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Prince Edward Island Car Insurance

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Car insurance = safety and protection

Driving on Prince Edward Island is wonderful to experience and will have you taking in many breathtaking views! The island has many scenic heritage roads and three coastal drives to explore. Along some of the coastal drives, you'll find historic and iconic landmarks, as well as picturesque houses, country churches, and grazing cows. The scenic heritage roads are something special as you drive along narrow red clay lanes that are said to be a unique part of the heritage. Among the beautiful countryside views, you'll get a glimpse of the past such as remnants of old sawmills, and furniture factories that have long ceased operations. As an agricultural province, you will find yourself sharing the roads and highways with farm vehicles or horse-drawn carriages, so drivers are encouraged to slow down and enjoy the scenery when this happens!

When you own a car, getting auto insurance is mandatory by law across Canada. Whether you're commuting to work every day, or just using your vehicle to run weekly errands, you need car insurance. It protects you (the driver), your passengers, and pedestrians in the event of an accident. So, before you get behind the wheel talk to your Surex Advisor who can help you get on the road today! In addition, you can also check out blog posts about car accident insurance claims do's and don'ts in Canada or you can read how Canadian insurances begin crack down on texting & driving

Comparing rates from Canada’s leading Auto insurance providers
Wawanesa Insurance
Pembridge Insurance
economical
Intact Insurance
TuGo
travelers
Jevco Insurance
Types of Coverage We Provide
Accident Forgiveness
This allows one 'free' at-fault accident, meaning your rates will not increase on your first accident if you remain with the same company.
Car Rental Coverage
You can have your car insurance coverage extend to protect you while driving a rental vehicle up to a certain limit.
Collision Coverage
Provides coverage to repair/replace your car if it's damaged in an at-fault accident, hit and run or with an uninsured driver.
Comprehensive Coverage
Subject to a deductible typically covers fire, hail, theft, collision with an animal, vandalism and falling objects among others.
Depreciation Coverage
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.
Family protection
Protects you or a family member if injured or killed in an accident caused by an uninsured/under-insured motorist.
Third Party Liability Coverage
When deemed legally responsible, provides coverage for injuries or damage caused by you to third parties and their property.
Windshield Coverage
Windows are included in comprehensive, however, you have the option to remove this coverage in order to lower your premium. *AB it is not included

Car Insurance in Prince Edward Island

Car insurance in Prince Edward Island is based on many factors such as demographics, driving history, and car model and each company rates these things differently. A Surex Advisor can help by automatically comparing quotes to find you the best coverage and rate for your situation. As of 2020, the average annual price for car insurance in PEI is $816. Of course, it is always recommended that you plan to pay more in case the rate you get is above average.

The cheapest auto insurance company in PEI will vary, based on a few factors, including:

  • Your personal driving history
  • The amount of coverage you require
  • Car insurers history of insuring a vehicle in your area (the amount of car insurance claims near you)

A Surex Advisor can help by automatically comparing quotes from the different carriers we work with: RSA, Intact, Economical, Travelers, Wawanesa, and Aviva to find you the best coverage and rate for your situation.

 

Auto insurance is regulated by the Island Regulatory and Appeals Commission. Auto insurance is the only type if of insurance regulated in PEI. The Office of the Superintendent of Insurance regulates the business of insurance granting licenses to insurers, agents, and adjusters operating in the province.

Prince Edward Island car insurance uses a no-fault system. This means that you only ever deal with your own insurance company for any claims regardless of who was at fault for the accident. Under the no-fault model, anyone injured in traffic accidents is entitled to full medical and rehabilitation treatment, income replacement, and other benefits depending on the severity of their injuries. But, if you are a victim of an accident caused by a careless or bad driver, you do not collect damages from them.

Pros: quick claim payouts and a reduced number of lawsuits for minor injuries.

Cons: raises car insurance premiums and is difficult for drivers to get compensation for pain and suffering.

The three types of auto insurance available are:

  • Third-Party Liability: this is the legal minimum of car insurance coverage needed in NB. Third-party liability insurance aims to protect you if you are involved in an accident, and may have to make a payment to another party.
  • Liability, Collision & Comprehensive: Also known as full coverage, this is the maximum auto insurance coverage available.
  • Liability & Collision OR Comprehensive: If you own your vehicle outright and are looking for more than the minimum auto or car insurance coverage, but not quite the maximum amount, this is where you’ll find what you need.

