Free Prince Edward Island Insurance Finder
Best, cheap PEI car insurance quotes online & more

As a website dedicated in large part to Prince Edward Island drivers – we strive to provide the best information about things that matter to motor vehicle drivers on Prince Edward Island's public roads. From learning to drive in Prince Edward, to Prince Edward License information, to tips for finding the best, cheap PEI car insurance quotes that local motorists want and need, our mission is to serve drivers. more...

When it comes to purchasing insurance in Prince Edward Island, you have three main options.

Get Insurance Quotes Online

If you want to get a Prince Edward Island insurance quote online there are many PEI insurance companies that offer the opportunity to search, compare and purchase Prince Edward Island insurance products online.

PEI Insurance Companies

Individual Prince Edward Island insurance companies also provide the opportunity for insurance consumers to directly reach out to them and get competitive insurance quotes for PEI insurance products.

PEI Insurance Brokers

PEI insurance brokers use their experience and professional knowledge to help you as a consumer find the best possible PEI insurance product for your needs at the most competitive price in the marketplace.

Find Your Ideal PEI Car Insurance Quote Online in 3 Easy Steps

Whether you are a low-risk or high-risk driver, we are confident that you will be able to find a cheap EI car insurance policy is through the ICanDrive.ca quote comparison service, the insurance companies we profile, or the Insurance section of our Driver's Directory. We want our online Insurance Quote Comparison Tool to be useful to any PEI insurance consumer looking for a quick and cheap Prince Edward Island insurance quote.

Start a quote

You can find many options on whom you want to pick as your PEI insurance provider. Once you submit your information, you will get a range of insurance quotes from multiple PEI insurance companies to choose from.

Compare Insurance Rates

We work hard to bring the best insurance quotes to you so you can compare the different PEI insurance rates on your own time and make an informed decision.

Choose the Best Insurance Quote

Getting a list of customized PEI insurance quotes and the opportunity to review them on your own time, without any pressure to purchase, makes the PEI insurance buying process very comfortable.

Try it now. Compare Cheap PEI Car Insurance Quotes. See for yourself.

Find a PEI Insurance Broker or Agent

For Prince Edward Island insurance shoppers that have unique needs or problems obtaining the insurance that they require, please check our Prince Edward Island insurance directory to find PEI insurance professionals and insurance firms that cater to islanders needs. We're confident you'll find someone who can help.

Sometimes there's just no substitute for a face to face chat with an insurance pro, especially if your needs are a bit more complex than the ordinary. Our directory may be able to help you find the right advice.

Professional insurance agents and brokers covering the Prince Edward Island area, must have in depth comprehension of the coverage they offer - they may be aware of insurance discounts that could apply to you. Is it worth it to get winter tires? What about insurance claims? Do you have traffic tickets or vehicle accidents on your driving record? Insurance professionals have the answers.

Fortunately, when it comes to insurance, Prince Edward Islanders are served by many different companies and their representatives, with a vast array of insurance products.

Among them:

  • Car /Auto Insurance
  • Commercial Insurance
  • Motorcycle Insurance
  • Critical Illness Insurance
  • Pet Insurance
  • Business Insurance
  • Liability Insurance
  • Classic Car Insurance
  • Travel Insurance
  • Property Insurance
  • RV Insurance
  • Boat Insurance
  • Title Insurance
  • Mortgage Insurance
  • Oil and Gas Industry Insurance
  • Home Insurance
  • Life Insurance

 All About Getting Cheap PEI Car Insurance

Another factor to keep in mind, is to consider the reputation of the particular PEI insurance company that you are considering when comparing car insurance quotes. Things like customer service, support, reliability and previous customer reviews are all important considerations when you're choosing a Prince Edward Island insurance company to sign up with.

Shop Around For Insurance Quotes

Looking at multiple insurance companies and the competitive quotes they are willing to provide will help you pick the best option for your driving profile.

Check Your Driving Record

Driving safely and within driving laws will keep your driving record clean and ensure you have an attractive driver profile for PEI car insurance companies.

Good Drivers Are In Demand

Remember that as a good driver, you also have bargaining power and the for-profit insurance companies want your business, so they will compete amongst themselves to bring you on board.

Your Profile Counts

Some other factors that may result in a cheaper or more expensive PEI car insurance rate are things like your residential address, where you park your car, what kind of car you drive and how often you drive.

