Types of car insurance coverage in Morinville
With so many types of auto insurance out there, shopping for car insurance can be extremely overwhelming. Not only do you have to know which types of coverage are mandatory, but you also need to decide how much to buy and what deductible amounts to choose. Thankfully, BrokerLink is here to guide you through all of it. Below, we outline some of the most common types of car insurance coverage in Morinville, combining both mandatory coverage and optional coverage. This way, you can make the best decision possible:
Comprehensive car coverage
Comprehensive car coverage is optional for most drivers and yet it remains one of the most important types of coverage on the market today. Unless you lease or finance your vehicle in Alberta, chances are you will not be required to purchase comprehensive insurance. However, doing so comes with many benefits. First, comprehensive car coverage is one of the only coverage types that offers financial security in the event that your car is damaged while parked. It will reimburse policyholders whose vehicles are lost or damaged due to an insured peril, like fire, theft, vandalism, wind, water damage, or falling objects. The perils you choose to add to your policy are up to you and you will only be covered for damage that results from these perils.
Liability car insurance
Unlike comprehensive car insurance, liability car insurance is required in Alberta, so before you can drive in Morinville, you must purchase a policy that contains this type of coverage. Given how important liability insurance is, the Government of Alberta has stipulated that all drivers must hold no less than $200,000 in liability insurance at all times. That said, many motorists do not find $200,000 to be sufficient as this amount may not cover you if you get into a major car accident. Thus, you will find that many policyholders choose to purchase an amount closer to $500,000 or $1,000,000. The purpose of third party liability insurance is to safeguard drivers if they get into accidents that they cause. If this occurs, the liability portion of your policy will pay for costs like legal fees, including defence and settlement fees, as well as medical expenses and vehicle repair bills.
Collision car coverage
Collision car coverage is another type of optional auto insurance in Morinville, and it is one of the most popular options, alongside comprehensive car coverage. Collision insurance protects you from the cost of damage if your car suffers a loss in an accident. For example, if you get into a major collision, and your car needs to be repaired, collision coverage will help pay for it. To ensure you aren’t left paying for the cost of the repairs on your own, make sure that you add enough collision coverage to your policy, i.e. an amount that reflects the value of your car. It should also be noted that collision coverage may be required if you lease or finance your vehicle, so read the terms of your lease agreement carefully.
Accident forgiveness coverage
Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage and eligibility varies by province. To learn more about accident forgiveness coverage in Morinville, we strongly urge you to contact a licensed insurance advisor at BrokerLink. They can explain how this type of coverage works in Alberta, outlining any conditions that must be met to qualify. For example, some insurance companies will only allow policyholders to make accident forgiveness claims if the accident only resulted in a minor amount of damage or if it was the primary policyholder who was responsible for the accident.
Uninsured motorist coverage
Uninsured motorist coverage is another coverage type that you are required to carry as a Morinville driver. You will need this type of coverage if you are involved in an accident with a motorist who does not have car insurance or does not have enough insurance to pay for the costs associated with the accident. Another benefit of uninsured motorist coverage is that it can cover you if you fall victim to a hit and run, as it also covers accidents with unidentified drivers.
Accident benefits coverage
Accident benefits coverage pays for the cost of medical attention and other fees related to bodily harm if someone is injured in a car accident. Specifically, accident benefits can compensate policyholders for costs that are not covered by basic healthcare in Alberta, like physical therapy, rehabilitation, or prescription medication, as well as other related costs like funeral fees and loss of income.
Loss of use coverage
Loss of use coverage is one final type of auto insurance coverage that is worthwhile for Morinville drivers to know about. With this coverage, you can be reimbursed for any transportation costs incurred while your car is being repaired. So if your car is damaged in a car accident and you need to take it to the auto body shop, you can claim loss of use coverage to help you pay for the cost of getting around during this time. Examples of expenses that loss of use coverage may reimburse you for include public transportation, rental cars, and ride shares. Depending on how long your vehicle takes to be repaired, having loss of use coverage in your policy could be extremely beneficial.
