10 ms·
In bc Canada, where insurance is probably too expensive, the normal coverage is 1million cad, with 2million being the new norm ( I have had 2 million coverage p
by sergers 3y ago
In bc Canada, where insurance is probably too expensive, the normal coverage is 1million cad, with 2million being the new norm ( I have had 2 million coverage past few years).
- jeromegv 3y agoYeah the gap between 1 million and 2 is so small that you might as well get 2.
- b112 3y agoIn Quebec, the license plate cost ($230 per year) also covers all injury. This means that the private part of insurance, only covers damages to things, which is rarely millions. This blend of private/public insurance results in super cheap rates, while keeping injury insurance in place. Both BC (full public) and Ontario(full private) have higher rates for the same coverage. 2x as much per year.
- andy99 3y agoI've heard that before but did not notice a material difference in my insurance moving between Ontario/Quebec. Is it mainly for new drivers or those otherwise more expensive to insure? I do know that I pay almost $400/year* between my license and registration in Quebec which would be ~$0 in Ontario. As well as a lot more for gas. * I have a "luxury" car because it cost > $50k CAD (about $38k USD) and therefore is so-defined by the province (a Volkswagen). And Montreal imposes extra fees.
- b112 3y agoInteresting, re:Ontario. They dropped the fees during the pandemic. I am not sure it will be a forever thing. But the insurance fees were 1/2 the price when I moved here. I don't know if that has changed a lot?