Qualified Red Deer insurance brokers are just a click away thanks to BrokerLink. BrokerLink is a full-service insurance brokerage that has been helping Alberta residents find quality insurance policies since 1991. From home insurance and business insurance to car insurance and pet insurance, we have got you covered. Contact BrokerLink to learn more about what a Red Deer insurance broker can do for you.
BrokerLink Red Deer insurance solutions
As insurance experts, we can help Red Deer residents find a wide range of dynamic and customized insurance solutions. Keep reading for more information on a few of our areas of expertise:
Buying a home is a big decision. As the place where you spend most of your time, you understand how important it is. That’s where Red Deer home insurance comes in. The right home insurance policy can help you protect your property (and the personal belongings inside of it) from theft, vandalism, property damage, and more. Specifically, you can insure your property against perils like fire, water damage, hurricanes, earthquakes, tornados, power outages, and more. BrokerLink can help Red Deer homeowners find all sorts of home insurance policies. We will work within your budget and take the time to understand your unique needs. No matter what type of building you call home (from a townhouse to a condo), we can find an insurance plan for you. In fact, even if you don’t own a home in Red Deer, we can still help you. We offer quality tenant’s insurance solutions to Red Deer renters.
Get a home insurance quote
If you run a company in Red Deer, business insurance is for you. Commercial insurance can help you protect the company you have dedicated your life to building. While the exact coverage you receive depends on your policy you choose, business insurance generally protects against risks like data breaches, cyber attacks, negligence, third party property damage, theft, vandalism, injury, fire, and water damage, among others. To avoid financial ruin after an unforeseen incident, like a lawsuit or property damage, consider business insurance. Your BrokerLink insurance advisor can help you find a policy that suits the size and industry of your business. For example, commercial general liability, commercial property, cyber liability, professional liability, and product liability are a few types of coverage that we can ensure are included with your policy.
Car insurance in Red Deer is required to drive on the roads of the city and is mandatory across Alberta, which means that driving without it is illegal. To ensure you comply with provincial law, purchase a valid car insurance policy with BrokerLink. We will find you great coverage at an affordable price while making sure your policy meets Alberta’s minimum coverage requirements (at least $200,000 in third party liability coverage, uninsured automobile coverage, accident benefits coverage, and direct compensation coverage). We can help a wide range of Red Deer drivers, from occasional drivers and young drivers to senior drivers and more. Get in touch with BrokerLink for quality car insurance solutions.
Get an auto insurance quote
Added insurance protection available at BrokerLink Red Deer
As a full-service insurance brokerage, BrokerLink can help Red Deer residents find insurance beyond homeowner’s, automobile, and business. Below is a list of some of the other types of coverage available to Red Deer residents:
- ATV and Snowmobile Insurance
- Farm Insurance
- Cyber Insurance
- Storage Unit Insurance
- Employee Benefits
- Life Insurance Broker
- Landlord Insurance
- Musical Instrument Insurance
- Wine Cellar Insurance
- Equine Insurance
- Wedding insurance
- Group Insurance
- Travel and Trip Cancellation Insurance
- Trailer and RV Insurance
- Business Interruption Insurance
- Motorcycle Insurance
- Identify Theft Insurance
- Umbrella Liability
- Boat Insurance
- Pet Insurance
- Condo Insurance
- Vacation Property and Cottage Insurance
- Tenant and Renters Insurance
The importance of buying Red Deer insurance coverage
Insurance offers financial protection and peace of mind, which is why it’s important for many Red Deer residents. If you’re looking to mitigate risk in many areas of your life, insurance can help. For example, if you want to safeguard yourself and your vehicle against the risks of driving, auto insurance is there. Meanwhile, home insurance and business insurance can protect your home and business respectively against property, lawsuits, and more. The reality is that without insurance, you would be forced to pay out of pocket in the event of a loss. As little as one lawsuit or one collision could be enough to have serious financial consequences. But with insurance coverage, your provider can help pay for the loss in the event of a claim. For example, if you were involved in a car accident, your insurer might help pay for vehicle repair bills, medical expenses, legal fees, and more. Similarly, if your home was affected by a flood, your insurance company might pay to repair the damage.
