Canadian and US Car Insurance
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All automobile insurance is the same, right? Wrong. Someone from the United States moving to Canada or moving from Canada to the United States will find that automobile insurance in both countries is different. It may be hard to fathom how there can be variations in automobile insurance since there appears to be stipulations with automobile insurance the way it is but, being that the countries are different, there's differences to be aware of.
Canadian automobile insurance fundamentals
Let's say you are a U.S. Citizen moving to Canada. You know that in the United States you have an insurance card. In Canada, you do get something similar that goes by a different name. It is called your Canadian Inter-Province Motor Vehicle Liability Insurance Card, or your "pink card." As far as the way you use the card & over it, it works the same in both countries, such as for showing proof of insurance on request & using it in case of an accident.
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However, the way injury claims are handled can vary based on the province. A lovely example of this is the fact that Quebec requires that injury claims are taken care of by a government program, than a private insurer. If the accident or the injury due to an accident takes place outside of Quebec, then that is when the private insurer takes care of the claim.
The Canadian government requires that private insurers within the territories & provinces have a standard set of terms & conditions available with the owner. This means that all terms & conditions will be consistent between all of the insurance firms. After this point, the provincial & territorial governments then set additional standards & what they select to be the lowest limits available for liability coverage on the vehicle.
Another difference you will find between U.S. automobile insurance & Canadian automobile insurance is that Canadians do not get printed policies when the insured is covered under a government insurer. The vehicle registration is actually proof of that insurance since the registration to the automobile cannot be drawn up without some kind of insurance being placed on the vehicle.
U.S. Automobile Insurance Fundamentals
Where Canada requires drivers to be insured by either a private insurer or a government insurer, the United States is chalk filled with private insurers that are regulated by their respective states. It is necessary in most states than an individual over at least some degree of liability insurance. Liability covers bodily injury liability. Plenty of individuals who do not have liens on their vehicles will over liability insurance because it is more cost effective than full coverage. Full coverage is necessary when there is a lien on the automobile. This usually means that the automobile is owned by a bank, such as when a person has acquired the automobile through financing & has not yet paid the automobile off.
Something else in the U.S. that is different than in Canada is that the Canadian Provinces of Manitoba, Quebec, & Saskatchewan do not permit an individual to sue for pain & suffering when a motor vehicle accident has occurred. The only way to do this is if any permanent disfigurement has occurred, extreme disability, extreme mental or psychological destroy, or death.
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