Nunavut Auto Insurance

Recently, Nunavut auto insurance has been going high. However, the rate of increase over the years has been moderate.

To learn more about Nunavut auto insurance, click here.

Nunavut drivers are required to hold $200,000 in third-party liability insurance with property damage capped at $10,000 within this amount, medical coverage up to $25,000 per person, hit-and-run coverage up to $200,000, funeral expense benefits up to $1,000, disability income at 80% of gross wages up to $140 per week, and death benefits of $2,000 per dependent or $10,000 for the head of household or their spouse.

Nunavut is the seventh most expensive of the thirteen Canadian provinces and territories with an average auto insurance rate of $963 based on the 2017 report from the Insurance Bureau of Canada. But this is not a hard and fast rule because the amount you pay depends on various factors relating to you and the insurance company you choose. You can get more affordable coverage by shopping around for a more affordable auto insurer with respect to your coverage requirements.

Being the seventh most expensive jurisdiction in Canada by auto insurance, Nunavut has a cheaper average auto insurance when compared to British Columbia, Ontario, Alberta, Newfoundland and Labrador, Manitoba and Northwest Territories. However, its average auto insurance rate is costlier than that of Yukon, Nova Scotia, Saskatchewan, New Brunswick, Prince Edward Island and Quebec.

There is no cheapest auto insurance company in Nunavut. Auto insurance rate varies across auto insurance companies and depends on several factors such as how the auto insurance company rates you and their claims experience. But you can minimize the amount you spend on auto insurance by shopping around for cheaper coverage.

Nunavut drivers are required to have minimum mandatory auto insurance to drive in the territory. These include third-party liability insurance, medical coverage, hit-and-run coverage, death benefits, funeral expenses, and disability income at 80% of gross wages.