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Fredericton Car Insurance

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Article Contents
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated on May 16, 2024

Visit author page
Picture of By <span>Aren Mirzaian</span>
By Aren Mirzaian

Updated May 16, 2024

Visit author page

2 minute read

Article Contents

Quick Facts About Auto Insurance in Fredericton

  • Fredericton car insurance is MORE expensive than the New Brunswick average.
  • The average annual car insurance cost in Fredericton for a driver with comprehensive/collision coverage and a clean record is around $854.

Quote data from MyChoice.ca, November 2024

The Best Car Insurance Brokerages in Fredericton

Car insurance brokers help you choose the right auto insurance policy by answering your questions and comparing policy offers.

Here are several brokers in Fredericton that you can contact for extra assistance when seeking car insurance:

BrokerageAddressPhone Number
D.W. Olts & Son Ltd768 Brunswick St,
Fredericton, NB E3B 1H9, Canada
+15064588388
Kevin Burke Desjardins Insurance Agent635 Union St,
Fredericton, NB E3A 3N6, Canada
+15064553276
Billyard Insurance Group – Fredericton82 Westmorland St suite 405,
Fredericton, NB E3B 3L3, Canada
+15066507474
Low Insurance Ltd215 Main St Unit 2,
Fredericton, NB E3A 1E1, Canada
+15064725558

Most Expensive Postal Codes in Fredericton

On average, car insurance in Fredericton costs $854 However, there are areas like E3A (Fredericton North) and E3B (Fredericton South) with higher car insurance rates. Factors like traffic density and accident frequency may cause this.

Here’s a breakdown of the most expensive postal codes for auto insurance in Fredericton:

Postal CodeAverage Annual Car Insurance Premium
E3A, E3B$856

Quote data from MyChoice.ca, November 2024

Least Expensive Postal Codes in Fredericton

Among the three postal codes in the city, E3C (Fredericton Southwest) has the lowest insurance rate.

Here’s an overview of the cheapest areas for auto insurance in Fredericton:

Postal CodeAverage annual car insurance premium
E3C$852

Quote data from MyChoice.ca, November 2024

Driving in Fredericton

Planning to move to or visit Sault Ste. Marie? It helps to know more about driving in the area. Here are some key facts about driving in Sault Ste. Marie you should know:

  • Major highways in Fredericton: Trans-Canada Highway, 7, 8
  • Public transit options: Fredericton Transit (bus), Maritime Bus
  • Ridesharing services: Uride, Kari
  • Parking space providers: The City of Fredericton, private lots
  • Top tourist attractions: Beaverbrook Art Gallery, Odell Park, Boyce Farmers Market, New Brunswick Sports Hall of Fame, Old Government House
  • Busy intersections: Regent and Prospect, York and Kings College
  • Airports: Fredericton International Airport

Main Mode of Commuting in Fredericton

Knowing more about the commuting statistics in a city or town helps you get to work on time. Here’s a detailed look at the commuter data in Fredericton:

  • Average commute distance: The average Fredericton resident travels x km to their workplace or school. 
  • Commute duration: Commute times in Fredericton are mostly under half an hour. 55.2% of the city’s labour force spent under 15 minutes on the road, while another 35.2% spent between 15 and 29 minutes commuting.  
  • Main mode of commuting: Personal vehicles are the most popular mode of commuting in the city, with 85.2% of Fredericton workers driving their car, truck, or van. Most personal vehicle commuters drive, while a small portion of them are passengers.

Driving Conditions in Fredericton

Various weather and driving conditions like snow and rain can affect your auto insurance premiums. Here’s an overview of driving conditions in Fredericton: 

  • Average annual rainfall: 205 mm
  • Average annual snowfall: 221  mm
  • Rainy days per year: 103
  • Rainiest month in Fredericton: December
  • Driest months in Fredericton: April
  • Snow days per year: 103
  • Snowfall months in Fredericton: October-May

Traffic in Fredericton

As the third-largest city in New Brunswick and its capital, Fredericton is a big city, which means traffic can be denser than in smaller towns.

Here’s a quick look at the key traffic statistics in Fredericton:

  • Population: 63,116 people live within Fredericton’s city limits.
  • City area: Fredericton’s city area spans 133.93 km2.
  • Busiest highways: The Trans-Canada Highway passes through Fredericton’s southern municipal boundary.

The Most Common Questions About Car Insurance in Fredericton

How much does Fredericton car insurance cost?

Fredericton car insurance costs $828/year, slightly more than the New Brunswick provincial average of $763.

Does my Fredericton car insurance work in the US?

Most Canadian car insurance policies work in the US, but insurers may provide longer or shorter coverage periods. Check with your insurer before travelling by car to the US to ensure you’re protected.

Why should you compare car insurance rates in Fredericton?

You should compare car insurance rates in Fredericton because different insurers provide different coverage at different prices. Comparing rates help you choose which policy has the best value.

How can you get cheap car insurance in Fredericton?

Compare car insurance rates in Fredericton with MyChoice, or visit our main car insurance page to learn other ways of getting cheap car insurance quotes.

Methodology

Sample Size

We analyzed over 50,000 auto insurance quotes across Canada.

Profiles

Average rates were calculated using a standard profile and incident profiles. All personal details pertaining to the quotes and policies have been kept confidential.

Standard Profile

Single driver, one car, currently insured, and a pristine driving record. Our base profile is a 35-year-old individual (both male and female) with a spotless driving record.

Incident Profiles

We examined how rates change by evaluating profiles with a clean record (standard), one at-fault accident, a single speeding ticket, license suspension for alcohol related offenses and insurance cancellation due to non-payment.

Vehicle Details

These individuals own a 2018 Honda Civic, commute five days a week, and cover a distance of 15,000 kilometres annually.

Vehicle Models

Costs were also analyzed for different vehicles: Mazda CX-5, Ford Escape, Toyota Corolla, Honda Accord, Chevrolet Equinox, and the base 2018 Honda Civic.

Age and Homeownership

Profiles from age 18-65 (standard: 35 years) were considered. Depending on age, individuals might rent or own their homes. Age-related regulations may vary across provinces.

Team

MyChoice data science, MyChoice research.

Sources

1. Mychoice.ca Internal Data, Most Expensive Postal Codes, New Brunswick, Fredericton, Car Insurance Quotes Collected, 2024.

2. Mychoice.ca Internal Data, Least Expensive Postal Codes, Ontario, New Brunswick, Car Insurance Quotes Collected, 2024.

3. City of Fredericton Website, Driving & Transit Information. Data Collected, 2024.

4. Statistics Canada, 2021, Census of Population, New Brunswick, Fredericton, Main Mode of Commuting. Data Published March 29, 2024.

5. Weather Network Canada, Historical Averages, New Brunswick, Fredericton.

6. 511 New Brunswick Traveller Information, Ontario, Fredericton.

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