In this Video Posted by Igor Ryltsev, He brings up a series of great points on what car insurance in canada is based off of as well as how to get cheaper rates. The points he makes include:

• Giving specific documents to insurance companies to prove a clean driving record.

• Shopping around for different rates, and asking if one insurance company will beat another rate.

• Specifying the different types of insurance and what they mean.

• The various factors that influence what an insurance company may quote you, for example; age, gender, years of driving experience, type of vehicle being driven, and the purpose of that vehicle.

The Importance of This Video:

I believe Igor does a great job going over the basics of navigating car insurance in canada, especially for those who are buying a car for the first time or who are newcomers to the country. He shares important information that is relevant to anybody, countrywide, in a manner that can help them to find a cheaper rate.

Overall, car insurance in Canada comes off as being fairly complicated to someone with little experience, there are so many options, and various definitions that lack clarity until you find the right explanations. The part that surprised us the most was just how much there is to know about insurance, compared to other countries. The diversity of Canada definitely plays a large role in everybody's day to day life, and insurance is just one of the ways.

2. Provide a real-life example of how this topic is relevant or interesting for you.

As people who both take interest in owning multiple cars, as well as buying and selling cars regularly, it's very important to know about the intricacies of insurance. Its very easy to make poor or uneducated decisions that can lead to a loss of income, so being fully educated in the matter can do significantly more than just make the process of insurance easier.

3. If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

Overall, the best piece of advice we could possibly give is to shop around for insurance, don't just go with the first company, because due to the complexities of our Canadian system, it's very easy to find various different rates, and there will always be a company that can do it for less.

This is the official Goverment of Canada website for everything you need to know about car insurance. It covers how car insurance works, why you need it, the different types of coverage and policies, premiums, settlement options, and everything else you may need to know.

Why I Chose This Website:

I feel that including this website is an absolute must for this wall. This is because if there is one place you know you can go to find the most trusted information on automotive insurance, this is it. The Goverment of Canada may not help you to find a cheaper rate, but it will assist you in knowing all the legalities and complexities surrounding car insurance, and anything else you feel you might need to know.

This story, covered by CP24, shows an unfortunate situation resulting from having a cheaper type of insurance and being involved in a hit and run accident. More specifically, it gets into the different types of insurance including Liability, Collision, and comprehensive, as well as what they mean for you if an accident is to occur. In this story, a woman is involved in a hit and run where her car was struck from behind, and then pushed into the vehicle infront. This resulted in both front and rear end damage, and worst of all, an $8000 repair bill that would not be covered. This is because she only had liability insurance, which is limited to only covering the other vehicle involved in an accident where you are at fault. It is the minimum level of insurance required in canada. It also talks about how the result could have been different had she had collision or comprehensive insurance.

The Importance of This Video:

I believe this video is an excellent, although unfortunate "cautionary tale" as the CP24 reporter states. It shows a near worst case scenario of the result of being involved in an accident with the improper insurance to cover it. Depending on a persons situation, its very easy to think that all you need is the cheapest insurance, however in reality, and depending on the value of your car, it may be a mistake that costs you alot more then the increased rates of a better insurance plan.

This video I believe is an exceptionally good way of understanding the 'no-fault' insurance system and why it was put in place where it is. Although I personally think this is a backwards system, it does help most of the population I would like to believe or else it would not be a thing. In addition, this system is exactly how it sounds, neither party of which an accident is caused will be primarily blamed.  

Why This Video is Significant:

This then makes the no-fault system prone to insurance fraud and individuals being upset they are not receiving compensation they feel is fair, or even extended wait times for insurance claims to the point that people start experiencing delays and disputes for compensation they are entitled to. The limitations on suing for damages in a no-fault system can reduce the number of lawsuits related to car accidents. While this is intended to streamline the process, it can also heavily limit the ability of an individual trying to seek compensation for certain damages. 

I felt inclined to include this video on our wall as it shows some of the cheapest vehicles to insure, which are surprising considering some factors that could be easily overlooked. Being that some of the vehicles in the video are some of the newer models of some brands, and just bigger vehicles such as the truck and SUV's you would wonder how these cars fall under the category of the cheapest vehicles to insure in Canada.  

Why This Video is Significant:

That is because of some of the external factors such as age, driving history, and driving time. Though generally any vehicle with advanced technology integrated into the safety features or much lower theft rates overall would lead to a lower premium for whatever make and model it happens to be, a good example shown in the video would be the 2011 Ford F-150 XLT Super Crew 4x4 somehow coming in at 2nd (35.78%) on the list for cheapest insurance, despite it being a truck and a 2 door truck at that. 

This website goes into greater detail about a specific question that most people have about insurance. "Why do rates differ so much across companies". This website covers 5 factors and reasons why different companies may offer different rates, as well as information that can help you to find the best rate available for your situation.

Why I Chose this Website:

When I was initially looking for car insurance, one of the first things I realized was that different companies vary greatly in what they can offer. This lead to alot of confusion that I never really understood. Because of this, I feel that it is very important for more people to gain an understanding of the behind the scenes of insurance pricing, and I believe this website covers a few of the important details that are involved in the price fluctuations.

On this website you can find the mandatory auto insurance requirements for all the provinces and territories at ease, and this is beneficial for understanding every unique or odd mandatory requirements that some places require in order to drive amongst Canada. This then helps you stay liable for anything that happens in any province or territory and keeps you as a responsible citizen of the country.

Why I Chose This Website:

I believe that this website is a powerful addition to our wall because it clearly highlights the goal of what it is trying to educate us on, and furthermore makes it quite easy to navigate to each and every place in Canada to understand very clearly what is needed to drive wherever you desire. The website also has other immensely helpful resources regarding the topic of auto insurance and resources for anyone struggling with distracted driving or the unexpected event of a collision. 

This website serves as a great guide for anyone struggling with understanding car insurance and expands more on the most common add-ons for insurance coverage. You can also find the average cost of auto insurance based on the province you are residing in, and more importantly what is covered with these different policies and add-ons. There are many factors that go into your car's insurance rate, with the most significant being your age, time driving, location, and the vehicle.

Why I Chose This Website:

I chose this website because it encapsulates everything that is included in auto insurance, as well as breaking down all the necessary steps to covering yourself with whatever insurance needed at the cheapest possible cost. The website also covers whether you require insurance when using a rental car, or if your insurance just was carried over in the event of using a rental vehicle and goes over whether insurance companies cover for vehicle theft, which most times standard car insurance will not cover for this.