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Getting your driver’s license is an exciting part of adulthood, representing a new freedom and greater mobility. Finding an affordable car insurance policy in Edmonton can be difficult; however, as auto insurance premiums are high across the board for young and new drivers. Age, gender and inexperience can make the costs for a new driver quite expensive. The fatality rate for teen drivers in auto accidents is more than four times as high as that of drivers aged 25 to 34 and nine times as high as that of drivers aged 45 to 54. Young male drivers are especially at risk of accidents and have high insurance rates as a result.

Below are tips to consider when shopping for car insurance for a new or young driver in Edmonton:

  1. Take A Driving School Course
    Many insurers offer a discount if you complete a certified driver’s education course approved by the Alberta Ministry of Transportation. The discount of new driver insurance may vary based on the comprehensiveness of program you choose.
  2. Shop Around
    It is important find out what various companies offer and to compare plans. You will want to compare prices, coverage options, service and discounts. It’s also helpful to ask our auto insurance brokers in Edmonton about their experience with various auto claims to understand what will be required. When shopping around, you may also discover you are eligible for a discount because you are a student.
  3. Drive Carefully & According to Road Conditions
    In order to keep you premium from rising, you will need to drive safely. It cannot be overstated that how you drive affects your risk of getting into an accident. By driving safely you can earn rewards for being collision-free and avoid a driving suspension and premium increase for any convictions.Careless driving is of particular concern and is a major cause of accidents, especially among young or new drivers who are at risk because of their lack experience. Aside from the obvious of a hand-held device being an illegal distraction, passenger distraction adds a further risk of an accident with each additional passenger. It is important to be aware that drivers are not permitted to have more passengers than seat belts, as doing so can void the policy coverage in an accident.It is also important to never drive when you are fatigued, after drinking alcohol or after taking prescription, over-the-counter or illicit drugs. Learner and probationary drivers must have a zero blood alcohol concentration in order to drive legally. Details about the additional restrictions set in the graduated driver licensing program are available through the Alberta Ministry of Transportation website.
  4. Inquire about Getting Added to Your Parent’s Insurance
    If you don’t plan on driving often, being added to your parent’s policy as an occasional driver will cost less overall than if you take out your own policy. This may be a good idea to gain experience before buying a car or obtaining an independent policy. If you are added to your parents’ policy, your parents may want to increase the amount of liability coverage available in the event of an accident. Discounts may apply for having more than one vehicle on the policy. Discounts may also apply for having multiple car insurance policies in Edmonton with the same provider, such as home insurance or rental insurance and auto insurance.
  5. Don’t Drive When You Have a Viable Alternative
    If you drive the vehicle to school, your rates will be higher. In addition to difficulty parking, consider if taking the bus or walking is a viable option instead. As a recreational driver, your rates will be less than if you use the vehicle for a daily commute. Drivers with a learners licence cannot drive between the hours of midnight and 5:00 a.m. so you will need to have another mode of transportation available to you. Also, remember that the less you drive, the less gas you pay, the better it is for the environment, and the lower your risk of a traffic ticket and accident. Using a bicycle in good weather can be a viable alternative to driving a car. Once you have a good insurance record for a few years, your premiums will be reduced.
  6. If You Buy a Car, Choose One That Costs Less to Insure
    Before buying a new or used car, check the consumer reports for their safety record and reliability. Check the vehicle insurance rating and determine which vehicles offer the cheapest auto insurance rates. Usually four-door sedans are cheaper to insure, as they are less popular with thieves. A lower premium will also result if the car has approved safety features such as anti-lock brakes, air bags, a tracking system or a car alarm. A hybrid vehicle can also result in lower insurance as an incentive for fuel economy. The make and model of the vehicle will also affect your premium, with parts for imported vehicles typically costly more.

Get a Free Quote for Car Insurance in Edmonton

At MBS Insurance, our independent auto insurance brokers in Edmonton work with many companies in Alberta and will work to find you the best quote for your unique situation. We compare plans and will advise you of the discounts available.

