Car insurance Lethbridge

The purpose of accident benefits coverage is to compensate policyholders for medical costs should they be injured in a collision. You can claim accident coverage for yourself or another person who was hurt in an accident, such as a passenger, pedestrian, or another driver, despite whether you were at fault or not. This insurance coverage will pay for medical bills, rehabilitation treatment, lost wages, and more.

In Alberta, drivers are also required to obtain uninsured motorist coverage, which protects them if they are in an accident with a motorist who is either uninsured or not sufficiently insured. This also protects you if you are hit by an unidentified driver. 

Direct compensation - property damage provides policyholders with financial protection in the event an accident damages their car. If you were not at fault for the incident, this insurance coverage will cover the cost of repairs for your car and let you handle the claim process with your own insurance company.

Collision car coverage will cover the cost of vehicle repairs should your car be damaged in a collision. Given that the cost of vehicle repairs and replacements has increased by 18% over the last three years, adding this insurance to your overall plan is highly recommended. Note if you lease or have a loan with a lender for your car, you may be required to purchase this coverage regardless.

If you're shopping for car insurance, you may also want to consider comprehensive car coverage. This insurance policy will cover the cost of vehicle repairs should your car be damaged in a non-collision event. Common perils included in this policy are theft, vandalism, severe weather conditions, and falling objects.

Contrary to what you may have heard, vehicle thefts in Canada have increased by 254% since 2018, making this policy all the more valuable in your portfolio. Additionally, if you lease or have a car loan, you'll likely need this insurance regardless.

One more type of optional car insurance coverage popular among drivers in Lethbridge 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. 

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.

If you ever get into an accident and your car needs repairs, loss of use coverage has your back. While your car is in the shop, this coverage helps pay for other ways to get around—whether that's hopping on public transit, using ride shares, or renting a car. It can be a real lifesaver, especially if your car ends up being out of commission for days or even weeks.