If you’re leasing or financing a vehicle, there’s a 99% chance that liability, collision & comprehensive coverage -- full coverage -- is required on the vehicle, as part of your leasing/financing agreement.

Mandatory PEI auto insurance coverage includes:

  • Third-party liability
  • Accident benefits 
  • Uninsured automobile insurance
  • Direct Compensation Property Damage (DCPD)

Similar to home insurance, if you feel you need more coverage, you can easily ask your insurance advisor for additional optional coverages.

Optional PEI car insurance coverage includes (full descriptions below)

  • Collision insurance
  • Comprehensive car insurance
  • Specified perils
  • All perils
Best Coastal Drives in Prince Edward Island
  1. Northe Cape Coastal Drive
  2. Central Coastal Drive
  3. Points East Coastal Drive
Best Road Trips in Prince Edward Island
  1. Summerside to Cap-Egmont
  2. Skinners Pond to Judes Point
  3. Mill River to West Point
Best Scenic Heritage Roads in PEI
  1. Walls Road
  2. Hackeney Road
  3. Millman Road
PEI Auto Insurance Rates Vs. the Rest
Compare the average auto rates from across Canada. These figures are from the Insurance Bureau of Canada, BC - Better Auto Insurance (2020) & Insurance Bureau of Canada, (2017) website.

Province

Average Rates

British Columbia

$1,832

Ontario

$1,505

Alberta

$1,316

Newfoundland & Labrador

$1,168

Manitoba

$1,140

Northwest Territories

$978

Nunavut

$963

Saskatchewan

$1,235

Nova Scotia

$891

New Brunswick

$867

Yukon

$812

Prince Edward Island

$816

Quebec

$717

Compare Real Quotes

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Talk to Real People

Insurance Broker
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Licensed Insurance Advisor

Have questions? We’ve got answers:

As Prince Edward Island’s online car insurance marketplace, Surex has partnered with the top insurers in the province to get you cheap auto insurance in PEI. Our auto insurance partners include RSA, Intact, Economical, Travelers, Wawanesa, and Aviva.

The easiest way to get cheap auto insurance rates in Prince Edward Island is by being a driver who is eligible for car insurance discounts. Having partnered with the top car insurance carriers in PEI, Surex is able to offer an array of discounts to people looking to lower their annual car insurance premiums. Auto insurance discounts include:

  • Good credit discount - Auto insurers want clients that always pay their bills. Having a credit score above 650 (we will verify this by doing a soft hit of your credit score, with your permission) can save you up to 20% off your annual car insurance premium amount.
  • Claims-free discount - If you’ve gone at least 6 years without an at-fault accident, this extended run of safe driving highlights to car insurers that the odds of you being at fault in an accident is lower than normal. Because of this, some auto insurers will offer a claims-free discount to you, which can save you up to 10% off your annual auto insurance premium amount.
  • Conviction-free discount - Another way to demonstrate that you’re less of a risk to auto insurers is by going at least 3 years without a driving ticket (photo radar & parking tickets don’t count). Similar to a claims-free discount, a tickets-free discount can save you up to 10% off your annual car insurance amount.

Depending on your past history of paying your auto insurance bills on time, car insurers can give you the option to choose whether you pay for your annual premiums annually or monthly.

If you pay your car insurance amount in full, upfront, this will save you 2-5% off your annual auto insurance premium amount, compared to paying monthly, if that option is available to you.

Yes. In the vast majority of cases, car insurers will give you -- their valued client -- the option to pay by credit card or direct deposit. There may be different benefits associated with different payment methods, so make sure you understand all the benefits your PEI insurance provider offers.

As Prince Edward Island’s online car insurance marketplace, Surex has partnered with the top insurers in the province to get you cheap auto insurance in PEI. Our auto insurance partners include:

  • RSA
  • Intact
  • Economical
  • Travelers
  • Wawanesa
  • Aviva

Surex compares quotes from several insurance providers to help you find a rate and a coverage plan that fits you. We shop around for you to find the best package for you. You could save a significant amount by comparing quotes from several car insurance companies, and Surex does that. Surex also leverages our partnerships with our insurance providers to get you deals for auto insurance in PEI that may not be available anywhere else. We compare quotes from all our partners and help you understand them, to help you get the plan that works best for you.

If you cannot get car insurance because you are considered a high-risk driver, then you can use the Facility Association. This is an organization that works with insurance companies to guarantee coverage for those in need. 

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