You’ve found the perfect used car, but before you can finalize the sale, you need the perfect insurance. Buying a car is the best time to review and update your existing policy or shop around for better coverage.
Here are our top 4 things to consider, plus a few tips just for used cars:
When it comes to your car insurance, there are a lot of options. How do you know what you need and what you don’t? Each province is different, so double check what you’re
This coverage is mandatory in every province in Canada. It covers you if you cause damage or injury to someone else’s property in a car accident.
If something happens to your vehicle, this is the coverage that helps repair or replace it. Although commonly referred to as collision and comprehensive coverage, those are just a couple of your options. Get the
Your auto policy doesn’t just cover damage to your vehicle (or someone else’s). It’s also there to help you recover if you’re injured in an accident. Learn more about
You’ll be surprised at how affordable it is to get more coverage compared to the potential cost. Check out the
If your used car is five years or newer, ask your insurer about adding a Used Vehicle Waiver of Depreciation. Why? Your vehicle loses value every year. Under a standard policy, your car will only be covered for what it’s worth today, not necessarily what it will cost to repair or replace it. Add this waiver and you’ll be covered for the full cost to repair or replace your vehicle without any adjustment for depreciation.
Just like you probably didn’t buy the first used car you saw, it’s always a good idea to shop around. Always ask questions about your coverage options and find out what discounts might be available. Start with these
Once you’ve found your insurance, it’s time to finalize the sale. Check out the
Old or new, your car needs insurance.