How does car insurance work for new immigrants to Canada? What you need to know
Car insurance works the same for newcomers and immigrants as it does for other Canadians. All drivers must have a valid insurance policy to drive. It’s mandatory. You are required to have at least the minimum coverage as defined by the province you reside.
Why do new immigrants need car insurance? It’s the law!
Car insurance is legally required for all drivers in Canada. You need it in all provinces and territories if you want to drive. It’s a serious offence to operate a vehicle without insurance. For example, driving without insurance in Ontario can result in fines ranging from $5,000 to $25,000 for the first offence. If you are caught a second time, fines could reach $50,000 and you could have your licence suspended and have your vehicle impounded.
Is my insurance history from my previous country valid in Canada?
In most situations, your insurance history from your previous country will be valid. But you are required to show proof. Before moving, speak with your insurance company and get a copy of your insurance history. Most Canadian insurers will recognize your experience and classify you accordingly. While this is an extra step, it will prove you’re a safe driver and help you save money on your policy.
Canada also has agreements with many countries allowing new immigrants to exchange their foreign licence for an equivalent licence. Make sure to have proof of your licence level and status prior to moving.
Why should you compare new immigrant car insurance quotes? To save money!
We all want to save money, right? In Canada, it's advantageous to compare car insurance quotes. By using a broker, you can compare coverage and pricing options from the top insurance providers. This allows you to find the best policy based on your unique driving needs.
Car insurance coverage options for newcomers – you can personalize your policy
All drivers have policy options. All plans include third party liability, accident benefits, direct compensation property damage, and liability protection. You can increase your coverage limits and add collision, comprehensive, and other forms of protection to customize your policy.
Common questions newcomers have about car insurance. We have the answers!
Your foreign insurance history is valid in Canada in most instances. However, you will need to show proof of previous insurance from your home country. Contact your previous insurer to get a record of insurance. This will ensure your new insurer will honour your experience and reflect this when providing a quote.
You should get insurance as soon as plan to drive in Canada. Before you get behind the wheel of your vehicle, you’ll need to have a valid Canadian auto insurance policy.
It’s possible. Foreigners can apply for non-resident car insurance plans. You will need an international driving permit or a valid Canadian drivers licence. This situation is suited for people who will only be in the country for a short term.
An alternative option is to get added to a Canadian family member's insurance plan as a secondary driver. Contact our insurance experts today to get advice about the best insurance for you.
There isn’t one best type of car insurance for immigrants. The right policy for you will depend on your driving habits, coverage requirements, and other factors. We advise you to shop around and consider all options available to you before you make a decision. Speak with our insurance experts about your insurance requirements and we’ll take care of you.