Is insurance required in Red Deer?
Curious about whether insurance is mandatory in Red Deer? The answer is complicated. Although some types of insurance, such as auto insurance, are legally required, others are not. Auto insurance is government-mandated. The Government of Alberta requires all drivers to purchase valid auto insurance policies. Therefore, if you plan on getting behind the wheel in Red Deer, you will need to obtain a valid, up-to-date car insurance policy. Please note that for a policy to be valid in Alberta, it must comply with the minimum coverage requirements. This means that your car insurance policy must contain a minimum of $200,000 in third party liability coverage, along with uninsured automobile coverage, accident benefits coverage, and direct compensation coverage. Driving without insurance is illegal and can lead to hefty fines, a suspension of your driver’s licence, and even jail time. Contact BrokerLink if you want to learn more about the mandatory coverage requirements in Alberta.
Moving on to home insurance. Unlike auto insurance, home insurance is not government-mandated. However, it is still required in some cases. Throughout Canada, landlords and mortgage lenders have the right to require certain types of home insurance coverage. For example, landlords can make tenant’s insurance a condition of a lease agreement. Meanwhile, mortgage lenders can make homeowner’s insurance a condition of a mortgage loan. So if you plan to rent a home in Red Deer or want to buy a home with the help of a mortgage, you may be required to purchase home insurance coverage.
Explaining the factors that influence Red Deer insurance prices
Insurance companies consider many factors when calculating premiums. Three factors that can affect the general cost of insurance in Red Deer, Alberta are as follows:
- Insurance rates are partially determined by the province you live in - In Alberta, car insurance rates are relatively high, so if you live and drive in Red Deer, your premiums may be higher. This can be due to population density or the amount of accidents recorded in a single year.
- Cold winters and Red Deer go hand in hand, and this can impact your insurance - As roads become more dangerous in winter conditions, accidents are more likely to occur, car insurance premiums may go up. Similarly, as the risk of indoor plumbing or pipes freezing increases with the drop in temperature, home insurance rights might also be impacted.
- Coverage is one of the biggest factors that influences your premium - As you might suspect, the more coverage you add to your policy, the more costly it will be. So be smart about the coverage you choose, and only choose coverage you need and can afford.
To learn more about how much Red Deer insurance costs, contact BrokerLink. While insurance brokerages don’t have a say in insurance premiums (these are determined by the insurance provider), we can provide you with a complimentary quote. All you have to do is answer a few basic questions about the type of insurance you’re looking for, and before you know it, you will receive an accurate and competitive quote. Within minutes, you will have a better idea of how much Red Deer car insurance, home insurance, or business insurance will cost. Beyond a free quote, one of BrokerLink’s expert insurance advisors will take the time to discuss your policy options and answer your questions about the other details that can impact your insurance rates. For example, a BrokerLink Red Deer insurance advisor could inform you that when buying property insurance, the age, condition, size, and location of your home will all be considered.
Reduce your Red Deer insurance rates by following the tips below
Saving money on Red Deer insurance just got easier thanks to BrokerLink. We are committed to ensuring Red Deer residents never overpay for insurance again by helping you find flexible, customized insurance solutions at affordable prices. To help you cut costs on your Red Deer insurance plan, follow the tips below:
Choose a higher insurance deductible
Raise your insurance deductible by a few hundred dollars and you might qualify for a lower insurance rate. Premiums and deductibles are correlated, and generally speaking, the higher the deductible, the lower the premium. Reach out to a local insurance broker or agent for more information on how deductibles work or to learn how much money you can save by increasing your policy deductible.
Opt to pay premiums annually
If you have a choice between paying for your insurance premium annually or monthly, be sure to ask for further details, such as whether any fees are added to each payment. Some insurance companies add extra fees, like transaction or administrative fees, onto payments. If yours does this, paying for your premium annually will usually end up being cheaper.
