Auto insurance basics

Even the best drivers can get into accidents. That’s why Canadian drivers are required by law to buy insurance for their vehicle. A robust insurance policy helps cover vehicle damages caused by a collision, fire, theft, or other hazard.

Liability coverage

On top of protecting drivers from legal liability damages, an auto insurance policy also covers medical costs that result from an accident. The minimum amount of liability insurance you’re required to carry varies from province to province, so remember to ask your provider how much coverage you need.

Insurance premiums

The type of vehicle you drive is one of the most important variables that affects your car insurance premiums. Its year, make, model, and safety features are all taken into consideration, but those aren’t the only details insurers care about. They also factor in the average cost of repairs and replacements for your car, and then they measure those costs against the likelihood of your car being crashed, stolen, or vandalized.

Who you are also plays a major role. Details like your age, driving record, driving experience, place of residence, and education all factor into the cost of your premium. For example, younger drivers tend to pay higher rates than older drivers do, just as male drivers usually pay more than female drivers do.

But regardless of your stage in life, your driving record, or the type of car you drive, we can help you find the right car insurance policy -- one with all the protection you need, at a price you can afford.