Public auto insurance and private auto insurance
The Quebec Automobile Insurance Company
There is a public auto insurance plan in Quebec which is administered by the Société de l'assurance automobile du Québec (SAAQ). The SAAQ covers bodily injury suffered as a result of a traffic accident. Bodily injury is injury to the physical integrity of a person, illness, mental injury, nervous shock or death that could occur as a result of an accident.
Residents of Quebec are covered by the SAAQ, whether they have a driver's license or not. SAAQ insurance coverage is also valid for an accident that occurs in another province or in another country.
However, the SAAQ does not cover all damages. It is then mandatory to take out auto insurance with a private insurance company.
Private auto insurance
Auto insurance law requires every vehicle owner to carry insurance of at least $ 50,000 to cover their liability. In fact, it is often recommended that you take out liability for $ 1,000,000 or $ 2,000,000, especially if you are traveling to the United States. This insurance, commonly called "edge insurance" will cover damage caused by your fault to another person, such as property damage and bodily injury and injury not covered by the SAAQ. "One-way" auto insurance is mandatory. It is also called "Chapter A insurance" of the Quebec Insurance Policy Form.
If there is a chapter A, you can imagine that there is a chapter B. Then the insurance of chapter B is optional and will cover damage to your car, its theft and various risks such as vandalism, hail, etc. which will be detailed in your insurance contract.
The auto insurance premium
The insurance premium is the price that the insured must pay the insurance company in order to qualify for insurance coverage in the event of a loss. Insurance premiums can be paid annually or monthly.
Franchise
The deductible is a lump sum that you may have to pay in the event of a claim to your insurer.
Shop your auto insurance
Comparing quotes from different insurers could help you get a competitive insurance premium. There are a number of tips you can follow to shop for auto insurance efficiently. You can then request an auto insurance quote and compare the offers from Quebec insurers.
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