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Moncton Car Insurance

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

Updated on October 31, 2024

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

Updated October 31, 2024

Visit author page

2 minute read

Article Contents

Quick Facts About Auto Insurance in Moncton

  • Moncton car insurance is MORE expensive than the New Brunswick average.
  • The average annual car insurance cost in Moncton for a driver with comprehensive/collision coverage and a clean record is around $936.

Quote data from MyChoice.ca, November 2024

The Best Car Insurance Brokerages in Moncton

Car insurance brokers assist your search for the best policy by comparing insurers and answering questions. Here are several Moncton brokers that can assist you when looking for auto insurance:

BrokerageAddressPhone Number
Wilson Insurance77 Vaughan Harvey Blvd Suite 305,
Moncton, NB E1C 0K2, Canada
+15063838505
Westland Insurance279 Champlain St Unit 102,
Dieppe, NB E1A 1P2, Canada
+15068533385
Billyard Insurance Group – Moncton770 Main St Unit 1604,
Moncton, NB E1C 9Y3, Canada
+15063832441
BrokerLink1855 Mountain Rd Unit A-4,
Moncton, NB E1G 1A8, Canada
+15068578345

Most Expensive Postal Codes in Moncton

The average car insurance rate in Moncton is $936 but some areas like E1C (Moncton Central) and E1G (Moncton West) have higher rates due to various factors like traffic density and local crime rate.

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

Postal CodeAverage Annual Car Insurance Premium
E1C, E1G$956

Quote data from MyChoice.ca, November 2024

Least Expensive Postal Codes in Moncton

Fortunately, Moncton also has an area with lower car insurance rates, namely E1E (Moncton West).

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

Postal CodeAverage annual car insurance premium
E1E$912

Quote data from MyChoice.ca, November 2024

Driving in Moncton

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 Moncton: 2, 15, 16
  • Public transit options: Codiac Transpo (bus), Maritime Bus
  • Ridesharing services: Uride
  • Parking space providers: The City of Moncton, private lots
  • Top tourist attractions: Magnetic Hill Zoo, Centennial Park, Magnetic Hill Winery, Tidal Bore, Irishtown Nature Park
  • Busy intersections: Lewisville and Shediac, Main Street and Vaughan Harvey Boulevard
  • Airports: Greater Moncton Roméo LeBlanc International Airport

Main Mode of Commuting in Moncton

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 Moncton:

  • Average commute distance: The average Moncton resident travels x km to their workplace or school. 
  • Commute duration: Almost all commuters in Moncton spend under half an hour getting to work. 56.2% of the city’s commuters spend less than 15 minutes commuting, while 33.8% spend between 15 to 29 minutes. 
  • Main mode of commuting: Cars, trucks, and vans are the most popular modes of commuting in Moncton, with an 85.7% share of households. Pedestrians take a distant second-largest share with 7.5%, while public transit users come in third with a 3.5% share.

Driving Conditions in Moncton

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

  • Average annual rainfall: 110 mm
  • Average annual snowfall: 280 mm
  • Rainy days per year: 104
  • Rainiest month in Moncton: December
  • Driest months in Moncton: May
  • Snow days per year: 104
  • Snowfall months in Moncton: October-May

Traffic in Moncton

Moncton is the most populous city in New Brunswick. It’s also home to a strong and diverse economy, which attracts lots of people to work there. That means you may encounter a lot of traffic when driving in Moncton.

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

  • Population: 79,470 people live within Moncton’s city limits.
  • City area: Moncton’s city area spans 140.67 km2.
  • Busiest highways: Moncton sits on Route 2 of the Trans-Canada Highway, which connects it to Nova Scotia and Quebec.

The Most Common Questions About Car Insurance in Moncton

How much does Moncton car insurance cost?

Moncton car insurance costs $908/year, around $150 over New Brunswick’s provincial average.

Does my Moncton 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 Moncton?

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

How can you get cheaper auto insurance in Moncton?

Compare car insurance rates in Moncton 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, Moncton, Car Insurance Quotes Collected, 2024.

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

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

4. Statistics Canada, 2021, Census of Population, New Brunswick, Moncton, Main Mode of Commuting. Data Published March 29, 2023.

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

6. 511 New Brunswick Traveller Information, New Brunswick, Moncton.

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