Nova Scotia is a beautiful province with so many things to do and see. Beaches, coastal drives, hiking trails and towns are dotted across the map – and because of just how much wide-open space we have, it’s much easier to make the most of it with a car. But, before you hit the road, how do you choose your auto insurance policy? There are a few things to consider:
It’s necessary.
First off, having the base amount of insurance is a requirement in Nova Scotia – no exceptions. There are hefty fines and repercussions for not carrying valid auto insurance, so skimping out could cost you a lot more in the long-term.
How much does it cost?
That said, from gas to car payments to insurance, the costs of having a car add up. It might be tempting to cut corners where you can, but insurance is the only way to protect yourself, others, and the investment you’ve made in your vehicle. The cost of your insurance will vary depending on your driving history, the make and model of your car, where you live, how often you drive, your coverage and other factors.
For the best possible rate on your insurance, there are a few things you can do to keep your premiums down. By always paying your premiums on time, maintaining a good driving history, choosing a vehicle with safety and security features, or taking a safety course, you can prevent unexpected increases.
How much coverage do you need?
And while the cost is one deciding factor, another thing to consider is how much coverage you actually need. The minimum requirement in Nova Scotia is $500,000 in third-party liability insurance, but this doesn’t help cover any damages done to you or your own car if you cause an accident. You’ll need more than the bare minimum if you want to protect your own property and assets.
To ensure you’re protected, a MacLeod Lorway advisor can help you determine exactly how much coverage you need.