Auto Insurance Coverage is Compulsory in Prince Edward Island

The Prince Edward Island government requires drivers to have motor vehicle insurance. Fortunately, insurance companies in Prince Edward Island offer more than just auto insurance coverage; they sometimes offer flexible car insurance payment options that can work with your income level. Different car insurance companies offer different auto insurance rates, some rates being more economical than others. Before deciding on a particular PEI auto insurance company, you should know the basic car insurance laws in PEI.

Auto Insurance Providers

Private insurers who are non-government insurance providers are responsible for providing Prince Edward drivers with a range of Prince Edward Island auto insurance policies.

Coverage Limits

The minimum requirement is $200,000 for any PEI auto insurance policy and this must be clearly stated within the policy criteria.

Accidents Benefits

Provides benefits that you, certain family and passengers are entitled to receive if injured or killed in a collision. These benefits include income replacement; payment for medical treatment and rehabilitation costs; payment for funeral expenses and payment for grief counseling for family members.

Third Party Liability

Provides coverage in a situation where you are liable to pay for collision resulted damages to another person (injury/death) or damages to their property

Motor Vehicle Insurance is Essential - Don't Drive Without It!

As per law, in order to drive in Prince Edward Island, it is mandatory for all PEI drivers to be covered under the minimum mandatory insurance coverage. Failure to carry valid auto insurance while operating a vehicle in Prince Edward Island can lead to numerous fines and place you in a sorely disadvantaged position when being considered for future auto insurance policies.

If you are found driving without a valid PEI car insurance policy you could be:

After being convicted of driving without valid auto insurance, you could be classified as a high-risk driver which would put you at a disadvantage and could prevent you from being able to enjoy future savings on insurance rates from any Prince Edward Island insurance providers

Fined anywhere from $5,000 to $50,000

Your driving license could be suspended and your vehicle impounded

If you are involved in an accident without a valid PEI auto insurance policy:

In the case of an at-fault accident, held personally responsible for the medical costs/losses incurred by the individual harmed

Denied entitlement to receive any form of accidents benefits insurance for loss of income, hospital expenses etc

Denied the option to sue an at-fault driver for compensation for any injuries sustained during an accident

Why You Should Compare PEI Car Insurance Quotes.

Auto insurance rate comparison is an effective way to lower your insurance rates.

When islanders speak of the best car insurance quote, they are almost always referencing the lowest cost quote they've seen. Nevertheless, the highest quality insurance companies are not just about producing the lowest insurance quote.

Consider for a moment how important service to end users might be at a time of stress. In our opinion, a track record of trustworthiness & honest dealing with policyholders when you really need it most, beats out the lowest price every time.

It might surprise you to learn that a driver can submit the exact same customer details through a variety of insurance policy comparison systems, and it's unlikely you'll find the exact same insurance quote provided by each company you survey.

If in the past, you've shopped for cheap PEI car insurance rates, you have in all probability found that the quotes you get for your distinct personal driving history, your home address and your particular insurance preferences vary from provider to provider - sometimes surprisingly so.

It's an interesting fact that different car insurance providers have their own unique philosophy on how they assess risk and a driver’s capabilities.

This inevitably results in divergences between the car insurance rate you get from one provider to another. Sometimes the differences are quite large.

For folks living in Prince Edward Island, it's wonderful that there are lots of insurance firms in competition with each other. Compare car insurance rates with as many insurance providers as you are able to, then you can make a really well-informed purchase.

Many Insurance Providers

PEI driver insurance is handled by private companies so competition is always present and can be very favourable for PEI drivers looking for insurance.

Compare Quotes

Check out a bunch of insurance comparison services so you know all your options and can end up with the best rate for your needs.

Check Renewal Dates

You will usually have the option to renew your insurance policy or make changes every year, so start researching your options around your renewal dates.

Ready to compare cheap PEI Car Insurance Rates online
& save some money?

Online Advantage

The Internet has changed the world of insurance significantly. And now, we can help you search online for cheap PEI car insurance rates without having to leave your home or even pick up the phone.

No Pressure Shopping

You can shop for competitive insurance quotes online from the comfort of your home without having to worry about purchasing on the spot or feeling pressured to make an immediate decision. It's never been faster or easier to find your best cheap PEI car insurance quote.

Free Service

Shopping for insurance quotes online costs you nothing but a bit of time. It's a completely free service designed to help you get the best possible cheap PEI car insurance quotes. Online, there is no obligation or pressure to immediately buy anything.

Competitive Quotes

By shopping online, you have access to dozens of insurance providers without having to invest the time into calling each company. You can be assured that you are receiving the most market competitive insurance quotes available for your region.

