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Nova Scotia Car Insurance

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Finding affordable car insurance in Nova Scotia can be a challenging task for drivers. With rates that are among the highest in Atlantic Canada, getting the right coverage at a competitive price is crucial. This comprehensive guide will provide Nova Scotia drivers and car buyers with everything they need to know to find the best car insurance rates and policies for their needs.

We’ll discuss factors that impact your car insurance premiums in Nova Scotia, tips for getting quotes, information on the top providers, and ways to save on your policy. With the right information and some smart shopping tactics, you can secure the affordable, quality coverage you deserve.

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Why Get Car Insurance In Nova Scotia?

Getting car insurance is an essential part of owning and operating a vehicle in Nova Scotia. Here are some of the key reasons why drivers in the province need coverage: 

It’s required by law – Like all provinces in Canada, Nova Scotia mandates minimum auto insurance coverage under the Motor Vehicle Act. Driving uninsured can lead to fines, driver’s license suspension, and vehicle impoundment. Having at least basic coverage is critical.

Benefits of having coverage – Car insurance provides vital financial protection in the event of an at-fault collision, damage to your vehicle, theft, vandalism, and more. It covers injury claims, car repairs, and other losses. Without coverage, you could be responsible for high out-of-pocket costs.

Risks of driving uninsured – An accident while uninsured could leave you with massive expenses, lawsuits, and other serious consequences. You could be sued directly by other parties and be fully responsible for damages. Car insurance helps shield you from potentially catastrophic scenarios.

 

Average Car Insurance Rates In Nova Scotia

Nova Scotia drivers enjoy some of the most affordable car insurance rates in Canada. The average annual car insurance premium in Nova Scotia is $891, which is well below the national average of $1,316.

Compared to other provinces, Nova Scotia has the 4th lowest average car insurance rates in the country. Only Quebec ($642), New Brunswick ($685) and Prince Edward Island ($788) have cheaper average premiums than Nova Scotia.

However, insurance rates can vary significantly within Nova Scotia depending on which city you live in. The most expensive cities for car insurance in the province are Halifax at $1,629 per year and Cape Breton at $1,697 per year. On the other hand, the cheapest cities are Antigonish at $580 per year and Amherst at $685 annually.

So while Nova Scotia enjoys relatively low car insurance rates overall, where you live in the province can make a big impact on what you’ll pay. Always get quotes tailored to your specific city or town when shopping for coverage.

 

What Factors Determine Your Car Insurance Premiums?

There are a number of factors that insurance companies in Nova Scotia use to determine your auto insurance premiums. These include:

 

Driver’s Age

Younger drivers are generally considered higher risk and tend to pay more for car insurance. Teen drivers usually have the highest premiums, while more experienced drivers over age 25 or 30 tend to pay less.

 

Driving Record

Your driving history is a major factor in your premiums. Drivers with past accidents, traffic violations or suspensions will pay much higher rates than those with a clean record.

 

Type of Vehicle

The make, model, age and value of your vehicle impacts your insurance costs. Sports cars, high-end luxury vehicles and specialty trucks usually cost more to insure than basic family sedans.

 

Coverage Limits and Deductibles

The amount of insurance coverage you choose, including liability limits and deductibles, has a direct effect on your premiums. Higher limits and lower deductibles mean higher rates.

 

Where You Live

Insurance rates can vary widely depending on where in Nova Scotia you live. Urban areas like Halifax tend to have higher premiums than rural communities.

 

Discounts Available

Most insurers offer discounts that can help lower your premiums, such as for packaging home and auto policies, maintaining a good driving record, completing a driver training course, and more.

 

Required Minimum Coverage in Nova Scotia

In Nova Scotia, drivers are required by law to carry a minimum level of car insurance coverage. This mandatory minimum coverage includes:

 

Third-Party Liability

Third-party liability coverage protects you if you are found legally liable for injuries or property damage caused to another person in an at-fault accident. It will pay for the other person’s medical bills, lost income, and car repairs up to the limits of your policy. The minimum required in Nova Scotia is:

 

  • $500,000 for claims due to bodily injury or death to any one person
  • $500,000 total limit for all claims arising from any one accident
  • $200,000 minimum for claims due to property damage

 

Accident Benefits

Accident benefits coverage provides protection for you and your passengers’ medical expenses and income loss if injured in an accident, regardless of fault. The minimum required in Nova Scotia includes:

 

  • Up to $25,000 for medical and rehabilitation benefits
  • Up to $140 per week for income replacement benefits

 

Uninsured/Underinsured Motorist Protection

This coverage protects you if you are involved in a collision with a driver who has no insurance or not enough insurance to cover your losses. The minimum required in Nova Scotia is $500,000.

 

Top Car Insurance Providers In Nova Scotia

When shopping for car insurance in Nova Scotia, it’s important to get quotes from multiple providers to find the best rate. Here are some of the top car insurance companies in Nova Scotia to consider:

 

TD Insurance

As one of the largest insurance providers in Canada, TD Insurance offers a range of coverage options and discounts in Nova Scotia. They have an A+ rating from AM Best and provide 24/7 claims service.

 

Intact Insurance

Intact Insurance is one of the largest property and casualty insurers in Canada. They offer usage-based insurance options in Nova Scotia to help lower premiums for safe drivers. Intact has an AM Best rating of A+.

 

Wawanesa

Wawanesa is a Canadian mutual company providing auto insurance in Nova Scotia for over 60 years. They offer discounts for insuring multiple policies and for completing a driver training course.

 

Aviva Canada

Aviva Canada provides coverage options like replacement cost coverage and accident forgiveness. They have an A+ rating from AM Best and offer 24/7 claims assistance.

 

The Cooperators

The Cooperators is one of the largest insurance providers in Nova Scotia. They offer multi-policy discounts, accident forgiveness, and have an A rating from AM Best.

 

How To Get The Best Car Insurance Rates In Nova Scotia

There are several things Nova Scotia drivers can do to get the most affordable car insurance rates:

 

Shop around and compare quotes

Getting quotes from multiple insurers is the best way to find the lowest rates. Compare quotes from at least 3-4 providers to see which offers the most coverage for your budget. You can use online comparison sites to get quick quotes.

 

Maintain a good credit score

Insurers often use your credit-based insurance score to determine premiums. Keeping your credit utilization low and making timely payments can result in lower rates.

 

Take advantage of discounts

Most insurers offer discounts for things like bundling home and auto insurance, insuring multiple vehicles, completing an accredited driving course, etc. Ask providers what discounts you may qualify for.

