“Car ride” has been in the North American language since Henry Ford rolled the first Model-T off the assembly line. Today it is big business and, for many, a principle asset and necessity of life, from rural Canadians to busy soccer moms. Car insurance protects you against the financial losses you would suffer if you were involved in an automobile accident.
When purchasing a new car, it is advisable to investigate the cost of insurance in advance. The make or model of your car and its price, often determines how much you pay for insurance, and this may have a bearing on your purchase decision.
When you buy or renew auto insurance, it’s important to understand what’s currently mandatory, as well as to evaluate price, coverage and service options. Insurance coverage is subject to change, so it’s always a good idea to have a capable insurance broker in your corner. A Steers Insurance agent can advise you on the best protection for your personal needs, at the fairest price. Each policy built by a Steers Insurance broker is designed to meet the needs and desires of the individual car owner.
In Newfoundland and Labrador, the person who did not cause the collision has the right to sue the at-fault driver for additional costs and damages not covered by accident benefits. Third-party liability covers you for the legal costs of being sued if you are the at-fault driver. If you have no car insurance, you risk losing your savings, your home, and your personal assets every time you get behind the wheel of your car.
By law, anyone who owns a motor vehicle and drives on public roads in most provinces in Canada is required to have certain basic coverage. In Newfoundland and Labrador, Accident Benefits insurance is not compulsory, but we strongly recommend it. Accident Benefits coverage provides compensation if you, your passengers, or pedestrians suffer injury or death in an automobile accident. Discuss your insurance needs with your broker to obtain a more complete explanation of these and other options, and ensure you are adequately protected.
Steers Insurance has been leading the way in Newfoundland & Labrador car insurance brokering for over 80 years – with home-grown representatives ready to serve you. If you’d like more information, have another question, or would like an auto insurance quote, contact us today!