Regardless of the safety auto insurance provides, it is the fundamental law to insure your vehicle. It not only saves your financial stability but also looks after the safety of the vehicle and the third party involved in an accident. Auto insurance is a need because life on the road is always uncertain. People make mistakes in costing your lives. Insure your vehicle to be on the safer side, physically, legally, and financially.

1. THE NEED FOR AUTO INSURANCE
Life on road is always uncertain

2. 01 Auto Insurance
A brief description of the
topic
The Need For
Auto Insurance
What Happens If You
Don’t Have Auto
Insurance?02
Conclusion
Summarising the topic
with suitable examples03
Compliments Thanks and Regards04

3. INTRODUCTION
Auto insurance is a contract
between you and the insurance
company that protects you against
financial loss in the event of an
accident or theft. In exchange for
you paying a premium, the
insurance company agrees to pay
your losses as outlined in your policy.

4. Auto Insurance
01
There are rules to prevent drivers from
operating a vehicle without insurance.
The Motor Vehicles Registry will not issue
license plates for your vehicle until you
can prove that you have valid insurance
on it. If you purchase a new vehicle, you
can transfer your plates to the new
vehicle, but you will require a new
insurance policy for it

5. It’s illegal to drive on any public road in
Canada if you do not have auto insurance
for your vehicle. Other than that, there are
few more reasons.
The Need For Auto Insurance
02

6. ● Payment of Fine
Driving a vehicle that is not
insured will net you a fine of no
less than $2,500 for the first
offence, and if you are charged a
second time within one year,
you will receive a mandatory jail
sentence of at least 30 days and
possibly up to six months.

7. ● Paying For Damages
If the accident is your fault and
you have no insurance, you are
personally responsible for
damages to the people in the
other car and their property. A
“fender bender” or rear-end
collision can cost you up to
$10,000, depending on the extent
of the damages. And this is in
addition to the cost of repairing or
replacing your own vehicle.

8. You May Even Have To Pay For
Damages to
the vehicle
you hit
If you’re tempted to leave
the scene of an accident,
known as a “hit and run”,
you could be charged
under the criminal code,
which means jail time
Paying for
medical
expenses
If you or the other
party have sustained
injuries you will have
to pay off those
medical expenses

9. ● Lawsuits
If you cause an accident as an uninsured
driver, there’s a good chance you’re going
to get sued. Either by the other driver, or
their insurance company, or both. Someone
has to pay for the physical damage and
injuries sustained. Since you don’t have
auto insurance, all of those expenses
become your responsibility. Including hiring
your own lawyer, which is a huge expense!

10. Everyone knows that driving without
insurance is illegal. Many drivers continue to
hit the road without the mandatory
insurance coverage. But those drivers aren’t
just taking a risk of getting a fine. They’ll lose
a lot more if they get in an accident. They
could face huge lawsuits, and even jail time
in hit and run cases. Further, they are going
to make getting car insurance in the future
a lot more expensive for themselves
● Higher Insurance Costs

11. Type Of Auto Insurance
Collision
Reimbursement for
damages caused to
your car as a result of
a collision with
another
Third-Party
Liability
Reimburse the damage to
somebody's property or injuries
caused to someone and deal with
legal responsibilities
Uninsured motorist
coverage
To cover expenses
when you hit an
uninsured
motorist.
Accident benefits
Income replacement,
payment for medical
treatments, and funeral
expenses

12. Save your Car
Save Yourself
And
Save Your Family

13. It is your responsibility as a driver to ensure you have the
coverage you need on the road. If you have questions about car
insurance, getting the advice of a licensed professional is
always a good idea. An insurance broker can provide you with
expert advice and guidance based on their experience and
extensive knowledge of the insurance industry
Conclusion
03

14. REFERENCES
https://buckleyins.com/driving-without-insurance/
https://www.iii.org/article/what-auto-insurance

15. THANKS!
THANKS!