Every driver is required to carry a minimum coverage that is specified by their province, with an example being Ontario's requirement of $200,000 in liability coverage on their car insurance policy. However, due to increasing legal costs and lawsuit settlements in Canada, the minimum amount of coverage typically recommended by insurance professionals is now $1,000,000.
In many cases, it is advisable to carry even higher liability limits up to $2,000,000, especially if any of the following applies to you:
You frequently carpool or drive with others in your vehicle
You drive your vehicle for business reasons
You drive to the United States frequently
You often drive in areas with lots of traffic or high accident rates