You will need to have a basic liability insurance policy in order to operate the vehicle on all Canadian public roads. The financial institution that provided the loan for your car may also require comprehensive and collision coverage for the vehicle. This helps protect their investment.

Shopping around will show you what companies are providing the best rates for your insurance needs. Look for ways to decrease the risk and your insurance rates will go down, sometimes dramatically. Vehicle insurance is cheaper if you have a safe driving history and the cessation of smoking will reduce health and life insurance costs.

Life insurance is a product that has to purchased separate from health policies. They can be from the same company, but one premium will go towards the healthcare coverage, while the other is directed to the life insurance coverage.

Yes, there are many companies that provide quality life insurance without any required medical examinations.

Allowing any type of insurance policy to lapse can reflect in the need to pay a higher premium. The reasons behind a lapse in auto policies can cause you to lose the ability to have insurance with the same carrier. A serious accident or suspension of your license will cancel the policy in most instances.