How much car insurance do you really need?

How much car insurance do you really need?

The first few questions that come to mind for most drivers are: What kind of car insurance do I need? And how much coverage should I carry? The answer to both of these questions is: it depends.

This article has been updated from a previous version. 

For drivers in Canada, car insurance is mandatory — it’s the law. So, if you’re going to get behind the wheel, you’ll want to make sure you’re insured.  

About the author

Mike Friskney

Mike Friskney is a content strategist, writer and pug owner based in the Toronto area. He has produced content for a wide range of companies in the financial services, software, manufacturing, travel and marketing industries.

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Dominic Licorish

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What is facility car insurance for high-risk drivers?

What is facility car insurance for high-risk drivers?

Generally, the riskier you're seen to insure, the higher your premiums will be. But some drivers are considered too high a risk — and that's where facility insurance comes in.

This article has been updated from a previous version.

No matter where you live in Canada, if you want to drive, you need car insurance. But before insurers will give you a quote, they’ll want to know a few things, like how many accidents you’ve been in and how many tickets you’ve received. 

About the author

Lisa Coxon

Lisa is a senior editor in the personal finance space. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies. 

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Without a crystal ball, here are ways to gauge the cost of car insurance before buying a vehicle. Read more

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How to estimate the cost of insurance before buying a car

How to estimate the cost of insurance before buying a car

Without a crystal ball, here are ways to gauge the cost of car insurance before buying a vehicle.

This article has been updated from a previous version. 

If you're looking to buy a car, one of the concerns that’s probably top of mind is how much you’ll have to pay for car insurance.  

About the author

Sadaf Ahsan

Sadaf Ahsan is a culture writer and editor in Toronto. Her work appears in the National Post, while she has also written for Refinery29, Flare and Chatelaine.

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