Collision Insurance Quotes & Coverage

Accident benefits coverage helps pay for medical or rehabilitative care if you, your passengers or pedestrians are injured in a car accident, regardless of fault. This coverage is mandatory in most provinces under private insurance systems (including Ontario and Alberta under current frameworks), but specifics may change with provincial reforms. It reimburses the policyholder for medical treatment such as physical therapy or prescription medication. It may also cover funeral expenses and lost income.

This coverage is generally mandatory in most provinces, including Alberta, though structure and benefits vary by jurisdiction. It may cover your vehicle repairs if you get into an accident with an at-fault driver who is either uninsured or underinsured. It also extends to hit-and-run accidents where the at-fault driver flees the scene.

Direct compensation-property damage (DCPD) coverage kicks into gear when an at-fault driver damages a policyholder’s vehicle. Rather than having to deal with the other driver’s insurance company, DCPD allows you to go through the claims process and be compensated by your own provider, ensuring you don’t experience any delays in your payout.

Comprehensive coverage protects drivers from non-collision damages, including theft, vandalism, fire, falling/flying objects, severe weather conditions and animal collisions. The only costs you’ll be responsible for paying out of pocket when filing an insurance claim are your deductible. Note that, similar to collision coverage, if you have a vehicle lease or borrowed money from a financing company, you may be required to purchase comprehensive coverage.

All perils coverage combine collision and comprehensive coverage, subject to specified exclusions. While this endorsement comes with higher premiums, those with new cars often opt for this type of policy, as it offers better protection.

Specified perils only cover damage to your vehicle from perils specifically mentioned in your car insurance policy, offering lesser protection, but more affordable premiums, making it a good option for those with older vehicles with lower repair costs.

Loss of use coverage ensures you’re not paying out of pocket for alternative forms of transportation if your car is stuck in the shop for repairs after a covered event. Rental cars, rideshares and taxis can get expensive. But if you have loss of use coverage in place, your insurance company will reimburse you for these expenses until you can get your vehicle back.

Waiver of depreciation endorsements ensure policyholders are compensated for the agreed-upon value of their vehicle following theft or write-off, instead of its depreciated value. While this endorsement tends to increase your car insurance premiums, it does ensure you’ll receive a greater payout than you would if depreciation were considered, making this optional endorsement especially valuable for those who recently purchased a new car.

Roadside assistance is your emergency aid if you’re ever stuck on the side of the road due to an unexpected breakdown. Whether it’s due to a flat tire or you ran out of gas, roadside assistance covers towing, tire changes, fuel delivery, battery boosts and key lockouts.

One final type of optional car insurance coverage popular among drivers is accident forgiveness. Accident forgiveness is an optional endorsement that helps protect your driving record and prevent premium increases after your first at-fault claim.