If you’ve recently purchased a vehicle, are up for renewal, or just became a licensed driver—shopping for car insurance and understanding your coverage options can be overwhelming.
We want to help simplify the process. So here are some easy steps to find coverage that fits your needs.
Step 1. Get a quote.
Getting a quote online is a great way to find the right insurance. It’s a tool that will walk you through your coverage options, show you ways to save, and calculate the premium for your potential policy. Click HERE to get an Easy & Fast online quote!
Step 2. Understand your mandatory coverage.
By law everyone who puts a plate on a vehicle in Canada must have car insurance.
If you are from British Columbia, Saskatchewan, or Manitoba—government-run insurance companies sell the required minimum car insurance.
In all other provinces and territories, you can purchase the mandatory coverage (and any optional coverage) directly from a private insurance company, like One Stop Insurance Inc.
Mandatory Coverage for Alberta
Whether you lease, finance or own your vehicle, this is the minimum amount of coverage you need to have by law to protect yourself and your loved ones.
- Third Party Liability Coverage (Section A Coverage): If you injure someone or damage property, payments are made on your behalf.
- Accident Benefits Coverage (Section B Coverage): Regardless of who is at fault, medical and other expenses you are entitled to receive are covered.
Step 3. Learn about additional insurance benefits (and their limitations).
Depending on your needs, you may benefit from additional protection in addition to the mandatory coverage. Most common additional coverage(s) are:
- Collision or Upset (Section C Coverage – Physical Coverage): Covers your vehicle for damage done to your vehicle by a collision or upset where a thirdparty is not deemed liable for the loss.
- Comprehensive (Section C Coverage – Physical Coverage): Covers your vehicle for fire, theft, explosion, earthquake, windstorm, hail, rising water, vandalism, falling or flying objects, missiles, and riot or civil commotion. This may also be called ‘parking’ insurance.
- SEF # 20 – Loss of Use Endorsement: The Loss of Use endorsement provides for the rental costs of an automobile while the insured vehicle is no longer functional due to a collision or upset.
- SEF # 27 – Legal Liability for Damage To Non-Owned Automobiles Endorsement: This endorsement extends coverage for legal liability for loss or damage arising from custody, care, or control of any automobile not owned by the insured. This endorsement requires Section C Coverage and will extend the coverage from the vehicle on the policy to another vehicle you may drive or have care of. The professionals at One Stop Insurance can help you determine the additional coverage that’s right for you.
Step 4. Understand how car insurance premiums are calculated.
Some of the factors insurers take into consideration are:
- The number of drivers
- Their driving record
- The make, model, and year of car
- Number of kilometers driven per year
- Your location
You are one step closer to affordable auto insurance. Get a free quote and see how much you could save!
One Stop Insurance Inc. (formerly North Hill Insurance) has helped thousands of people choose the best insurance plans for their needs, at a price they can afford. One Stop Insurance offers a wide range of plans, from the most basic to premium plans, in auto, truck, commercial vehicle, fire, flood, homeowners, renters, small commercial, motorcycle and recreational vehicle insurance products.
One Stop Insurance services customers online and through their two local offices in north and south Red Deer.