Try it now. Compare Cheap PEI Car Insurance Quotes. See for yourself.

What statistics can tell us about Prince Edward Island Insurance

Prince Edward Island (capital city is Charlottetown) or PEI as many like to call it, is Canada’s smallest provinces and one of Canada’s three Maritime provinces. While referred to as an island, it’s actually made up of 232 different islands (the largest of which is actually called Prince Edward Island). Although small in size, the province is still an important insurance marketplace. PEI is one of Canada’s richest provinces.

PEI insurance companies and their agents, and the PEI insurance brokers that sell vital coverage and protection plans to the individuals and corporations that operate there, fulfill an essential economic function. For some insight into what the dominant PEI insurance associations might be, the team at IcanDrive.ca looked at the data complied by Statistics Canada in their 2016 Census Report:

Prince Edward Population by Age Group

According to the data, the population grew 1.9 percent from the previous census in 2011 from 140,204 inhabitants to 142,907 inhabitants in 2016, with 69,305 being male, and 73,605 being female. No surprise that the majority of residents (92,510) were between the ages of 15 and 64 years of age. 22,685 inhabitants were under the age of 15 and 27,710 were over the age of 65. Only 30 individuals were recorded as being 100 years and over, with 25 of those being female. It seems likely that insurance products such as life insurance, medical insurance, dental insurance, various types of holiday or business travel insurance and pet health insurance will continue to be important for Prince Edward Island residents.

Prince Edward Housing and Insurance Products

PEI is a beautiful part of Canada, with a land area in square kilometers of 5,686.03 (which is tiny compared to Canada as a whole with a land area in square kilometers of 8,965,588.85). The number of private dwellings recorded was 71,119 units and the region is fairly densely populated with an average of 25.1 people per square kilometer as compared to the whole of Canada with only 3.9 people per square kilometer. Wherever there are people who rent their homes or own their homes, there is a market for insurance products and solutions which include property Insurance, home mortgage insurance, homeowners insurance, tenant insurance, title insurance, and condo insurance. While small, PEI is still significant.

Prince Edward Income and Insurance Needs

When looking at the income statistics for Prince Edward Island, we see that the average after-tax income in 2015 among recipients was 32,504 dollars, with men earning an average of 36,004 dollars and women earning an average of 29,249 dollars. This is slightly below the average for Canada, which is 38,977 dollars (men: $45,404 and women: $32,828). However, averages only tell a part of the story, and many PEI residents have achieved a diploma or degree at bachelor level or above, and these professionals often require certain kinds of insurance to protect themselves. Errors and omissions insurance, commercial general liability insurance, building construction liability insurance packages will probably continue to be in somewhat elevated demand.

Prince Edward Vehicle Types and Insurance Needs

While not as large an insurance market as some other areas of Canada, the need for auto insurance is obvious, with passenger vehicles like a car, light truck or van being the preferred method of commuting to work. With 53,200 residents commuting to work as a driver, and only 4,735 commuting to work as a passenger (815 took public transit, 3,375 walked, 300 cycled and 635 used another method like a motorcycle). PEI car insurance is an extremely significant part of the total PEI insurance sector, with motorcycle insurance and commercial auto insurance being much smaller.

Source: Statistics Canada, 2016 Census of Population.

Other related links:

Prince Edward Island Office of the Superintendent of Insurance: Consumer Complaints and Inquiries

Why use and trust ICanDrive.ca?

As a website, dedicated in large part to Prince Edward Island drivers – we strive to provide the best information about things that matter to residents who use motor vehicles on Prince Edward Island's public roads. From learn to drive in PEI with the PEI Graduated Driver Licensing program, to Prince Edward Island Driving License information, to tips for finding the best, cheap PEI car insurance quotes that Prince Edward Island drivers need and want - our mission is to serve drivers - we've been at it since 2011. We can help you with tips, tools and reminders that drivers can really benefit from. Need a car or a car loan? Check out our car financing section, or search our rapidly growing Driver’s Directory to find a specialist insurance broker or agent. You can even challenge your own driving knowledge with a PEI driving test. We invite you to explore all the free services we offer, including our guides on insurance, accidents, winter tires and most other topics that affect drivers in Prince Edward.

We can also help you find good coverage for other Prince Edward Island insurance products like PEI motorcycle insurance, PEI life insurance and PEI home insurance. Just select the type of insurance coverage you need in our quoting tool, enter your postal code and click the "Start" button to compare quotes.

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