Compare and purchase
Canada's best insurance.
Compare and
purchase Canada's
best insurance.
Did you know that car insurance payouts have been on the rise in recent years? It’s true — in 2019, car insurance companies in Canada covered approximately $18 billion worth of vehicle damage. This is a drastic difference from the past. For instance, in 1990, car insurance providers only covered $6 billion in damages.
On the other hand, are you aware that car insurance prices range from province to province? For instance, the average in some provinces is as high as $1680, while in others, it’s as low as $640!
Car insurance in Canada - What You Need to Know
There are three types of car insurance available in Canada. They are:
Collision car insurance:
If you collide with another vehicle or stationary object, you’ll receive financial compensation to cover the cost of the vehicle repair.
Comprehensive car insurance:
You never know what’s waiting around the next turn or bend in the road. Comprehensive car insurance provides peace of mind for those moments. Comprehensive car insurance cover incidents such as:
- Hitting an animal
- Fire or smoke damage
- Theft and vandalism
- Flood damage
Liability:
Liability car insurance is required, by law, for all drivers in Canada. Liability insurance protects others from damages you cause while driving a vehicle. This covers a variety of losses including property damage, bodily injury and death. The price is based on your personal driving habits, so all of the vehicles you drive will have the same liability insurance rate. This is the cheapest auto insurance available in Canada, which means it has the lowest coverage.
Contact the Surex team to get your personalized offer today.
An insurance premium is an amount one pays per month (or agreed upon term) for an auto insurance policy on their vehicle in Canada. An insurance deductible is the amount of money the insured party is required to pay - out of pocket - before their insurance company will step in and cover damages.
The amount on your policy can vary. A higher deductible usually means a lower premium (per month cost for your car insurance policy). It is essential to make sure you can reasonably afford your auto insurance deductible. In the case of an accident, if you cannot pay your deductible, your insurance company will not be able to help with your overall costs.
The Surex team offers a comprehensive list of discounts to get you cheap auto insurance in Canada.
Some of these discounts include:
- Bundle discount
- Group discount
- Credit discount
- Experienced driver discount
- Short commute discount
- Mature citizen discount
- Hybrid vehicle discount
- Anti-theft discount
- Loyalty discount
- Renewal discount
- Claims-free discount
- New business discount
- Flex discount
- Student discount
- Occupation discount
- Multi-vehicle discount