Car Insurance In New Brunswick

Best Ways To Get Car Insurance In New Brunswick

Do you want to know how much is car insurance in New Brunswick and what are the mandatory car insurance coverages in New Brunswick?

New Brunswick auto insurance uses a no-fault system. No-fault means you only ever deal with your own insurance company for claims, not that you can’t be found at fault. 

New Brunswick car insurance is mandatory and provided by private insurance companies and brokers. It is regulated by the Financial and Consumer Services Commission.

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There are 4 mandatory coverages you need for New Brunswick car insurance by law, they include:

Third-party liability – covers you in case you injure someone or damage their property. 

Accident benefits – pays for injuries you sustain in a car crash. 

Uninsured motorist – pays for injuries you and your family sustain following a collision with an uninsured driver. 

DCPD – if you’re not at fault in a collision, this pays for repairs to your car. 

To get the best car insurance in New Brunswick, you can enhance your policy with optional coverages, such as: 

Collision insurance – pays to repair or replace your car if you’re at fault in a collision. 

Comprehensive insurance – protection against theft, vandalism, and inclement weather. 

All Perils – includes collision, comprehensive, and protection if someone you know steals your car. 

Specified perils – Name a specific risk, such as lightning, hail, flood, and get coverage for it. 

New Brunswick also uses standard endorsement forms (SEF) you can add to your policy for specific situations like:

SEF16 – if you want to put your car insurance on hold. 

SEF20 – reimburses you for alternative transportation (e.g. rental) if your vehicle is being repaired as a result of damage or theft.

SEF43 – Make sure you get the full replacement value of your car back, not the depreciated value.

SEF44 – provides additional coverage if you or a family member are injured by another driver who does not have enough insurance to pay the injury claim.

In New Brunswick, from the moment you own a vehicle, you must ensure it through a private insurer. In New Brunswick, you purchase your policy from a private company. 

New Brunswick works with a no-fault system, it means that you have to deal first with your insurance company for your claims, regardless of whether or not you’re at fault. Two case studies:

You’re at fault: your insurance company won’t pay anything unless you took the optional coverages: collision, comprehensive depending on the claim.

You’re not at fault: your insurance will pay under the DCPD coverage.

What is the different car insurance in New Brunswick?

In New Brunswick, several car coverages are mandatory by law:

Third-party liability

This insurance is compulsory and covers you for:

Material damage and bodily injury caused to others by your fault

The minimum mandatory amount is 200 000 $

Statutory accident benefits coverage

This insurance protects against bodily injury and:

Covers you if you are injured in an accident regardless of who is at fault

Covers the medical staff involved in the accident: medical care, rehabilitation and auxiliary care services

Covers income replacement.

Direct Compensation-Property Damage (DC-PD)

This car insurance covers you for:

Damage to your vehicle

Contents in your vehicle

There are a few conditions:

You must not be responsible for the accident.

It must have taken place in New Brunswick.

Another vehicle must be involved.

The other vehicle must be insured by a licensed insurer.

Your insurance provider pays to repair your car.

In Ontario, Nova Scotia, New Brunswick, PEI, Quebec, and Alberta (as of January 2022) this coverage pays for repairs to your vehicle in accidents that are deemed not your fault.

Direct compensation means that even though someone else causes the damage, you collect directly from your insurer, instead of the person who caused the damage. This covers you for damage to your vehicle or its contents, and for loss of use of your vehicle or its contents, to the extent that another person was at fault for the accident.

Uninsured automobile insurance

Uninsured motorist coverage protects against injuries you and your family members sustain in a crash caused by an uninsured motorist. It can also cover your vehicle damages if the uninsured driver can be identified. If not, you’ll need to rely on collision or comprehensive to foot the repair bills.

How to get cheap car insurance in New Brunswick

Shop and compare

Research which company provides cheap car insurance in New Brunswick, and also the best value for you and your vehicle. Rates may change up to four times a year, but lucky for you comparing New Brunswick car insurance with us is free.

Stay with your current insurer

Some New Brunswick auto insurance companies will give loyalty discounts to drivers who remain active with them for years. Especially if they add family members or multiple vehicles to their policy.

