Car Insurance: Nova Scotia Vs Ontario

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Ontario and Nova Scotia have very different demographics and climates. These two provinces have very different landscapes and populations as well. Ontario has many more people living there than Nova Scotia. As a result of these differences, insurance companies charge different amounts for insurance. There are also a variety of different insurance rules and if you are traveling or moving to one of these provinces, you likely are going to want to know them. To make things easy for you, we will go over the various differences between the two provinces car insurance below:

Average Prices of Car Insurance in Ontario Versus Nova Scotia

In Ontario, the average insurance premium is $1,458. This insurance premium is the highest premium out of every province in Canada. Nova Scotia has much cheaper auto insurance premiums than Ontario has. In Nova Scotia, the average auto insurance premium is $783. Nova Scotia ranks 5th in the country in terms of having the lowest average insurance premium. If you are moving from Nova Scotia to Ontario, the differences in your auto insurance are likely to be shocking. However, driving in Ontario is a whole different experience than driving in Nova Scotia. There are many more drivers on the road and you are definitely at a higher risk of getting into an accident as a result. Are

Do I Need Travel Insurance to Travel from Nova Scotia to Ontario?

Whenever you travel from Nova Scotia to Ontario or Ontario to Nova Scotia, your car insurance policy should be valid. However, what you might not know, is that your provincial health insurance might not be. You might not be covered if you become ill or get into an accident in another province. You might end up having to pay out-of-pocket for things like prescription drugs, an ambulance, rehabilitation, trip interruption, and stolen property. Due to these reasons, it can be worth your time to pick up travel insurance when you are moving between these two provinces. However, you will have to decide for yourself whether you want to or not.

How Do Rules Differ for Auto Insurance in Ontario Compared to Nova Scotia?

The minimum amount of auto insurance that you must have in Nova Scotia is different than that of Ontario. In Nova Scotia, you must have a total of $500,000 in liability coverage. You must also have $50,000 per person in medical payment coverage, $2500 in insurance for funeral expenses, a death benefits package, and a disability package. In Nova Scotia, you do have the right to sue for pain and suffering. However, there is a limit on the amount you can sue for. You can only sue for $8486. In Ontario, you only have to have $200,000 in liability coverage, $65,000 in medical payment coverage, $6000 in funeral expense benefits, disability benefits and death benefits. In Ontario, you do have the right to sue for pain and suffering as well. However, there is no limit on the amount you can sue for.

Is Getting a License In Nova Scotia Different Than Ontario?

Getting a Nova Scotia license is practically the exact same as getting a license in Ontario. Both provinces have a graduated license system in place. In order to get a learner’s permit, you have to write a knowledge test. This process is the same in both provinces. Once you get your learner’s permit, you must wait at least 12 months before going for your newly licensed driver’s license. After another 12 months, you can take another road test and go for your full driver’s license. In both provinces, you do have the option of taking a driver’s training course. This speeds up the length of time that you have to wait to get your newly licensed drivers license from 12 months to just nine months.

How Does Ontario Insurance Work in Nova Scotia?

Yes, you can drive in Nova Scotia with an Ontario license. However, you will only be allowed to drive for 90 days without getting a Nova Scotia drivers license. Luckily, if you have a driver’s license from another province or from the United States, you do not have to go through the graduated license program in Nova Scotia. You can simply pay to exchange your current driver’s license for a Nova Scotia drivers license. The fee to exchange your license is $25.10 unless you are from New Brunswick or Prince Edward Island, then there is only an $11.90 fee to renew your picture.

How Does Nova Scotia Insurance Work in Ontario?

If you have a Nova Scotia license, you are allowed to drive in Ontario. However, you only have 60 days after moving to Ontario to exchange your Nova Scotia drivers license for an Ontario license. After 60 days, you are not allowed to drive in Ontario with your Nova Scotia license anymore. The process of transferring a driver’s license is a little bit more difficult if you are moving to Ontario compared to if you’re moving to a different province. In Ontario, you normally at least have to take an eye test to exchange your driver’s license issued from another province. However, depending on your experience, you may even have to take a driver’s test or a written knowledge test on the rules of the road.

What Is the Difference between the Types of Auto Insurance in Nova Scotia and Ontario?

Both Nova Scotia and Ontario use a no-fault insurance system. A no-fault insurance system simply means that both driver’s insurance companies pay for their own client’s repairs. When an accident occurs, this does not necessarily mean that your insurance premiums will rise. The fault will be determined when an accident occurs. If the other driver is 100% at fault, your insurance premiums shouldn’t rise. When this is the case, you’re also likely not going to have to pay an insurance deductible to your insurance company.

To Conclude

Moving to another province or traveling to another province can be complicated. It is always important to remember that if you are traveling to another province, you might want to consider getting travel insurance. When you travel to another province, you do not necessarily take all your healthcare benefits with you. Should you get into an accident in another province, without travel insurance, you might have to pay out-of-pocket for some of your healthcare. It is always best to call up your insurance company before you move or travel to a different province to make sure that you have proper coverage for both yourself and your vehicle.

Resources:

http://www.ibc.ca/ns/auto/auto-insurance/mandatory-coverage/
http://www.autofocus.ca/how-to/insurance-finance-guides/how-auto-insurance-differs-from-province-to-province
https://www.ontario.ca/page/exchange-out-province-drivers-licence
https://on.bluecross.ca/travel-insurance/travel-tips/289-do-you-need-travel-insurance-for-trips-within-canada

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