 

Consider usage-based insurance

Usage-based plans that track driving habits through telematics or an app can lead to significant discounts for safe drivers.

 

Raise deductibles cautiously

Opting for higher deductibles on collision and comprehensive coverage lowers premiums, but make sure you can afford the out-of-pocket costs in the event of a claim.

 

Factors That Increase Your Premiums

There are a few key factors that can raise your car insurance premiums in Nova Scotia. Being aware of these and taking steps to mitigate them can help you keep your rates low.

 

Poor driving record

Car insurance companies will look at your driving history when determining your rates. Tickets, at-fault accidents, and impaired driving convictions will cause your premiums to go up substantially. Maintaining a clean driving record with no infractions is the best way to avoid rate hikes.

 

Lapses in coverage

If you previously had car insurance but allowed your policy to lapse, insurers may consider you high-risk and charge you more. Maintaining continuous coverage, even if it’s just basic liability, can prevent gaps and keep your rates lower.

 

High-risk vehicle

Insurers classify some vehicles as high-risk due to factors like high theft rates or expensive repair costs. Sports cars, high-performance models, and luxury brands often have much higher premiums. Opting for a safer, more affordable vehicle can reduce your rates.

 

Poor credit score

In Nova Scotia, insurers are allowed to use your credit score as a rating factor. Those with poor credit tend to have higher premiums. Improving your credit score can potentially lower your rates over time.

 

High annual mileage

Drivers who rack up a lot of miles each year spend more time on the road, increasing their risk of being in an accident. Letting your insurer know if your mileage is lower than average can help reduce your premiums.

 

How To Reduce Your Car Insurance Costs

Here are some tips to help you reduce the amount you pay for car insurance in Nova Scotia:

 

Comparison Shop

Get quotes from at least three different insurance providers. This allows you to compare rates and ensure you’re getting the best deal.

 

Take a Defensive Driving Course

Completing an approved defensive driving course can earn you a discount on your premiums of up to 15% in Nova Scotia.

 

Increase Deductibles Cautiously

Raising your deductible – the amount you pay out-of-pocket before insurance kicks in – lowers your premiums. But don’t raise it so high you can’t afford your portion of the claim.

 

Ask About Discounts

Inquire with your insurance provider about discounts you may qualify for, like bundling home and auto policies or being claims-free.

 

Consider Usage-Based Insurance

With UBI, your premiums are based on driving habits monitored by a device installed in your vehicle. Safe driving means lower rates.

 

Maintain Good Credit

Insurers view drivers with poor credit as higher risk. Keeping your credit score high can mean lower premiums.

 

Reduce Coverage on Older Vehicles

Removing collision and comprehensive coverage for older cars often makes sense. Liability coverage remains important no matter the car’s age.

 

Tips For Filing A Car Insurance Claim In Nova Scotia

Filing an auto insurance claim doesn’t have to be a hassle if you follow these tips:

 

Contact your provider promptly

After an accident, contact your insurance provider right away to start a claim. Provide details of what happened and follow any instructions they give you.

 

Take photos of the damage

Use your smartphone to take clear photos of all vehicle damage and the accident scene. This creates a visual record for the claims adjuster.

 

Get an estimate for repairs

Get a written estimate for repairs from a licensed auto body shop. Submit this with your claim to help justify the amount you are seeking.

 

Keep records of expenses

Retain receipts for car repairs, towing, rental cars and any other out-of-pocket expenses related to the accident. Your provider will reimburse valid costs.

 

Communicate clearly with the adjuster

Work cooperatively with the claims adjuster and provide them with all necessary documents. Be responsive to their requests and questions to settle the claim fairly.

 

Final Takeaways

As a car owner in Nova Scotia getting the right car insurance is extremely important. However, with dozens of providers offering hundreds of options, the process can also feel overwhelming. Here are a few key takeaways to remember:

Shop around – Take the time to get quotes from as many providers as possible. No two insurance companies will offer the exact same rate, so shopping around is the only way to find the best deal.

Understand the coverage – Make sure you have a clear understanding of what coverage options you need for your specific situation. Buying more than you need is a waste of money.

Consider usage and driving history – Your rates will be heavily influenced by how much you drive and your driving record. Maintaining a clean record and low mileage can save you substantially.

Bundle policies – You can often get a discount by bundling multiple insurance policies from the same provider, such as home and auto insurance.

Take advantage of discounts – Most providers offer a wide range of discounts, such as for completing a defensive driving course, insuring multiple vehicles, etc. Be sure to inquire about any discounts you may qualify for.

Review annually – Shop around for quotes every year before renewal, as new discounts or rate changes may have occurred.

Carrying proper insurance is not just legally required, but also protects you financially in the event of an accident or theft. Take the time to understand the Nova Scotia car insurance system and shop carefully, and you can obtain the coverage you need at the best available rate.

Nova Scotia Car Insurance Questions

The average annual car insurance premium in Nova Scotia is about $820, making it one of the most affordable provinces for auto insurance in Canada. However, rates can vary widely depending on your location, driving record, vehicle, and other factors. For example, car insurance costs significantly more in Halifax ($1,629 per year) and Cape Breton ($1,697 per year) than other parts of the province.

By law, all drivers in Nova Scotia must carry at least $500,000 in third-party liability coverage, $25,000 in accident benefits coverage, and $250,000 in uninsured or unidentified motorist coverage. This mandatory minimum car insurance protects you if you cause an accident that injures others or damages their property, covers your medical and rehabilitation costs if you’re injured in a collision, and provides compensation if you’re hit by an uninsured or unidentified at-fault driver.

Your age, gender, driving experience, vehicle, where you live, driving record, insurance history, the type and amount of coverage you choose, and other risk factors determine your auto insurance costs. Rates tend to be highest for young drivers under 25, drivers with tickets or accidents on record, those insuring high-value luxury vehicles, and those living in major cities like Halifax. Maintaining a clean record over time can significantly reduce premiums.

Tips to reduce your auto insurance costs include choosing higher deductibles, bundling your home and car policies, asking for discounts, driving safely to maintain a clean record over time, comparing rates regularly, limiting coverage to mandatory minimums if you have an older vehicle, installing anti-theft devices, and, for young drivers, completing an approved driver training course and listing parents on the policy.

Some of the major insurance providers offering car insurance in Nova Scotia include Intact Insurance, Aviva, RSA/Johnson, Wawanesa, Travelers Canada, TD Insurance, AXA XL, Belairdirect, COSECO, The Cooperators, and Economical Insurance. It’s a good idea to compare quotes from both national companies and local brokers.

