Left Navigation Fixing the problem What can be done to fix the problem? Review the auto insurance system – it's been 13 years since the last one. Establish a process to continuously review it to make sure it works well. Address the cost of providing auto insurance. In NL, auto insurance has become too expensive for consumers to buy and for insurance companies to provide. Finding the root cause of the increase in claims and solving it is the only way to control costs for drivers. Make it easier and less costly for insurance companies to do business in the province. Opening the door for other insurance companies to enter the market will better serve the needs of NL drivers. At the moment, there are more barriers to entry in NL for auto insurance companies than anywhere else in Canada. That contributes toward less competition which means less choice for consumers. What can I do?Speak out. Contact your member of the House of Assembly, Superintendent of Insurance, General Insurance Ombudsman and Public Utilities Board to request that auto insurance reforms be made a priority.Tell us your auto insurance story at NLAuto@ibc.ca.Newfoundlanders and Labradorians are known for their resilience. But in these challenging economic times, they deserve better. Together with our members, Insurance Bureau of Canada is committed to doing its part to provide you with stable and affordable auto insurance. All About Auto InsuranceRegardless of where you live in Canada, auto insurance is required by law. You are not authorized to drive without it. Related ServicesHow Car Insurance Premiums are CalculatedThe make, model and year of your car, the records of people who are insured to drive it and where you live are all considered by insurers when setting rates. You can lower your premium by making informed decisions.Types of Auto Insurance CoverageCollision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the country. Useful LinksInsurance BasicsWithout insurance, driving a car, buying a home or starting a business would be an unaffordable risk.Insurance-Buying TipsInsurance is a significant investment. Before you purchase coverage, getting answers to key questions can help you make informed decisions. Crisis ManagementIf you find yourself in a crisis situation, never admit liability. Facility AssociationFacility Association’s mission is to administer the automobile insurance residual markets, enhance market stability, and guarantee the availability of automobile insurance to those eligible to obtain it.