Car Insurance in Prince Edward Island

Your Guide to Prince Edward Island Vehicle Insurance

Drivers in Prince Edward Island can find a better car insurance rate in less time than it takes to drive across the Confederation Bridge!

It's Easy To Get A Better Deal on Your PEI Car Insurance With Kanetix.ca

Nobody likes to talk about car insurance, but since it's required by law in order to operate a vehicle in Canada, Kanetix.ca strives to make purchasing an auto insurance policy as quick and easy as possible. We know you don't want to seek out and sift through dozens of quotes just to find the best rate, so let us do the hard part for you. All you have to do is enter your information once and we'll give you quotes from multiple leading providers at the same time.

How Kanetix.ca Works

Kanetix.ca aggregates insurance rates from Prince Edward Island's top insurance providers so you can quickly find a better rate-for free. We also compare rates for Ontario car insurance, Alberta car insurance, Quebec car insurance, Nova Scotia car insurance and New Brunswick car insurance.

Comparing rates with Kanetix.ca is the easiest way to find immediate savings on your car insurance. No need to worry about a catch. Our service is absolutely free and we're proud to provide you with this quick and reliable service at no cost to you.

What Kind of Auto Insurance Does PEI Have?

Prince Edward Island operates on a no-fault system, meaning each person involved in a collision deals with his or her own insurance provider regardless of who caused the incident.

Mandatory Auto Insurance Coverage in PEI

In Prince Edward Island, it is mandatory for drivers to have the following minimum coverage:

• Third Party Liability - Protects you if you cause a collision resulting in injuries or fatalities, or damages to someone else's property. Minimum required liability coverage is $200,000, but most drivers in PEI opt for $1 million.
• Accidents Benefits - May cover you (or anyone else entitled to this benefit under your policy) if you're involved in an accident regardless of who is at fault. This could include medical expenses, rehabilitation costs, loss of income, funeral expenses and possibly death benefits.
• Direct Compensation - Property Damage - Covers repairs to your vehicle if you're involved in a collision in which you're not entirely at fault and at least one other driver involved is also insured in PEI. Amount payable varies depending on the extent of your involvement. (Mandatory as of October 2015)
• Uninsured Automobile Coverage - Covers you if you're involved in a collision with an uninsured driver or unidentified vehicle (coverage does not include damages to your vehicle caused by a hit-and-run, but does include recovery damages if you're seriously injured).

There are also multiple optional coverage options available such as specified perils, which covers losses against named risks such as fire or theft, or comprehensive, which protects you against specified perils as well as damage to your vehicle caused by fire, theft and vandalism. Talk to your provider about additional coverage today.

Graduated Licensing in PEI

Young drivers are sometimes subjected to higher car insurance rates because insurers tend to see drivers with less experience as higher risk. But that doesn't mean a young driver has to pay sky-high rates. This article can help you find a better rate no matter what stage you're at in your driving career.

• Related Read: 4 Easy Ways A Driver Under 20 Can Lower Their Car Insurance Rates

Now, there are three stages in PEI's graduated licensing program. Restrictions apply in all stages and details can be found listed under the Department of Transportation, Infrastructure and Energy's website.

Stage 1) Beginner drivers aged 16 and older can apply for an Instruction Driver's Permit (class 7) licence. Similar to other graduated licensing programs in the country, this permit allows beginners to drive under the supervision of an in-car instructor (a licensed driver with at least four years of experience). This permit expires after two years.

Stage 2) Drivers with the Learner's Permit can take a road test after 365 days (or 275 days if they have completed a certified driver's education course) in order to receive their stage 2 (class 5) licence. This licence allows drivers to operate a vehicle without an instructor, but again there are restrictions.

Stage 3) After 365 days, drivers without suspensions automatically graduate to this level. After one year, a stage 3 driver can apply for a class 1, 2, 3 or 4 driver's licence.

For all stages, the use of a handheld device while operating a vehicle is prohibited by law and the driver and all passengers must be wearing a seatbelt. Otherwise, fines, demerit points and suspensions may apply. Multiple offences may revoke your licence.

• Related Read: Distracted Driving Laws in Canada
• Related Read: Not Wearing Your Seatbelt Can Increase Your Car Insurance by How Much?

Factors That Go Into Determining Your PEI Auto Insurance Rate

Your premiums are based on a number of variables including:

• Where you live
• How long you have been insured
• The type of vehicle you drive (model and make)
• Your claims history
• Your insurance provider's claims history
• Whether you've taken a certified driver's training course
• Your personal driving record (tickets, suspensions, fines, etc)
• How often you drive
• The usage of your vehicle (if you use it professionally, for example)

Tips For Getting Cheaper Car Insurance in PEI

In addition to comparing rates, drivers in Prince Edward Island can save more off their premiums if they:

• Bundle auto insurance and home insurance for savings of up to five to 15 per cent
• Increase your deductibles
• Maintain a clean driving record
• Consider a Usage-Based Insurance program
• Install winter tires

Compare rates with Kanetix.ca. It's the easiest, fastest way to see immediate savings.

How PEI Car Insurance Rates Compare to Other Provinces

For a 35-year old driver with a clean driving record, PEI drivers pay some of the highest insurance rates in Canada.

You don't have to. Kanetix.ca customers save an average of $750 off their car insurance. Compare to see if better insurance rates could be yours today.