Canadian Auto Insurance – How it Differs Across the Country

Canadian Auto Insurance – How it Differs Across the Country

There are many countries in which car insurance is required by law. Canada is one of those places. There are a few differences between Canadian auto insurance and its neighbor to the south. Although all Canadian citizens are required to have insurance. The specifics of the law vary depending on which providence or territory you live in.

By understanding the rules of this insurance, you are bettering yourself against the chances of being caught on the wrong side of the law in Canada. The one thing that is the same regardless of where you live is the card you will carry when you become a policyholder.

This card given to all Canadian auto insurance policyholders is called a Canadian Inter-Province Motor Vehicle Liability Card. For a shorter reference, it also is called a pink card. Just like in the United States, you will have to keep this with you at all times when you are driving.

If you are traveling around Canada, this card will serve as proof that you have auto insurance and it will be honored. In addition. You also should not keep it in your vehicle just in case it gets stolen because you will not have proof of insurance.

Canadian auto insurance

The area in which Canadian auto insurance starts to differ throughout the country is the places in which you obtain insurance. In British Columbia, Saskatchewan, and Manitoba, the government serves as your insurance provider. You are required to get basic insurance. And then you either can buy additional coverage from the government or from a private insurer.

It is different in Quebec, where injury claims are covered by the government, but the vehicle and property damage is covered by private insurers. The remaining places deal with private insurers except for Labrador and Newfoundland. Here, accident benefits coverage is not required.

If you live in Canada or are moving there, it is important to read up on Canadian auto insurance because. As a whole, it varies greatly throughout the country. There really is no countrywide law except that insurance is required. If you live in a place where the government provides the insurance. You might want to consider purchasing additional coverage because you only will get the bare minimum.

This is a great way to protect yourself if anything happens to you or your vehicle. Possibly the most important thing to remember is to keep your pink card with you at all times.

We hope this page has given you some good introductory information on Canadian auto insurance.