Car insurance northwest territories

Whether you're driving to Yellowknife or cruising through Nahanni National Park, there's no denying that the Northwest Territories is enchanting. But drivers in the Northwest Territories deal with an uncommon set of challenges: frigid weather, limited daylight for part of the year, and lots of wildlife. They also have to dodge high auto insurance premiums, and that's where LowestRatescomes in.

We make it quick and easy to find the cheapest auto insurance rates from all the top insurers in the Northwest Territories. But before you start searching, learn more about how car insurance works in the Northwest Territories and how you can get the best policy at the lowest price. Find tips and key information on driving in the Northwest Territories below and stay informed as you shop for your policy.

Insurance comparison sites, like LowestRates.ca, take your driver information and use proprietary technology to generate and rank the best quotes from the top car insurers. Once you select your quote, one of our professional insurance brokers will lock in your rate with the insurer of your choice and help you set up your new policy. The entire process takes minutes. Not only will you save time and money, you'll also have the satisfaction of knowing you got the cheapest car insurance rate available.

Who sets auto insurance rates in the Northwest Territories?

The Northwest Territories has a private insurance market, which means individual insurers set rates.

What factors determine auto insurance rates in the Northwest Territories?

Auto insurance rates in the Northwest Territories are determined by a variety of factors:

  • Driving record
  • Type of vehicle
  • Age and gender
  • Amount of coverage selected
  • Use and location of your vehicle
  • Number of years behind the wheel

Will auto insurance rates in the Northwest Territories go down anytime soon?

Auto insurance premiums in the Northwest Territories have been trending modestly higher recently.

How can I get cheap auto insurance in the Northwest Territories?

There are many ways to get cheap car insurance in the Northwest Territories:

  • Use winter tires
  • Pay premiums on time
  • Maintain a good driving history
  • Choose the right insurance coverage
  • Compare quotes online at LowestRates.ca
  • Complete a certified driver training program
  • Insure all your vehicles with the same company
  • Bundle your home insurance with your auto insurance

Is auto insurance required in the Northwest Territories?

Yes. You're required to obtain a minimum, mandatory level of insurance coverage in the Northwest Territories.

What is the minimum requirement for auto insurance in the Northwest Territories?

Basic coverage in the Northwest Territories includes the following:

  • Third-party liability insurance ($200,000): covers both bodily injury and property damage. Within this amount, property damage will be capped at $10,000. Most drivers opt for more coverage than the mandated minimum.
  • Medical coverage: up to $25,000 per person.
  • Hit-and-run coverage: up to $200,000.
  • Funeral expense benefits: up to $1,000.
  • Disability income at 80% of gross wages: up to $140 per week. This coverage runs for up to 104 weeks.
  • Death benefits: up to $2,000 per dependent, or $10,000 for the head of the household or their spouse.

What kind of auto insurance system does the Northwest Territories have?

The Northwest Territories operates on a hybrid no-fault system. Your auto insurance plan includes third-party liability coverage, but you can still sue an at-fault party for additional compensation in excess of the standard no-fault benefits if your damages warrant such action.

What are the penalties for driving without insurance in the Northwest Territories?

If you're convicted of driving without insurance in the Northwest Territories, you'll face a fine of $500 to $50,000. Repeat offenders could face jail time.

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