How much is car insurance in Charlottetown?
The average price of car insurance in P.E.I. is $816 per year, according to the Insurance Bureau of Canada.
But this average price of car insurance in Charlottetown, or the province, won’t be reflective of what you will end up paying for car insurance. The cost of car insurance is different for every driver — no one pays the average price.
When car insurance companies determine insurance premiums, they have to weigh a number of different factors including your age, sex, postal code, car type, and your driving experience. Your car insurance premium is highly dependent on your own unique makeup.
Car insurance calculators for Charlottetown don’t require enough information from you to provide an accurate estimate of Charlottetown car insurance prices. The quotes an agent or broker provides you will look a lot different than the amount generated by the calculator.
We suggest looking beyond the average as a benchmark. You’re better off getting a car insurance quote. The prices you see on LowestRates.ca are what you will pay unless your insurance agent or broker advises you to adjust your coverage.
Which Charlottetown postal code has the lowest average auto insurance premiums?
According to LowestRates.ca data, the Charlottetown postal code with the lowest average car insurance premiums is the C1A region, a large swath of the city. The University of Prince Edward Island, Red Shores Racetrack & Casino, and the Belvedere Golf & Winter Club are all contained within this region.
Which Charlottetown postal code has the highest average car insurance premiums?
According to LowestRates.ca data, the Charlottetown postal code with the highest average car insurance premiums is the C1C region, located just east of the city’s downtown. It encompasses the neighbourhoods of East Royalty, Hillsborough Park, and Falconwood.
How do Charlottetown car insurance rates compare to other cities in P.E.I.?
To see how car insurance rates in neighbouring communities compare to the average price Charlottetown, we benchmarked the average price of car insurance from the following communities to the average in the capital:
- Brackley 8% lower
- Kensington 19% lower
- Cornwall 27% lower
The larger the city, the higher the cost of car insurance. The increased urban density means there is more risk of accidents, vandalism, and thefts occurring. It follows that Charlottetown would have higher insurance costs.
However, that doesn’t mean that you’ll have to pay a lot for car insurance. Living in a capital city doesn’t mean you have to pay high car insurance rates.
Individual factors like your driving and insurance histories, age, and gender play a big role in how much you pay for car insurance.
Where do I get the cheapest car insurance quotes in Charlottetown?
There isn’t one car insurance company that offers cheap auto insurance quotes to every Charlottetown driver that applies for a policy.
Car insurance premiums are highly customized products, tailored to your driving history.
To find cheap auto insurance rates in Charlottetown, we recommend focusing on your choice of car, and also maintaining a clean driving record.
Finding the cheapest auto insurance quotes in Charlottetown requires one more step: comparing car insurance quotes in advance of your policy renewal date.
There’s a lot of price variation in the Canadian car insurance market. We can help you find a car insurance company serving Charlottetown that can offer you a lower rate.
Car insurance rates for Charlottetown seniors
Adults between the ages of 50 and 70 pay some of the lowest car insurance rates in Charlottetown. After age 70, you might see your rate begin to increase, at which point may be time to shop around for new automobile insurance in Charlottetown.
Car insurance rates for Charlottetown students
Car insurance for new drivers in Charlottetown is expensive since new drivers lack a track record when it comes to driving. Here are some strategies new drivers can try right now to trim your car insurance rates in Charlottetown:
- Get on your parents’ insurance as a secondary driver.
- Apply for student discounts offered by your car insurance company.
- Complete a driver’s education course.
It can be challenging for new drivers to find cheap car insurance in Charlottetown. However, we’ve found that the demographic that finds the most savings on LowestRates.ca are young drivers — the more you’re expected to pay, the more dramatic the savings you can find when you compare Charlottetown car insurance quotes.
Charlottetown car insurance for new immigrants
If you’ve recently immigrated to Charlottetown and have had car insurance in the past, ask your previous insurance company to provide a reference to your new Canadian insurer. If you can prove that you have a history of being insured, it will reduce your Charlottetown car insurance costs. Otherwise, car insurance companies will consider you a new driver.
Charlottetown car insurance for high-risk drivers
It’s hard to find affordable car insurance in Charlottetown as a high-risk driver but there are insurance companies that cater to this category of drivers. You can also always purchase facility insurance, which is a pool that is funded by Canadian insurance companies to offer coverage to high-risk drivers.
More tips on how to get cheap car insurance in Charlottetown
- Charlottetown is small, but it has a transit system. Leaving the car at home and using transit to run errands can reduce your annual mileage, and therefore, your car insurance costs. T3 Transit (previously known as Charlottetown Transit) was founded in 2005 and now boasts 10 routes and transports 250,000 passengers every year.
- Install snow tires. Prince Edward Island gets heavy snowfall. Snow tires will not only keep you safe, but you’ll also be rewarded with a discount on your car insurance premium.
- Try a telematics program. By giving your Charlottetown auto insurance company permission to monitor your driving habits via a smartphone app, you could reduce your annual car insurance premium by up to 25%.
