Car Insurance in Alberta

Looking for a car insurance? Read this first!

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It can be difficult driving in Alberta with the mountainous terrain, unpredictable weather, and the millions of people who live in big cities. You could face demanding conditions on your daily commute, especially if you take Highway 63. Many heavy trucks take this road, more than any other in the country. With all these dangers, it’s essential to have auto insurance to protect yourself. Brokerages like BrokerLink Auto Insurance, for example, can assist you today. You can even get an online quote in a matter of minutes. As a driver, you must comply with all rules and regulations as well.

Driving Laws

In the States, there are laws that you need to follow as a driver. Some of these laws aren’t specific to Alberta, namely, wearing your seatbelt, going the speed limit, stopping at stop signs, and not using your phone. When it comes to driving in Alberta, some laws are specific to the province. You can find a complete list of these regulations in the Traffic Safety Act of Alberta. Below, we’ll be discussing the law regarding car insurance.

Car Insurance Laws

It’s illegal to drive without car insurance in Alberta. The reason for this law is to protect everyone on the road, including yourself. The penalty for driving without insurance is steep. If it’s your first offense, you can receive a fine of $2,500 to $10,000 and a 15% surcharge. Your penalty could be from $5,000 to $20,000, including a 15% surcharge for a second offense. However, if you’re caught driving without insurance more than twice, you can face up to 60 days in jail and get your license suspended.

By law, you’re required to have at least accident benefits and third-party liability coverage. Some people in Alberta will go for at least $1,000,000 worth of coverage before they start driving. Adding additional protection to your policy is optional. Talk with a broker to find out what amount of coverage is right for you. Below, you’ll find the most common policy coverage options in Alberta:

  • Collision: For this coverage, it depends on who’s at fault to determine how it’s applied. If you’re at fault in an accident, only your damages will be covered by this policy. If you’re not at fault, your collision coverage will cover the costs to repair your car and try to get the other party to settle the expenses. Lastly, if the accident wasn’t your fault, but you don’t have this coverage, you’ll have to go to the third party’s insurance to pay for the costs of repair.
  • Specified Perils: This coverage protects your vehicle from specific risks such as theft, fires, hail, or floods.
  • Comprehensive: You can expect to see similar but broader coverage compared to the specified perils plan. You’ll get more protection; a broker would explain what is and isn’t covered by this policy.

Getting Insurance

When you speak with a broker to sign up for auto insurance, you’ll need to provide a few documents. These include the car’s bill of sale or lease, a driver’s license and proof of date of birth for all drivers on the policy. Once you have your documents, the broker will help you choose which plan will be best for you.

Conclusion

Having car insurance is essential to keep you, your passengers, and other drivers safe. With the right coverage, you won’t have to worry about any damage your car may encounter. So, talk with a broker to get protected. 

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