How automobile insurance works
Insurance companies charge you a yearly fee for insuring your liability on a car.
1-WAY INSURANCE: This means that if you get into an accident, they will fix the other person’s car.
2-WAY INSURANCE: You can also choose to extend your coverage and insure your own car in the case of an accident.
The yearly rates you are charged depend on many criteria such as the car, driving experience, driving lessons, driving record, age, city and many other factors!
To make thing more complicated, every company will charge you differently depending on these criteria.
BASICS – PRIVATE INSURANCE
When it comes to damage caused to material things (cars, equipment, etc.), you must hold personal liability insurance from a private insurer. This guarantees that in the case of an accident, you will be compensated for damages you caused. The minimum amount of insurance required in Quebec is 50 000$.
BASICS – PUBLIC INSURANCE
Every year, some 200 000 accidents occur on the road in Quebec. Victims, whether responsible or not, are compensated by the S.A.A.Q for any bodily injury they suffer. This is what is referred to as Quebec’s “no fault insurance”.
