Vehicle Insurance

Vehicle insurance is compulsory in Canada. With car insurance should you be involved in an accident or have your vehicle damaged you can rest assured that you are covered. Aside from the car insurance that you are legally required to have you can get additional and specialist levels of cover for more protection and more peace of mind. To make sure you are getting the best price for your car insurance you should compare different policies and providers in the chart below. Take your time and compare the essential features of the car insurance policies listed, look at the costs and remember to always read the terms and conditions thoroughly. If you have any issues or queries regarding an insurance policy please contact the provider who should answer your questions.

As vehicle insurance is compulsory in Canada there are many insurers competing for your business. Make sure you find the right policy at the right price.

Do you need Vehicle Insurance?

In Canada, the law requires all licensed drivers to have insurance. Insurance exists to protect you against future losses. In exchange for this cover you will pay a premium for this insurance policy. The policy will define what losses are covered, and the coverage limits. You can get coverage for property, medical expenses and personal liability.

How much will the insurance cost?

The amount you will pay depends on a wide variety of factors which are assessed independently by different insurance companies. Insurers will assess your car including its make and model and what sort of safety features it has such as alarms and airbags. They will also look at the driver and how old they are, their gender and the number of claims you have made or accidents you have been involved in. These aspects will determine how much you will pay for the policy.

Getting the right insurance policy for you

When looking for insurance for your vehicle bear in mind that there are polices catered specifically for different situations. For example there are policies especially geared towards young drivers, women, over 70s and for those people who do not drive that often. You can also get insurance for specialist, vintage or classic cars.

How to find a great policy

You need to make sure have the right mix of coverage and price. To start with take the time to figure out what you want from your insurance, especially what you want included and not included on your policy, so you can get the right cover at the right price.

The best way to find the best vehicle insurance is to shop around. As vehicle insurance is a legal requirement in Canada there are lots of insures vying for your business. Make sure you take the time to compare different policies which you can do so in the table above.

Which vehicle insurance is right for you?

The right policy for you is dependent on your circumstance and type of vehicle. There are various vehicle insurance policies which are created especially for young or senior driver and for all types of vehicles. It is important to compare quotes from various different insurance providers so that you can find the perfect car insurance at the right price. What is suitable for your friends and family might not necessarily be suitable for you and your vehicle.

Where you live, your claims history, your age and experience will all impact your vehicle insurance premium so it is important to complete the application form properly to ensure that you get an accurate quote. It is also important that you make yourself aware of any excess payments which you might have to pay should you need to make a claim. Generally, the lower the car insurance, the higher the excess payments.