Yes, you can often save money by bundling your home and auto insurance policies with the same provider in Nova Scotia. Most insurers offer a multi-line discount of up to 15% off your total premium when you bundle home and car coverage. This incentive applies to new policies and renewals.

While basic third-party liability and accident benefits coverage meets Nova Scotia’s auto insurance requirements, it may make sense for many drivers to add comprehensive and collision coverage too. Comprehensive protects against non-collision damage from vandalism, theft, fire, flood, wind, and animal collisions, while collision covers your own vehicle repairs when you’re at fault for an accident. Without these coverages, you’d have to pay all related repair and replacement costs out of pocket.

Yes. The best ways for drivers under 25 to save on car insurance are to ask about discounts for good grades, complete an approved driver education or training course, avoid tickets or accidents to maintain a clean driving record over time, have parents or guardians listed on the policy as principal operators if possible, choose an older vehicle with basic coverage, increase deductibles, and compare quotes from various providers regularly as you gain more experience behind the wheel.

As a new immigrant to Nova Scotia, you can expect to pay higher auto insurance premiums initially compared to a longtime resident with an established Canadian driving history. Average annual rates for new immigrants range from $1,500 to $2,500 a year. Over a few years, maintaining a clean record should help reduce your car insurance costs. Talk to your insurance broker about whether you qualify for any new immigrant or foreign driver discounts.

When applying for auto insurance coverage, you’ll need to provide your Nova Scotia driver’s license number, vehicle details (year, make, model), proof of purchase if insuring a newly acquired used vehicle, your previous insurance slips or records if transferring a policy, safety inspection certificates, any available driving history records, and confirmation of eligibility discounts you qualify for, such as those for winter tires, vehicle storage, completing driver training programs, etc.

Legally, all drivers must carry valid local car insurance when operating a vehicle in Nova Scotia for more than 30 days per year, regardless of their home province. So if you permanently reside in Nova Scotia or drive here for an extended time, you need to switch your policy to a Nova Scotia auto insurance provider. Short term visitors may qualify for travel insurance or a non-resident inter-provincial motor vehicle liability card to drive legally for up to 30 days.

Driving in Nova Scotia at any time without valid third-party liability coverage and other mandatory minimum auto insurance is illegal. The penalties if caught for the first time driving uninsured include fines from $2,500 up to $10,000 plus vehicle impoundment fees, 6 demerit points applied to your license, and license suspension for 1 to 3 months. Jail time is also a possibility for repeat offenders.

By law, new residents who move to Nova Scotia from another province have 90 days to switch their out-of-province car insurance policy to a Nova Scotia-based insurance provider after settling here. So you have up to 90 days to obtain quotes, purchase local coverage, and register your vehicle in Nova Scotia. Your new policy must meet or exceed Nova Scotia’s mandatory minimum auto insurance requirements.

The easiest way to compare the most car insurance rates in Nova Scotia is to use an online insurance marketplace or comparison platform like Kanetix, RatesDotCa, LowestRates.ca, InsurEye, Greedyrates, or HelloSafe. You simply enter your details once, and these sites provide quotes from up to a dozen top providers in just minutes so you find the best rate.

Common auto insurance discounts offered by insurers in Nova Scotia include multi-vehicle, multi-policy, winter tire, anti-theft device, vehicle storage, good student, driver training course graduate, group/affinity, accident-free record, safe driving/years licensed, and more. Make sure to ask your broker which discounts may apply to help you save the most money possible.

The Facility Association provides high-risk car insurance as an insurer of last resort in Nova Scotia’s regulated insurance system. Higher premiums through Facility Association help subsidize insurance costs for safe drivers. If regular insurers deem you too high-risk to insure, Facility Association ensures you can still obtain necessary coverage.

In late 2022, Nova Scotia launched public consultations around implementing a series of auto insurance reforms informed by EY Canada recommendations, including introducing industry-wide affordability targets, changing regulations to enable modernization and innovation, mandating usage-based insurance offering as an option, and creating an independent rate regulation board to enhance fairness, transparency and stability in pricing. Reforms aim to balance affordability and sustainability while protecting accident victims.

The proposed Nova Scotia car insurance reforms seek to stabilize rising premiums, improve choice and availability of coverage options, drive competition and innovation in the marketplace, establish more independent oversight into pricing decisions, and introduce more usage and behavior-based pricing alternatives over time. If approved, average drivers could see some cost relief from recent increases within a few years while still maintaining necessary protection.

The Nova Scotia Superintendent of Insurance, part of the provincial Finance and Treasury Board department, oversees the general insurance industry, including licensing insurers and brokers, monitoring solvency, reviewing rates, ensuring market conduct standards are upheld, and protecting policyholders. The Superintendent aims to maintain a sustainable, competitive private insurance marketplace that meets drivers’ mandatory coverage needs.

 

Why Get Car Insurance In Nova Scotia?

Getting car insurance is an essential part of owning and operating a vehicle in Nova Scotia. Here are some of the key reasons why drivers in the province need coverage: 

It’s required by law – Like all provinces in Canada, Nova Scotia mandates minimum auto insurance coverage under the Motor Vehicle Act. Driving uninsured can lead to fines, driver’s license suspension, and vehicle impoundment. Having at least basic coverage is critical.

Benefits of having coverage – Car insurance provides vital financial protection in the event of an at-fault collision, damage to your vehicle, theft, vandalism, and more. It covers injury claims, car repairs, and other losses. Without coverage, you could be responsible for high out-of-pocket costs.

Risks of driving uninsured – An accident while uninsured could leave you with massive expenses, lawsuits, and other serious consequences. You could be sued directly by other parties and be fully responsible for damages. Car insurance helps shield you from potentially catastrophic scenarios.

 

Average Car Insurance Rates In Nova Scotia

Nova Scotia drivers enjoy some of the most affordable car insurance rates in Canada. The average annual car insurance premium in Nova Scotia is $891, which is well below the national average of $1,316.

Compared to other provinces, Nova Scotia has the 4th lowest average car insurance rates in the country. Only Quebec ($642), New Brunswick ($685) and Prince Edward Island ($788) have cheaper average premiums than Nova Scotia.

However, insurance rates can vary significantly within Nova Scotia depending on which city you live in. The most expensive cities for car insurance in the province are Halifax at $1,629 per year and Cape Breton at $1,697 per year. On the other hand, the cheapest cities are Antigonish at $580 per year and Amherst at $685 annually.

So while Nova Scotia enjoys relatively low car insurance rates overall, where you live in the province can make a big impact on what you’ll pay. Always get quotes tailored to your specific city or town when shopping for coverage.

