As an auto driver in Canada you need to be aware of the insurance requirements to protect yours and fellow road users interests. Canada auto insurance is mandatory for all the auto drivers and driving without necessary insurance coverage may attract serious consequences.
Canada auto insurance can be broadly categorise into two parts, one is the mandatory liability coverage and the other is the optional coverage.
Liability insurance: All the drivers are required to carry at least the state specified amount of Canada auto insurance liability coverage.
The liability coverage would have two components; one is the bodily injury liability coverage and the other is property damage liability. The Canada auto insurance liability coverage is a third party coverage that is it would compensate the other party if you cause property damage of bodily injury (or death) to them.
Optional coverage: Collision and comprehensive coverage is required to cover your losses arising from an accident or car theft or fire. These coverage is often optional but it would keep the driver covered from financial looses on his vehicle.
Depending on the policies of local government the driver may also have to carry enough Canada auto insurance to cover his own medical expenses. You may need to confirm it’s requirement with your local government.
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