Compare and purchase the best car insurance rates in Prince Edward Island.
In Prince Edward Island, factors like coastal weather, rural driving conditions, and local claims trends can all influence car insurance costs. The province's no-fault system also affects how coverage is structured and how claims are handled.
Comparing quotes is one of the most effective ways to find competitive rates in Prince Edward Island. Surex makes it easy to compare 10+ quotes from licensed PEI insurers, so you can review coverage options and pricing all in one place.
How car insurance works in Prince Edward Island
Car insurance is mandatory in Prince Edward Island and is regulated at the provincial level. The province operates under a no-fault system, which means drivers work directly with their own insurer after an accident, regardless of fault.
Drivers must carry minimum levels of coverage, including third-party liability, accident benefits, direct compensation property damage (DCPD), and uninsured automobile coverage. Drivers can also choose optional coverages for additional protection based on their vehicle, driving habits, and comfort level with risk.
Work with licensed Prince Edward Island insurance advisors
Understanding car insurance rules, coverage options, and pricing in Prince Edward Island can feel overwhelming, especially when requirements and claims processes differ from other provinces. Surex connects Prince Edward Island drivers with licensed insurance advisors who are authorized to provide coverage in your province and understand how the local system works. They’re available to answer your questions, walk you through your options, and help you find a policy that fits your needs, with support before and after you choose coverage.
What Prince Edward Island drivers say about Surex
Find out how Surex has helped local drivers compare coverage, get answers to their questions,
and choose the right policy for their needs.
Compare coverage options from trusted Canadian insurance providers
Surex works with a wide network of trusted insurance providers, helping PEI drivers compare coverage options and choose
policies that fit their needs and budget.
PEI auto insurance rates vs. other provinces 2026
Find out how much drivers in Prince Edward Island pay on average for their annual car insurance premium, and compare auto insurance prices in other provinces.
Province |
Annual Premium |
Monthly Premium |
|---|---|---|
Prince Edward Island |
$1,156 |
$96.33 |
Alberta |
$2,316 |
$193.00 |
British Columbia |
$1,522* |
$126.83 |
Manitoba |
$1,235* |
$102.92 |
New Brunswick |
$1,475 |
$122.92 |
Newfoundland & Labrador |
$1,532 |
$127.67 |
Northwest Territories |
$1,488 |
$124 |
Nova Scotia |
$1,598 |
$133.17 |
Nunavut |
$1,468 |
$122.33 |
Ontario |
$2,318 |
$193.17 |
Quebec |
$1,176 |
$98.00 |
Saskatchewan |
$1,361* |
$113.42 |
Yukon |
$1,295 |
$107.92 |
Average prices are based on Surex quotes in the past 12 months for drivers with one vehicle and no claims. Updated March 2026.
*Provinces with public insurance. Data collected from Statistics Canada’s Report on Auto Insurance Premiums, released 2025.
Types of coverage we provide
Provides coverage to repair/replace your car if it's damaged in an at-fault accident, hit and run, or with an uninsured driver.
Typically covers fire, hail, theft, collision with an animal, vandalism, and falling objects, among others. (subject to a deductible).
Protects you or a family member if injured or killed in an accident caused by an uninsured/under-insured motorist.
Allows one 'free' at-fault accident, meaning your rates will not increase on your first accident if you remain with the same provider.
Windows are included in comprehensive*, however, you have the option to remove this coverage to lower your premium. (*Not included in Alberta.)
You can extend your car insurance coverage to protect you while driving a rental vehicle, up to a certain limit.
In the event of a "total loss", this coverage will protect you from depreciation. You’ll be entitled to the original price you paid/current sale price.
This allows for the protection of your “claims-free discount” in the event of your first claim.
What affects auto insurance rates in Prince Edward Island?
Car insurance rates in Prince Edward Island are influenced by a combination of provincial regulations, local driving conditions, and individual driver factors. While every driver receives a personalized quote, understanding these common factors can help explain why premiums may differ from one person to another.
Key factors include:
- PEI’s insurance system: The province’s no-fault system and mandatory coverage requirements affect how claims are handled and how policies are priced.
- Local driving conditions: Rural roads, wildlife collisions, and daily driving patterns can affect accident risk.
- Coastal weather: Storms, heavy rain, and winter weather in PEI can contribute to collisions and insurance claims.
- Claims and repair trends: Local claims history and repair costs can influence premiums across the province.
- Driver profile: Your driving record, age, and annual mileage all play a role in determining your rate.
- Coverage choices: Your coverage limits, deductibles, and optional protections can affect the overall cost of your policy.
Why car insurance quotes can vary in PEI
These examples show how quotes can differ across Prince Edward Island based on driver profiles, vehicles, and coverage choices.
They’re for illustrative purposes only and are not averages or guarantees. Comparing options can help you find the right fit.
Car Insurance in Prince Edward Island – FAQs
Yes, car insurance is mandatory in Prince Edward Island. Drivers must carry a minimum level of coverage to legally operate a vehicle in the province.
Car insurance in Prince Edward Island costs approximately $1,156 per year, or about $96.33 per month, on average. However, premiums can vary widely based on factors like your driving history, vehicle type, and coverage choices.
Car insurance rates in Prince Edward Island are affected by local factors like coastal weather, rural driving conditions, and claims trends. Insurers also consider your vehicle type, coverage choices, and claims history when calculating your premium.
You can lower your insurance costs by maintaining a clean driving record, bundling policies, increasing your deductible, and comparing quotes from different insurers. A licensed insurance advisor can also help you identify savings opportunities and find coverage that fits your needs and budget.
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Underwriting Specialist
Helpful auto insurance guides
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