Get the right coverage tailored to your driving record!
How can I get cheap car insurance?
There are many ways to lower your auto insurance premiums, no matter where you live including:
- Shopping around online for your insurance policy
- Maintaining a good driving history
- Choosing the right insurance coverage
- Paying your premiums on time
- Bundling your home insurance with your auto insurance
- Using winter tires (some insurers offer discounts)
- Insuring all your vehicles with the same company
- Completing a certified driver training program
What factors help determine auto insurance rates in Canada?
Auto insurance rates across the country are determined by a variety of factors, including:
- Your experience behind the wheel
- Your driving record
- Use and location of your vehicle
- The type of vehicle you drive
- The amount of coverage you’ve selected
- Your age and gender
What types of coverage are available from Canadian insurers?
Getting the best auto insurance policy isn’t just about the lowest price – it’s also about finding the right coverage for your unique needs so you’ll have financial protection if you get into an accident.
Here’s an overview of the various categories of coverage available in Canada:
Liability Insurance – This insurance is required by law throughout Canada. It covers the costs associated with damages caused to another person or vehicle in an accident, including medical bills, rehabilitation, lost earnings, legal fees and other expenses up to the limit of your policy. As a practical matter, you’ll want enough insurance to cover a judgment against you in a major accident so that your personal assets won’t be put at risk.
Collision Insurance – This covers damage to your car in the event of a collision with another vehicle or object, as well as rollovers. If your car is totaled, collision insurance will pay the cost of replacing your vehicle.
Comprehensive Insurance – This type of auto insurance covers damages stemming from a variety of adverse events, such as extreme weather, vandalism, fire and theft.
Emergency Road Service (ERS) – Rapidly gaining popularity, ERS insurance provides roadside assistance in the event of a breakdown or mishap while you’re out driving. It also covers the cost of getting your car back on the road, including light mechanical labour, delivery of oil and gas to your vehicle, new batteries or a boost, tire changes, locksmith services and, in the event of a large mechanical failure, a tow to a nearby garage. ERS takes the stress out of a breakdown; rather than worrying about hitchhiking or getting greasy, policy holders can sit back and listen to the radio, smiling knowingly that help is on the way.
Uninsured Motorist Coverage – Provides financial coverage for costs related to injury or death if you’re in an accident caused by another driver who is either uninsured or unidentified, as in a hit and run. Damage to your vehicle is only covered if the driver is identified and uninsured.
Direct Compensation Property Damage (DCPD) – Available only in New Brunswick, Nova Scotia, Ontario and Quebec, this covers the cost of loss or damage to your car in an accident for which you were not entirely responsible. Keep in mind that the other driver has to be identified, insured and found to be at least partially at fault.
All-Perils Insurance – Provides protection for you against all types of perils except those specifically excluded from the policy.
Accidents Benefits Coverage – Provides medical care and income replacement benefits to insured persons injured in a car accident. In most provinces, this type of coverage is included in auto insurance policies by law.
No-fault Insurance – No-fault policies allow you to deal with your own insurance provider regardless of which party is at fault in an accident. You won’t have the hassle of pursuing the other driver’s insurer to receive compensation in the event they are at fault; instead, your insurance provider will pay out your benefits, getting you back on the road quicker and paying your medical bills when you need it most.