These are the top 10 cheapest cars to insure in Canada in 2021

Did you know how the vehicle you choose to drive can affect your insurance rates? 

 

Critical illness insurance or a beefy emergency fund — which is better?

Critical illness insurance or a beefy emergency fund — which is better?

Emergency funds give you flexibility, but critical illness insurance presents immediate coverage. Here are the pros and cons of each to help you decide which option suits your needs better.

It can be uncomfortable to think about a time when we might face a critical illness, but for the tens of thousands of Canadians who suffer debilitating illnesses like strokes, cancer, and heart disease, critical illness insurance can be an invaluable support. 

Facing a critical illness can be one of the most difficult challenges in your life. Aside from the obvious physical and emotional toll, the potentially damaging financial implications can be particularly devastating. 

About the author

Caitlin McCormack

Caitlin McCormack is a writer based in Toronto. Her work has appeared in MSN, Food Network, HuffPost, What to Expect, Today's Parent, and Mashable, among others. When she isn't writing, she's busy chasing after her two sons, testing out new recipes, and working on her century-old fixer-upper.

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Critical illness insurance or a beefy emergency fund — which is better?

Emergency funds give you flexibility, but critical illness insurance presents immediate coverage. Here are the pros and cons of each.

12 auto insurance discounts you should know about

Winter tires. Telematics. Bundling. There are lots of ways you can save on your auto insurance.

12 home insurance discounts that can help you save money

Everything from paying an annual lump sum to bundling to paying off your mortgage.

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Frequently asked questions about collision car insurance coverage in Canada.

Is collision insurance required in Canada?

In most of Canada, collision, unlike liability or accident benefits, is not a mandatory coverage.

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*Shoppers in Canada who obtained an auto insurance quote on LowestRates.ca from January to December 2023 saved an average  of 23%. The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca.

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Rental auto insurance covers drivers for any damage to a rental car as well as theft and bodily injury.

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