Compare Yukon car insurance quotes

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How car insurance coverage works in Yukon

In the Yukon, the Office of the Superintendent of Insurance supervises and regulates insurance. Car insurance is mandatory in the Yukon and provided by private insurance companies and brokers. The smallest and western-most territory has instituted standards for mandatory coverage that includes at least $200,000 in third-party liability insurance protecting drivers in the event they cause injury or death to a third party. You are also required to have: No-fault insurance, Accident Benefits, and Uninsured motorist protection. It’s recommended you speak to your private insurer about additional coverage options. For instance, there are four optional auto insurance coverages, including collision, comprehensive, specified perils, and all perils.

Here is an overview of the available car insurance coverages in Yukon:

Coverage	Description
Public Insurance	Basic auto insurance coverage provided by the Provincial government. This generally includes liability, accident benefits and uninsured motorist coverage. Available: No Required: No
Private Insurance	Auto insurance policies created & sold by private insurance carriers. Though these carriers must still abide by Federal and Provincial regulations. Available: Yes Required: Yes
No-fault insurance	Having no-fault insurance doesn’t mean you can’t be found at fault. This coverage means you must first deal with your own insurance company for all claims, whether you’re at fault or not. But, Yukon will allow a no-fault driver to sue an at-fault driver for additional damages and costs that are not covered by their accident benefits. Available: Yes Required: Yes
Third-party Liability Insurance	Protects against damage caused by you while driving and includes injury and death to others and property damage. This is the only insurance coverage that is mandatory across Canada. Minimum coverage for Yukon is $200,000. Available: Yes Required: Yes
Accident Benefits	Covers your medical benefits if you’re injured in a crash, whether you’re at fault or not. The coverage includes your medical costs, while also paying for additional recovery costs, such as rehab, income replacement, and payment for and attendant care, if needed. Available: Yes Required: Yes
Direct Compensation-Property Damage (DCPD)	Covers damage to your vehicle and its contents, and for the loss of use of your vehicle when damaged – if another person was at fault. This coverage only applies if the crash occurs in a province where DCPD is mandatory, if two or more insured vehicles are involved, and if both insurers are licensed within that DCPD province. Available: No Required: No
Uninsured Motorist	Uninsured motorist coverage protects against injuries you and your family members sustain in a crash caused by an uninsured motorist. It can also cover your vehicle damages, if the uninsured driver is able to be identified. Available: Yes Required: Yes
Collision Insurance	Protects against damages sustained in a collision. This insurance covers you if your car is damaged in a crash – in both cases whether you crash into another other car or whether you crash into a stationary object. Available: Yes Required: No
Comprehensive Insurance	Protects against any losses a car owner may suffer, from events not related to driving. Such losses could include theft or damage from attempted theft; vandalism; environmental damage to a car from floods, fallen trees, and hail, etc. Available: Yes Required: No
Specified Perils	Covers your financial losses for damage caused specific perils – but only for perils chosen specifically for your policy. Available coverages are for theft; fire; damage from hail, lightning, wind, or flooding; earthquakes; explosions; riots; aircraft crash damage; and damage sustained during any transportation relocation. Available: Yes Required: No
All Perils	This combines the coverages you get with collision and comprehensive insurance. Additionally, all-perils also covers you if an employee, or someone who drives or services your car, steals it. It also covers you if someone you live with steals your vehicle. Available: Yes Required: No
Emergency roadside assistance	This service covers you for roadside callouts for emergencies such as dead batteries, towing, flat tires, keys locked in your car, empty gas tank, etcetera. Many insurance companies offer roadside assistance either included or in addition to other coverages. Available: Yes Required: No

*Table information sourced from http://www.ibc.ca (2017)

Historical Yukon auto insurance rates

Drivers in Yukon pay around the national average for car insurance in Canada at just over $800. Due to the territory’s recent rising auto insurance costs, it is vital to compare car insurance quotes to ensure you’re getting the best policy to cover what you need while staying within budget. In fact, citizens of Yukon are encouraged to compare rates and consult with various insurers before finalizing their car insurance policy. Informed consumers help to create a more competitive market, which often leads to both better rates and service from car insurance providers.

Factors that impact your Yukon car insurance rates

The government of Yukon tried to eliminate some factors like gender, age, and marital status but the private insurers fought hard to keep them, stating it was too difficult to process rates without these factors. Even though insurance applications are relatively standard, you’ll find that insurance rates often differ between providers. For instance, every insurance company determines their own rates based on who they presently insure, how many active claims are on their current financial accounts, and the company’s overall tolerance for risk. 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.

Driver demographics

Age and gender are still factors, for now, when determining car insurance rates. An older, more experienced female will pay less than a younger male. Females take fewer risks, historically speaking, than males. Other demographic type factors include the number of kilometres racking up on the odometer, if you have any driving convictions on your record, and whether you’ve received any driver’s education certification.

Where you live

Each area in the Yukon has a different claim experience due to the different tundra, mountains, and remote villages you may find. Where a Yukon driver lives makes a difference in the eyes of the insurer. For instance, your comprehensive coverage can go up in urban areas due to a higher chance of theft. A driver in Whitehorse will pay more than someone driving in Dawson because of population density.

Vehicle type

Generally speaking, if you’ve paid more for your vehicle, you’ll pay more to insure it. That said, if you’re driving a cheaper car, you may pay less of a premium. The type of car you’re driving, its make, model, year, and even the type of engine under the hood will affect the driver’s insurance premium on your car.

