Do Canadians Really Need a Comprehensive Car Insurance?

Before you even go on a memorable trip riding your vehicle, you need comprehensive car insurance. In Canada, this is mandatory. When you don’t have this kind of insurance, you will be the one responsible for the damages in the case of an accident. According to the law, you will not just be cited, but you will also be fined.

Car insurance companies are always ready to sell this kind of insurance to you. However, before getting one, you must ensure that you need one. You need to consider the amount of coverage you need and the amount that your insurance can provide you with. In addition to that, you need to consider the discounts that you can avail of and the payment methods.

Car insurance tends to be affordable, but this does not mean that you should just grab the first offer that the insurance company will offer you. You need to at least compare the prices and the discounts of the different companies to make sure that you will be offered a good deal.

Before you can get comprehensive car insurance, you will need to ask yourself some questions. These questions are intended to help you know what you will need in the long run.

1. What Is the Insurance Policy That You Need?

Are you looking for third-party liability car insurance? This will provide you with the protection you need for you to utilize your insurance for accidents that you might get involved in. It will also cover for the person you hurt.

If you want more protection, you can also choose to get third-party property damage insurance. This type of insurance will cover the damages that your vehicle will experience as a result of a third party.

2. How Much Coverage Do You Need?

You will need to consider the value of your vehicle. What is the amount that you need to pay if your vehicle suffers damage? Make sure that you will be offered the right coverage.

The amount of money that you can pay when you are in an accident is also very important. You need to have a clear idea about this.

3. What Discounts Can I Avail?

There are different discounts that you can avail of when you get comprehensive car insurance. Some of these discounts include the following:

• Early and multiple payments discounts
• Loyalty discounts
• Accident forgiveness discounts
• Defensive driving discounts
• Student discounts
• Home and auto discounts
• Multi-vehicle discounts

What Are the Disadvantages of Not Having Comprehensive Car Insurance?

1. You Will Need to Pay More Cash for Your Vehicle Repairs

If you need to repair your vehicle, then you will need money. You are the one who will be responsible for paying for the repairs. You will need cash to pay for the expenses, and this can be a problem for you.

2. You Will Have to Deal with Your Own Insurance Company

If you don’t have your insurance, you have to deal with your own insurance company, something that is both time-consuming and costly.

3. You May Need the Help of a Lawyer in the Case of a Severe Accident

If you are involved in an accident, you may need the services of a lawyer. You need to take this into account because this will be an expense that you will have to pay, including their services.

These are the disadvantages of not having comprehensive car insurance. If you have this type of insurance, you will have something that will protect you and your vehicle.

Conclusion

In Canada, Comprehensive car insurance is mandatory. You have to have it; otherwise, you will be responsible for any accident you may be involved in. The good news is that car insurance companies are also ready to sell it to you. They will offer you different discounts depending on your needs. So, it definitely pays for you to have the right coverage that will offer you the protection you may require against costly accidents and other incidents on and off the road.

If you are looking for one of the best insurance companies in Taber, look no further than what we have to offer here at Saunders Insurance. Our staff of licensed professionals provide sound insurance solutions to anyone requiring general insurance. Call us today and let us discuss all your available insurance options.