Different Types of Auto Insurance in Victoria

Auto Insurance is also known as Vehicle Insurance. Auto Insurance in Victoria, BC provides financial protection against physical damage or bodily injury and damage caused in traffic.

Auto Insurance is primarily used to protect your vehicle from traffic accidents, physical damage etc. It also provide protection against robbery of vehicle, damage caused other than traffic collision like keying and by colliding with stationary objects etc.

Vehicle owners in BC should have Basic Auto Plan which covers minimum coverage required.

Basic Autoplan coverage in Victoria, BC

• Includes up to $150,000 for medical expenses and rehabilitation costs, and up to $200,000 Third-Party Liability for damages claimed by other drivers.

There are 2 types of coverage:

1. Basic Coverage – Means every driver should have this insurance for their vehicle. This insurance is mandatory. Types of basic coverage are:

• Personal Liability and Property Damage(PLPD) Insurance

• Accident Benefits.

1. Optional Coverage – This insurance is not mandatory for your vehicle. But if you have this coverage it will benefit you if you met with a collision or any other damage to get your amount back. Types of optional coverage are:

• Collision

• Comprehensive

• Coverage for new vehicles

• Vehicle in Storage

• Rental Vehicle Coverage

Things to Consider While Choosing Insurance Type

1. Always Shop Around

2. Get A Loyalty Discount

3. Know Your True Risk Tolerance

4. Are You A Good Driver?

If you are still confused & not having auto insurance in Victoria BC then it’s the good time to invest. Get the auto insurance done at an affordable rate with Discovery Insurance Services, Victoria, BC. Our experienced insurance brokers in Victoria will assist you & you will get every detail about the plan & its benefit.