It's a given—you need auto insurance before you can drive any type of motor vehicle. And making sure you have the right level of coverage in place is important. That's because auto insurance protects against more than the cost of repairing or replacing your vehicle—it also protects your financial security.
Protect your financial security against liability claims.
Every auto insurance policy includes protection against third-party liability—and for good reason.
Third-party liability insurance covers you if your vehicle injures someone else or damages their property and you are held legally liable. While every province requires a minimum amount of liability coverage, this amount is unlikely to be enough if the courts order you to pay a substantial amount of money in damages. To help avoid this potentially devastating effect on your finances, it's a good idea to purchase more than the required minimum.
Protect your vehicle against damage or theft.
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. Here are the options* you can choose from based on your needs and budget:
- Collision provides coverage in case your vehicle hits another vehicle or object.
- Comprehensive provides coverage for your vehicle against damage caused by unexpected situations including falling or flying objects, vandalism and the specified perils listed below (but not collision).
- All Perils combines both Collision and Comprehensive coverage.
- Specified Perils protects your vehicle against specific situations including fire, theft/attempted theft, some natural disasters, riots or civil disturbances.
Ready to learn more?
Visit our Auto Insurance site for additional details on your coverage options and to explore the benefits of choosing RBC Insurance®.
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