How car insurance rates are calculated in Morinville
Understanding the cost of car insurance in Morinville is important, but it can be difficult, especially given how complex insurance algorithms can be. Insurance companies use a multitude of factors to assess risk, ranging from a driver’s age and gender to their driving record and claims history. To help give you an idea of which details matter for your Morinville car insurance rate, we have put together the following list:
- Where you live (and where you regularly commute)
- Model, make, and year of vehicle
- Past claims
- Average mileage
- Driving experience
- Driving record
- Insurance history
- Deductible amount
- Regulatory bodies
- How you use your vehicle
Your best bet for finding out how much car insurance will cost you in Morinville is to contact BrokerLink for a free quote. BrokerLink offers free auto insurance quotes to all Alberta drivers. To request yours today, use the online quote tool on our website, give us a call, or visit your local branch in person. We will ask you a few questions about your car insurance needs and your personal circumstances before providing an accurate quote.
Get an auto insurance quote [phone]
How to save money on Morinville car insurance
Car insurance that doesn’t break the bank is easier to come by than you might think - especially with BrokerLink’s help. Since 1991, our mission has been to make car insurance accessible to all, and that means helping our customers save money in any way they can. From working with an insurance broker to bundling policies, there are tons of strategies you can employ if you want to cut insurance costs. Keep reading to discover some of our top broker-approved tips for saving money on insurance:
Contact multiple insurance companies to request quotes
One way of keeping car insurance costs down is to contact multiple insurance companies for free quotes. Do this before purchasing a policy so that when you do decide to buy coverage, you will have peace of mind knowing that you’re getting the best possible deal. Nowadays, most insurance companies offer complimentary quotes, and these quotes can be obtained over the phone, online, or in person. To fairly compare the quotes, just make sure that you are selecting the same coverage options, deductible amounts, and limits for each. If you need help with either step of the process - reaching out to companies for quotes or comparing the quotes - BrokerLink is here. In fact, it’s our job to shop around on behalf of our customers and find them great rates, so get in touch today and we’ll get started right away.
Look into insurance bundles
Bundling insurance policies is a process that can save Morinville drivers lots of money, if you happen to be looking for more than one insurance product. Bundling is when you buy two or more insurance policies at the same time. In most cases, the insurance provider will let customers buy multiple auto insurance policies or mix and match types of insurance, buying one car insurance plan and one home insurance plan, for example. If you are interested in purchasing an insurance bundle, contact BrokerLink to learn about the conditions that may apply.
Pick high deductible amounts
Do you want to instantly save money on car insurance in Morinville? Up for your deductible amounts. The deductibles you choose have a massive impact on your premium, with lower deductibles resulting in higher premiums and higher deductibles resulting in lower premiums. Since a deductible is the amount of money you must pay toward an insured loss in the event of a claim, the more money you agree to pay, the more likely your insurance company is to give you a discount. So consider choosing a higher deductible in the first place or raising it by $500 or $1,000 the next time your policy renews.
Ask a BrokerLink insurance advisor about discounts
Sometimes, if you want to save on car insurance, all you have to do is ask! The reality is that insurance companies have a plethora of discounts available to customers. However, if you don’t ask, you may never find out that they exist. So reach out to a licensed insurance broker near you and ask about applicable car insurance discounts. Due to the expertise of an insurance broker, they can let you know what discounts are out there, the savings they will amount to, which insurance companies offer them, and what conditions need to be met to qualify. A few examples of popular car insurance discounts that may be available to Morinville drivers include telematics discounts, anti-theft device discounts, winter tire discounts, safe driving discounts, occasional driver discounts, hybrid or electric car discounts, multi-vehicle discounts, driver’s education discounts, and employment or education-based discounts.
