Cheapest Auto Insurance in Surrey (2025): Who Really Has the Best Rates?

Affordable car insurance in Surrey is every driver’s dream. But with prices fluctuating up and down, everyone wants to know how to save money without compromising on coverage. However, not every driver knows if they’re getting the best value for their money when they don’t understand what they are paying for. Read on to learn more about what affects insurance prices, the options available, and what clients wonder about insurance in Surrey.

How Surrey Drivers Can Save Hundreds Without Sacrificing Coverage

Surrey drivers can save by comparing policies, keeping a good no-claims record, and taking advantage of discounts. These discounts lower premiums for safe driving, multi-car policies, or by taking bundles with house insurance policies. Another way Surrey drivers can save is by choosing a higher deductible, if that fits their budget. Paying less does not mean skipping good coverage. Drivers can typically save hundreds of dollars annually by shopping around without increasing their risk or lowering their coverage.

Is ICBC the only option for Surrey drivers?

Yes and no. ICBC is a monopoly for mandatory auto insurance in Surrey and throughout the province of British Columbia. What that means is that you must purchase your minimum coverage from ICBC. However, when it comes to optional add-ons like collision, comprehensive, or extended third-party liability, you do have options. Your local insurance broker is there to find and provide competitive rates on optional coverage. By keeping the minimum coverage with ICBC and comparison shopping on optional coverage, Surrey drivers can find better pricing than buying with ICBC alone.

Why is my Surrey rate higher than Vancouver?

It’s true that Surrey car insurance rates may sometimes be higher than Vancouver’s. Surrey is a large city with busy streets, resulting in a higher frequency of collisions. Additionally, drivers in Surrey tend to drive more than those in places like downtown Vancouver. Crash and theft rates in the neighbourhood also play a big role in premiums. When there are more claims in your neighbourhood, there are higher rates. Although this can be frustrating, there are also ways to offset these costs through discounts, safe driving practices, and comparison shopping to find the best optional coverage.

How can I insure my ride-share vehicle in Surrey?

As ride-sharing continues to grow in popularity, many Surrey drivers want to know how to properly insure their cars for work and play. ICBC provides specialized coverage for ride-share drivers, protecting you on the job with passengers and for everyday driving. This is not the same as standard personal insurance, so be sure to inform your provider that you drive for a ride-sharing corporation like Uber or Lyft. Individual insurers may also offer business use coverage. If you do use your car for work but don’t take out the right coverage, you could find yourself left uninsured in unexpected situations. This is why it is essential to verify that your policy covers both personal and ride-share use to ensure protection on and off the job.

What’s the penalty for driving uninsured in Surrey?

Driving without insurance in Surrey is a serious criminal offence. You can expect to be fined several hundred dollars for the offence, plus if you get into an accident or cause damage, you could be personally liable for all associated costs. In some cases, you may even have your car impounded and your licence revoked. It’s not only the law to be insured, but it could also protect you from ruinous financial repercussions.

By knowing your options, costs, and finding the right coverage, auto insurance in Surrey can feel a lot less overwhelming. At Prime Insurance, we help Surrey drivers find the option that saves them money and ensures peace of mind on the road.