Driving history

Any driving convictions can lead to an increase in the cost of a car insurance premium. A safe driver is more likely have a cleaner record and therefore pay a lower premium. The Yukon operates on a demerit point system. You earn demerit points with each conviction. The maximum number of demerit points is 12. In Yukon, your convictions stay on record for 2 years.

Driving activity

How you use your vehicle has an effect on your auto insurance rate, too. It’s so important that you’re honest and up front with your insurer any omission of details may affect the amount of payout you receive in an accident. They could even deny your claim altogether. If you use your car for business, let your insurer know. If you only use it for pleasure it may lower your premiums.

Type of insurance coverage

The type of insurance coverage you select can have an effect on your premium. For example, if you opt to pay a higher deductible on your collision or comprehensive, your insurer will take that into consideration and may reduce your premium. A large majority of citizens in Yukon opt for a higher third-party liability coverage to at least $1 million which may cost a little more now but save you big if you need to access it.

Applicable discounts

There’s lots of ways to save money on your car insurance in the Yukon. If you have a clean record, and practice safe driving, you will save in car insurance. In the Yukon, an anti-theft device can save you money.

How to get cheap car insurance in Yukon?

Shop and compare

At Ratehub.ca, we generate car insurance quotes for everyone in the Yukon using our car insurance calculator from Canada’s top providers all from one easy-to-use form. Research which car insurance company provides the coverage you want for your budget using the CLEAR table. In Yukon, rates change often, but lucky for you shopping for rates with us is free.

Stay with your current insurer

Some auto insurance companies will give loyalty discounts to drivers who remain active with them for years. Especially if they add family members or multiple vehicles to their policy.

Bundle Your Policies

If you use the same insurance company for both your home and auto insurance needs, your insurer will often thank you with a dip in premiums.

Get a multi car discount

If you have multiple drivers and vehicles in the same household, by putting them all on one policy can save you money.

Research your vehicle

The model of car you drive, its safety rating, its price, the amount of times it gets stolen – all affect your automobile premium. Research which automobiles have a low occurrence of theft to save on auto insurance. Yukon operates using the Canadian Loss Experience Automobile Rating (CLEAR) system. According to the Insurance Bureau of Canada it is an accurate and credible resource for claims on any particular passenger vehicle. You can use it to find your car.

Increase your deductible

Your deductible is the portion you pay when settling a claim before your insurer will pay the rest. If you’re willing to double your deductible, it could save you money.

Ask about discounts

If you’re a member of CAA-National (which covers the Yukon), a large corporation, union, or a member of your school alumni, you could get cheaper car insurance

Pay premiums annually, instead of monthly

Paying monthly adds administrative costs to your insurer, so if you’re able to pay in full annually you can lower your premiums.

Maintain a good driving record

If you’re a safe driver, obey the rules of the road and drive according to road conditions you can reduce your chances of an accident. Car crashes stay on your insurance record for up to ten years and can result in higher premiums.

Install winter tires

You can save up to 5% simply by adding winter tires to your car. With winter driving conditions being so treacherous throughout Yukon it pays to be safe!

Keep track of your driving

You can even install a telematics device to collect driving data. With user-based insurance (UBI) you can earn discounts based on not driving far or often, and on advanced stats like how carefully you brake and accelerate.

Take a course

If you’re new to driving, a driver’s education course will save money. Your car insurance provider will think of you as a safer driver if you’ve been trained by professionals.

How to get an Yukon driver's licence

Once you’ve reached 15 years old, you can apply for a learner’s license in the Yukon. The Yukon operates with a Graduated Driver Licensing Program. Let’s take a look at their 3-stage approach from learner, to novice, to a full driver stage.

Learner's license - Stage 1 (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 sign and written test
Pass a vision test
Pay the associated test fees
Display the “L” sign on the back of your car every time you drive
Must maintain zero blood alcohol level
You can’t use a hand held or hands-free device while driving
Your co-driver must hold a valid class 5 license for at least 2 years

Novice Stage (Stage 2) licence (or level two) eligibility criteria:

Complete 50 hours of driving in Stage 1
Must be 16 years old
Must have had your learner’s license for 5 months
Pass a road test
Pay an administrative fee for the road test

Full licence or Stage 3 (or level three) eligibility criteria:

Hold Stage 2 license for 18 months
Apply at any Motor Vehicles Office

Frequently Asked Questions about Yukon auto insurance

Do I need auto insurance in Yukon?

Yes, everyone in Yukon who drives a car is required to buy auto insurance. There are mandated minimums, but most Yukon citizens will opt to increase these minimums for more coverage.

Why does car insurance in Yukon cost so much?

Car insurance premiums in the Yukon are modest compared to the claim payouts. That said, the number of claims, the cost of those claims, fraud, and theft all play a major role in determining the average car insurance rate.

Do I need winter tires in Yukon?

No, you don’t need winter tires on your vehicle, but it can save you up to 5% on insurance. Winter tires are also a great safety measure - they’re softer proving a stronger grip on ice and snow.

Is roadside assistance required in Yukon?

No, but it’s a great for peace of mind in case of a battery failure, tire puncture, or you need a tow. CAA National covers the Yukon memberships start at $86/year.

How do I report a claim in Yukon?

Call your insurance broker or the company from where you purchased your car insurance. It can be found online or on your insurance slip often kept in the glove box. Most insurers are available 24 hours a day for claims. Be as detailed as possible when speaking with them and include all the information you have on hand including car make, license plate, driver’s license information, and your account of what happened. Take photos if possible.

How long do driving offences last on my driving record in Yukon?

Yukon operate on a demerit point system. If you earn 12 demerit points your license can be suspended. Points for any offence are automatically removed two years after the date of conviction.

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