 

What Factors Determine Your Car Insurance Premiums?

There are a number of factors that insurance companies in Nova Scotia use to determine your auto insurance premiums. These include:

 

Driver’s Age

Younger drivers are generally considered higher risk and tend to pay more for car insurance. Teen drivers usually have the highest premiums, while more experienced drivers over age 25 or 30 tend to pay less.

 

Driving Record

Your driving history is a major factor in your premiums. Drivers with past accidents, traffic violations or suspensions will pay much higher rates than those with a clean record.

 

Type of Vehicle

The make, model, age and value of your vehicle impacts your insurance costs. Sports cars, high-end luxury vehicles and specialty trucks usually cost more to insure than basic family sedans.

 

Coverage Limits and Deductibles

The amount of insurance coverage you choose, including liability limits and deductibles, has a direct effect on your premiums. Higher limits and lower deductibles mean higher rates.

 

Where You Live

Insurance rates can vary widely depending on where in Nova Scotia you live. Urban areas like Halifax tend to have higher premiums than rural communities.

 

Discounts Available

Most insurers offer discounts that can help lower your premiums, such as for packaging home and auto policies, maintaining a good driving record, completing a driver training course, and more.

 

Required Minimum Coverage in Nova Scotia

In Nova Scotia, drivers are required by law to carry a minimum level of car insurance coverage. This mandatory minimum coverage includes:

 

Third-Party Liability

Third-party liability coverage protects you if you are found legally liable for injuries or property damage caused to another person in an at-fault accident. It will pay for the other person’s medical bills, lost income, and car repairs up to the limits of your policy. The minimum required in Nova Scotia is:

 

  • $500,000 for claims due to bodily injury or death to any one person
  • $500,000 total limit for all claims arising from any one accident
  • $200,000 minimum for claims due to property damage

 

Accident Benefits

Accident benefits coverage provides protection for you and your passengers’ medical expenses and income loss if injured in an accident, regardless of fault. The minimum required in Nova Scotia includes:

 

  • Up to $25,000 for medical and rehabilitation benefits
  • Up to $140 per week for income replacement benefits

 

Uninsured/Underinsured Motorist Protection

This coverage protects you if you are involved in a collision with a driver who has no insurance or not enough insurance to cover your losses. The minimum required in Nova Scotia is $500,000.

 

Top Car Insurance Providers In Nova Scotia

When shopping for car insurance in Nova Scotia, it’s important to get quotes from multiple providers to find the best rate. Here are some of the top car insurance companies in Nova Scotia to consider:

 

TD Insurance

As one of the largest insurance providers in Canada, TD Insurance offers a range of coverage options and discounts in Nova Scotia. They have an A+ rating from AM Best and provide 24/7 claims service.

 

Intact Insurance

Intact Insurance is one of the largest property and casualty insurers in Canada. They offer usage-based insurance options in Nova Scotia to help lower premiums for safe drivers. Intact has an AM Best rating of A+.

 

Wawanesa

Wawanesa is a Canadian mutual company providing auto insurance in Nova Scotia for over 60 years. They offer discounts for insuring multiple policies and for completing a driver training course.

 

Aviva Canada

Aviva Canada provides coverage options like replacement cost coverage and accident forgiveness. They have an A+ rating from AM Best and offer 24/7 claims assistance.

 

The Cooperators

The Cooperators is one of the largest insurance providers in Nova Scotia. They offer multi-policy discounts, accident forgiveness, and have an A rating from AM Best.

 

How To Get The Best Car Insurance Rates In Nova Scotia

There are several things Nova Scotia drivers can do to get the most affordable car insurance rates:

 

Shop around and compare quotes

Getting quotes from multiple insurers is the best way to find the lowest rates. Compare quotes from at least 3-4 providers to see which offers the most coverage for your budget. You can use online comparison sites to get quick quotes.

 

Maintain a good credit score

Insurers often use your credit-based insurance score to determine premiums. Keeping your credit utilization low and making timely payments can result in lower rates.

 

Take advantage of discounts

Most insurers offer discounts for things like bundling home and auto insurance, insuring multiple vehicles, completing an accredited driving course, etc. Ask providers what discounts you may qualify for.

 

Consider usage-based insurance

Usage-based plans that track driving habits through telematics or an app can lead to significant discounts for safe drivers.

 

Raise deductibles cautiously

Opting for higher deductibles on collision and comprehensive coverage lowers premiums, but make sure you can afford the out-of-pocket costs in the event of a claim.

 

Factors That Increase Your Premiums

There are a few key factors that can raise your car insurance premiums in Nova Scotia. Being aware of these and taking steps to mitigate them can help you keep your rates low.

 

Poor driving record

Car insurance companies will look at your driving history when determining your rates. Tickets, at-fault accidents, and impaired driving convictions will cause your premiums to go up substantially. Maintaining a clean driving record with no infractions is the best way to avoid rate hikes.

 

Lapses in coverage

If you previously had car insurance but allowed your policy to lapse, insurers may consider you high-risk and charge you more. Maintaining continuous coverage, even if it’s just basic liability, can prevent gaps and keep your rates lower.

 

High-risk vehicle

Insurers classify some vehicles as high-risk due to factors like high theft rates or expensive repair costs. Sports cars, high-performance models, and luxury brands often have much higher premiums. Opting for a safer, more affordable vehicle can reduce your rates.

 

Poor credit score

In Nova Scotia, insurers are allowed to use your credit score as a rating factor. Those with poor credit tend to have higher premiums. Improving your credit score can potentially lower your rates over time.

 

High annual mileage

Drivers who rack up a lot of miles each year spend more time on the road, increasing their risk of being in an accident. Letting your insurer know if your mileage is lower than average can help reduce your premiums.

 

How To Reduce Your Car Insurance Costs

Here are some tips to help you reduce the amount you pay for car insurance in Nova Scotia:

 

Comparison Shop

Get quotes from at least three different insurance providers. This allows you to compare rates and ensure you’re getting the best deal.

 

Take a Defensive Driving Course

Completing an approved defensive driving course can earn you a discount on your premiums of up to 15% in Nova Scotia.

 

Increase Deductibles Cautiously

Raising your deductible – the amount you pay out-of-pocket before insurance kicks in – lowers your premiums. But don’t raise it so high you can’t afford your portion of the claim.

 

Ask About Discounts

Inquire with your insurance provider about discounts you may qualify for, like bundling home and auto policies or being claims-free.

 

Consider Usage-Based Insurance

With UBI, your premiums are based on driving habits monitored by a device installed in your vehicle. Safe driving means lower rates.

