Collision insurance in Canada
Collision insurance is an important addition to any auto policy. Compare car insurance quotes with collision insurance from Canada's top providers.
Matt Hands, Business Director, Insurance
Collision insurance pays for damage done to your car as a result of an accident, either with a stationary object like a guardrail, or with another person’s vehicle. It’s optional in every province except for Manitoba and Saskatchewan car insurance.
If your car is parked and something happens to it, you can add comprehensive car insurance to your policy and your insurance will pay for its repair.
For example, If you run into a tree, you want collision insurance. If a tree falls on top of your car, you want comprehensive insurance.
A car insurance policy is mandatory in Canada, but not all are created equal. The standard minimum car insurance policies are there to support you financially in case you cause injury or harm to yourself or others (accident benefits), other people’s vehicles or property (third-party liability insurance), and in case someone hits you, but doesn’t have insurance (uninsured motorist).
Step 1: Share some information
Tell us a little about yourself and your coverage needs (e.g. collision insurance)
Step 2: Compare quotes
We instantly show you dozens of quotes side-by-side from top providers
Step 3: Save money
Choose your quote and secure your insurance rate online, or via one of our licensed brokers
With collision coverage, your insurance company pays to repair or replace your vehicle, regardless of who was at fault. You're responsible for paying the deductible – the portion of money you have to pay before your insurance provider will pay the rest. You set your deductible amount. A higher deductible is one way to save on car insurance, but it also means you’ll pay more should an accident occur, before receiving any payment from your insurer. Typically, people will set a deductible between $500 to $1,000, but it can go as high as $5,000.
The cost will vary based on your insurance provider. Your insurance company will look at several factors including your driving history, the current value of your car, and your deductible amount. If you have a clean driving record, it should be minimal. If you’re looking for a number, expect to add 10-20% to your existing policy, but again, understand that it depends on your insurer and their tolerance for risk.
If you have an older car and think your collision will be less since its value is less, know that an older vehicle doesn’t necessarily get cheaper collision coverage. Read our blog for more info: Do you need collision coverage on an older car?
Ratehub.ca Pro Tip
We recommend at least getting $1,000 deductible. If you're able to take on a higher deductible you can save even more on your insurance.
Are you considering collision insurance?
The value of your vehicle
The cost of your deductible
Your financial situation
What your insurance provider will pay
You're at fualt in an accident and have collision insurance
You're at fault in an accident and have no collision insurance
You're not at fault and have collision insurance
You're not at fault and have no collision insurance
What's the difference between comprehensive and collision insurance?
Collision protects your car when you're in a moving vehicle and crash. Comprehensive covers your car when it's parked protecting it from risks like theft, vandalism, or a falling tree.
What is accident forgiveness?
When should I drop collision insurance?
Do I really need collision insurance?
Is it better to have a $500 deductible or $1,000?
Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.read linkedin bio
How much does insurance cost for an electric car?
57% of Canadians may have missed out on car insurance discounts (survey)
Journey to G – an Ontario driver’s guide to becoming fully licensed
Is mortgage life insurance mandatory in Canada?
Ratehub Inc. launches home and auto insurance brokerage
Is accident forgiveness insurance worth the cost?
Loss of use − the coverage you thought was standard
A wealth of knowledge delivered right to your inbox. From the latest interest rates, to tips on getting the best from your credit cards. It’s all in there.
We help you find better financial products for your specific needs. Whether you need a mortgage, credit card, savings account, or insurance coverage, we get you the information you need to choose better.
How does Ratehub.ca make money?
Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.
Auto insurance basics
Auto insurance types
Provincial car insurance
Regional car insurance
- Toronto car insurance
- Ottawa car insurance
- Mississauga car insurance
- Brampton car insurance
- Oakville car insurance
- Hamilton car insurance
- Calgary car insurance
- Edmonton car insurance
- Oshawa car insurance
- Lethbridge car insurance
- Fort McMurray car insurance
- Medicine Hat car insurance
- Red Deer car insurance
- Burlington car insurance
- Windsor car insurance
- Vancouver car insurance
- Kitchener car insurance
- London car insurance
- Markham car insurance
- Moncton car insurance
- Montreal car insurance
- Oshawa car insurance
- Peterborough car insurance
- Regina car insurance
- Saskatoon car insurance
- St. John's car insurance
- Sudbury car insurance
- Thunder Bay car insurance
- Victoria car insurance
- Waterloo car insurance
- Windsor car insurance
- Winnipeg car insurance
- Saint John car insurance
- Kelowna car insurance
- Kingston car insurance
- Halifax car insurance
- Guelph car insurance
- Grande Prairie car insurance