Auto insurance, including third-party liability coverage is mandatory in Canada. If you drive without it, you can face fines, a license suspension, and much more if you’re involved in an accident. Third-party liability coverage is especially important, because it protects you from the many costs associated with an accident. Without it, you run the risk of bearing the responsibility for hefty expenses such as legal fees, settlements, medical bills, property damage, lost income, and more. This could easily cost you tens of thousands, or even millions of dollars.