Are Auto Insurance Policies Offered Through Public or Private Lenders?
In Canada certain provinces will offer both public and private auto insurance however, not all provinces in Canada have public auto insurance available. Public auto insurance is provided by financial institutions and insurance firms that are government-owned. Whereas, private auto insurance is provided by privatized lenders, financial institutions and insurance firms. Mandatory coverage will be available through government-owned insurance firms that offer both public and private auto insurance. Any other insurance policies that are not under the mandatory auto insurance policies will be available at privatized financial institutions and insurance firms. Only the provinces; BC, MB, QC, and SK. All the other provinces have auto insurance available through private auto insurance only as displayed in the table below.