Auto insurance, mandatory in Quebec, is a large segment of the total insurance market. Its purpose is to provide financial assistance against damages to a vehicle and/or harm sustained by another..
Available to individuals as well as to companies, auto insurance can apply to personal vehicles or to entire fleets.
A variety of factors come into play when determining the premium: the type of vehicle and its use; the annual mileage; whether or not previous claims have been filed; the driver’s age, years of driving, driving experience, accident record, place of residence, marital status, profession, etc.
The deductible, that is the amount to be deducted from a claim and paid for by the insured, also has a bearing on the premium. The rule of thumb is the higher the deductible, the lower the premium.
On the road, AGMA insurance allows you to have some peace of mind as you set about your journey.