Car Insurance

An automobile insurance is something to protect you against losses in the event of an accident, theft, vandalism, or some other incident that involves your vehicle. It is a contract between you and your insurance company. You pay a price (called premium) for the company and it has the risk of cover your loss, during a certain period of time. In many countries, including Canada, Brazil, the U.S., there are laws for that your vehicle have to be insured. If you are found driving without valid insurance, you can have your driver's licence suspended and your vehicle impounded. Something that strikes me in Canada, however, is the price of the insurance premium. It is absurd how this value is high, especially when you're a newcomer. The companies here do not recognize your history as a good driver in other countries and information from other insurers with which you had insurance before. I have, for example, done insurance for over 25 years and never had an accident in my life. I never used the money of the insurance companies. In my home country, the price of insurance premium for a car equivalent to one I have here in Canada is 1/4 the price I paid here. This year, my family is paying about $ 5,000 in insurance, which is unfair because my husband and I are good drivers, parents of young children and use our car for transport over short distances, respecting the law and without never having received even a ticket.