Daniel Slotta
Research expert covering Greater China
Motor insurance in Canada - statistics & facts
Car insurance typically entails the provision of financial protection against physical damage, bodily injury, or other related liability that results from traffic collisions. It can also be used to cover other types of road vehicles such as trucks and motorcycles. In Canada, the auto insurance generates the highest value of net premiums among insurance sectors and accounts for more than 40 percent of the market share of the country’s insurance industry. The total net premiums written for auto insurance across Canada amounted to almost 24 billion Canadian dollars in 2018 alone.
