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In Alberta, more and more people are getting caught driving without auto insurance. When you do this, you’re not only violating the law, you’re also putting yourself at serious financial risk. If the police catch you driving without car insurance, you’ll have to pay steep fines, and if you’re found at fault in an accident then you’ll have to pay the full costs of the bodily injury and property damage claims yourself. Additionally, your insurance rates will increase and you may lose coverage permanently from certain insurance companies.

What are the consequences of driving without insurance?

All drivers in Canada are required to insure their vehicles. When purchasing a new car, you must obtain auto insurance before driving it off the lot. There is no grace period when it comes to insuring a new car.

If you’re caught driving an uninsured vehicle, you’ll have to pay fines for breaking the law. In Alberta, you’ll be fined a minimum of $2,875 the first time you’re caught driving without insurance. In you’re caught driving without insurance for a second time within five years of the first offense, you’ll face a minimum fine of $5,000 up to $20,000. Failure to the pay the fines could result in jail time.

The high costs of getting into an accident without insurance

If don’t have car insurance and are involved in a collision for which you are subsequently found to be fault, you could be in serious trouble. Without an insurance company to cover the costs of property damage and bodily injury, you’ll have to pay for these expenses out of pocket. In many cases, you’ll end up having to pay tens of thousands of dollars in vehicle repairs and medical bills.

Many uninsured drivers flee the scene of an accident to avoid paying for the damage and being caught without insurance. However, the consequences for being a hit-and-run driver are even more serious—depending on the severity of the accident, you could face up to five years in prison and up to 10 years if anyone was injured.

Not having car insurance drives up your insurance rates

Even if you only drive without insurance for a short time, it can affect how much you’ll pay for auto insurance in the future. Insurance companies can see on your driving record if you’ve been caught driving without insurance in the past and will charge you higher premiums as a result. Some insurance companies may even refuse to give coverage to drivers that have been reckless enough to drive without insurance.

Driving without car insurance isn’t worth the risks. At MBS Insurance Brokers, we offer comprehensive auto insurance policies at competitive prices to Edmonton residents. Contact us today to make an appointment or request a quote.

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.