NWT Auto Insurance

Recently, Northwest Territories auto insurance premiums have been going up. However, the actual rate you pay still depends on the insurance company you choose. You have the option of shopping around and choosing the most affordable auto insurance company available to you.

To learn more about Northwest Territories auto insurance, click here.

Drivers in Northwest Territories are required to have up to $200,000 in third-party liability insurance, up to $25,000 per person in medical coverage, up to $200,000 in hit-and-run coverage, up to $1,000 in funeral expense benefits, up to $140 per week in disability income and up to $2,000 per dependent in death benefits.

Northwest Territories is the sixth costliest among the thirteen Canadian provinces and territories with an average auto insurance rate of $978 but it is the most expensive Canadian territory by auto insurance according to the Insurance Bureau of Canada, 2017 report.

Northwest Territories has an average auto insurance rate of $978. Its average auto insurance rate is below that of Canadian provinces such as Ontario, British Columbia, Alberta, Newfoundland and Labrador, and Manitoba. But above the rates of Nunavut, Yukon, Nova Scotia, Saskatchewan, New Brunswick, Prince Edward Island and Quebec.

No single Northwest Territories auto insurance company offers the cheapest or best auto insurance rate. The rate offered by a company depends on several factors but mostly on the company’s claims experiences and how you are rated. However, you have an option to shop around and to choose a more affordable policy to save on your coverage.

Your Northwest Territories basic auto insurance covers third-party liability insurance, medical coverage, hit-and-run coverage, funeral expense benefits, death benefits, and disability income but you can add additional coverage to your policy if you need more comprehensive coverage.