![]() Accident Benefits are paid regardless of who was at fault in an accident. In some provinces, you may be entitled to additional benefits if you are someone's caregiver. This covers medical expenses not covered by a provincial health plan, plus loss of income as the result of an auto accident. You are responsible for amounts above that limit. If you are in a car accident and are held legally liable for other people’s injuries, or for damage to another person’s vehicle or property, your insurance company will pay up to the total amount listed on your policy. Make sure you check the following when you compare auto insurance quotes: Add-ons – A small additional cost will be included in your premium for the add-ons you pick.While insurance plans vary by province, these are the most common types of insurance you must have before you can use your vehicle.Claim history – If you have made no car insurance claims in the past year, you stand to gain a No Claim Bonus on your premium.Thus, your premium may vary depending on your location. Location - Since urban areas have denser traffic, there’s a greater probability of accidental damages.Year of manufacture – Certain new cars may be costly to cover since their spare parts may not be available yet.As a result, they are also less expensive to insure. Fuel type - Repairing petrol-fuelled cars is cheaper than those that run on diesel and CNG.Make and model - Higher-end models are insured at a higher price, simply because the cost of repairs/replacement for such vehicle is higher. ![]() The higher your car’s market value, the higher your IDV and premium will be. IDV – IDV is the maximum amount you can claim under your policy.Factors that affect these three components and your final car insurance price, include: ![]()
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