Car Insurance

Nowadays, it’s easier than ever to go online and quickly purchase car insurance with or without a broker. However, going through a broker gets you something you can’t buy anywhere else — that is peace of mind. Solutions Insurance has brokers who will take the time to get to know you and help you find affordable car insurance that suits your lifestyle.

Solutions Insurance compares rates from a wide range of providers, ensuring you get the best deals available.

What is Car Insurance?

Car insurance is a contractual agreement between you and an insurance company about your vehicle. You agree to pay a regular fee (called a premium), and in return, they promise to help cover the costs if your car gets damaged in an accident or from other causes, including but not limited to theft or vandalism.

Car insurance can cover things like:

• Costs to repair damage or replace your car or someone else’s car

• Expenses and legal fees due to third-party property damage or injuries caused by an accident

• Medical expenses or even funeral costs related to injuries from an accident

What’s covered specifically depends on the rules in your province and any coverage options you might choose to add to your policy.

Is car insurance mandatory?

Yes. Car insurance is a mandatory requirement for all drivers throughout Canada. However, what coverage you need varies depending on where in Canada you live.

Standard mandatory coverage across Canada includes accident benefits coverage and third-party liability coverage, though the amount of coverage you need in liability again varies by province. The most common required amount is $200,000 in liability, but Quebec only requires $50,000, and Nova Scotia requires $500,000.

Many provinces also require drivers to carry uninsured motorist coverage. If you live in a no-fault insurance province like Ontario or Nova Scotia, you may be required to carry direct compensation-property damage coverage.

Types of auto insurance coverage

Insurance brokers will help you determine the right coverage for you and your needs. There are many types of auto insurance coverage available. Depending on where you live, certain types of insurance coverage are required by law, and others are optional. Before purchasing insurance coverage, you should find out what kind of car insurance coverage is required where you live. You can find out if you have the right insurance coverage in your province by speaking with a broker who understands the laws in your home province. Let’s learn more about each one to help you find the best coverage available:

Mandatory

• Third party liability insurance coverage

• Accident benefits coverage

• Uninsured automobile coverage

• Direct compensation – property damage coverage

Optional

• Collision insurance coverage

• Comprehensive coverage

• Accident forgiveness coverage

• Waiver of depreciation

• Loss of use coverage

Mandatory

Third party liability insurance coverage

Liability insurance, also known as third-party liability coverage, helps pay for accidental injuries and property damage that occur in a car accident. It might also cover medical expenses or lost wages, as well as legal defense and court fees if necessary. This mandatory coverage is required across Canada, with its minimum amount varying depending on your province.

Example: If you’re at fault in an accident that injures another driver and damages their vehicle, your liability coverage can help. It can cover their medical expenses, such as treatment for a knee injury, and the cost of car repairs, up to the limits of your policy.