Contact us today online a free auto insurance quote in Edmonton or at 780-436-7880.

How an Insurance Broker Saves You Time and Money

Do you know the benefits of an insurance broker?

Suppose you’re looking for the best insurance coverage at the best rates in Edmonton. In that case, you’ll first want to understand the benefits of an insurance broker and how they can help protect you in all sorts of different situations – whether it be saving you money, time or giving you simple peace of mind.

What Are the Benefits of an Insurance Broker?

Here are some of the many benefits of an insurance broker.

 

1. Saves Time

An insurance broker does all the work for you, so you don’t have to spend your valuable time shopping around for insurance. Instead, you simply provide your broker with information about your needs, and they shop the markets on your behalf.

 

2. Saves Money

Insurance brokers work with many different partners to find the best deals on the insurance that works for you. They take all your needs into account and make recommendations that are in your best interest. They have relationships with many insurance partners and can negotiate competitive rates and discounts, saving you money in the long run.

3. Expert Knowledge and Advice

An insurance broker provides you with the support and expertise you need to find coverage that suits your needs. They work with various products and services to find the coverage that best suits you. In addition, they can draw from an extensive knowledge base and experience to advise you on the best options. 

Insurance Brokers provide expert and unbiased advice. A wealth of knowledge about coverage and market rates combined with expert risk assessment ensures your possessions and business are adequately protected. Whether you are looking into auto insurance rates, tenant insurance, or home insurance rates, your insurance broker can help you every step of the way.

You can utilize their expertise to quickly identify your options and rely on their unbiased advice to help you make the best-informed decision for your situation.

 

4. Working For Your Best Interests

Since insurance brokers do not work with one particular company, they have nothing to gain from recommending a specific product. The insurance company also pays them a standard commission. Thus, there is no financial incentive to choose one insurer over another.

Insurance brokers have your best interests in mind. You can count on them to find you the best rate possible, which can give you the peace of mind you need. You can rest assured knowing that if you ever need to file a claim, one of our brokers will be there by your side to guide you every step of the way. They act as an advisor on insurance-related matters. They will shop the market for the best coverage and rates for you. Since fulfilling your needs is their only priority, they will provide independent, unbiased advice on the right coverage for your situation.

5. Privileged access and rates

Insurance Brokers have access to a wide selection of the best insurance companies in the country. These insurance companies are only accessible by Insurance Brokers. They do not deal with the public directly or with Direct Writers. Brokers enjoy long-standing relationships with these insurance companies. Still, they do not have an affiliation with any specific insurer, enabling brokers to provide you with a broader range of options at competitive rates.

 

6. Transparency

Insurance brokers must give full disclosure about their compensation and its effect on your insurance premium.  They are also required to declare any financial links with specific companies that may be a conflict of interest, enabling you to make the best-informed decision.

 

7. Risk and Advocacy Experience

Extensive experience dealing with different clients and claim situations equips insurance brokers with a broader perspective on how to reduce your risk. Also, in the event of a claim, you can count on your broker to act as your advocate with the insurance company and handle your claim fairly and promptly.

Speak to MBS Insurance in Edmonton about your Coverage

Reach out to MBS Insurance today to determine your home, auto, and commercial coverage options. Over the past 45 years, our experienced team of insurance brokers in Edmonton has earned the trust and loyalty of our clients by delivering superior products and services. We understand your needs and provide you with the best protection and rates.

There are many benefits of an insurance broker. We can help you understand the intricacies of your insurance plan while saving you money at the same time. We are a trusted insurance provider in Edmonton and provide personal and commercial insurance policies to people living in Alberta. We offer the best rates on recreational, auto, property, commercial, and group insurance policies. 

Contact us online for a free quote or by phone at 780-436-7880.

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This article was originally published on October 7, 2016, and updated for 2021.