Top 15 Best Alberta Car Insurance Companies (2024)

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Here is a list of the top 15 best auto insurance companies operating in Alberta:

1. State Farm
2. TD Insurance
3. Intact Insurance
4. Allstate Insurance
5. The Co-operators
6. Alberta Motor Association (AMA)
7. Economical Insurance
8. Wawanesa Insurance
9. Desjardins Insurance
10. Aviva Canada
11. RSA Canada
12. Gore Mutual Insurance
13. Manitoba Public Insurance
14. CAA Alberta
15. Family Insurance Solutions.

Note: This is not an exhaustive list and there may be other insurance companies operating in Alberta as well. It’s always recommended to shop around and compare quotes from multiple providers to find the best coverage and rates for your needs.

State Farm

State Farm is a large insurance company that offers car insurance in Alberta and other provinces in Canada. Here are some pros and cons of State Farm car insurance in Alberta:

Pros:

1. Strong financial stability: State Farm is a well-established and financially stable insurance company, which means that policyholders can trust that their claims will be paid in the event of an accident.
2. Comprehensive coverage options: State Farm offers a range of coverage options, including liability coverage, collision coverage, comprehensive coverage, and more, allowing you to tailor your policy to your specific needs.
3. Discounts: State Farm offers a variety of discounts to help lower your car insurance premiums, including discounts for being a good student, having a clean driving record, and having multiple policies with the company.
4. Customer support: State Farm provides 24/7 customer support and has a large network of local agents to help you understand your policy and resolve any issues.

Cons:

1. Higher premiums: Depending on your driving history, location, and other factors, State Farm car insurance premiums in Alberta may be higher than those offered by other insurance providers.
2. Limited coverage options for high-risk drivers: If you have a history of accidents or moving violations, you may find that State Farm does not offer the coverage options you need or that the premiums are higher than those offered by other providers.
3. Claims process: Some customers have reported that the claims process with State Farm can be slow and complicated, which can make it challenging to get the support you need if you are in an accident.

TD Insurance

TD Insurance is a subsidiary of TD Bank and offers a range of car insurance products in Alberta.

Pros:

1. Financial stability: TD Bank is a well-established financial institution, providing a sense of security and trust to its insurance customers.
2. Wide range of coverage options: TD Insurance offers a variety of coverage options, including liability, collision, comprehensive, and more, allowing customers to tailor their coverage to meet their specific needs.
3. Convenient online services: TD Insurance provides online quote tools, policy management, and claims services, making it easy for customers to manage their car insurance.
4. Discounts: TD Insurance offers various discounts for things like bundling multiple policies, having a good driving record, and being a TD Bank customer, which can help customers lower their insurance costs.

Cons:

1. Higher premiums: Depending on your driving history, location, and other factors, TD Insurance car insurance premiums in Alberta may be higher than those offered by other insurance providers.
2. Limited coverage options for high-risk drivers: If you have a history of accidents or moving violations, you may find that TD Insurance does not offer the coverage options you need or that the premiums are higher than those offered by other providers.
3. Claims process: Some customers have reported that the claims process with TD Insurance can be slow and difficult, which can make it challenging to get the support you need if you are in an accident.

Overall, TD Insurance car insurance in Alberta offers a range of coverage options and discounts, but the premiums and claims process may be a concern for some customers. As with any insurance provider, it is important to compare rates and coverage options from multiple providers to ensure that you are getting the best value for your money.

Intact Insurance in Alberta

Intact Insurance is a leading insurance company in Canada, and they offer car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Intact Insurance in Alberta:

Pros:

1. Wide range of coverage options: Intact Insurance offers a variety of coverage options, including liability, collision, comprehensive, and other add-ons, allowing you to customize your policy to meet your specific needs.
2. Strong financial stability: Intact Insurance is a well-established company with a strong financial foundation, giving you peace of mind that they will be there to support you if you need to make a claim.
3. Convenient online services: Intact Insurance offers a user-friendly website and mobile app that make it easy to manage your policy and make changes, as well as to file a claim if needed.
4. Discounts and rewards: Intact Insurance offers a number of discounts and rewards programs, including a safe driving discount, multi-policy discount, and a loyalty discount for long-term customers.

Cons:

1. Premiums can be high: Like all insurance companies, Intact Insurance sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. Some customers may find that their premiums are higher than they would like.
2. Claims process can be slow: While Intact Insurance is generally known for its responsive customer service, some customers have reported that the claims process can be slow and cumbersome.
3. Limited coverage for high-performance vehicles: If you drive a high-performance or luxury vehicle, you may find that Intact Insurance has limitations on the coverage it offers for these types of vehicles.

