Yukon Car Insurance

In Yukon, car owners can buy car insurance from private insurers. There are many private car insurers in Yukon. And each of these companies can have a mixture of different insurance coverage and prices. Every car owner in Yukon is mandated to purchase the required minimum car insurance.

Minimum car insurance

Third-party liability coverage for physical injury is at a maximum of $200,000 and additional of $10,000 for damage to property. Medical coverage is up to $10,000 per person and funeral expense benefits amount to $2,000. Disability income replacement is calculated at 80% of your gross salary with a maximum of $300 per week up to 104 weeks. In case of death, your spouse will be entitled to $10,000 and each dependent offspring will be entitled to $2,000. These are some of the inclusions in the policy of a minimum car insurance. In case the coverage is not enough for you, you can still purchase additional car insurance.

Optional car insurance

Many car owners purchase additional or optional car insurance aside from the minimum car insurance. This is because there are still many situations that are not included in that insurance policy. For example, a car owner can purchase optional car insurance to increase the third-party liability coverage, death benefits, disability income benefits, and medical coverage. Some car insurance policies have additional coverage for theft, vandalism, collision, fire, flooding, and many more.

An important tip in purchasing the right type of car insurance is to ask for quotes from different companies. This way, you can compare the prices and the inclusions.