 

Maintain Good Credit

Insurers view drivers with poor credit as higher risk. Keeping your credit score high can mean lower premiums.

 

Reduce Coverage on Older Vehicles

Removing collision and comprehensive coverage for older cars often makes sense. Liability coverage remains important no matter the car’s age.

 

Tips For Filing A Car Insurance Claim In Nova Scotia

Filing an auto insurance claim doesn’t have to be a hassle if you follow these tips:

 

Contact your provider promptly

After an accident, contact your insurance provider right away to start a claim. Provide details of what happened and follow any instructions they give you.

 

Take photos of the damage

Use your smartphone to take clear photos of all vehicle damage and the accident scene. This creates a visual record for the claims adjuster.

 

Get an estimate for repairs

Get a written estimate for repairs from a licensed auto body shop. Submit this with your claim to help justify the amount you are seeking.

 

Keep records of expenses

Retain receipts for car repairs, towing, rental cars and any other out-of-pocket expenses related to the accident. Your provider will reimburse valid costs.

 

Communicate clearly with the adjuster

Work cooperatively with the claims adjuster and provide them with all necessary documents. Be responsive to their requests and questions to settle the claim fairly.

 

Final Takeaways

As a car owner in Nova Scotia getting the right car insurance is extremely important. However, with dozens of providers offering hundreds of options, the process can also feel overwhelming. Here are a few key takeaways to remember:

Shop around – Take the time to get quotes from as many providers as possible. No two insurance companies will offer the exact same rate, so shopping around is the only way to find the best deal.

Understand the coverage – Make sure you have a clear understanding of what coverage options you need for your specific situation. Buying more than you need is a waste of money.

Consider usage and driving history – Your rates will be heavily influenced by how much you drive and your driving record. Maintaining a clean record and low mileage can save you substantially.

Bundle policies – You can often get a discount by bundling multiple insurance policies from the same provider, such as home and auto insurance.

Take advantage of discounts – Most providers offer a wide range of discounts, such as for completing a defensive driving course, insuring multiple vehicles, etc. Be sure to inquire about any discounts you may qualify for.

Review annually – Shop around for quotes every year before renewal, as new discounts or rate changes may have occurred.

Carrying proper insurance is not just legally required, but also protects you financially in the event of an accident or theft. Take the time to understand the Nova Scotia car insurance system and shop carefully, and you can obtain the coverage you need at the best available rate.

Nova Scotia Car Insurance Questions

The average annual car insurance premium in Nova Scotia is about $820, making it one of the most affordable provinces for auto insurance in Canada. However, rates can vary widely depending on your location, driving record, vehicle, and other factors. For example, car insurance costs significantly more in Halifax ($1,629 per year) and Cape Breton ($1,697 per year) than other parts of the province.

By law, all drivers in Nova Scotia must carry at least $500,000 in third-party liability coverage, $25,000 in accident benefits coverage, and $250,000 in uninsured or unidentified motorist coverage. This mandatory minimum car insurance protects you if you cause an accident that injures others or damages their property, covers your medical and rehabilitation costs if you’re injured in a collision, and provides compensation if you’re hit by an uninsured or unidentified at-fault driver.

Your age, gender, driving experience, vehicle, where you live, driving record, insurance history, the type and amount of coverage you choose, and other risk factors determine your auto insurance costs. Rates tend to be highest for young drivers under 25, drivers with tickets or accidents on record, those insuring high-value luxury vehicles, and those living in major cities like Halifax. Maintaining a clean record over time can significantly reduce premiums.

Tips to reduce your auto insurance costs include choosing higher deductibles, bundling your home and car policies, asking for discounts, driving safely to maintain a clean record over time, comparing rates regularly, limiting coverage to mandatory minimums if you have an older vehicle, installing anti-theft devices, and, for young drivers, completing an approved driver training course and listing parents on the policy.

Some of the major insurance providers offering car insurance in Nova Scotia include Intact Insurance, Aviva, RSA/Johnson, Wawanesa, Travelers Canada, TD Insurance, AXA XL, Belairdirect, COSECO, The Cooperators, and Economical Insurance. It’s a good idea to compare quotes from both national companies and local brokers.

Yes, you can often save money by bundling your home and auto insurance policies with the same provider in Nova Scotia. Most insurers offer a multi-line discount of up to 15% off your total premium when you bundle home and car coverage. This incentive applies to new policies and renewals.

While basic third-party liability and accident benefits coverage meets Nova Scotia’s auto insurance requirements, it may make sense for many drivers to add comprehensive and collision coverage too. Comprehensive protects against non-collision damage from vandalism, theft, fire, flood, wind, and animal collisions, while collision covers your own vehicle repairs when you’re at fault for an accident. Without these coverages, you’d have to pay all related repair and replacement costs out of pocket.

Yes. The best ways for drivers under 25 to save on car insurance are to ask about discounts for good grades, complete an approved driver education or training course, avoid tickets or accidents to maintain a clean driving record over time, have parents or guardians listed on the policy as principal operators if possible, choose an older vehicle with basic coverage, increase deductibles, and compare quotes from various providers regularly as you gain more experience behind the wheel.

As a new immigrant to Nova Scotia, you can expect to pay higher auto insurance premiums initially compared to a longtime resident with an established Canadian driving history. Average annual rates for new immigrants range from $1,500 to $2,500 a year. Over a few years, maintaining a clean record should help reduce your car insurance costs. Talk to your insurance broker about whether you qualify for any new immigrant or foreign driver discounts.

When applying for auto insurance coverage, you’ll need to provide your Nova Scotia driver’s license number, vehicle details (year, make, model), proof of purchase if insuring a newly acquired used vehicle, your previous insurance slips or records if transferring a policy, safety inspection certificates, any available driving history records, and confirmation of eligibility discounts you qualify for, such as those for winter tires, vehicle storage, completing driver training programs, etc.

Legally, all drivers must carry valid local car insurance when operating a vehicle in Nova Scotia for more than 30 days per year, regardless of their home province. So if you permanently reside in Nova Scotia or drive here for an extended time, you need to switch your policy to a Nova Scotia auto insurance provider. Short term visitors may qualify for travel insurance or a non-resident inter-provincial motor vehicle liability card to drive legally for up to 30 days.

Driving in Nova Scotia at any time without valid third-party liability coverage and other mandatory minimum auto insurance is illegal. The penalties if caught for the first time driving uninsured include fines from $2,500 up to $10,000 plus vehicle impoundment fees, 6 demerit points applied to your license, and license suspension for 1 to 3 months. Jail time is also a possibility for repeat offenders.

