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PEI Auto Insurance

Affordable rates, essential auto insurance options.

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PEI Auto Insurance

Affordable rates, essential auto insurance options.

Get a Quote

Your Ultimate Auto Insurance Guide in PEI

Embark on your PEI road adventures with confidence, knowing your auto insurance has you covered. Ideal for both young drivers and new car owners, we set you up with a comprehensive policy. Enjoy essential protections, from liability to collision coverage, designed to keep you secure in any scenario, no matter the vehicle or situation. With us, your journey starts and ends with safety and certainty.

Navigate the Road with Confidence: PEI Auto Insurance

In the heart of Prince Edward Island, our brokers aim to be your trusted navigator through the intricate world of auto insurance. By partnering with a wide array of insurers, we provide tailored options that resonate with your distinct lifestyle, driving patterns, and financial boundaries. Consider us your personal insurance concierge; we match you with an auto insurance policy that mirrors your individual needs, ensuring you feel safe on every journey.

Why Do You Need Auto Insurance?

As an insurance brokerage, we understand that auto insurance in Prince Edward Island is more than a legal requirement — it’s your protective barrier while on-the-go. It safeguards you against unexpected costs stemming from accidents. Lacking proper auto insurance could expose yourself to financial strain and legal issues. Our auto insurance policies are designed to offer a robust defense against numerous on-road perils, ensuring your journey remains secure and uninterrupted. The average auto insurance rate is $  1391.21 per year in PEI. Contact one of our skilled brokers for a quote.

What is Mandatory Coverage for Auto Insurance?

As your trusted insurance brokerage in PEI, we emphasize the importance of understanding your auto insurance coverage:

  • Third-Party Liability: In the event an accident causes injury or property damage to others, third-party liability coverage is your financial safeguard. Given that provincial minimums may fall short of covering extensive accident-related costs, which can soar up to $2 million, speak to one of our brokers to establish an adequate coverage limit tailored to your needs.
  • Accident Benefits: This type of coverage can support you financially for medical expenses, rehabilitation costs, income replacement, and more following an accident. An essential protection coverage option that provides stability during recovery periods.
  • Direct Compensation Property Damage (DCPD): If you’re involved in a collision where you’re not fully at fault, DCPD covers the repair or replacement costs of your vehicle. This coverage type ensures you’re back on the road swiftly and without undue financial strain.

What is the Cost of Auto Insurance in PEI?

In Prince Edward Island (PEI), car insurance premiums differ based on numerous factors, leading to a spectrum of insurance rates. In PEI, you might find different rates reflective of local regulations and risk assessments. Auto insurance rates in PEI can cost you from the lower range of $XXX (insert data module) to a higher range of $XXXX (insert data module) in PEI. If you’re uncertain about your current auto insurance costs, reach out to our experienced team of brokers. We’re dedicated to helping you through the specifics of vehicle insurance, to make sure you have a premium that aligns with your lifestyle and budget.

Why Work With Caldwell?

Locally owned insurance brokerage. 

As an independent brokerage, we offer personal and commercial line insurance from Canada’s leading insurers.

Serving clients for over 50 years.  

Based in Nova Scotia, we are proud to serve customers in The Maritime provinces (Nova Scotia, New Brunswick, and PEI).

Comprehensive insurance products and services. 

We provide customized insurance solutions for your home to your business. We offer solutions for your unique insurance needs.

What is Optional Coverage for an Auto Policy?

Collision Coverage

This insurance option provides financial assistance if your vehicle needs repairs after an accident, regardless of fault.

Comprehensive Coverage

This plan covers costs arising from non-collision incidents, such as weather damage, theft, or vandalism.

Uninsured/Underinsured Motorist Coverage:

This ensures you are financially protected if involved in an accident with a driver who has insufficient or no insurance.

Loss of Use Coverage

If an accident leaves you without a vehicle, this coverage supports the cost of a rental car, ensuring you stay mobile.

Auto Insurance FAQs

Auto insurance in every province in Canada is a legal requirement; it’s also a vital safety net for drivers. It protects a policyholder from unexpected expenses that can arise from accidents, whether you’re at fault or not. Without auto insurance, you risk facing financial burdens, legal consequences, and potential difficulties in getting back on the road.

An auto insurance policy provides comprehensive coverage against various risks on the road. Depending on the coverage you choose, it can include protection for third-party liability (covering injuries or property damage when you’re at fault), accident benefits (financial support for medical fees and income replacement), direct compensation for property damage, collision coverage, comprehensive coverage for non-accident events, uninsured or underinsured driver protection, and loss of use coverage for renting a vehicle after an accident.

Insurance companies consider several factors, including your driving record, age, gender, the type of vehicle you drive, its use, and where you live. Other factors may include your insurance history, the amount of coverage you choose, and the deductible you select.

A deductible is the amount you agree to pay out of pocket when you make an insurance claim. Your insurance company covers the remaining costs up to your policy limit. Choosing a higher deductible can lower your premium, but you’ll pay more out-of-pocket in the event of a claim.

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