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Auto Insurance Quotes in Canada
Your auto insurance is there to protect you against
monetary loss if you are in an accident. Your auto
insurance is, essentially, a contract
between you and your insurance company. You pay a
premium, and in return, the insurer agrees to pay for
any losses as they are defined in your car insurance
policy.
Auto insurance and the law
In Canada, it is the law to have auto insurance. Your
car insurance is valid anywhere in Canada and the United
States. It’s a good idea to have available your proof of
car insurance with you whenever you drive because you
must produce it if a police officer requests. If you are
found driving without valid auto insurance, you can have
your driver’s licence suspended and your vehicle
impounded.In Canada, each province and territory
establishes their own required minimum insurance
coverage. However, you often can get options that go
beyond the basics. One of the nice things about
insurance is that you can customize your policy to make
sure that you’ve got the specific protection you
require, without paying for extra insurance you may not
need.
The law does not require that you buy car insurance to
cover damages to your automobile. If you have a newer
automobile, however, you’ll want to protect your
investment and consider purchasing Collision and
Comprehensive coverage.
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