Need to insure your car? If you need to insure your vehicle, there are two major types of car insurance providers to consider-- the public and the private insurer. Each type of insurance has its own set of benefits and disadvantages. Read on to know what each type can offer you and which one suits your needs best.

Public auto insurance

Public auto insurance is owned by the government. In Canada, the government-owned auto insurance has lesser rates compared to privately owned ones. The downside to public auto insurance is that the coverage is limited. There are instances when the public insurance only covers personal injuries, and the damage to property is left off to a privately owned insurance company.

Private insurers

Private insurance providers offer various types of coverage, giving you a wider selection. There are insurance policies that only cover personal injury and those that only protect against property damage. However, private auto insurers normally charge higher than the government-owned insurance system. Despite the obvious difference in cost, there are private insurers that offer discounts when purchasing any of their policies. The offered discounts can be based on the driver's affiliation. The adjustment of the deductible is also a way to make the premium less costly.

The choice of insurance depends on your needs. If you think you can't afford insurance from private providers, check if the the public auto insurance system will cover your basic needs. You also need to evaluate your needs and the consequences of choosing either of the two. When choosing an insurance plan, you have to compare the coverage offered by different insurance providers. More importantly, avoid duplicating your insurance. If you have medical insurance, you can do away with personal injury coverage. Instead, you can just opt for the minimum coverage required by the government. In this way, you can save a great deal of money on your car insurance policy and still get protected from loss or damage.