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Car Insurance Quote About

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Introduction to auto insurance quotes in Canada

Your automobile insurance is there to protect you against losses in the event of an accident, theft, vandalism, or some other incident that involves your vehicle and causes damage, liability or injury. Your policy 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 policy.

Auto insurance and the law

In Canada, it is law that you have vehicle insurance. It is valid anywhere in Canada and the United States and you should keep proof of your car insurance with you whenever you drive because you must produce it upon the request of a police officer. If you are found driving without valid 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 can often get options that go beyond the basics; you can personalize your policy to make certain that you've got the exact protection you require, without paying for extra insurance you may not need.

The law does not require that you get insurance to cover physical damages to your car. However, if you have a newer automobile you'll want to protect your investment and consider purchasing Collision and Comprehensive coverage. In some cases, if you are financing or leasing you may be required to have both.

What does auto insurance cover?

Your insurance generally provides property, liability and medical coverage:

Property coverage pays for damage or theft of your car.

Liability coverage pays for your legal responsibility to others for bodily injury or property damage.

Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

For more information on auto insurance, please visit the Financial Services Commission of Ontario website.

*49.56% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $695.63 (September 1 - October 31, 2012) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.