Left Navigation Understanding Auto Insurance Required by law across Canada, auto insurance covers the owner/driver, passengers, pedestrians and property affected by a vehicle collision. Once behind the wheel, the possibility of something going very wrong is very real. As a driver, the life and property of your passengers, fellow drivers and pedestrians is in your hands. Whether you’re just learning, commute every weekday or enjoy Sunday drives in your classic car, it’s important to understand how auto insurance works. Auto Insurance In Your ProvinceBy law, insurance is required for motor vehicles intended to be operated. Know what insurance is necessary and what’s optional. Buying Auto InsuranceKnow how insurance premiums are calculated, where to turn for insurance if you are a higher-risk driver and what additional auto insurance coverage is available. Graduated LicensingTo become fully licensed, new drivers must pass all stages of the graduated licensing program. BrandingStolen, flooded or collision-damaged vehicles carry a permanent record – known as a brand – that’s linked to its vehicle identification number (VIN). Insurance CrimeTake the time to recognize and report insurance crime. File a police report, submit a tip or make an anonymous call to 1-877-IBC-TIPS (422-8477). The line operates 24 hours a day, seven days a week.TheftIs your vehicle among the top-10 stolen cars? Risk ManagementFrom driving while distracted to lending your car to a family member or friend, know and manage your liability risks. Crisis ManagementStay calm and write everything down. Never admit liability if you have been in a collision. Emergency PreparednessDisaster can strike at any time. An emergency kit in your vehicle can keep you comfortable and even save your life. Insurance 101Life comes with risk. A massive rainstorm can lead to your basement flooding. A car collision can happen at any moment. Your business might be damaged by vandalism. – Thankfully, insurance can give you peace of mind. Useful LinksHow to Buy InsuranceWhen driving a car, buying a home or establishing a business, insurance can give you peace of mind. Learn about the purchasing options available. How Insurance WorksInsurers use a pool of many premiums to pay for the home, auto and business losses of Canadians unfortunate enough to experience a loss. You are covered for losses outlined in your contract only, not for predictable events. How Premiums Are CalculatedWithin reasonable limits, some of which are prescribed by law, your auto, home and/or business insurance premium is calculated to reflect the probability that you will suffer a claimable loss. How To Make An Insurance ClaimTo make a claim after a collision, you must notify your insurer as soon as possible. Your insurer will assign an adjuster to work on your claim and evaluate the total damage.