Auto insurance also called as motor insurance protects your cars, trucks and all other vehicles by providing coverage over losses that have occurred because of an accident or any other reasons. It is always better to cover your automobile because anything can happen unexpectedly and without a warning. With the protection, risk of loss is transferred over to the insurance company which covers the damages by paying for the repairs. There are many types of insurance like home, travel, health, life, property, liability and many others. It is an agreement between you and the insurance company to pay for the loss or damages incurred upon you and this only after you pay the premium depending on the policy. Auto insurance not only covers the damage to the car but also provides coverage to liability, property and medical.
Before deciding upon purchasing the auto insurance, it is advisable to make a note of few points
The vehicle you are having – size, capacity, model
The amount of money you are ready to spend on the insurance
Different companies offer different policies at different prices and you get the maximum coverage when the premium you pay is high and vice versa. In Canada, it is mandatory to have auto insurance with the minimum being the accidents benefit coverage and the other benefits are optional and the insurance laws vary from province to province.
