Car Insurance in Dieppe

In New Brunswick, uninsured motorist coverage is not mandatory. Rather, it is optional, which means you can choose whether to add it to your Dieppe auto insurance policy or not. This type of coverage is designed to assist drivers who are involved in accidents with another driver that is uninsured, underinsured, or unidentified. For example, if you get into a collision with someone who does not have third party liability insurance or enough of it to compensate you for damages, you can claim uninsured motorist coverage. The same goes for if you get into a hit and run car accident and never learn the identity of the other driver.

Accident benefits coverage is also mandatory in New Brunswick. It offers financial security if you or someone else involved is injured in a collision. Accident benefits can pay for a variety of costs associated with the accident, such as loss of income, funeral fees, medical fees, rehabilitation fees, and more.

If you get into a collision with an animal, another vehicle, or a foreign object on the road, collision coverage can offer financial protection. In essence, collision coverage is for when your car is seriously damaged following an accident. Under this portion of your policy, your insurance provider can reimburse you for the cost of repairs. Please note that collision car coverage is not mandatory in New Brunswick, but as with comprehensive coverage, your bank, dealership, or lending company may require it if you lease or finance your vehicle. Further, as with other types of coverage, collision coverage usually has a deductible. Choose your collision insurance deductible carefully considering how expensive repairs claimed under this type of coverage can be.

Comprehensive auto insurance offers a unique kind of auto insurance protection that safeguards your vehicle from risks while parked. For example, with comprehensive car coverage, you can receive a payout that covers the cost of repairing or replacing your car if it is damaged by wind, theft, fire, vandalism, natural disasters, and even collisions with wildlife. Generally speaking, comprehensive coverage deals with non-collision-related damages, which is unlike many other types of coverage on this list. In New Brunswick, comprehensive coverage is not mandatory. However, if you lease or finance your vehicle, then your dealership, bank, or other lender may stipulate that you need to purchase it for the duration of your contract. One final thing to note about comprehensive coverage is that this type of coverage is only as good as the perils you insure through it. Thus, it is important to list several perils in your policy or purchase all perils coverage for the broadest possible protection.

Another type of optional car insurance coverage popular among drivers in Dieppe is accident forgiveness. Accident forgiveness is additional coverage that can be added to your car insurance policy as an endorsement, to protect your driving record and to help prevent your insurance premium from increasing if you have an at-fault accident claim. Note: coverage and eligibility varies by province. For example, some car insurance policies only offer accident forgiveness for minor accidents, not those that result in substantial injuries or major property damage, like a totalled car.

Loss of use coverage is one last type of auto insurance coverage worth knowing about. Loss of use coverage is completely optional but can provide peace of mind to drivers if their vehicles are temporarily unusable. For example, if you get into a collision and your car is damaged and needs to go into the shop for repair, loss of use coverage can pay for any extra transportation costs incurred. Whether you need to hire a taxi to drive you back from the repair shop or need to book a rental car for your daily commute to work, loss of use insurance can cover you.

Also known as no-fault insurance, direct compensation coverage will help pay for damages if you get into an accident that was not your fault. This can include injuries and damages to your vehicle. However, you will only receive coverage when you are at fault if you have collision and comprehensive coverage.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.