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Chestermere Auto Insurance

Whether you’re commuting to Calgary or just driving around town, auto insurance can help protect you if you’re in an accident. Gold Key’s auto insurance brokers in Chestermere can help you find the best rates and clear up any confusion about your coverage.

Why choose Gold Key Insurance for your Chestermere auto insurance?

Here are just 6 reasons to go with Gold Key Insurance for your auto insurance brokers in Chestermere:

We're Local

We’ve been serving the area since 1991 and our brokers are all local to the community.

We’re experienced.

With over 100 years of combined experience, you can trust that we know what we’re doing when it comes to insurance.

We’re independent

We aren’t owned by an insurance company which means we work for you.

Competitive Rates

We work with many different insurance companies to offer you the best rates for your insurance needs.

Choice of Coverage

We help you find the coverage you need for the best possible price.

Excellent Service

Our brokers are here to help you, whether it’s submitting a claim, answering a question, or getting a quote.

Access digital pink cards through our app.

Plus you can view your policy documents, request a change, or submit a claim.

Get an auto insurance quote in Chestermere today by giving us a call at 403-934-5959.

Types of Auto Insurance in Chestermere

There are two types of auto insurance in Chestermere:

  1. Mandatory auto insurance.
  2. Optional auto insurance.

Mandatory Auto Insurance in Chestermere

Third-party liability insurance and accident benefits coverage are mandatory auto insurance in Chestermere. This is mandated by the Government of Alberta.

Third-party liability insurance helps cover the costs if you’re at-fault in an accident. This can include:

  • Repairs or replacement of other damaged vehicles
  • Costs associated with injuries caused by the accident to others
  • Defense costs if you are sued
  • Judgement or settlement awards

Third-party liability does not cover repair or replacement of your own vehicle if you’re at fault in an accident. You would need collision coverage to be covered. If you’re not at fault, the at-fault driver’s third-party liability insurance should cover your damages.

Accident benefits offer compensation if you or your passengers are hurt in an accident, whether you’re at fault or not.

If you are driving without this mandatory coverage in Chestermere, you could be fined, have your license suspended, and pay out of your own pocket if you’re involved in an accident.

Optional Auto Insurance in Chestermere

Here are three of the most common optional auto insurance coverages available for Chestermere drivers:

  • Collision – helps cover the repair or replacement of your vehicle if you’re at fault in an accident.
  • Comprehensive – helps cover the repair or replacement of your vehicle if it is damaged by something like fire, a storm, vandalism and more.
  • Loss of Use – helps cover costs of a rental car, transit ticket, taxis or ride-sharing if your vehicle is involved in a covered claim.
  • Replacement Cost – if your new vehicle is a total loss, you can get a brand new vehicle of the same make and model (minus your deductible).

Different auto insurance companies in Chestermere may offer different optional coverages.

What is covered by auto insurance in Chestermere

What is covered by your auto insurance depends on your individual auto insurance policy and insurance company in Chestermere.

Here are some of the most common coverages you can purchase and a short description of what they cover:

  • Third Party Liability – Helps cover the cost of injuries and damages to other if you’re at fault in an accident, particularly if you’re sued. This can include the cost of repairing or replacing other vehicles, defense costs, legal settlements, and judgement awards.
  • Accident Benefits – Helps cover injuries to you and any passengers in your vehicle if you’re involved in an accident.
  • Collision – Helps cover repair or replacement of your vehicle if you’re at fault in an accident.
  • Comprehensive – Helps cover repair or replacement of your vehicle if it’s damaged from something other than an accident like theft, hail or fire. Not all perils are covered.
  • Loss of Use – If your vehicle is involved in a covered claim, you will get funds for some alternative transportation. This can be applied towards taxis, ride-sharing, public transit, and rental cars.
  • Replacement Cost – If your newly purchased vehicle is a total loss, you can get a brand-new vehicle of the same make and model, minus your deductible. This is not offered by all Chestermere auto insurance companies and there are restrictions on the age of the vehicle.

Exactly what’s covered by your Chestermere auto insurance will depend on your insurance company and individual policy. Work with one of Gold Key’s brokers to ensure you have the right coverage for your needs. They’ll also be able to explain your protection and answer your questions.

The Average Cost of Auto Insurance in Chestermere

The average cost of auto insurance in Chestermere is $1241 per year or $103.42 per month. Chestermere’s auto insurance rates are slightly lower than Calgary’s average of $1420 per year or $118.34 per month. Premiums are slightly higher than the Alberta average of $1235 per year or $102.92 per month.

What affects auto insurance rates in Chestermere?

