How much does auto insurance in Red Deer cost?
The average cost for car insurance in Red Deer is $2,307 annually, or about $192 per month. Drivers pay about $400 less per year than the provincial average in Alberta. Costs can fluctuate based on your neighbourhood, vehicle, driving history, and other factors. Too many accidents, tickets, or claims on your record will increase your average rates.
Here’s a breakdown of premiums by different time frames:
- Annually: $2,307
- Semi-annually: $1,153.50
- Quarterly: $576.75
- Monthly: $192.25
- Weekly: $44.36
- Daily: $6.32
Red Deer car insurance rates by year
Car insurance rates in Red Deer are slowly on the rise. After dropping in 2024 because of the government-imposed rate freeze, premiums are increasing again in 2025. Even so, they are still lower than the provincial average ($2,778).
| Year |
Average annual premium |
| 2025 |
$2,307 |
| 2024 |
$2,121 |
| 2023 |
$2,206 |
| Average rate (2023-25) |
$2,211 |
**
Save more with a multi-vehicle policy
Having multiple vehicles doesn't mean your insurance rates will double. When you combine multiple vehicles in the same policy, you can lower the average cost per vehicle. Based on our customer data, we found that policyholders can have about $383 per vehicle. This brings the average cost per vehicle down to $1,541 annually.
|
Average rate |
Average rate per vehicle |
Total savings |
Savings per vehicle |
| 1 car |
$2,307 |
$2,307 |
|
|
| 2 cars |
$3,081 |
$1,541 |
$766 |
$383 |
**
Why should you get Red Deer car insurance quotes often?
Comparing quotes in Red Deer is the best step you can take to lower your car insurance.
Assessing your options is particularly important if you recently got a ticket, changed vehicles, or altered your policy. These factors all impact how much you pay. Here’s why it's important to compare quotes regularly:
- Things change: A lot of things can change that have an impact on your costs. Getting an estimate allows you to see how changes impact your premiums.
- Rates fluctuate: Insurance costs fluctuate. You could be losing out on cost savings if prices drop.
- Know your options: You won’t know the types of coverage insurers offer unless you compare.
How can I pay less for Red Deer auto insurance?
![Man and woman taking selfie in car suv trunk.]()
Saving money on auto insurance in Red Deer is important. Here is how you can find ways to pay less:
- Drive safe: Keeping a clean driving record, avoiding distracted driving, and traffic tickets will help keep your costs down.
- Choose coverage wisely: Increasing your car insurance deductible and choosing the right policy will help ensure you are not over-insured.
- Choose the right vehicle: You can’t expect to have affordable auto insurance if you drive an expensive car or a car that is more likely to get in an accident. Before buying your next vehicle, look at the list of insurance-friendly vehicles. The car you drive will impact your rates.
- Take advantage of discounts: Insurers offer a variety of discounts – bundling home and auto insurance, multiple vehicles, winter tires, and installing anti-theft devices will lower costs.
- Shop around: Comparing car insurance quotes frequently is one of the most effective ways to pay less.
