New Brunswick Auto Insurance

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New Brunswick Auto Insurance Overview

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New Brunswick enjoys one of the most affordable average auto insurance rates in all of Canada. New Brunswick auto insurance rate is the fourth lowest among Canadian provinces. In 2016, an average vehicle costs only $775 to insure which is 46% lower than Ontario rates.

Although New Brunswick drivers pay some of the lowest rates, the rates offered by different New Brunswick auto insurance companies differ. While some insurers offer rates lower than the average, some others offer higher. The key to saving on your New Brunswick auto coverage is to shop around and go with insurers offering lower rates for your coverage.

This is where comes in. We help New Brunswick drivers to find the cheapest and affordable auto insurance rates. When you call Insurdinary, we will connect you to reliable insurance advisors in New Brunswick who will guide and assist you to choose the most suitable and adequate auto insurance coverage for residents.

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New Brunswick Auto Insurance Details

Factors that affects Auto Insurance rates in New Brunswick

Your New Brunswick auto insurance rate can be determined by several factors. Auto insurers in the province consider some of these factors when calculating your rate. The factors are outlined below:

  • Your payment history
  • Discounts
  • Driving record
  • How you use your vehicle
  • Your insurance coverage lapses
  • Whether you live in a city or rural area
  • The number of years you have been licensed.

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New Brunswick Auto Insurance News

A group comprising some of the largest auto insurers in New Brunswick is applying for a rate high in the province. If approved, this would be the steepest hike in 16 years.

However, the topic is too late to become an election issue because drivers will not be faced with the bills until weeks after the provincial election.

The New Brunswick’s consumer advocate for insurance, Michelle Pelletier said that the increase will be significant. She said that insurers are complaining of having really big losses and therefore are asking for bigger increases.

New Brunswick has become one of the most troublesome financial sinkholes for auto insurers because of rising auto accident claims caused by more generous government rules around what accident victims can claim compensation for.

The General Insurance Statistical Agency (GISA) of Canada said that auto accidents claim amount of $376.9 million was generated in New Brunswick in 2017. This corresponds to 62% ($144 million) more in claims within five years, yet insurance premiums were not increased to compensate for it. However, the average premiums paid by drivers in the province between 2012 and 2017 decreased to $803.15 per vehicle.

To learn more about New Brunswick auto insurance news click here.

New Brunswick Auto Insurance FAQ

Will new Brunswick Auto Insurance go down anytime soon?

What is the minimum requirement for New Brunswick Auto Insurance?

How are auto insurance rates determined in New Brunswick?

What factors do not affect your New Brunswick auto insurance rate?

How do you determine fault in New Brunswick?

What New Brunswick laws affect drivers in the province?

Auto Insurance Related Pages

Average Auto Insurance Rates By Province

British Columbia
Newfoundland and Labrador
Northwest Territories
Nova Scotia
New Brunswick
Prince Edward Island
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