Now that you are driving on your own, you will need car insurance. Insurance will help pay for injuries and damage if you are in a crash.
Saving Money on Insurance
Risk of a crash is much higher for teen drivers, particularly during the first year of driving. So, your insurance rates usually cost more. Here are a few ways you can help your family save money:
- Drive carefully - crashes and tickets can cause insurance rates to increase
- Share vehicles – how you are classified (a main or occasional driver) will affect your insurance rate
- Consider vehicle type - the kind of car you drive can impact your insurance rate
- Partner with your parents – follow your parent-teen driving agreement
Insurance Requirements in BC
All licensed drivers in BC must have auto insurance. Basic auto insurance coverage includes up to:
- $150,000 for medical and rehabilitation costs for each injured person
- $200,000 for damages claimed by other drivers
- $1 million per person if the at-fault motorist is under-insured
Learn more about BCAA Auto Insurance.
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