Automotive insurance is mandatory in Canada, no matter what province you live in. That being said, the level of coverage that is mandatory varies greatly depending on your location. To help you better understand how to properly insure your Toyota, we’ve put together some tips for you.
Understand the types of car insurance
There are three types of car insurance that you should be aware of.
- The first is third-party liability insurance, which is compulsory in Canada. It covers any damage to any other party’s property that’s your own fault.
- Collision insurance is the second type, covering damage to your own car if an accident is your fault.
- The final type of insurance is comprehensive insurance, which protects against theft and vandalism when you’re not driving.
Research before you buy
Look at the rates and offers of various insurance companies to make sure you’re getting the best rate. If you are unsure, enlist the help of an insurance broker to get the best deal possible.
Have the right documents
If you’re looking for the best way to insure your Toyota in Alberta, make sure you have the right documents when you research. This means keeping the following close at hand:
- Driver’s license
- Name and address
- Current insurance company and policy number
- Traffic violations within the last three years, not including parking tickets
- Previous claims filed in the last eight years
- Vehicle make, model, and year
Being able to provide this data will give you a more accurate picture of insurance requirements and premium estimates. After you’ve purchased or leased a car from High River Toyota, we want to make sure you have enough coverage to cover your investment if it were to be damaged. It’s another way we at High River Toyota care about our customers.