Insurance Market in Calgary
Insurance rates in Calgary are influenced by local factors including traffic density, theft rates, weather events, and the cost of claims in your area. Alberta insurance is regulated by Alberta Superintendent of Insurance. Alberta operates a fully private insurance market, meaning you can compare rates from multiple competing insurers to find the best premium for your needs.
Insurance Products Available in Calgary
Auto Insurance
Mandatory in Alberta. Covers liability, accident benefits, and optional collision and comprehensive coverage for your vehicle.
Home Insurance
Protects your home and contents against fire, theft, and liability. Required by most mortgage lenders in Calgary.
Condo Insurance
Covers your unit contents, betterments, and personal liability. Works alongside your condo corporation's master policy.
Tenant Insurance
Affordable renters insurance covering your personal belongings and liability. Starting from as little as $15/month in Calgary.
Tips to Lower Your Insurance in Calgary
Bundle your auto and home insurance with one provider — most insurers offer 10–15% multi-policy discounts.
Install a monitored alarm or telematics device. Insurers often reward lower-risk behaviour with reduced premiums.
Maintain a clean driving record. Even one at-fault accident can significantly raise your auto insurance premium.
Increase your deductible if you can afford to pay more out-of-pocket in a claim — it lowers your annual premium.
Compare quotes at renewal time every year. Loyalty discounts are often smaller than new-customer offers.
Insurance FAQs for Calgary Residents
How much is car insurance in Calgary?
Car insurance rates in Calgary depend on your driving history, vehicle, and coverage level. The average auto insurance rate across Alberta is $1,320/year annually. Alberta has a private insurance market regulated by Alberta Superintendent of Insurance. Comparing quotes is the best way to find your lowest rate.
What affects my auto insurance rate in Calgary?
Key factors include your driving record, years licensed, vehicle make and model, annual mileage, where the vehicle is parked overnight, coverage type (liability only vs comprehensive), and your deductible amount. Your age and claims history also play a significant role.
Is home insurance mandatory in Calgary?
Home insurance is not legally required in Alberta, but your mortgage lender will almost certainly require it as a condition of your mortgage. Even without a mortgage, home insurance protects you against significant financial loss from fire, theft, liability, and other covered events.
How can I lower my insurance premiums in Calgary?
Bundle your auto and home insurance with the same provider for a discount. Install a monitored alarm system, maintain a clean driving record, increase your deductible, take advantage of loyalty and multi-vehicle discounts, and compare quotes annually when your policy renews.