadly, not everyone on the road is a responsible driver. Even though insurance is mandatory in Edmonton, and throughout the whole country, some people choose to get behind the wheel without an insurance policy. Uninsured automobile coverage can protect you and any of your passengers if you are involved in an accident with a driver who is at-fault and is either uninsured or doesn't.


A car accident is not the only risk that you can face if you own or operate a vehicle. You may find that your car becomes damaged due to things like fires, theft, vandalism, bad weather or water damage. Comprehensive coverage can protect you in the event of any of those things.

Accident Forgiveness

Everyone deserves a second chance. If you are involved in your first at-fault accident, having this coverage on your policy will help you to maintain your good driving record for as long as you stay with the same company. Accident forgiveness ensures that your premium rate won’t go up as a result of your first at-fault claim.

Waiver of Depreciation

If you are in the market for a brand new vehicle, this coverage is definitely something that you should consider having on your policy. Waiver of Depreciation coverage, covers you for the value of your vehicle without depreciation. In the event of a theft or total loss claim, you’ll be reimbursed for the full value of the car, effective from the date when you drove it off the lot.

Factors That Affect the Cost to Find Affordable Car Insurance In Edmonton

Every single insurance policy will have a different cost. This is due to that fact that many factors influence each car insurance rate. At BrokerLink, we go through our clients' individual information to make sure that they receive all of the possible savings offered for their circumstances.

Here are a few of the most common factors car insurance companies consider when determining rates in Edmonton:

  • Your Age: Drivers who are younger tend to have higher premium rates. This is because they fall into a demographic with a lot more accidents. As you age, your insurance rate will most likely go down.
  • Your Driving Record: Did you know that having a good driving record can actually save you money? This is because insurance providers will see you as a low risk client. On the other hand, having a bad driving record can make your premiums go up significantly.
  • Where You Live: The area in which you live in can affect the price of your premium. Edmonton’s premium rates are actually more expensive compared to other cities in Alberta, so your premium will most likely cost more here than in other areas of the province.
  • The Make and Model of Your Vehicle: Some types of cars tend to be more costly to insure than others. There are many reasons for this, including the fact that some cars are more prone to theft, and some have more expensive and/or less common parts.
  • The Level of Coverage You Choose: The level of coverage you choose to have on your vehicle will impact the price of your premium.

Get in touch

Nowadays, there are a ton of different options out there for you, which can make finding the right policy quite difficult and confusing. Thankfully, using an insurance broker can help to simplify this process, and allow you to better understand all of your options and find a plan that perfectly fits all of your needs. As one of the largest insurance brokerages in Canada, you can have the confidence that we are reliable.

Want to learn more? Give one of our local brokers a call today and we’ll find the car insurance coverage that works best for you.

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