Affordable Auto Insurance Coverage for Alberta Drivers
Driving up to Banff or commuting to Calgary for work? Get the coverage you need to protect yourself on and off the road and meet Alberta’s auto insurance requirements. Check out what’s required below2, or talk to an RBC Insurance advisor about the coverage that’s right for you.
Why Choose RBC Insurance?2
Here are just a few of the benefits of insuring your vehicle(s) through us:
Lifetime Guarantee on Repairs
Available for all insured auto repairs made within our expansive vendor network.
Quick and Simple Claims Process
Claims advisors will work with you to make the process as convenient as possible.
Anonymous Claims Advice3
Get free, anonymous advice from experts before making a claim.
What Auto Insurance is Mandatory in Alberta?
Here’s what’s required by law in Alberta:
Third-Party Liability Coverage
Protects you financially if you are legally liable for injuring someone or causing damage to another person’s property while driving your vehicle.
Accident Benefits Coverage
Replaces lost income or pays for medical or other expenses and may provide a death benefit to loved ones if a covered accident were to happen. Also helps pay for repairs caused by the driver of an uninsured automobile and provides benefits if you or your family are hurt or killed in an auto accident caused by an uninsured automobile.
Direct Compensation for Property Damage Coverage
Will repair or replace your vehicle (or its contents) if you’re in an accident in Alberta and aren’t at fault.
Tip: In some cases, you may want to buy more than the minimum coverage that’s required.
An RBC Insurance advisor can help you decide what’s right for you.
Auto Coverage to Protect Your Vehicle in Alberta
Unless you want to pay to replace or repair your vehicle out-of-pocket, you may also want some coverage to help protect your vehicle if it’s damaged in an accident.
Collision and Comprehensive Coverage
At minimum, we typically recommend including both of the following coverages in your policy:
Pays for the cost of repairing or replacing your vehicle up to the actual cash value if it collides with another vehicle, the ground, or an object on the ground such as a guard rail.
Pays for the cost of repairing or replacing your vehicle up to the actual cash value if it’s damaged by other unexpected situations—such as falling or flying objects, vandalism, fire, theft or attempted theft, a natural disaster, or a riot or civil disobedience.
Additional Coverage Options
You may want to consider other coverage options, depending on your needs:
All Perils coverage combines Collision and Comprehensive coverage. It also insures your vehicle against loss or damage should it be stolen by someone living in your home or by someone you have hired to drive, service or repair your vehicle.
Insures your vehicle against specific situations only (such as fire, theft or attempted theft, some natural disasters, and riots or civil disturbances).
Ways to Save on Auto Insurance in Alberta
You may be able to reduce your premiums with these savings:
- Combined Home and Auto Policy Discount: Save up to 10% if you and your spouse or partner have both your home and auto insurance policies through us.4
- Multi-Vehicle discount: Save when you and your spouse or partner insure multiple vehicles on the same policy or on separate policies through us.
- Hybrid Vehicle Discount: Applies to an electric vehicle or a hybrid vehicle that has both a gasoline engine and an electric motor.
- Autonomous Emergency Braking Discount: Applies to a vehicle that was equipped by the original manufacturer to monitor the distance of vehicles in front and automatically apply braking.
- Out-of-Town Student Discount: Applies to occasional drivers who are under the age of 25, insured on a parent’s policy and attending school away from home.
- Group and Affinity Program Discount: If you're a member of an eligible employee group, affinity group, union or other organization recognized by RBC Insurance, an additional discount may apply.
- Professional Occupation Discount: If you hold an eligible occupation and have a university degree, you may receive a discount when insuring a vehicle.
Optional Auto Coverages for Even More Protection in Alberta
Here are just a few examples of optional coverages (endorsements) you may be able to add:
Extra Financial Security for Your Family
The Family Protection endorsement helps protect you and your family in case of injury or death caused by a driver with insufficient insurance.5
Protection for Vehicles You Borrow or Rent
Get protection against liability for any physical damage that occurs to an automobile that you rented or borrowed for 30 days or less.7
Protection for Your First At-Fault Accident
Reduce Your Deductible Over Time
The Disappearing Deductible reduces your policy deductible by 20% each year your vehicle is claims-free.7
Your Top Questions Answered
Find answers to the most common questions asked about auto insurance in Alberta:
Because each person's situation is unique, there isn't a single answer to this question. However, using statistics and complex formulas, insurance companies usually calculate your auto insurance premium by taking into account where you live, the type of vehicle you drive (and how you use it), your driving and claims record, other drivers on your policy, the types and amounts of coverage you want and the deductible you choose.
Vehicles that are less expensive to repair will typically cost less to insure.
Tip: If you're shopping for a new automobile and looking for the best insurance value, an RBC Insurance advisor can give you a no-obligation quote for each of the models you're considering.
Your policy becomes effective after you select your coverage and pay your first premium. Alberta requires the following coverage:
- Third-Party Liability coverage
- Accident Benefits coverage
You may also add on other coverages for even more protection.
You may be able to add additional drivers to your policy. Speak with an RBC Insurance advisor who can help you find coverage that’s right for you and any drivers who may be eligible to use your vehicle.