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A New Owner’s Guide: Finding Auto Insurance in Canada

Updated: a day ago


Owning a car is a dream of many. With a car, your life can instantly become more convenient and comfortable, especially if you need to travel for work. However, if you plan to get a car soon, you should know that liability insurance is required in the country.

In most parts of Canada, your auto insurance should be at least $200,000; in Quebec, you can have as low as $50,000. Driving without insurance might cause you to suffer fines, or even lose your license and car.

However, when it comes to auto insurance, you might have so many options to choose from. This article will talk about your options when selecting suitable coverage.

Types of Auto Insurance Coverage

1) Liability Coverage

This coverage can keep you safe from paying property damage and bodily injuries should an accident occur in which you are at fault. If you are interested in this coverage, you should report your region of residence correctly since the minimum amount for this coverage varies depending on the province. When the cost of the actual incident is more than what your insurance covers, you will need to settle the balance yourself.

This insurance coverage could also be expanded into other types of protection, such as collision protection and theft protection. Find an insurance provider that can give you coverage that meets your priorities and needs.

2) Collision Insurance

Separate from liability protection is collision insurance. This coverage, if the terms are met, can repair or replace your vehicle if you get caught in a car accident, no matter who is at fault.

However, insurance coverage might require you to pay the deductibles first before your provider disburses any money. It would be best to confirm with your insurance provider and understand the terms.

3) Comprehensive Coverage

The most popular type of auto insurance in Canada and the most versatile in terms of inclusions is comprehensive coverage. This insurance covers the replacement or repair of your car due to damage and loss. It could cover vandalism, theft, flood damage, and even windshield damage.

This type of coverage is the most useful because it can be tailored depending on a person’s needs and priorities—unlike the liability and collision coverages, which usually only adjust based on the scope and total premium cost.

How to Find the Best Coverage Type

Because of the many options available and the many insurance companies providing different kinds of coverage, it can be hard to decide on a policy. To help you out, here are some tips to consider:

  1. Identify how much you can spend on insurance. That can give you an idea of what type of coverage you can afford.

  2. Check if you have a good driving record. Some insurance companies provide discounts for good drivers.

  3. Before deciding what to get, try getting as many quotes as you can from different insurance companies. Aside from having many options to choose from, you can also compare and contrast their inclusions and costs.

  4. If you already have existing insurance, like home, health, or life insurance, check if your provider also offers auto insurance. They might provide you with a considerable discount should you sign up for another policy.

Conclusion

Car insurance is a must for vehicle owners in Canada. Before you settle on one, make sure that you study all your options carefully. Learn the difference between the types of coverage and find the best provider to give you the service you need.

If you are looking for more free car insurance quotes in Edmonton, contact us, and we would gladly help you find the best ones. Direct-Line Insurance represents many leading insurance companies for all types, including auto, home, and commercial. We are here to help you find auto insurance that’s right for your type of vehicle, budget, and driving experience. Contact us at (587) 410-7455 to learn more about it.

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