In most jurisdictions it is a must to have vehicle insurance before using or keeping a motor vehicle on public roads. Most countries relate insurance to both the car and the drivers, however the degree adopted by each of them varies greatly.
Australia
Third Party Personal insurance from the Motor Accident Commission is included in the licence registration fee for people over 16 in south Australia. A similar scheme for Autoinsurance tips for new Genration car owners applies in Western Australia.
In Victoria,Autoinsurance Third Party Personal insurance for the Transport Accident Commission is similarly included, through a levy, in the vehicle registration fee.
In New South Wales, Compulsory Third Party Insurance (also known as CTP Insurance) is a compulsory requirement and each individual car must be insured or the vehicle will not be considered legal. Therefore, motorist cannot drive their vehicles until it is insured. A 'A Green Slip,'another name for CTP Insurance is also known by due to the colour of the pages the form is printed on, must be obtained through one of the seven main insurers in New South Wales.
In Queensland, CTP is a compulsory part of registration for a vehicle. There is choice of insurer do price is government controlled in a tight band.
These state based Autoinsurarance third party schemes usually cover only personal injury liability. Comprehensive vehicle Autoinsurance is sold separately to cover property damage and cover can be for events such as fire, theft, collision and other property damage.
Canada
In Several Canadian provinces (British Columbia, Saskatchewan, Manitoba and Quebec)they provide a public autoinsurance system while in
most part of the country Autoinsurance is provided privately. Basic auto insurance is compulsory throughout Canada with each provinces government determines the benefits are included a minimum required auto insurance coverage and the benefits are options available for those seeking additional Autoinsurance Accident benefits coverage is compulsory everywhere except for Newfoundland and Labrador. All provinces in Canada have some form of no-fault insurance available to accident victims. The difference from province to province is the extent to which tort or no-fault is emphasized.Typically, coverage against loss of or damage to the drivers own vehicles are optional - one notable exception to this is in Saskatchewan, where SGI provides collision coverage (less than a $700 deductible, such as a collision damage waiver) as part of its basic Autoinsurance policy. In Saskatchewan, residents have the option to have their auto insurance through a tort system but less than 0.6% of the population have taken this option.
Article Source: http://www.articlesbase.com/insurance-articles/autoinsurance-tips-for-new-generation-car-owners-2550131.html
About the Author
Kenneth Wealth is an online expert writer of various topics and his followers have been enhanced with his findings.
Today he shares some insights into online Auto insurance at http://www.autoinsurance-kw.co.cc/ target="_top">www.autoinsurance-kw.co.cc
