On April 1, 2013 the government of Nunavut took over as the administrator for the territory’s auto insurance. Before that, since 1999, the Northwest Territories had provided these services. In Nunavut, car insurance is mandatory and available for purchase via private insurance companies and brokers. The northern most territory has instituted standards for mandatory coverage that includes $200,000 in third-party liability insurance. This protects drivers in the event they cause injury or death to a third party. You are also required to carry no-fault insurance, meaning you must first deal with your own insurance provider for claims and accident benefits if you’re involved in a crash. It’s recommended you speak to your private insurer to get more coverage. For instance, many drivers in Nunavut will opt for comprehensive and collision insurance to better protect themselves and their vehicle.
Here is an overview of the available car insurance coverages in Nunavut:
*Table information sourced from http://www.ibc.ca (2017)
To find the best car insurance rate in Nunavut, it pays to shop around. Even though insurance applications are fairly standard with many of the same questions, you’ll find that insurance rates can differ between providers due to a few factors. The insurance company determines rates based on who they presently insure, how many active claims are on their current financial accounts, and the underwriter’s overall tolerance for risk. There are several other elements you can’t control that can have a negative effect on an insurance rate estimate. For instance, age has historically led to a lower frequency of claims for both men and women. Older, more experienced drivers are rewarded with cheaper premiums. The average premium in any given area is the result of the amount and cost of all claims. If you live in a densely populated area, you’ll likely pay more.
Here are 7 factors that determine your car insurance premium.
If you are 15 or older, you can apply for a driver’s license in Nunavut from the Motor Vehicles office. Once you’ve passed a few tests, you can apply for a license from any of the Department of Economic Development and Transportation offices.
Learner's permit Class 7 license phase (or level one) eligibility criteria:
You need to be at least 15 years of age
Provide proof of legal name, date of birth, and signature. (e.g. Passport, birth certificate)
Pass a vision test
Pass a written test about the rules of the road
Pay the associated written test fees
Class5 (or level two) eligibility criteria:
You need to be at least 16 years old
Have practiced a minimum of 4 weeks
Have less than 5 demerit points
Book and pass a road test
Pay an administrative fee for the road test
Pay the upgrade fee for the class 5 license