By law, new residents who move to Nova Scotia from another province have 90 days to switch their out-of-province car insurance policy to a Nova Scotia-based insurance provider after settling here. So you have up to 90 days to obtain quotes, purchase local coverage, and register your vehicle in Nova Scotia. Your new policy must meet or exceed Nova Scotia’s mandatory minimum auto insurance requirements.

The easiest way to compare the most car insurance rates in Nova Scotia is to use an online insurance marketplace or comparison platform like Kanetix, RatesDotCa, LowestRates.ca, InsurEye, Greedyrates, or HelloSafe. You simply enter your details once, and these sites provide quotes from up to a dozen top providers in just minutes so you find the best rate.

Common auto insurance discounts offered by insurers in Nova Scotia include multi-vehicle, multi-policy, winter tire, anti-theft device, vehicle storage, good student, driver training course graduate, group/affinity, accident-free record, safe driving/years licensed, and more. Make sure to ask your broker which discounts may apply to help you save the most money possible.

The Facility Association provides high-risk car insurance as an insurer of last resort in Nova Scotia’s regulated insurance system. Higher premiums through Facility Association help subsidize insurance costs for safe drivers. If regular insurers deem you too high-risk to insure, Facility Association ensures you can still obtain necessary coverage.

In late 2022, Nova Scotia launched public consultations around implementing a series of auto insurance reforms informed by EY Canada recommendations, including introducing industry-wide affordability targets, changing regulations to enable modernization and innovation, mandating usage-based insurance offering as an option, and creating an independent rate regulation board to enhance fairness, transparency and stability in pricing. Reforms aim to balance affordability and sustainability while protecting accident victims.

The proposed Nova Scotia car insurance reforms seek to stabilize rising premiums, improve choice and availability of coverage options, drive competition and innovation in the marketplace, establish more independent oversight into pricing decisions, and introduce more usage and behavior-based pricing alternatives over time. If approved, average drivers could see some cost relief from recent increases within a few years while still maintaining necessary protection.

The Nova Scotia Superintendent of Insurance, part of the provincial Finance and Treasury Board department, oversees the general insurance industry, including licensing insurers and brokers, monitoring solvency, reviewing rates, ensuring market conduct standards are upheld, and protecting policyholders. The Superintendent aims to maintain a sustainable, competitive private insurance marketplace that meets drivers’ mandatory coverage needs.

 

Why Get Car Insurance In Nova Scotia?

Getting car insurance is an essential part of owning and operating a vehicle in Nova Scotia. Here are some of the key reasons why drivers in the province need coverage: 

It’s required by law – Like all provinces in Canada, Nova Scotia mandates minimum auto insurance coverage under the Motor Vehicle Act. Driving uninsured can lead to fines, driver’s license suspension, and vehicle impoundment. Having at least basic coverage is critical.

Benefits of having coverage – Car insurance provides vital financial protection in the event of an at-fault collision, damage to your vehicle, theft, vandalism, and more. It covers injury claims, car repairs, and other losses. Without coverage, you could be responsible for high out-of-pocket costs.

Risks of driving uninsured – An accident while uninsured could leave you with massive expenses, lawsuits, and other serious consequences. You could be sued directly by other parties and be fully responsible for damages. Car insurance helps shield you from potentially catastrophic scenarios.

 

Average Car Insurance Rates In Nova Scotia

Nova Scotia drivers enjoy some of the most affordable car insurance rates in Canada. The average annual car insurance premium in Nova Scotia is $891, which is well below the national average of $1,316.

Compared to other provinces, Nova Scotia has the 4th lowest average car insurance rates in the country. Only Quebec ($642), New Brunswick ($685) and Prince Edward Island ($788) have cheaper average premiums than Nova Scotia.

However, insurance rates can vary significantly within Nova Scotia depending on which city you live in. The most expensive cities for car insurance in the province are Halifax at $1,629 per year and Cape Breton at $1,697 per year. On the other hand, the cheapest cities are Antigonish at $580 per year and Amherst at $685 annually.

So while Nova Scotia enjoys relatively low car insurance rates overall, where you live in the province can make a big impact on what you’ll pay. Always get quotes tailored to your specific city or town when shopping for coverage.

 

What Factors Determine Your Car Insurance Premiums?

There are a number of factors that insurance companies in Nova Scotia use to determine your auto insurance premiums. These include:

 

Driver’s Age

Younger drivers are generally considered higher risk and tend to pay more for car insurance. Teen drivers usually have the highest premiums, while more experienced drivers over age 25 or 30 tend to pay less.

 

Driving Record

Your driving history is a major factor in your premiums. Drivers with past accidents, traffic violations or suspensions will pay much higher rates than those with a clean record.

 

Type of Vehicle

The make, model, age and value of your vehicle impacts your insurance costs. Sports cars, high-end luxury vehicles and specialty trucks usually cost more to insure than basic family sedans.

 

Coverage Limits and Deductibles

The amount of insurance coverage you choose, including liability limits and deductibles, has a direct effect on your premiums. Higher limits and lower deductibles mean higher rates.

 

Where You Live

Insurance rates can vary widely depending on where in Nova Scotia you live. Urban areas like Halifax tend to have higher premiums than rural communities.

 

Discounts Available

Most insurers offer discounts that can help lower your premiums, such as for packaging home and auto policies, maintaining a good driving record, completing a driver training course, and more.

 

Required Minimum Coverage in Nova Scotia

In Nova Scotia, drivers are required by law to carry a minimum level of car insurance coverage. This mandatory minimum coverage includes:

 

Third-Party Liability

Third-party liability coverage protects you if you are found legally liable for injuries or property damage caused to another person in an at-fault accident. It will pay for the other person’s medical bills, lost income, and car repairs up to the limits of your policy. The minimum required in Nova Scotia is:

 

  • $500,000 for claims due to bodily injury or death to any one person
  • $500,000 total limit for all claims arising from any one accident
  • $200,000 minimum for claims due to property damage

 

Accident Benefits

Accident benefits coverage provides protection for you and your passengers’ medical expenses and income loss if injured in an accident, regardless of fault. The minimum required in Nova Scotia includes:

 

  • Up to $25,000 for medical and rehabilitation benefits
  • Up to $140 per week for income replacement benefits

 

Uninsured/Underinsured Motorist Protection

This coverage protects you if you are involved in a collision with a driver who has no insurance or not enough insurance to cover your losses. The minimum required in Nova Scotia is $500,000.

