Left Navigation Understanding Auto Insurance Auto insurance is required by law across Canada. It covers the owner/driver, passengers, pedestrians and property involved in a vehicle collision. Driving a vehicle is a basic necessity for many Canadians. But once you are behind the wheel, the chance of something going wrong is very real. As a driver, the lives and property of your passengers, fellow drivers and pedestrians are 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, who to buy it from, 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 province’s licensing program. BrandingBuyers beware. Stolen and flood- or collision-damaged vehicles carry a permanent record – known as a brand – that is linked to their vehicle identification number. 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 InsuranceYou can buy coverage from a broker, an agent or directly from an insurance company.How Insurance WorksInsurers pool many premiums to pay for the losses of a few insured Canadians. Understand how it all works.How Premiums are CalculatedInsurance premiums reflect the likelihood that you will make a claim. Discover key factors that insurers consider. How to Make an Auto Insurance Claim Contact your insurer to report the incident as soon as possible after a collision. An insurance adjuster will evaluate total damages.