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In Canada, drivers are required to get auto insurance coverage. Otherwise, they could face a fine of up to $50,000 for non-compliance. After all, you have a responsibility to protect yourself, your passengers, and other motorists from injury and property damage.
You also have to deal with the complex process of selecting a car insurance policy that fits the level of protection you need as well as your budget. Here’s a guide to help you find an auto insurance policy that suits your needs.
- Consider the type and condition of your vehicle
Whether you are driving long distances or using your car for your daily commute in Quebec, the first thing you will need to do is to assess your vehicle. Specific types of insurance coverage fit certain types of vehicles and the conditions they are in. Newer models are more expensive to insure compared to vehicles that have been around for more than a decade. Luxury cars also require expensive coverage. Before you start looking for an insurance policy, make sure to check your car’s condition.
- Know what coverage you need in your location
Before anything else, you will need to consider the kind of protection you need in the long run. Depending on the province or territory you are living in, you may be required to purchase specific types of coverage. In Ottawa, you are required by law to get liability, direct compensation, accident benefit, and uninsured vehicle coverage. With this in mind, make sure to review local laws to see what coverage options are required.
- Look past the prices
Shopping around for the best auto insurance is not a matter of choosing what you can afford. Paying lower premiums does not necessarily mean that you have the best insurance policy. You need coverage you actually need. Prices should be a secondary factor, so focus more on the quality of the coverage you will be getting. If you want to lower your monthly premiums, you can always reduce your deductibles and opt-out of unnecessary add-ons.
- Request for quotes
Just like you would look for a good pair of shoes, you need to seek out local insurance companies offering the coverage you need. If you are looking for Toronto car insurance, chances are you will find several auto insurance providers selling the same products. To make sure you end up buying a policy from the best one, consider requesting and comparing quotes.
- Maintain a good driving record
Getting the best possible auto insurance policy involves maintaining an excellent driving record. This is crucial if you are driving for the first time. Insurance providers are more likely to offer more options at affordable rates if they know you are a responsible motorist. If you are in driving school right now, you might want to do well in both written and practical assessments. Your performance as well as your overall well-being will eventually help you get better rates.
Choosing an insurance policy for your vehicle is important not just a matter of compliance but also protection. Consider these tips and find the insurance coverage that’s right for you.