Bundle your policies

If you use the same insurance company for both your home and auto insurance needs, your insurer will often thank you with a dip in premiums.

Get a multi-car discount

If you have multiple drivers and vehicles in the same household, putting them all on one policy can save you money.

Increase your deductible

Your deductible is the portion you pay when settling a claim before your insurer will pay the rest. If you’re willing to double your deductible, it could save you money.

Ask about discounts

If you’re a member of a large corporation, union, or a school alumnus, it could help you get cheaper New Brunswick car insurance

Pay premiums annually, instead of monthly

Paying monthly adds administrative costs to your insurer, so if you’re able to pay in full annually you can lower your premiums.

Maintain a good driving record

If you’re a safe driver, obey the rules of the road and drive according to road conditions you can reduce your chances of an accident. Car crashes stay on your insurance record for up to ten years and can result in higher premiums.

Install winter tires

You can save up to 5% simply by adding winter tires to your car. Unless you’re in Quebec, where it’s mandatory.

What are the optional auto insurance coverages in New Brunswick?

Here are all the options you can add to your car insurance to be best protected:

Collision car insurance in New Brunswick

This auto insurance protects you in the event of a collision of your vehicle with an object, which can also be the rollover of your vehicle. This insurance covers property damage caused by this accident. For example, if you hit a traffic sign, you will be covered by collision insurance. This coverage is not mandatory.

Comprehensive car insurance in New Brunswick

This insurance protects you for anything that is not collision or upset, as the name suggests, therefore for anything that is vandalism, glass breakage, theft, or fire. If you park your vehicle on the street and when you come back, one of the windows has been broken, you will be able to use this insurance if you have subscribed to it. It is possible to make car insurance estimates to see how much you want to be insured.

Specified Perils Auto Insurance in New Brunswick

It covers you for risks that you have specified in the contract. For example, you can mention glass breakage but not include vandalism, theft but not include fire.

All-risk car insurance in New Brunswick

This insurance is a combination of all other insurances: collision, payout and collision-free. The deductible is the same for all damages. You will thus be protected for all incidents beyond your control (vandalism, theft, fire) but also for incidents resulting from a road accident, collision with an object, or the overturning of your vehicle.

How much is car insurance in New Brunswick?

In New Brunswick, there are several factors to consider when determining the price of your car insurance.

The price of car insurance in New Brunswick is based on several factors such as:

Your age

Your sex

Your driving record, i.e. your driving history

Your permanent address: it won’t be the same price if you live in a crowded city or the countryside.

The type of vehicle you drive: depending on the vehicle you drive, your premium will increase or not. If it is a model that can be easily stolen, your premium will get higher. If you drive one of the most stolen cars, it is quite sure that your premium will tend to be higher.

The use you make of your vehicle: are your journeys to and from work daily, for example? Do you use your vehicle for business purposes?

The number of people insured on your car insurance and their driving level

The date you obtained your driver’s license

Third-party liability: did you choose $1,000, a 000 third party liability? More? Less? This changes your premium a lot.

The optional coverage: did you add accident forgiveness for example? Roadside assistance? Same, this impacts your premium.

What are the best discounts offered by car insurances in New Brunswick?

New Brunswick auto insurers offer many discounts to save money on your insurance. Here are some of the best discounts known:

Young driver discounts

Many insurers offer discounts for young drivers because the insurance premium for young people is quite high.

Group discount

You can benefit from a discount if you are part of a group, this can be members of an association, employees of the same company etc.

Discount for experienced drivers

You can get a discount if you have a good driving record and are over 50 years old.

Discount for combined policies

You can get a discount by combining your car and home insurance, for example, the discount is often between 5% and 15%.

Discount for winter tires

It’s snowing in New Brunswick! That’s why insurers often offer a discount if you add snow tires to your vehicle.

Retiree discount

You may be eligible for a 15% discount on Accident Benefits

Renewal Discount

Your loyalty can be rewarded by some insurers if, for example, you have been with them for many years without having caused any accidents. You may also be eligible for other discounts depending on the auto insurers in Ontario:

Low mileage

Adding security to your vehicle

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