Toyota Prius Insurance Cost

[Not mandatory in Newfoundland] Accident benefits coverage is another type of mandatory auto insurance coverage in Canada. It protects the policyholder if they, a passenger, or a pedestrian require medical attention following a collision. Regardless of which party is at fault for the accident, the policyholder can still receive compensation to pay for medical expenses under the accident benefits portion of their policy.

[Not mandatory in Alberta] Uninsured automobile coverage is mandatory and protects the policyholder and any passengers in their vehicle if they get into a collision with an at-fault driver who is either uninsured or underinsured.

[Not mandatory in Ontario] 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.

Comprehensive coverage offers financial protection against non-collision perils. Such perils may include theft, vandalism, fire, water damage, and more. Comprehensive coverage is a popular option among Toyota Prius drivers due to the peace of mind it brings.

Collision coverage is another optional coverage type that Toyota Prius drivers may benefit from. It protects the policyholder if they are in an accident with another vehicle or object. Like accident benefits coverage, it covers the policyholder regardless of whether they are at fault for the accident. However, unlike accident benefits coverage, collision coverage only provides compensation for property damage resulting from the accident, not bodily injuries.

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.