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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 in which providence or territory you
live.
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 policy holder.
This card given to all Canadian auto
insurance policy holders 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.
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 vehicle and
property damage is covered by private insurers.
The remaining places deal with private insurers
expect for Labrador and
Newfoundland
. Here, accidents 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.
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