![]() They want to protect the underlying asset in the event you get in an accident and the car is a total write-off.īut if you’re not relying on third-party financing, the choice is yours. Outliers are Quebec ($50,000) and Nova Scotia ($500,000).īut, if you're financing your car with a car loan, or are leasing, your lender may require that you buy more coverage than the mandatory minimum. ![]() The minimum benefit you need to purchase in most parts of Canada is $200,000. ![]() Every province and territory has rules around the mandatory amount of insurance you have to buy to legally operate a car.Įssentially, no matter where you live in Canada you need to buy third-party liability insurance.
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