When you’re getting an Edmonton auto insurance quote, you’ll find that there are some types of insurance that you’re required to have, and others that are merely optional. To help you sort through the many insurance options available to the Alberta driver, it’s a good idea to seek a consultation from a licensed professional who is knowledgeable with regard to these matters. For now, here are the main types of coverage that you may want to consider when applying for your Edmonton auto insurance quote.
Liability coverage
Every driver throughout all Canadian provinces is required to have liability coverage. That’s why, when you’re getting your Edmonton auto insurance quote, you’ll probably find that liability coverage is selected by default. Requirements vary between provinces, but in Alberta every driver is required to have liability coverage amounting to $100,000 or more.
Included with liability coverage are bodily injury liability and property damage liability. With these types of coverage, if you get into an auto accident that is your fault, your insurance provider will pay for any charges relating to damage to your vehicle, damage to other vehicles, and any medical bills resulting from the accident. So, for instance, if you have $100,00 in coverage, your insurance provider will cover total charges of up to $100,000. Any bills in excess of this figure will have to be paid by the individuals involved in the collision.
When you’re getting your Edmonton auto insurance quote, it’s a good idea to at least consider getting more than what is recommended. While $100,000 may seem like a large figure, those bills resulting from an accident can add up very quickly. The more coverage you have, the safer you’ll be. Of course, higher coverage also means higher premiums.
Collision coverage
Collision coverage will pay for any damage to your vehicle in the event that you get into a relatively minor accident in which nobody is at fault and nobody gets injured. The maximum amount of liability coverage allowed is equal to the value of the individual’s car. If you are willing to take on a large chunk of the cost of such collisions, you should be able to pay a relatively low premium. For example, when filling out your Edmonton auto insurance quote, if you choose to pay $1,000 when the damages to your car are under $2,000, your monthly premium should stay pretty low.
Comprehensive coverage
Comprehensive coverage is designed to cover any damages that do not result from collisions. In other words, it covers damages that result from things like weather, theft, fire, or vandalism. Comprehensive coverage is not required, but it’s good to have if your vehicle is worth an amount of money that is significant to you.
As you’re applying for your Edmonton auto insurance quote, keep in mind that your comprehensive coverage premium will go up and down depending on how high of a deductible you’re willing to pay should something happen to your car.
Uninsured motorist coverage
Besides being law breakers, uninsured motorists cause all sorts of problems when they get into collisions that are their fault. Since liability coverage primarily covers situations in which the insurance-holder is at fault, getting into an accident involving an uninsured motorist can leave you out in the cold. Having uninsured motorist coverage prevents you from having to pay for damages resulting from these situations.
