No matter where you are driving in Canada, the law requires that every driver has car insurance. This is mandatory in all provinces and territories. Your vehicle must be covered under an insurance policy with a minimum set coverage, If you are caught driving without it you can be fined, have your driver's license suspended, and even have your vehicle towed and impounded. Fines can range from $5000 to $50, 000.
If you are in an accident while driving without insurance, you could face a number of consequences that include:
• If another person is injured or there is a loss of life and you are at fault, you could be liable for all vehicle damages, medical costs, and other losses
• You will not be entitled to receive compensation for your own injuries and damage to your vehicle, as well as other losses such as income.
• You may be prohibited from filing a claim against another driver if they are at fault.
Auto Insurance Ratings
There are hundreds of car insurance companies spread out all over your town and they are spending billions of dollars online and off-line trying to get you to sign on the dotted line with them, but how can you know which one of these companies is the right one for you?
The first thing you would need to know is to check how long each one of these companies has been in business as this will give you some kind of idea on the stability of their company.
Another thing you can do is to go online and check to see if they have any complaints with the Better Business Bureau as this is the best way to check up on whether they are keeping their clients happy or ripping them off.
One of the most under-looked aspects of any car insurance company is what type of discounts will they give you for being a more safe driver. For instance, will they give you a discount for you never having gotten a minor seatbelt ticket? How are your grades in school if you are going to a community college or local high school?
The US Auto Insurance
The industry of auto insurance companies in the United States is one of the fields of businesses that always have some room for new comers. In our times, there has really been a lot of demand for this due to the fact that drivers need to be secured as they drive and that they will be prepared for some untoward incidents such as when an accident occurs to them. People are really more aware about thinking of ways for them to avoid problems in the future such as paying for all the expenses of their vehicle damage and their hospital bills if medical attention is necessary due to some injuries.
Because of these many established insurance providers have either added this auto insurance offer in their services while there are also some new companies that specialize in providing insurance for drivers and vehicles. As you go around trying to decide which service will be the one you should choose, you will definitely come across different fees and insurance policies.
