Car Insurance in Sherwood Park

This portion of your Sherwood Park auto insurance covers you if you are deemed at fault for an accident. It may kick in to cover repair costs for vehicles or property that has been damaged in an accident you were responsible for, in addition to any medical costs arising from the accident. Third-party liability insurance may also cover any legal fees or damages that the injured parties are entitled to.

This coverage is optional and subject to a deductible. It will apply to protect your vehicle whether you were responsible for an accident or not. Collision insurance may kick in if you are involved in an accident with another vehicle, an object, or even wildlife.

Comprehensive insurance insures your vehicle against damages non-collision-related, such as if your car was parked outside your home and severely damaged due to a hailstorm. It can also cover vandalism, theft, fire, and so on. It is optional and also subject to a deductible.

This coverage goes a little beyond what collision insurance might cover, insuring you for specific damages on top of collisions with other vehicles or objects. It might include perils such as vandalism and fire. Each policy will vary exactly in what it covers, so be sure to discuss with your provider what your coverage protects you for.

Like other insurance products, this type of coverage is mandatory. Uninsured automobile coverage will come into effect if you get into an accident with an uninsured or underinsured driver. It helps pay for damages caused by the accident even if the other driver leaves the scene in a hit-and-run and there's no one at fault for the collision.

Also known as no-fault insurance, direct compensation coverage will help pay for damages if you get into an accident that was not your fault. This can include injuries and damages to your vehicle. However, you will only receive coverage when you are at fault if you have collision and comprehensive coverage.

When you get into your first at-fault accident, accident forgiveness coverage prevents your insurance company from raising your rates after going through the claims process. It will allow you to maintain a clean driving record as you stay with the same insurance company. This is another popular type of optional coverage.

If you're buying a new car, adding this coverage to your policy is worth considering. It ensures you're covered for the full value of your vehicle without factoring in depreciation. That means if your car is stolen or totalled, you'll be reimbursed for the cost of a brand-new vehicle—not just what it's worth after wear and tear.

If you ever get into an accident and your car needs repairs, loss of use coverage has your back. While your car is in the shop, this coverage helps pay for other ways to get around—whether that's hopping on public transit, using ride shares, or renting a car. It can be a real lifesaver, especially if your car ends up being out of commission for days or even weeks.