According to a recent study, the province of Quebec has the lowest car insurance rates in Canada. This is good news for residents of Quebec, as it means that they will be able to save money on their car insurance premiums. The study found that Quebec's average car insurance rate is $780 per year, which is significantly lower than the national average of $1,448 per year. This means that residents of Quebec can save up to 46% on their car insurance costs compared to the rest of Canada.
One reason why Quebec has such low car insurance rates is because the province has a no-fault system. Under this system, drivers are not held responsible for accidents, and so there is no need for them to purchase liability insurance. Instead, all drivers are required to purchase personal injury protection (PIP) coverage, which covers medical expenses and lost wages regardless of who is at fault for an accident. PIP coverage is much cheaper than liability insurance, and so it helps to keep overall car insurance rates down.
Another reason why Quebec has low car insurance rates is because the province has a high number of insurers competing for business. This competition helps to keep prices down and gives consumers more choice when it comes to their car insurance coverage.
If you live in Quebec or are considering moving there, then you should definitely shop around for your car insurance needs. You may be able to find some great deals on your premium by comparing quotes from different insurers.