Who sets auto insurance rates in Yukon?
Yukon has a private insurance market, which means insurers set their own rates.
What factors determine auto insurance rates in Yukon?
Auto insurance rates in Yukon are determined by a variety of factors:
- Your driving record.
- Your age and gender.
- Your driving experience.
- The type of vehicle you drive.
- Use and location of your vehicle.
- The amount of coverage you select.
The Yukon government tried to eliminate gender, age, and marital status from insurance rate calculations several years ago, but insurers deemed the effort unworkable.
How do Yukon auto insurance rates compare to other provinces?
Yukon is the cheapest territory for auto insurance and one of the more affordable Canadian regions overall, with only Quebec boasting cheaper rates.
Average auto insurance rates by province
|Newfoundland & Labrador||$1,168|
|Prince Edward Island||$816|
Source: Insurance Bureau of Canada, 2020, "BC - Better Auto Insurance."
*Source: Insurance Bureau of Canada, 2017
Will auto insurance rates in Yukon go down anytime soon?
Auto insurance premiums in Yukon have been trending modestly higher recently.
How can I get cheap auto insurance in Yukon?
Here are some of the strategies you can use to get cheap car insurance in Yukon:
- Maintain a good driving history.
- Always pay premiums on time.
- Choose the right insurance coverage.
- Use winter tires (insurers offer discounts).
- Complete a certified driver training program.
- Insure all your vehicles with the same company.
- Bundle your home insurance with your auto insurance.
Is auto insurance required in Yukon?
Yes. You're required to obtain a minimum mandatory level of insurance coverage in Yukon.
What is the minimum requirement for auto insurance in Yukon?
Here's what basic coverage in Yukon includes:
- $200,000 in third-party liability insurance: covers both bodily injury and property damage. Within this amount, property damage will be capped at $10,000.
- Medical coverage: up to $10,000 per person.
- Hit-and-run coverage: up to $200,000.
- Funeral expense benefits: $2,000.
- Disability income at 80% of gross wages: up to $300 per week. This coverage can run up to 104 weeks.
- Death benefits: $2,000 per dependant, or $10,000 for the head of the household.
What kind of auto insurance system does Yukon have?
Yukon operates on a hybrid no-fault system. By law, your auto insurance plan carries third-party liability coverage, but you can still sue an at-fault party for additional compensation in excess of the standard no-fault benefits should your damages warrant such action.
What are the penalties for driving without insurance in Yukon?
If you're convicted of driving without insurance in Yukon, you'll face a fine that ranges from $500 to $50,000. Repeat offenders could also face jail time.
What's the minimum legal driving age in Yukon?
You need to be at least 15 to apply for the first stage learner's licence in Yukon. You also have to pass a vision and knowledge test before you can get your learner's permit. Then there are some restrictions: you must drive with a supervising driver (18 or older) in the front seat and maintain a BAC of 0.
Other restrictions include a prohibition on driving between 12:00 AM and 5:00 AM and you can only drive with one non-family passenger in your vehicle. Learners also have to display an official 'L' sign on their vehicle whenever they drive.
How do I get a novice licence in Yukon?
To obtain a novice licence, drivers must be at least 16, hold a learner's permit for 6 months without incident, and pass a road test.
Novice drivers face fewer restrictions than learners, but they still have to maintain a BAC of 0. Novices can drive at night, but they're required to have a supervising driver with them from 12:00 AM to 5:00 AM.
How do I get a full licence in Yukon?
Drivers are awarded a full driver's licence after 18 months of incident-free practice with their novice licence.