There are many factors that affect Chestermere auto insurance rates, including:

  • Your insurance history. This includes how many years you’ve been consecutively insured, your payment history, and the number of claims you’ve made.
  • Your driving record. The more tickets you have, the higher your rates.
  • The number of years you’ve been licensed. Generally, the longer you’ve been driving, the lower your rates.
  • Driver’s training certification. Many insurers offer discounts if you undergo professional training.
  • Your credit rating. A credit check won’t impact your credit score but it could get you a discount with insurers.
  • If you commute. The further you commute, the higher your rates. This is because you’re more likely to get in an accident during morning and evening rush hour.
  • How much you drive. The more you drive, the more likely you’ll have a claim.
  • Your demographics. Insurance companies use statistics to determine how likely it is that you’ll be involved in an accident. Prices reflect this. You can also get discounts or lower rates based on certain demographics, such as being retired.
  • The make, model and year of your vehicle. This determines how much your vehicle will cost to repair or replace as well as how likely it is to be involved in an accident.
  • If you have approved security devices installed on your vehicle. Many insurance companies offer discounts for alarms.
  • The value of your vehicle.
  • The claim rate of your area. This determines how likely it is that you’ll make a claim on your auto insurance.
  • The crime rate of your area. This determines how likely it is that your vehicle will be damaged due to crime.
  • Your insurance options. This includes your coverage, policy limits, and deductible.

If anyone else is listed on the registration or lives in your household and drives the vehicle, they should be added to the policy as an insured or driver, respectively. Their demographics and driving record will also impact your Chestermere auto insurance prices.

How to Get the Best Auto Insurance Rates in Chestermere

Here’s how to get the cheapest auto insurance rates in Chestermere:

  1. If you’re buying a car, research the insurance costs beforehand. It may affect your purchase decision!
  2. Only submit a claim if you can’t pay for the damage out of pocket.
  3. Raise your deductible.
  4. Take a driver’s training course. Many insurers offer discounts if you have professional training. Talk to your broker to ensure you choose a recognized course.
  5. Use alternative transportation for your commute, if possible. You’ll pay more if you use your vehicle to commute as you’re statistically more likely to be involved in an accident.
  6. Follow the rules of the road. Tickets can increase your auto insurance rates in Chestermere dramatically.
  7. Let your insurance company run a credit check. This won’t impact your score but can get you a discount.
  8. Pay your insurance on time. You can be penalized with higher rates or fewer payment plans if you miss payments on your insurance.
  9. Work with a Gold Key auto insurance broker in Chestermere to find the best rates.

Get an Auto Insurance Quote in Chestermere

You can get a Chestermere auto insurance quote from Gold Key Insurance by:

  • Giving us a call at 403-934-5959
  • Visiting our office at 233 – 3rd Ave, Strathmore, AB
  • Requesting a quote online
    • Our brokers are happy to take care of the price shopping for you. We’ll deliver you competitive auto insurance quotes for Chestermere without compromising on coverage.

Frequently Asked Questions About Chestermere Auto Insurance

Here are some of our most frequently asked questions about auto insurance in Chestermere.

Is insuring a car different in Chestermere?

Insuring a vehicle in Chestermere is similar to insuring it elsewhere in Alberta. The rates may be slightly lower due to a lower claim and crime rate of the area. Your rates are more dependent on your individual factors like driving records, number of years you’ve been licensed, insurance options and the vehicle you drive.

Can you insure my high-value car?

Yes, we can insure high-value vehicles including collector cars.

How do I insure a teenage driver in Chestermere?

There are two ways to insure a teenager driver in Chestermere:

  • Add them to your existing policy.
  • Purchase them a separate Chestermere auto insurance policy.

The best option depends on your individual situation. It’s best to discuss your options with a broker directly.

Do I need auto insurance in Chestermere?

Yes, there is mandatory insurance in Chestermere. This is the accident benefits and third party liability insurance. All other coverage is optional. It may be a good idea to purchase additional insurance if you could not pay out of pocket to repair or replace your vehicle should something unexpected happen.

Do photo radar tickets affect my Chestermere auto insurance rates?

No, photo radar tickets do not affect Chestermere auto insurance rates. Any tickets you receive from an officer will count against your record and your insurance premiums.

Who sets the auto insurance rates in Chestermere?

Chestermere’s auto insurance rates are controlled and set by the Automobile Insurance Rate Board and the Office of the Superintendent of Insurance. Insurance companies control pricing on optional coverage as well.

Will I pay higher auto insurance rates because I live in Chestermere?

You may pay slightly higher than Alberta’s average auto insurance rates if you live in Chestermere. However, you will likely pay lower premiums in Chestermere than if you lived in Calgary or Edmonton.

Does my auto insurance cover me if my stuff is stolen from my vehicle?

No, auto insurance doesn’t cover personal belongings. These would normally be covered under your home, condo or renter’s insurance policies.

Am I covered if my vehicle is stolen?

You’re likely covered for theft if you have comprehensive coverage on your vehicle. If you do not have this optional insurance, you may not be covered for theft.

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