 

Top Car Insurance Providers In Nova Scotia

When shopping for car insurance in Nova Scotia, it’s important to get quotes from multiple providers to find the best rate. Here are some of the top car insurance companies in Nova Scotia to consider:

 

TD Insurance

As one of the largest insurance providers in Canada, TD Insurance offers a range of coverage options and discounts in Nova Scotia. They have an A+ rating from AM Best and provide 24/7 claims service.

 

Intact Insurance

Intact Insurance is one of the largest property and casualty insurers in Canada. They offer usage-based insurance options in Nova Scotia to help lower premiums for safe drivers. Intact has an AM Best rating of A+.

 

Wawanesa

Wawanesa is a Canadian mutual company providing auto insurance in Nova Scotia for over 60 years. They offer discounts for insuring multiple policies and for completing a driver training course.

 

Aviva Canada

Aviva Canada provides coverage options like replacement cost coverage and accident forgiveness. They have an A+ rating from AM Best and offer 24/7 claims assistance.

 

The Cooperators

The Cooperators is one of the largest insurance providers in Nova Scotia. They offer multi-policy discounts, accident forgiveness, and have an A rating from AM Best.

 

How To Get The Best Car Insurance Rates In Nova Scotia

There are several things Nova Scotia drivers can do to get the most affordable car insurance rates:

 

Shop around and compare quotes

Getting quotes from multiple insurers is the best way to find the lowest rates. Compare quotes from at least 3-4 providers to see which offers the most coverage for your budget. You can use online comparison sites to get quick quotes.

 

Maintain a good credit score

Insurers often use your credit-based insurance score to determine premiums. Keeping your credit utilization low and making timely payments can result in lower rates.

 

Take advantage of discounts

Most insurers offer discounts for things like bundling home and auto insurance, insuring multiple vehicles, completing an accredited driving course, etc. Ask providers what discounts you may qualify for.

 

Consider usage-based insurance

Usage-based plans that track driving habits through telematics or an app can lead to significant discounts for safe drivers.

 

Raise deductibles cautiously

Opting for higher deductibles on collision and comprehensive coverage lowers premiums, but make sure you can afford the out-of-pocket costs in the event of a claim.

 

Factors That Increase Your Premiums

There are a few key factors that can raise your car insurance premiums in Nova Scotia. Being aware of these and taking steps to mitigate them can help you keep your rates low.

 

Poor driving record

Car insurance companies will look at your driving history when determining your rates. Tickets, at-fault accidents, and impaired driving convictions will cause your premiums to go up substantially. Maintaining a clean driving record with no infractions is the best way to avoid rate hikes.

 

Lapses in coverage

If you previously had car insurance but allowed your policy to lapse, insurers may consider you high-risk and charge you more. Maintaining continuous coverage, even if it’s just basic liability, can prevent gaps and keep your rates lower.

 

High-risk vehicle

Insurers classify some vehicles as high-risk due to factors like high theft rates or expensive repair costs. Sports cars, high-performance models, and luxury brands often have much higher premiums. Opting for a safer, more affordable vehicle can reduce your rates.

 

Poor credit score

In Nova Scotia, insurers are allowed to use your credit score as a rating factor. Those with poor credit tend to have higher premiums. Improving your credit score can potentially lower your rates over time.

 

High annual mileage

Drivers who rack up a lot of miles each year spend more time on the road, increasing their risk of being in an accident. Letting your insurer know if your mileage is lower than average can help reduce your premiums.

 

How To Reduce Your Car Insurance Costs

Here are some tips to help you reduce the amount you pay for car insurance in Nova Scotia:

 

Comparison Shop

Get quotes from at least three different insurance providers. This allows you to compare rates and ensure you’re getting the best deal.

 

Take a Defensive Driving Course

Completing an approved defensive driving course can earn you a discount on your premiums of up to 15% in Nova Scotia.

 

Increase Deductibles Cautiously

Raising your deductible – the amount you pay out-of-pocket before insurance kicks in – lowers your premiums. But don’t raise it so high you can’t afford your portion of the claim.

 

Ask About Discounts

Inquire with your insurance provider about discounts you may qualify for, like bundling home and auto policies or being claims-free.

 

Consider Usage-Based Insurance

With UBI, your premiums are based on driving habits monitored by a device installed in your vehicle. Safe driving means lower rates.

 

Maintain Good Credit

Insurers view drivers with poor credit as higher risk. Keeping your credit score high can mean lower premiums.

 

Reduce Coverage on Older Vehicles

Removing collision and comprehensive coverage for older cars often makes sense. Liability coverage remains important no matter the car’s age.

 

Tips For Filing A Car Insurance Claim In Nova Scotia

Filing an auto insurance claim doesn’t have to be a hassle if you follow these tips:

 

Contact your provider promptly

After an accident, contact your insurance provider right away to start a claim. Provide details of what happened and follow any instructions they give you.

 

Take photos of the damage

Use your smartphone to take clear photos of all vehicle damage and the accident scene. This creates a visual record for the claims adjuster.

 

Get an estimate for repairs

Get a written estimate for repairs from a licensed auto body shop. Submit this with your claim to help justify the amount you are seeking.

 

Keep records of expenses

Retain receipts for car repairs, towing, rental cars and any other out-of-pocket expenses related to the accident. Your provider will reimburse valid costs.

 

Communicate clearly with the adjuster

Work cooperatively with the claims adjuster and provide them with all necessary documents. Be responsive to their requests and questions to settle the claim fairly.

 

Final Takeaways

As a car owner in Nova Scotia getting the right car insurance is extremely important. However, with dozens of providers offering hundreds of options, the process can also feel overwhelming. Here are a few key takeaways to remember:

Shop around – Take the time to get quotes from as many providers as possible. No two insurance companies will offer the exact same rate, so shopping around is the only way to find the best deal.

Understand the coverage – Make sure you have a clear understanding of what coverage options you need for your specific situation. Buying more than you need is a waste of money.

Consider usage and driving history – Your rates will be heavily influenced by how much you drive and your driving record. Maintaining a clean record and low mileage can save you substantially.

Bundle policies – You can often get a discount by bundling multiple insurance policies from the same provider, such as home and auto insurance.

Take advantage of discounts – Most providers offer a wide range of discounts, such as for completing a defensive driving course, insuring multiple vehicles, etc. Be sure to inquire about any discounts you may qualify for.

Review annually – Shop around for quotes every year before renewal, as new discounts or rate changes may have occurred.

Carrying proper insurance is not just legally required, but also protects you financially in the event of an accident or theft. Take the time to understand the Nova Scotia car insurance system and shop carefully, and you can obtain the coverage you need at the best available rate.

