What is facility car insurance for high-risk drivers?

Generally speaking, the riskier you're seen to insure, the higher your premiums will be. But some drivers are considered too high a risk, and might require something called facility insurance.

Lisa Coxon

June 1, 2021

7-minute read

This article has been updated from a previous version.

No matter where you live in Canada, if you want to drive, you need car insurance. But before insurers will give you a quote, they’ll want to know a few things, like how many accidents you’ve been in and how many tickets you’ve received.

About the author

Lisa is a senior editor in the personal finance space. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies.

browse categories

How much of a down payment do you need to buy a home in Canada in 2021?

For many Canadians, saving for a down payment can be the most difficult aspect of purchasing a home.

How to estimate the cost of insurance before buying a car

While it’s impossible to pin down an exact number without speaking to a broker or insurance agent, there are ways to gauge the cost of car insurance before buying a vehicle.

Sadaf Ahsan

May 26, 2021

7-minute read

If you're in the market to buy a car, one of the questions that’s probably top of mind is: how much will my car insurance be?

While it’s impossible to pin down an exact number without speaking to a broker or insurance agent, there are ways to gauge the cost of car insurance before buying a vehicle.

Let’s go over all the factors you’ll need to consider.

Do you need insurance before you buy a car?

Yes. Car insurance is mandatory in Canada. So no matter the number, you're gonna have to fork it over each month.

About the author

Sadaf Ahsan is a culture writer and editor in Toronto. Her work appears in the National Post, while she has also written for Refinery29, Flare and Chatelaine.

browse categories

How to estimate the cost of insurance before buying a car

There are numerous ways to gauge the rough cost of car insurance prior to purchasing a vehicle.

What to do if your mortgage loan application is denied

With careful planning, you can avoid the most common reasons a mortgage loan is denied.

Everything you need to know about debt when you pass away

The experts at Willful break down whether or not you can pass debt on when you pass away. Determining what debts need to be closed ahead of time can help reduce costs for your estate.

Willful

May 20, 2021

6-minute read

Debt and death: two realities that most of us dread thinking about. It’s not surprising that there are lots of misconceptions around what happens to your debt when you die, so we’re here to clear them up so you know whether you can pass it on, and who has to pay for it when you’re no longer around.

About the author

Willful makes it affordable, convenient, and easy for Canadians to create a legal will online. Willful was developed in collaboration with leading estate lawyers, with pricing plans starting at $99. It's currently available in eight provinces — B.C., Alberta, Saskatchewan, Manitoba, Nova Scotia, New Brunswick, Quebec, and Ontario. Since launching in October 2017, Willful has created more than 50,000 estate planning documents for customers across Canada.