Auto Insurance - Glossary of car insurance coverage

Collision insurance

Collision coverage pays for the damage to your vehicle by collision with another vehicle or fixed objects like trees, signs, buildings, etc. This coverage is what gets invoked when the accident is your fault.

Comprehensive coverage insurance

This is your fire and theft coverage, and covers damage to your car for anything other than a wreck, like tornados, floods, vandalism, theft, hitting a deer, etc.

Car rental

If your vehicle is in the shop for more than a day for repairs resulting from an insurance claim, many policies with this coverage will pay $15 or more per day for usually up to 30 days, or some maximum value to rent a car while you wait for repairs. Higher limits are available.

Full glass

In many provinces, there is no deductible on windshields, because it is against province law to drive with a damaged windshield. But for the rest of your windows, you still have to pay your comprehensive deductible before they will pay for any broken glass. You can pay more for Full Glass coverage to eliminate any deductibles for broken glass. Some companies give you full glass at no extra charge as a selling feature.

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Medical coverage Covers medical expenses from your crash injuries and covered persons in your car, no matter who was at fault Liability coverage Liability covers only the damage caused by you to someone's property, car, fence, lawn, telephone pole, house, etc. When you are at fault in a wreck, this coverage is invoked when the other driver makes a claim against your insurance to repair their car. Towing If your car breaks down, this coverage will pay for a tow truck or roadside assistance to get your car going again. Underinsured or Uninsured Motorist I think everyone should have this coverage, because it protects us from all the loser morons out there who refuse to insure their cars.

Private passenger insurance

Private passenger insurance costs are dependent upon a number of factors, including one’s insurance company, chosen level of deductibles, location, use, driving record and vehicle. IBC’s Vehicle Information Centre has developed a system of rate groups which insurance companies could use to equitably deal with the last factor, the vehicle. This resulted in IBC the Canadian Loss Experience Automobile Rating (CLEAR), a system of rating vehicles that fairly matches vehicle make, model and model year premiums with the vehicles’ respective risks.