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Protecting Your Car, Motorcycle or Other Vehicle
Whether you drive a car, a motorcycle or some type of recreational vehicle, you'll want coverage to help pay for the cost of repairing or replacing it if your vehicle is damaged during a collision or due to another covered risk. We can offer you several options based on your needs and budget:
Protection against collision and most other situations
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Although Collision and Comprehensive coverage are optional by law, if you plan to lease or finance a vehicle, the leasing company or lien holder may require that your auto insurance policy include both coverages.
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Unless your car or vehicle is very old and not worth more than a couple thousand dollars, or you can afford to repair or replace it out-of-pocket, we recommend including the following two coverages in your auto insurance policy:
- Collision coverage pays for the cost of repairing or replacing your vehicle up to the actual cash value if it hits another vehicle, the ground, or an object in or on the ground, such as a guard rail.
- Comprehensive coverage pays for the cost of repairing or replacing your vehicle up to the actual cash value if it is damaged by other unexpected situations such as falling or flying objects, vandalism, fire, theft or attempted theft, a natural disaster, or a riot or civil disturbance.
For most Canadians, Collision and Comprehensive coverage provide the right level of protection; however, there are other options, depending on your needs:
- All Perils coverage combines Collision and Comprehensive coverage. In addition, it insures your vehicle against loss or damage should it be stolen by someone living in your household or by someone you have hired to drive, service or repair your vehicle.
- Specified Perils coverage insures your vehicle against specific situations only (such as fire, theft or attempted theft, some natural disasters, and riots or civil disturbances).
Whichever coverage(s) you choose, you also have your choice of deductibles—the portion you would pay out-of-pocket if you needed to make a claim. One way you can save money on your auto insurance premium is by choosing the highest deductible you could afford to pay.
Mandatory insurance for Ontario and New Brunswick residents
Required by law in Ontario and New Brunswick (and included under civil liability coverage in Quebec), Direct Compensation coverage provides benefits to repair or replace your vehicle (or its contents) if you are involved in an accident with another vehicle in your home province and the other party is found to be completely or partially at fault and has insurance through a company licensed in your home province.
Under these conditions, you could submit a claim to obtain compensation directly from RBC Insurance® instead of the person at fault. Otherwise, you could make a claim on your Collision coverage instead, if you have this coverage.
Tip: We automatically quote policies with a $0 deductible for Direct Compensation coverage. However, you can call us to increase your deductible to $300 (and lower your premium).
All products and services are subject to the terms and conditions of the applicable insurance contract. In the event of any conflict, the terms and conditions of the insurance contract will govern.
All Licensed Insurance Advisors of RBC General Insurance Company are salaried employees.
Underwritten by RBC Insurance Company of Canada or RBC General Insurance Company.
Auto insurance is not available in British Columbia, Manitoba and Saskatchewan.
†The Online Discount is not available in all provinces, and where available varies by province, type of insurance, renewal term, and auto plan membership. Other exclusions and limitations also apply.
††This guarantee from RBC Insurance is based on the accuracy of the information given and it remaining unchanged. Information provided is subject to verification.
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