Car insurance

Car Insurance in New Brunswick — Compare Rates by City 2026

New Brunswick has some of the lowest car insurance rates in Canada — averaging $1,014 per year. But rates vary significantly by city, driving profile, and coverage choices. Find your city, compare your profile, and learn how to pay less.

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By Hari — Solufin.ca June 2026 Read: 6 min
Editorial note: Solufin is an independent guide website. This content is for informational purposes only.
$1,014Average annual premium in NB — 3rd cheapest province in Canada (IBC 2026)
$200KMinimum third-party liability required by law in New Brunswick
July 2026Major reform — accident benefits become optional in NB

Car Insurance by City in New Brunswick

Where you live in NB is one of the biggest factors in your premium. Moncton drivers typically pay the most — urban density and higher claim rates push premiums up. Rural areas like Edmundston pay significantly less.

Largest City

Car Insurance in Moncton

Highest rates in NB due to urban density. How to reduce your premium in the Greater Moncton area.

~$1,200 – $1,600/year
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Capital City

Car Insurance in Fredericton

Government workers, university area. Moderate rates with good discount opportunities.

~$1,000 – $1,400/year
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Port City

Car Insurance in Saint John

Urban crime rates and density affect premiums. Tips for Saint John drivers.

~$1,100 – $1,500/year
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Rural NB

Car Insurance in Edmundston

Among the lowest rates in NB. Rural driving profile, low accident density.

~$800 – $1,100/year
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Car Insurance by Driver Profile

Young Drivers — NB

First Chance Discount, graduated licence, how parents can help reduce costs.

~$2,200 – $4,500/year

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Newcomers to NB

Foreign licence recognition, international driving experience, best options on arrival.

~$1,800 – $3,500/year

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After an Accident

Surcharge rules, your rights, how long an at-fault accident affects your rate.

+20 to 40% surcharge

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Cancelling Your Policy

How to cancel without penalty, the right timing, what to watch out for.

Penalties vary by insurer

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Mandatory Coverage in New Brunswick 2026

CoverageWhat it coversRequired
Third-party liabilityInjuries or damage you cause to othersMandatory — $200K min
DCPD (Direct Compensation)Your vehicle damage in a not-at-fault accidentMandatory
Accident Benefits (Section B)Medical and income replacement if you’re injuredMandatory until July 2026
Uninsured AutomobileProtection if hit by uninsured driverMandatory

Sources: NBIB · FCNB

July 2026 reform: Many accident benefits (Section B) become optional in NB starting July 1, 2026. Insurers will offer lower-cost policies that exclude these benefits. We strongly recommend keeping accident benefits — the premium savings rarely justify the financial exposure if you’re injured. See our complete NB guide for the full breakdown.

Atlantic Canada — Compare Provinces

ProvinceAverage annual premiumPublic or private
New Brunswick$1,014 – $1,132Private
Nova Scotia$1,200 – $1,400Private
PEI$900 – $1,000Private
Newfoundland & Labrador$1,400 – $1,800Private

→ Full Atlantic Canada comparison guide

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All Car Insurance Guides — New Brunswick

In French

Official Resources

Note: This guide is for informational purposes only. Rates vary by profile and insurer. Licensed by the FCNB.

Sources: ThinkInsure · Ratehub.ca · NBIB · IBC
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