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Car Insurance in Alberta & Ontario

Car insurance is mandatory but gives drivers protection from financial loss due to accidents, weather events, theft and more. Driving without adequate auto insurance can result in serious consequences, including losing your license and hefty fines, medical expenses and legal fees.

What Does Car Insurance Cover in Alberta and Ontario?

Auto insurance coverage differs in Canada depending on provincial regulations. All provinces require a driver to carry a basic amount of insurance and if the driver wants additional coverage for extra protection (e.g., collision insurance), this must be added to their policy. Most provinces have requirements wherein failing to carry the required amount will result in severe penalties, including fines, licence suspension and having your vehicle impounded.

The bottom line? It’s better to have the necessary insurance coverage for your vehicle so you’re not paying for accidents and other mishaps out-of-pocket.

A standard car insurance policy covers:

Third-Party Liability Insurance

Third-party liability insurance covers you in the event you’re found at-fault, or partially at-fault, for an incident and there is property damage or bodily injury. This insurance pays out a certain amount towards vehicle repairs, medical bills and legal defence costs, if you’re sued.

Accident Benefits Coverage

Accident benefits coverage offers medical expense coverage to any driver, passenger, pedestrian or other participant in an accident. It can include coverage for funeral expenses, rehabilitative care, physical therapy and other medical expenses not generally covered by provincial public health programs.

Direct Compensation for Property Damage (DCPD)

In an accident where you are deemed not at-fault, you would deal with your own insurer to receive compensation. The direct compensation part of DCPD coverage is the direct compensation that you’d receive for any property damage from your insurance provider.

Uninsured Automobile Coverage

Not everyone carries auto insurance, even though it’s illegal and costly to go without. An uninsured or underinsured motorist coverage policy insures you for any damages or injuries if you’re involved in an accident with an at-fault driver whose insurance is non-existent or insufficient. This often includes a hit-and-run accident.

Collision & Comprehensive Coverage

Both collision and comprehensive car insurance coverage are optional but can be beneficial in certain scenarios. For example, if you were involved in an at-fault accident with another vehicle or a stationary object (guardrail), this type of insurance would compensate you for the repair or replacement cost of your vehicle.

Why Choose Sharp Insurance?

Once you’re a Sharp Insurance client, you’ll have access to your insurance documents 24/7. Our online self-service portal and mobile app lets you view and print your pink card, submit a claim, view payment details and submit policy change requests at your own convenience. We know you’re busy. We give you the freedom to do your insurance whenever you want without waiting on hold for a broker.

There are advantages to choosing a tailored car insurance policy. If you’re shopping for a new insurance rate or want to add coverage to your vehicle, contact us today and we’ll find you an affordable rate and a policy suited to your needs.

Why choose Sharp Insurance?

Do you Need Car Insurance in Alberta and Ontario?

Car insurance is designed to offer monetary protection if you’re involved in an accident, your vehicle is stolen or vandalized or your vehicle has damage from a weather event (hail, flood, etc.).

Many car insurance policies will cover costs after an accident for vehicle damage, medical bills, funeral expenses and property damage. However, there are conditions that could void your insurance policy, including if you use your vehicle for illegal activities, if you were involved in multiple accidents, if your risk profile has changed or you make modifications to your vehicle.

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Sharp Insurance Offers a Quick and Simple Quote Process

You can always rely on our team of insurance experts to find you tailored coverage that fits your needs. We partner with the top insurance companies in Canada to provide you with excellent options at the best value.

Why work with a broker? Many insurance carriers won’t insure just anyone. Sharp Insurance brokers have many years of insurance experience and prioritize their clients when they need them the most. If you need to submit a claim, we’ll act on your behalf and advocate to get you your settlement as fast as possible, so you can go back to life after an accident or other insured loss.

A quote from Sharp Insurance is always fast and free, so why wait? Click the quote button below or, if you’d rather speak to a human right away, give us a call and we’d be happy to get you started on your insurance policy details.

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Car Insurance in Alberta & Ontario: FAQs

While you may not want to spend money on a car insurance policy, going without standard auto insurance could have serious financial consequences, including fines and more.  

Auto insurance isn’t as devilishly complex as it might seem at a first glance. When a Sharp Insurance broker works with you, they make sure you are aware of the fine details of a policy document, so you’re not surprised when you have an insured loss and must submit a claim.  

While a personal auto insurance policy and a policy for commercial use may have similar coverage options, using your personal vehicle for business purposes is a violation of your agreement with your insurer. All business activity must first be disclosed to your insurer, and you may need to acquire separate commercial insurance to be covered for commercial driving, such as deliveries or transporting clients.

The cost of car insurance is reflective of your risk profile, with the monthly or annual rate impacted by various factors, including age, gender, the car you drive, how far you drive, your driving record, insurance history and more. For many people with a less appealing risk profile, insurance rates may be quite expensive. If you fall into a higher risk category, you may be paying more for your auto insurance. Connect with one of our car insurance brokers for advice on how to keep your premium low but still get extensive coverage.

It depends on the severity of the accident. Your insurance rate may not return to its pre-accident/infraction levels for up to a maximum of six years. Commonly, insurance rates are affected by violations, misdemeanours and accidents, and will impact your driving record between 3–6 years. The more severe the accident or conviction, the longer your driving record and your premium will be affected.