These are just a few of the pros and cons of getting car insurance through Intact Insurance in Alberta. It’s important to consider all of your options and weigh the benefits and drawbacks before making a decision.

Allstate Insurance in Alberta

Allstate is a well-known insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Allstate in Alberta:

Pros:

1. Wide range of coverage options: Allstate offers a variety of coverage options, including liability, collision, comprehensive, and other add-ons, allowing you to customize your policy to meet your specific needs.
2. Strong reputation: Allstate has a strong reputation for providing quality insurance products and services, and is known for its reliable and responsive customer service.
3. Convenient online services: Allstate offers a user-friendly website and mobile app that make it easy to manage your policy and make changes, as well as to file a claim if needed.
4. Discounts and rewards: Allstate offers a number of discounts and rewards programs, including a safe driving discount, multi-policy discount, and a loyalty discount for long-term customers.

Cons:

1. Premiums can be high: Like all insurance companies, Allstate sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. Some customers may find that their premiums are higher than they would like.
2. Claims process can be slow: While Allstate is generally known for its responsive customer service, some customers have reported that the claims process can be slow and cumbersome.
3. Limited coverage for high-performance vehicles: If you drive a high-performance or luxury vehicle, you may find that Allstate has limitations on the coverage it offers for these types of vehicles.

These are just a few of the pros and cons of getting car insurance through Allstate in Alberta. It’s important to consider all of your options and weigh the benefits and drawbacks before making a decision.

The Co-operators in Alberta

The Co-operators is a Canadian insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through The Co-operators in Alberta:

Pros:

1. Customizable coverage options: The Co-operators offers a variety of coverage options, allowing you to customize your policy to meet your specific needs.
2. Strong commitment to sustainability: The Co-operators is a socially responsible company that is committed to sustainability, and they have a number of initiatives in place to reduce their environmental impact.
3. Local presence: The Co-operators has a strong local presence in Alberta, and they have a network of local agents who can help you understand your insurance needs and find the right coverage for you.
4. Discounts and rewards: The Co-operators offers a number of discounts and rewards programs, including a multi-policy discount and a loyalty discount for long-term customers.

Cons:

1. Premiums can be high: Like all insurance companies, The Co-operators sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. Some customers may find that their premiums are higher than they would like.
2. Limited coverage for high-performance vehicles: If you drive a high-performance or luxury vehicle, you may find that The Co-operators has limitations on the coverage it offers for these types of vehicles.
3. Fewer online services: Compared to other insurance companies, The Co-operators may have fewer online services and may require more interaction with an agent to manage your policy and make changes.

These are just a few of the pros and cons of getting car insurance through The Co-operators in Alberta. It’s important to consider all of your options and weigh the benefits and drawbacks before making a decision.

Alberta Motor Association (AMA)

The Alberta Motor Association (AMA) is a membership-based organization that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through the AMA in Alberta:

Pros:

1. Discounts and rewards: As a member of the AMA, you may be eligible for a number of discounts and rewards programs, including a multi-policy discount and a loyalty discount for long-term members.
2. Local presence: The AMA has a strong local presence in Alberta and a network of agents who can help you understand your insurance needs and find the right coverage for you.
3. Roadside assistance: The AMA offers roadside assistance as part of its insurance coverage, providing peace of mind if you experience a breakdown or other emergency while on the road.
4. Convenient services: The AMA offers a variety of convenient services to its members, including travel insurance, passport photos, and more.

Cons:

1. Limited coverage options: The AMA may have fewer coverage options available compared to other insurance companies, which could limit your ability to customize your policy to meet your specific needs.
2. Higher premiums for some drivers: Like all insurance companies, the AMA sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. Some drivers may find that their premiums are higher than they would like.
3. Required membership: In order to get insurance through the AMA, you must be a member of the organization, which could be an additional cost for some drivers.

These are just a few of the pros and cons of getting car insurance through the Alberta Motor Association (AMA) in Alberta. It’s important to consider all of your options and weigh the benefits and drawbacks before making a decision.

