Who Offers More Choice?
Because private insurers compete for your business on the basis of price, coverage and service, they offer more coverage options. A public insurer provides the mandatory auto insurance set out by provincial regulations and other coverage. In provinces and territories where insurance is government run, choices are limited.
When you buy any type of insurance, evaluate as many options as possible. This is also a good practice to follow when you renew insurance because coverage is subject to change. A private insurance company, its agents or brokers can provide expert guidance on the best value and coverage to meet your needs. Learn more about how to buy insurance.
| By law, if you own and drive a car in the province, you must buy auto insurance from a private insurer.
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| While the law does not mandate it, banks or mortgage holders may insist that you purchase home insurance – and prove that you have it – before they’ll lend you money to buy a home.
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| Also called “commercial insurance,” business insurance is not mandatory in the province.
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