Compare Lethbridge Car Insurance Quotes

Q: How much is car insurance in Lethbridge?

The average cost of car insurance in Lethbridge is roughly $1,000 per year, or about $85 per month. But as rates continue to rise yearly throughout Alberta, could you be paying less? Compare car insurance quotes today to find out if you're getting the best rate.

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How car insurance in Lethbridge, Alberta works

Matt Hands, VP, Insurance and MoneySense

October 5, 2023

Lethbridge is the fourth most populated city in Alberta and continues to grow every year. Driving The Lethbridge Viaduct (or High-Level Bridge) because it is the longest and highest steel trestle bridge in North America. With four highways running through or terminating in the city, it makes Lethbridge and its freight depots, a major shipping destination.

All that driving means you’re doing to want to pay low car insurance premiums. The average annual car insurance premium in Lethbridge is around $1,000.

At Ratehub.ca, we help the people of Lethbridge shop for the best car insurance rates in just minutes to suit their budget and preferences.

Lethbridge operates in a hybrid system between tort and no-fault insurance. No-fault means drivers use their own insurance company regardless of who is at-fault in an accident. A tort-based system allows you to pursue the other driver for damages.

Alberta auto insurance is provided by private insurance companies and is regulated by the Auto Insurance Rate Board (AIRB). AIRB ensures rate increases are substantiated. Simply put, an insurer can't raise rates without prior approval from the regulatory body and is based on their financial records.

Available Lethbridge car insurance coverage is broken down into two categories - mandatory and optional.

Mandatory Lethbridge auto insurance coverage includes:

Third-party liability
Accident benefits
Direct Compensation Property Damage (DCPD)

Optional Lethbridge car insurance coverage includes:

Collision insurance
Comprehensive car insurance
Specified perils
All perils

There are also optional Standard Endorsement Forms (SEF) which are endorsements you can add to your coverage. Here are 4 common Lethbridge auto endorsements.

SEF 101 - covers the cost of a rental vehicle while yours is being repaired or replaced
SEF 27 - Ports your existing insurance to a rental car or car you borrow
SEF 39 - Accident forgiveness - insurance won't go up after your first at-fault claim
SEF 43R - Removes depreciation in calculating the value of your car when settling a claim

Mandatory coverage for auto insurance in Lethbridge

Mandatory insurance is mostly about protecting you from damage you may cause to others and their property. Protecting you personal car is available with optional coverages.

Third-party liability

Accident benefits

Uninsured motorist (MVAC)

Direct Compensation for Property Damage (DCPD)

Optional coverage for auto insurance in Lethbridge

The below coverages are optional, unless you lease your car and your lessor requires them. Typically, new cars will get the optional coverages.

Collision insurance

Comprehensive

Emergency roadside assistance

Specified perils

All perils

Compare Lethbridge insurance quotes and uncover the savings

In less than 5 minutes, you can compare multiple quotes from a number of Lethbridge's top car insurance companies, for free.

Factors that impact your Lethbridge car insurance rates

It pays to shop around to find cheap car insurance in Lethbridge. Even though an insurance application is fairly standard you will find that different insurance companies offer different rates based on their existing users, the number of active claims on their fiscal books, and overall risk tolerance calculations. Furthermore, there are several factors beyond your control that impact a risk tolerance calculation, like if you live in an area with higher than average levels of insurance fraud. Here are seven factors auto insurance companies consider before offering personal car insurance in Lethbridge:

Driver demographics

Where you live

Vehicle type

Driving history

Driving activity

Type of insurance coverage

Applicable discounts

How to get cheap car insurance in Lethbridge

Shop and compare
Research which company provides cheap car insurance in Lethbridge, and also the best value for you and your vehicle. Rates may change up to four times a year, but lucky for you comparing Lethbridge car insurance quotes with us is free.
Stay with your current insurer
Some Lethbridge car insurance companies will give loyalty discounts to drivers who remain active with them for years. Especially if they add family members or multiple vehicles to their policy.
Bundle your policies
If you use the same insurance company for both your home and auto insurance needs, your insurer will often thank you with a dip in premiums.
Get a multi car discount
If you have multiple drivers and vehicles in the same household, by putting them all on one policy can save you money.
Increase your deductible
Your deductible is the portion you pay when settling a claim before your insurer will pay the rest. If you’re willing to double your deductible, it could save you money.

Ask about discounts
If you’re a member of a large corporation, union, or a school alumnus, it could help you get cheaper Lethbridge car insurance.
Pay premiums annually, instead of monthly
Paying monthly adds administrative costs to your insurer, so if you’re able to pay in full annually you can lower your premiums.
Maintain a good driving record
If you’re a safe driver, obey the rules of the road and drive according to road conditions you can reduce your chances of an accident. Car crashes stay on your insurance record for up to ten years and can result in higher premiums.
Install winter tires
You can save up to 3-5% simply by adding winter tires to your car.

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Frequently asked questions about car insurance in Lethbridge

How much is car insurance in Lethbridge?

Who are the best Lethbridge car insurance brokers?

Be sure to find a broker licensed by the Insurance Brokers Association of Alberta, because you don't want to be buying from a fraudulent person. You can start your search there. You can also ask family and friends for their advice and referrals. Finding the best broker for you, however, is a personal choice.

Ideally, you want someone who can give you a great rate with excellent customer service. If you get Lethbridge car insurance quotes with us, we'll connect you with our preferred brokerages in Alberta to help you navigate through your policy and ensure you get the coverage you want.

What are the best Lethbridge car insurance companies?

CAA (AMA), Intact, or Wawanesa are often voted as the best car insurance companies. But the best car insurance company for you is the one that will give you the best rate and a hassle-free claims experience. It's hard to know who will give you an excellent experience, but you can figure out who will give you the best rate.

By entering your postal code and answering a few questions, we'll let you know which insurance company provides the best rate based on your unique driving profile. From there, we'll connect you with an insurance broker who can put the final touches on your policy and answer any questions you may have. Your insurance broker can also give you an opinion about the company's customer service and claims experience that you can trust.

Matt Hands, Business Director of Insurance

With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read full bio

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