Bundle multiple insurance policies together
Most insurance professionals will tell you that buying more than one insurance product from the same provider can significantly cut costs. Why? Insurance companies appreciate repeat customers and will be more willing to give you a discount the more you buy from them. If you need more than one insurance product, whether it’s two of the same type of policy (e.g. car insurance for each vehicle in your home) or two different types of policies (e.g. house insurance and business insurance), but them from the same provider and you could enjoy savings of 15%.
Add winter tires to your vehicle
Save 5% or more on car insurance by outfitting your Red Deer car with winter tires. Winters in Alberta can be harsh, and such weather may lead to dangerous road conditions. Installing snow tires on your car not only makes driving safer but it can also lead to a discount on your insurance plan. Just make sure the winter tires you choose and the dates you install and remove them from your car are in line with the insurance provider’s requirements.
Your guide to purchasing from Red Deer insurance brokers in three easy steps
If you want to buy insurance from a Red Deer insurance broker but aren’t sure how to go about it. You are in the right place. All you have to do is follow the three steps below. We weren’t joking when we said the process was quick and simple!
1. Contact BrokerLink Red Deer
For starters, you will need to get in touch with BrokerLink Red Deer. One of our trusted advisors will be pleased to take your call, respond to your email, or chat in person about your insurance needs. We are always happy to discuss policy options with our clients and provide them with complimentary insurance estimates.
2. We compare policies and make a list of our top choices
The second step is perhaps the easiest of all. While you sit back and relax, your dedicated insurance advisor will shop around on your behalf. They will reach out to BrokerLink’s insurance partners for quotes, compare policy options, and narrow down some choices based on your coverage needs and budgets. From there, they will make a list of their top choices and show them to you.
3. You walk away with fantastic coverage
We saved the best for last. The third and final step of purchasing insurance through a BrokerLink Red Deer insurance advisor is that you walk away with fantastic coverage. Upon examining the options presented to you by your insurance broker, you will make a decision as to which one is right for you and then you will purchase it. Of course, we will be by your side throughout the entire process, answering your questions and ensuring you understand the terms and conditions of your agreement.
We’re in your community
Our local Brokers live and work in the same community as you! They love getting to know others who share common interests with them and showing them the best places to spend their time.
Local Alberta insurance links
If you’re a member of a group or association, you may be eligible for more discounts.
Licenced Red Deer insurance brokers for all your insurance needs
Red Deer residents deserve to be protected against risk. That’s exactly what insurance offers. For example, car insurance can help you safeguard your vehicle against collisions, theft, and more. Meanwhile, home insurance can help you protect your home and its contents from damage. Overall, a Red Deer insurance advisor from BrokerLink can help you find the right policy for your needs. We can save you time and money and promise to make shopping for insurance a hassle-free experience.
Get in touch, and a friendly and licensed insurance advisor will help you every step of the way. We can even work alongside you to curate a personalized insurance policy and can give you a free quote on home, auto, or business insurance. For quality coverage and expert tips, give BrokerLink Red Deer a call today.
At Red Deer 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 at any one of our locations throughout 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.
Red Deer insurance FAQs
Is insurance mandatory in Red Deer, Alberta?
The answer varies depending on what type of insurance you’re talking about. Car insurance is mandatory for all drivers in Red Deer, so if you want to get behind the wheel, you will need to buy a valid insurance plan first. Please note that your Red Deer automobile insurance policy must meet the province’s minimum coverage requirements, which means $200,000 in third party liability coverage, uninsured automobile coverage, accident benefits coverage, and direct compensation - property damage coverage. Driving with no insurance is incredibly risky, and if caught, it can lead to jail times, expensive fines, and a driver’s licence suspension.
Unlike automobile insurance, commercial and home insurance may also not be legally required but there are still circumstances in which you might need them. For example, business insurance may be requested by a client and property insurance may be required by a landlord, mortgage lender, bank, or other financial institution.
Should I buy my Red Deer insurance policy from an insurance broker or agent?
Both are fantastic options, though working with a Red Deer insurance broker offers many advantages. For example, insurance brokers are familiar with all kinds of insurance products, from property insurance to recreational vehicle insurance, and more. In contrast, insurance agents may be more specialized, only possessing knowledge on a specific type of insurance or a specific company’s insurance products.
For more FAQs, visit the BrokerLink FAQs page.