Protect Yourself in the Perfect Place To Live
Finding the perfect place to live can be a challenge, but not for the residents of Spruce Grove. There is a 3% population increase each year in the city, leading it to be the 12th highest-populated town in the province. Individuals from all over are settling down in this location which is rich in history and culture. Unfortunately, an increase in traffic congestion highlights the need for auto insurance in Spruce Grove.
While traffic is already a concern given Spruce Grove’s location within the metropolitan area of Edmonton, a continual influx of residents contributes to the liabilities of traveling along Highway 16 and within the city limits. An increased risk of accidents with property damage and bodily injuries is an expensive consequence of living in such a popular city.
What Influences Car Accidents in Spruce Grove?
In addition to congestion on the roadways from tourists, commuters and social traveling, Spruce Grove’s weather conditions create ideal conditions for accidents. Cloud coverage varies significantly by season, contributing to low lighting conditions, while slick roads in the winter are a concern. Recent statistics show an average of 132,000 collisions in the province each year due to snow, ice or slush conditions.
What Are the Protections of Auto Insurance in Spruce Grove?
Auto insurance is a way to protect yourself from the financial fallout of getting into an accident while traveling in or around Spruce Grove. Because of the devastating impact car accidents can have on residents, Alberta requires registered car owners to carry basic auto insurance with accident benefits and third-party liability. You can supplement your protections with collision and comprehensive coverage.
Accident Benefits
As a required coverage, this benefit will help cover the costs of any property damage or bodily injuries sustained in an accident. Some of the things this benefit will pay for include:
- Loss of income
- Caregiver expenses
- Medical treatment or rehabilitation costs
There are policy limits on the payout, which makes it important to consider your coverage options. With HUB, you can get an accurate quote on a policy in minutes.
Third-Party Liability
You may cause an accident, and your auto insurance in Spruce Grove needs to take care of your legal and financial liabilities. Third-party coverage addresses the other driver's losses, injuries and damages when you are at fault in an accident.
Collision Coverage
If you hit another vehicle, roll your vehicle over or hit an object, you could be left paying for the repair out of pocket. While not required, collision coverage takes care of the costs of replacing or repairing your vehicle. If you financed your vehicle, the lender may require this protection.
Comprehensive Coverage
There are unexpected situations that could leave your car damaged, like a fallen tree limb during a winter storm or an act of vandalism. Non-accident damage is covered through comprehensive coverage. Your policy will outline covered damages, but incidents often include fire, falling objects, theft, vandalism, windstorms, lightning and earthquakes.
Leased or financed vehicles tend to require both collision and comprehensive coverage. Lenders want to protect the vehicle that serves as collateral. Your policy will have coverage limits or a total amount the insurance will pay per covered situation. In many cases, increasing these limits gives you an extra financial cushion should something unexpected happen.