Economical Insurance in Alberta

Economical Insurance is a Canadian insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Economical Insurance in Alberta:

Pros:

1. Competitive prices: Economical Insurance is known for offering competitive prices on its insurance products, including car insurance. This can make it an attractive option for drivers who are looking for affordable coverage.
2. Wide range of coverage options: Economical Insurance offers a wide range of coverage options, including liability coverage, collision coverage, and comprehensive coverage. This allows you to customize your policy to meet your specific needs.
3. Strong financial stability: Economical Insurance is a financially stable company that has been in business for over 100 years. This gives you peace of mind knowing that your insurer is likely to be around for the long-term.
4. Convenient online services: Economical Insurance offers a number of online services, including the ability to view and manage your policy, make payments, and file a claim.

Cons:

1. Limited local presence: Unlike some other insurance companies, Economical Insurance has a limited local presence in Alberta and may require more interaction with an agent over the phone or online.
2. Fewer discounts and rewards: Compared to other insurance companies, Economical Insurance may have fewer discounts and rewards programs available.
3. Higher premiums for high-risk drivers: Like all insurance companies, Economical Insurance sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. High-risk drivers, such as those with a poor driving record or who live in a high-crime area, may find that their premiums are higher than they would like.

Wawanesa Insurance in Alberta

Wawanesa Insurance is a Canadian insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Wawanesa Insurance in Alberta:

Pros:

1. Strong financial stability: Wawanesa Insurance is a financially stable company with a long history of providing insurance coverage. This gives you peace of mind knowing that your insurer is likely to be around for the long-term.
2. Affordable rates: Wawanesa Insurance is known for offering affordable rates on its insurance products, including car insurance. This can make it an attractive option for drivers who are looking for cost-effective coverage.
3. Customizable coverage: Wawanesa Insurance offers a range of coverage options, allowing you to customize your policy to meet your specific needs.
4. Excellent customer service: Wawanesa Insurance has a reputation for providing excellent customer service, with knowledgeable agents who are always available to help you with your insurance needs.

Cons:

1. Limited local presence: Unlike some other insurance companies, Wawanesa Insurance has a limited local presence in Alberta and may require more interaction with an agent over the phone or online.
2. Fewer discounts and rewards: Compared to other insurance companies, Wawanesa Insurance may have fewer discounts and rewards programs available.
3. Higher premiums for high-risk drivers: Like all insurance companies, Wawanesa Insurance sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. High-risk drivers, such as those with a poor driving record or who live in a high-crime area, may find that their premiums are higher than they would like.

These are just a few of the pros and cons of getting car insurance through Wawanesa Insurance in Alberta. It’s important to consider all of your options and weigh the benefits and drawbacks before making a decision.

Desjardins Insurance in Alberta

Desjardins Insurance is a Canadian insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Desjardins Insurance in Alberta:

Pros:

1. Strong financial stability: Desjardins Insurance is part of the Desjardins Group, one of the largest financial cooperatives in Canada. This gives you peace of mind knowing that your insurer is likely to be around for the long-term.
2. Wide range of coverage options: Desjardins Insurance offers a wide range of coverage options, including liability coverage, collision coverage, and comprehensive coverage. This allows you to customize your policy to meet your specific needs.
3. Discounts and rewards: Desjardins Insurance offers a number of discounts and rewards programs, such as multi-policy discounts for customers who have more than one type of insurance with the company.
4. Local presence: Desjardins Insurance has a strong local presence in Alberta, with agents who are available to help you with your insurance needs.

Cons:

1. Higher premiums for high-risk drivers: Like all insurance companies, Desjardins Insurance sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. High-risk drivers, such as those with a poor driving record or who live in a high-crime area, may find that their premiums are higher than they would like.
2. Limited online services: While Desjardins Insurance does offer some online services, such as the ability to view and manage your policy, it may have fewer online services compared to other insurance companies.

Aviva Canada in Alberta

Aviva Canada is a Canadian insurance company that offers car insurance in the province of Alberta. Here are some of the pros and cons of getting car insurance through Aviva Canada in Alberta:

Pros:

1. Strong financial stability: Aviva Canada is part of the Aviva Group, one of the largest insurance companies in the world. This gives you peace of mind knowing that your insurer is likely to be around for the long-term.
2. Wide range of coverage options: Aviva Canada offers a wide range of coverage options, including liability coverage, collision coverage, and comprehensive coverage. This allows you to customize your policy to meet your specific needs.
3. Discounts and rewards: Aviva Canada offers a number of discounts and rewards programs, such as multi-policy discounts for customers who have more than one type of insurance with the company.
4. Convenient online services: Aviva Canada offers a range of online services, including the ability to view and manage your policy, make payments, and file claims.

