Types of auto insurance
Car insurance is mandatory for driving in Canada. No matter what kind of vehicle you are insuring, there are different levels of coverage you can choose from:
- Coverages to protect you from costs to repair damage to your vehicle caused by an impact with another vehicle or an object (such as a guardrail).
- Coverages to protect you from costs to repair damage to your vehicle from unexpected situations such as fire, theft, vandalism or some natural disasters.
- Protection that covers you for both scenarios above.
- Specific coverage which protects your vehicle only against specific dangers, such as theft or attempted theft, some natural disasters, riots, etc.
Beyond that, whether you’re driving an automobile, motorcycle, RV or even off-road toys, your broker can provide you with options to consider for your ideal coverage.
Factors that may impact your auto insurance premium
Having your home and car insurance together
Combining your home and car insurance – You may be eligible for discounts if you purchase your home, condo or tenant insurance with your car insurance.
How much deductible you pay
The amount of your deductible – increasing your deductible can help reduce your premium.
The type of car you drive
We factor into your rate what it will cost to find the right replacement parts to repair your car and how likely it is to be stolen by thieves.
How long you have been licensed to drive
As you gain driving experience and become a better, safer driver, the risk you present can decrease.
