Asking this question may seem silly to some, but this question comes up a lot with vehicle owners. Throughout Canada, each province has different rules, however, when it comes to car insurance in Alberta, there are some specific things you should know about ensuring you have insurance

  1. It’s the law.

Car insurance is mandatory in the province of Alberta. There is a minimum amount of insurance required by law to purchase if you are driving a vehicle.  Insurance is mandated by the government in order to protect all drivers on the road. Just like rules, laws are in place for a good reason.

Could you imagine if you were to cause a car accident with substantial damage to other vehicles and passengers’. Now let’s pretend this individual didn’t have any or enough car insurance to cover the cost of damages.  This person would be personally responsible by law to cover the costs associated with damage to vehicles, as well as cover any expenses associated with personal injury and medical expenses to the other parties involved in the accident.

  1. Additional Coverages

Car insurance is not just about getting into car accidents. Additional coverages over and above the basic amount of car insurance in Alberta cover disasters and situations not pertaining to just vehicle accidents. Would you be able to afford to cover the loss if your vehicle was stolen, vandalized or caught on fire? These are just a few of the common scenarios that may come arise – this could have a significant impact on your life if you are not covered.

As mentioned above, it’s the law to have the minimum amount of insurance. If you do not have insurance, you can expect to pay some hefty fines for breaking the law if you get pulled over by the police. There are several tickets you could receive for breaking the law such as failure to be insured, a suspended license, suspended registration to name a few.

  1. Be Ethical

Like all things, being morally responsible is important. Ensuring you have protection for yourself and others will provide added piece of mind. Car insurance is one of those things in life that is tangible and can be expensive.  It’s a good thing to have protection from any financial disaster.

These are just a few of the reasons to have car insurance in Alberta, although they do warrant enough reasoning to make sure you have properly insured yourself. If you are unclear about what type of insurance you need, we recommend you speak to an insurance broker to get all the facts. Feel free to contact us today.