Cons:

1. Higher premiums for high-risk drivers: Like all insurance companies, Aviva Canada sets its premiums based on a number of factors, including your driving record, age, location, and the type of vehicle you drive. High-risk drivers, such as those with a poor driving record or who live in a high-crime area, may find that their premiums are higher than they would like.
2. Limited local presence: Unlike some other insurance companies, Aviva Canada has a limited local presence in Alberta and may require more interaction with an agent over the phone or online.

Alberta Car Insurance Companies FAQs

Q: What are some of the major car insurance companies in Alberta? A: Some of the major car insurance companies in Alberta include Intact Insurance, Aviva Insurance, TD Insurance, Allstate Insurance, and Wawanesa Insurance.

Q: How do I compare car insurance companies in Alberta? A: To compare car insurance companies in Alberta, you can look at factors such as the level of coverage, cost of premiums, discounts, customer service, and reputation. It’s important to compare quotes from multiple providers to get a sense of the range of prices and coverage options available.

Q: Can I switch car insurance companies in Alberta? A: Yes, you can switch car insurance companies in Alberta at any time. It’s important to make sure you have a new policy in place before cancelling your existing policy, to avoid a lapse in coverage.

Q: How can I find a reliable car insurance company in Alberta? A: To find a reliable car insurance company in Alberta, it’s important to research the company’s reputation and customer reviews. You can also ask for recommendations from friends or family members who have experience with different insurance providers. Additionally, it’s a good idea to check the company’s financial stability and licensing status with the Alberta Superintendent of Insurance.

Q: What should I do if I have a complaint about a car insurance company in Alberta? A: If you have a complaint about a car insurance company in Alberta, you can contact the company directly to try to resolve the issue. If you are not satisfied with the response, you can file a complaint with the Alberta Superintendent of Insurance or the General Insurance OmbudService.

Q: Do car insurance companies in Alberta offer online quotes? A: Yes, many car insurance companies in Alberta offer online quotes through their websites. This can be a convenient way to get a sense of the coverage options and costs available from different providers.

Q: How can I save money on car insurance in Alberta? A: There are several ways to save money on car insurance in Alberta, including shopping around for quotes, maintaining a good driving record, increasing your deductible, and taking advantage of available discounts. Additionally, some insurance providers may offer discounts for bundling multiple policies, such as car and home insurance.

Q: How do I renew my car insurance policy with an Alberta insurance company? A: To renew your car insurance policy with an Alberta insurance company, you can usually do so online, by phone, or in person. It’s important to review your policy before renewing to ensure that the coverage and cost still meet your needs.

Q: Can I get car insurance in Alberta as a new driver? A: Yes, new drivers can typically get car insurance in Alberta, although the cost of insurance may be higher for drivers with less experience. It’s important to shop around for quotes and to consider taking a driver education course or defensive driving course, which can help demonstrate safe driving habits and potentially lower the cost of insurance.

Q: How do I file a claim with my car insurance company in Alberta? A: To file a claim with your car insurance company in Alberta, you can typically do so online, by phone, or in person. It’s important to provide as much information as possible about the incident, including photos or witness statements if available. Your insurance company will then investigate the claim and determine whether to provide coverage.

Q: How long does it take for a car insurance claim to be processed in Alberta? A: The length of time it takes for a car insurance claim to be processed in Alberta can vary depending on the specifics of the claim and the insurance company’s policies. In general, claims can take anywhere from a few days to several weeks to be processed, depending on the complexity of the claim and the extent of the damages or injuries.

Q: Can I cancel my car insurance policy with an Alberta insurance company? A: Yes, you can cancel your car insurance policy with an Alberta insurance company at any time. It’s important to review the policy terms and conditions to understand any potential fees or penalties for cancelling. Additionally, it’s important to have a new policy in place before cancelling your existing policy to avoid a lapse in coverage.

Q: How do I renew my car insurance policy with an Alberta insurance company? A: To renew your car insurance policy with an Alberta insurance company, you can typically do so online, by phone, or in person. It’s important to review your policy before renewing to ensure that the coverage and cost still meet your needs.

Q: How do I make changes to my car insurance policy with an Alberta insurance company? A: To make changes to your car insurance policy with an Alberta insurance company, you can typically do so online, by phone, or in person. It’s important to review your policy and understand any potential impacts to the coverage or cost before making changes.