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Nova Scotia Car Insurance Questions

The average annual car insurance premium in Nova Scotia is about $820, making it one of the most affordable provinces for auto insurance in Canada. However, rates can vary widely depending on your location, driving record, vehicle, and other factors. For example, car insurance costs significantly more in Halifax ($1,629 per year) and Cape Breton ($1,697 per year) than other parts of the province.

By law, all drivers in Nova Scotia must carry at least $500,000 in third-party liability coverage, $25,000 in accident benefits coverage, and $250,000 in uninsured or unidentified motorist coverage. This mandatory minimum car insurance protects you if you cause an accident that injures others or damages their property, covers your medical and rehabilitation costs if you’re injured in a collision, and provides compensation if you’re hit by an uninsured or unidentified at-fault driver.

Your age, gender, driving experience, vehicle, where you live, driving record, insurance history, the type and amount of coverage you choose, and other risk factors determine your auto insurance costs. Rates tend to be highest for young drivers under 25, drivers with tickets or accidents on record, those insuring high-value luxury vehicles, and those living in major cities like Halifax. Maintaining a clean record over time can significantly reduce premiums.

Tips to reduce your auto insurance costs include choosing higher deductibles, bundling your home and car policies, asking for discounts, driving safely to maintain a clean record over time, comparing rates regularly, limiting coverage to mandatory minimums if you have an older vehicle, installing anti-theft devices, and, for young drivers, completing an approved driver training course and listing parents on the policy.

Some of the major insurance providers offering car insurance in Nova Scotia include Intact Insurance, Aviva, RSA/Johnson, Wawanesa, Travelers Canada, TD Insurance, AXA XL, Belairdirect, COSECO, The Cooperators, and Economical Insurance. It’s a good idea to compare quotes from both national companies and local brokers.

Yes, you can often save money by bundling your home and auto insurance policies with the same provider in Nova Scotia. Most insurers offer a multi-line discount of up to 15% off your total premium when you bundle home and car coverage. This incentive applies to new policies and renewals.

While basic third-party liability and accident benefits coverage meets Nova Scotia’s auto insurance requirements, it may make sense for many drivers to add comprehensive and collision coverage too. Comprehensive protects against non-collision damage from vandalism, theft, fire, flood, wind, and animal collisions, while collision covers your own vehicle repairs when you’re at fault for an accident. Without these coverages, you’d have to pay all related repair and replacement costs out of pocket.

Yes. The best ways for drivers under 25 to save on car insurance are to ask about discounts for good grades, complete an approved driver education or training course, avoid tickets or accidents to maintain a clean driving record over time, have parents or guardians listed on the policy as principal operators if possible, choose an older vehicle with basic coverage, increase deductibles, and compare quotes from various providers regularly as you gain more experience behind the wheel.

As a new immigrant to Nova Scotia, you can expect to pay higher auto insurance premiums initially compared to a longtime resident with an established Canadian driving history. Average annual rates for new immigrants range from $1,500 to $2,500 a year. Over a few years, maintaining a clean record should help reduce your car insurance costs. Talk to your insurance broker about whether you qualify for any new immigrant or foreign driver discounts.

When applying for auto insurance coverage, you’ll need to provide your Nova Scotia driver’s license number, vehicle details (year, make, model), proof of purchase if insuring a newly acquired used vehicle, your previous insurance slips or records if transferring a policy, safety inspection certificates, any available driving history records, and confirmation of eligibility discounts you qualify for, such as those for winter tires, vehicle storage, completing driver training programs, etc.

Legally, all drivers must carry valid local car insurance when operating a vehicle in Nova Scotia for more than 30 days per year, regardless of their home province. So if you permanently reside in Nova Scotia or drive here for an extended time, you need to switch your policy to a Nova Scotia auto insurance provider. Short term visitors may qualify for travel insurance or a non-resident inter-provincial motor vehicle liability card to drive legally for up to 30 days.

Driving in Nova Scotia at any time without valid third-party liability coverage and other mandatory minimum auto insurance is illegal. The penalties if caught for the first time driving uninsured include fines from $2,500 up to $10,000 plus vehicle impoundment fees, 6 demerit points applied to your license, and license suspension for 1 to 3 months. Jail time is also a possibility for repeat offenders.

By law, new residents who move to Nova Scotia from another province have 90 days to switch their out-of-province car insurance policy to a Nova Scotia-based insurance provider after settling here. So you have up to 90 days to obtain quotes, purchase local coverage, and register your vehicle in Nova Scotia. Your new policy must meet or exceed Nova Scotia’s mandatory minimum auto insurance requirements.

The easiest way to compare the most car insurance rates in Nova Scotia is to use an online insurance marketplace or comparison platform like Kanetix, RatesDotCa, LowestRates.ca, InsurEye, Greedyrates, or HelloSafe. You simply enter your details once, and these sites provide quotes from up to a dozen top providers in just minutes so you find the best rate.

Common auto insurance discounts offered by insurers in Nova Scotia include multi-vehicle, multi-policy, winter tire, anti-theft device, vehicle storage, good student, driver training course graduate, group/affinity, accident-free record, safe driving/years licensed, and more. Make sure to ask your broker which discounts may apply to help you save the most money possible.

The Facility Association provides high-risk car insurance as an insurer of last resort in Nova Scotia’s regulated insurance system. Higher premiums through Facility Association help subsidize insurance costs for safe drivers. If regular insurers deem you too high-risk to insure, Facility Association ensures you can still obtain necessary coverage.

In late 2022, Nova Scotia launched public consultations around implementing a series of auto insurance reforms informed by EY Canada recommendations, including introducing industry-wide affordability targets, changing regulations to enable modernization and innovation, mandating usage-based insurance offering as an option, and creating an independent rate regulation board to enhance fairness, transparency and stability in pricing. Reforms aim to balance affordability and sustainability while protecting accident victims.

The proposed Nova Scotia car insurance reforms seek to stabilize rising premiums, improve choice and availability of coverage options, drive competition and innovation in the marketplace, establish more independent oversight into pricing decisions, and introduce more usage and behavior-based pricing alternatives over time. If approved, average drivers could see some cost relief from recent increases within a few years while still maintaining necessary protection.

The Nova Scotia Superintendent of Insurance, part of the provincial Finance and Treasury Board department, oversees the general insurance industry, including licensing insurers and brokers, monitoring solvency, reviewing rates, ensuring market conduct standards are upheld, and protecting policyholders. The Superintendent aims to maintain a sustainable, competitive private insurance marketplace that meets drivers’ mandatory coverage needs.

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