Yukon Auto Insurance

Yukon has a low auto insurance rate but auto insurance rates in the territory are going up recently. However, this does not depict the amount you pay on your auto coverage in the territory. It is recommended that you shop around before you choose any coverage to be sure that you get the cheapest and best auto coverage suitable for you.

To learn more about Yukon auto insurance, click here.

Yukon drivers are required to hold up to $200,000 in third-party liability insurance with property damage capped at $10,000 within this amount, up to $10,000 per person in medical coverage, up to $200,000 in hit-and-run coverage, $2,000 in funeral expense benefits, up to $300 per week in disability income coverage, and $2,000 per dependent or $10,000 for the head of the household in death benefits.

Yukon is one of the most affordable Canadian jurisdictions with an average auto insurance rate of $812. Although the rate is low, you can get an even lower rate by shopping around and comparing policy options from auto insurance companies in the province.

Yukon is the cheapest territory in Canada and one of the cheapest among the Canadian provinces and territory, costlier than Quebec and a few other provinces.

No single Yukon auto insurance company can be considered as the cheapest. The rate varies across auto insurers depending on the insurer’s claims experience and how you are rated. Varieties of factors also affect the amount you pay on your auto insurance policy as enumerated above. Irrespective of the rate offered by the insurer and how you are rated, you can reduce the amount you pay on Yukon auto insurance rate if you shop around for affordable coverage.

Your Yukon auto insurance policy is required to include third-party liability insurance coverage, medical coverage, hit-and-run coverage, funeral expense benefits, disability income at 80% of gross wage as well as death benefits. However, you have an option of adding additional or optional coverage to your policy.