Getting car insurance in Canada is in fact required by law. It is illegal to drive without having it. Read on for advice on how to find the right insurance for a good price.
The first thing to do is to ask your previous insurance company to send you a letter of experience. Make certain you hold the original copy. Some Canadian insurance companies will assess your insurance experience and then give you a quote. Naturally, your rates will be lower if you have more experience. Some insurers will accept your letter of experience if you are a new immigrant. At the same time, they are not required by law to recognize letters issued by foreign insurers.
This one should be obvious, but you need to present a Canadian driver’s license. The majority of Canadian insurers will not be willing to offer car insurance to persons with international licenses. New immigrants to Canada should get a Canadian driver’s license before shopping for insurance. The driving conditions are similar in Canada and the United States; so, many insurance companies will recognize your letter of experience and will give you credit if you have a clean driving record in the US.
It is government agencies that offer car insurances in British Columbia, Saskatchewan, and Manitoba. You are responsible for purchasing insurance yourself in other territories and provinces. There is a long list of agencies you can check. Keep in mind that each agency sets its own rates, and you need to shop around for low rate offers. The best thing to do is to compare quotes. This can be done online with the help of different quote comparison services.
When asking for a quote, you will have to respond to a number of questions. First, you have to provide your name and full address. You have to specify the number of accidents and claims you have made during the last 3 years. The insurer will be interested if you have previous convictions and whether you have driving experience of five or more years. You have to let them know if you have been found by court to have committed an insurance fraud. The insurance company will want to know whether you will drive a leased or rented vehicle and whether you will use the car to carry goods or passengers for hire or compensation. They will also ask whether you have been refused insurance or your insurance policy has been cancelled over the past three years. If your driver’s license has been cancelled or suspended in the past five years, you need to inform them of that. You have to give information about the vehicle’s make, model, mileage, year, as well as its approximate value. In addition, you have to inform them of your driver’s license class, employment status, and occupational status. Make sure you give correct information as the insurer can easily check its accuracy.
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