Guide to Full Coverage Car Insurance

Although the term "car insurance" is often used as an umbrella term by Canadian drivers, it isn't quite that simple. There are several different types of car insurance and optional forms of coverage that drivers can use to financially protect themselves and their vehicles.

If you're looking for the highest level of protection, you should consider getting full coverage for car insurance in Canada.

Having access to full coverage is a fantastic way to financially protect yourself, your passengers and your vehicle simultaneously. 

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Want to learn more about full coverage for car insurance in Canada? Be sure to continue reading.

What does full coverage car insurance mean and why is it important?

Full coverage insurance often refers to car insurance policies that feature a mixture of mandatory and optional forms of coverage. Some examples of the coverages included in full coverage auto insurance include:

• Third-party liability coverage
• Accident benefits coverage
• Collision coverage
• Comprehensive coverage

Being able to rely on a wider selection of coverages drastically increases the chances of being compensated if something happens to your vehicle on or off of the road.

Now let's look at the different types of car insurance full coverage policies offer.

*Before diving into the next section, please note that various car insurance companies have their own forms of full coverage auto insurance. Some auto insurance companies offer full coverage that features the standard components listed below, whereas other insurers offer full coverage with bonus or trademarked coverage products. Drivers should keep this in mind while comparing full coverage car insurance quotes.*

What is included in full coverage auto insurance in Canada?

Full coverage generally features various forms of both mandatory and optional coverages for drivers in Canada. Some examples of these coverages include:

Third-party liability coverage

Third-party liability coverage is a mandatory form of auto insurance in Canada. Drivers that are caught operating a vehicle without valid third-party automobile insurance can face severe consequences.

This type of auto insurance coverage financially covers expenses related to third-party injuries or property damage which you are deemed responsible for (or, as we say in the insurance industry, "at fault").

Accident benefits

Accident benefits coverage is another form of mandatory auto insurance in most parts of Canada, so chances are, you need to have this form of coverage if you intend to legally operate a vehicle.

This type of auto insurance coverage can cover drivers’ and passengers' medical expenses after being involved in an auto accident. Accident benefits can help cover your expenses, regardless of which party (you or the other driver) are at fault.

Comprehensive car insurance coverage

Comprehensive car insurance is an optional form of coverage that drivers can choose to include in their policy as an add-on. Even though comprehensive car insurance is optional, most insurance experts see it as an invaluable addition to practically any policy.

Comprehensive car insurance financially protects drivers from a wide array of events that happen off of the road. Some common examples of these events include:

• Fallen trees or tree limbs
• Fires
• Wind damage
• Theft
• Vandalism

In certain provinces, comprehensive car insurance even covers cracked windshields. With all of this in mind, it's clear that comprehensive car insurance is highly beneficial for drivers that value their vehicles.

Collision coverage

Collision coverage is another optional form of auto insurance that can be included in your full coverage policy. If your vehicle is damaged in a car crash, your collision coverage may compensate you for any repair or replacement expenses (up to the actual cash value of the model).

What is full coverage auto insurance for leased vehicles in Canada?

Full coverage auto insurance for a leased vehicle is essentially the same as full coverage for a vehicle that you've purchased. The primary difference is that your leasing company may require you to obtain full coverage (as a condition of the lease agreement). In contrast, full coverage is optional if you purchase your vehicle.

This is something that you should keep in mind if you are on the fence about leasing or purchasing your next vehicle.

Bonus tip — Want to learn more about getting auto insurance for a leased vehicle in Canada? Check out this blog post when you're done learning about full coverage.

Is full coverage worth it for drivers in Canada?

Yes! 

Although full coverage policies may be more expensive than some of the more basic car insurance policies that are available, the protection that they offer is well worth it.

How can policyholders get quotes for full coverage in Canada?

The quickest and easiest way to get car insurance quotes in Canada is by contacting an online insurance brokerage. 

Insurance brokerages are quite different from insurance companies. Insurance companies sell a variety of their own products, whereas insurance brokerages work with both policyholders and insurers as a third party. When you contact an insurance broker, they can leverage their working relationship with Canadian insurers to provide them with extremely competitive quotes.

Online insurance brokerages can also provide policyholders (like you) with all the information that they need about the various products and coverages that the top-rated car insurance companies in Canada have to offer.

If you're looking for a reputable online insurance brokerage that offers quotes in Canada, feel free to contact one of our talented team members at Surex.

Save as much as 25% when you bundle multiple policies with a Surex insurance provider

Whether you're looking for full coverage or any other form of auto insurance, our team at Surex is here to help. Our team of brokers is available online and over the phone, allowing you to compare insurance quotes on whichever platform you feel the most comfortable with.

When you compare insurance quotes with Surex, you get access to low-cost auto insurance quotes from some of the top-rated auto insurance companies in the country.

Feel free to contact your Surex insurance advisor if you want to learn more about the benefits of opting for full coverage for car insurance or have any other insurance-related questions.

While speaking with your insurance advisor, don't forget to ask how you can save up to 25% when you bundle multiple policies with one of our providers.