Don’t select more coverage than you need
Selecting the right coverage is half the battle if you want to save money on car insurance. It’s easy for customers to add more coverage than they need, especially given how many coverage options are out there. But knowing which ones will serve you best is important, especially if you’re on a tight budget. In reality, not all types of car insurance make sense for all drivers. For instance, if your vehicle isn’t worth much anymore, collision and comprehensive coverage may not be the right fit. If you need help determining what types of coverage you should add to your Morinville car insurance policy, contact BrokerLink. One of our insurance advisors would be happy to offer our expertise as to the best coverage for your needs and circumstances.
We’re in your community
BrokerLink loves Morinville. We love our Morinville customers, which is why we are constantly striving to provide the best insurance services in the province. We also love the Morinville community, which is why you will also find us giving back and participating in local charity events and initiatives. Find out more about BrokerLink’s dedication to the community by giving us a call today.
Alberta Insurance Links
If you’re a member of a group or association, you may be eligible for more discounts.
At Morinville BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.
You can reach us by phone, email, or in person by visiting any of our locations across Alberta. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.
Get an auto insurance quote [phone]
Auto insurance Morinville FAQs
What is the average price of car insurance in Morinville?
Customers in Morinville can expect their car insurance plans to cost roughly $1,750 per year or $145 per month. This is the average cost of auto insurance in Alberta. That said, rates vary significantly between drivers, so just because your neighbour pays a certain rate for car insurance doesn’t mean that you will too. This is due to the fact that insurance companies consider a multitude of factors when calculating premiums, ranging from age and gender to average mileage and driving record. Request a free quote from an insurance agent or broker to find out how much Morinville car insurance will cost you.
What is third party liability coverage and how much do I need in Morinville?
Third party liability coverage protects drivers if they are responsible for a car accident by covering costs like repair bills, medical expenses, and legal fees. In Morinville, all drivers must carry no less than $200,000 in liability coverage. Otherwise, they will be in breach of the law. It is also worth noting that even though $200,000 is the minimum coverage requirement, many drivers choose to purchase additional liability coverage for added peace of mind.
Do Alberta insurance companies look at credit scores when calculating car insurance rates?
Some do, but not all. Each insurance company has a unique risk calculation formula that takes into account a ton of different factors. Some of these formulas may include a customer’s credit score while others do not. If an insurance company uses your credit score to calculate your insurance rate, typically higher credit scores result in lower premiums and lower credit scores result in higher premiums. But ultimately, there are many factors that an insurance company will consider.
What are some tips to help me drive safely in Morinville?
Are you looking to become a better, safer driver? Follow the safe driving tips below:
- Research and follow the local traffic laws in Morinville, which include both provincial and municipal laws
- Do not exceed the speed limit when driving
- Drive under the speed limit if you are dealing with adverse weather, like snow or ice that makes the road more slippery
- Drive slow if you are in an area with lots of pedestrians or in a construction zone
- Make driving in the winter safer by installing snow tires on your car, which increase traction and therefore reduce the odds of an accident
- Never get behind the wheel when you are tired or drowsy
- Use quality sunglasses with UV protection or the sun visors in your car to reduce glare from the sun or snow
- Always pay attention to the road when driving
- Never text and drive
- Leave ample space between yourself and the cars around you, experts recommend a minimum of two car lengths, even when stopped at intersections or stop signs
- Signal to other drivers when you intend to change lanes, turn, or merge
- Use low or high beams when driving at night or through fog
- Keep all windows and mirrors clean to increase visibility
Is it better to renew my Morinville car insurance plan or buy a new one?
The question of whether to renew car insurance is a big one. Even if your car insurance policy has served you well, you might be wondering if something better is out there. Since insurance companies are constantly underwriting behind the scenes, we suggest reviewing your coverage and weighing your options each year. This way, you can make sure that you are choosing the best policy for your needs and budget. If you decide to stick with your current provider and renew your policy, you can do so by contacting them before the expiry date and letting them know. If you do not get in touch until after your current plan expires, you might still be able to renew your policy through the expired car insurance renewal process, though you will need to contact your provider to see if they offer this.
If you have any questions, contact one of our local branches.
More ways to find a great car insurance rate in Alberta