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Newfoundland Car Insurance

Newfoundland Car Insurance

Why pay more when you can pay less with Cheep Insurance? We’ll make sure your coverage takes flight while keeping your wallet grounded. We work with different insurance companies to make sure you’re getting the coverages you need for the lowest price – plus, we offer payment plans for everyone! From towering Gros Morne Mountain to stunning Signal Hill, Cheep Insurance is along for the ride.

We compare quotes from several car insurance companies

Cheep Insurance works with one of the largest selections of insurance companies in Newfoundland & Labrador – meaning we are more likely to find you the best price for car insurance than most other brokerages.

Our licensed brokers know the ins and outs of insurance discounts – and they can’t wait to help you find the best price you’re eligible for! They have an birds-eye view of the industry and are more than happy to chirp in with helpful advice, guide you towards the perfect coverage to fit your needs, and answer any questions you may have.

You don’t have to kiss a cod to get a great deal on car insurance in Newfoundland – just call Cheep Insurance!

Two cartoon characters are shown standing against a blue background. A blonde woman is talking and throwing a peace sign to a friend while Cheep Charlie, a small red bird, perches on her shoulder. The friend is smiling.

What the rest of "The Rock" are saying about Cheep Insurance

  • I had a wonderful experience, dealing with Cheep Insurance they were very friendly to deal with and worked in a timely matter! I would definitely recommend Cheep Insurance to anyone who is looking for a good insurance company to be with!

    Maria - Summerside, NF | Car Insurance

    02/23

  • My experience here was Wonderful. And the staff were very helpful and knowledgeable about the process to make it possible for me. I thank you for the great service. I recommended Cheep insurance to anyone. They are the best. Thank you Kristy.

    James - St. John's, NL | Car Insurance

    04/23

  • Great people and very easy to work with. Would recommend this company to anyone looking for insurance. I work long hours and it was very difficult to find the time in my day to set up anything with any company whatsoever. A friend recommended Cheep insurance to me and I’m glad he did. These guys made it work on my time with the little I had and I’m 100% satisfied with their customer service.

    Austin - Kippens, NF | Car Insurance

    03/23

Check out what out other clients have to say on our Testimonials Page

Two cartoon characters are shown standing against a blue background. A blonde woman is talking and throwing a peace sign to a friend while Cheep Charlie, a small red bird, perches on her shoulder. The friend is smiling.

Service at your fingertips

From the signing of your application, to downloading your policy documents, to requesting policy changes – everything can be done online right from your favourite device.

As a Cheep Insurance client you’ll have 24/7 access to our online portal and mobile app as soon as you join the flock.

You can even save your pink card to your phone! No more flapping around your vehicle searching for that tiny piece of pink paper when you get pulled over.

It’s like having a tiny insurance broker in the palm of your hand.

FAQs - Car Insurance Coverage in Newfoundland & Labrador

Is Car Insurance Mandatory in Newfoundland?

Yes, car insurance is mandatory in Newfoundland and Labrador, as it is in all provinces and territories in Canada.

All drivers are required to have a minimum amount of liability coverage in case they cause an accident that injures someone or damages someone’s property. In Newfoundland and Labrador, the mandatory minimum liability coverage by law is $200,000 – however, you may require an increased limit if your vehicle is leased or financed.

Especially in today’s world, we recommend always carrying an increased liability limit. In the event that your car accident goes to court and results in damages more than $200,000 – you will be responsible for paying the additional damages; and we all know that $200,000 doesn’t go as far as it used to!

How much will a new driver pay for insurance in Newfoundland?

New drivers in any province face higher insurance premiums than experienced drivers. However, many of the factors used to determine insurance premiums for new drivers are the same taken into account for all drivers. So, what are those factors?

  • Driving records – Years licensed and insured have a big influence on insurance premiums and is the main reason new drivers pay more. Driving records also include things such as at-fault accidents and tickets, so if you continue to have a clean driving record right from the start, you should see decreasing insurance premiums as you gain experience.
  • Vehicle Statistics – One factor that doesn’t matter how long you’ve been licensed is the stats on your car – how often is that type of vehicle involved in an accident? How available are parts, and what is the cost of repair if involved in an accident? How likely is that vehicle to be stolen? These all play a role when an insurance premium is calculated.
  • Where you live & drive – Where your vehicle is most driven, are there a lot of car accidents? How heavy is traffic in that area? Do you hear about a lot of thefts or vandalism down the street? Factors like this are all taken into account. Most companies break provinces down into “rating territories” to assess these factors and determine the price of car insurance in that area.
  • Discounts – New drivers can still qualify for discounts! Some companies offer occupation/alumni discounts, discounts for having multiple vehicles or “lines” (home/tenant insurance, car insurance, etc.) insured with the same company, credit-based discounts, and more! Check out our blog for a more detailed overview of discounts you may be eligible for.
What is PLPD Insurance?

“PLPD” stands for Personal Liability and Property Damage insurance, and is sometimes referred to “Third Party Liability” or “Liability Only”. PLPD is the only car insurance coverage that is mandatory in all provinces in Canada to operate a motor vehicle on public roads. PLPD is broken down into two types of damages:

  • Personal Liability Coverage provides protection against the financial damages you may be legally responsible to pay if you cause injury or death to someone else in a car accident or claim.
  • Property Damage is just what it sounds like – it provides coverage for damage you cause to someone else’s property (house, lawn, belongings, car, etc.) during a car accident or claim.

While some people opt for “liability only” coverage to save money on car insurance premiums, it is important to note that this kind of coverage does not offer any protection to your own vehicle or help with your own medical injuries or bills caused by a car accident. You can learn more about basic car insurance coverages from our blog posts:

What does collision coverage cover?

Collision coverage is the type of car insurance that covers physical damage to your own vehicle when it has been damaged from a collision with another vehicle or stationary object – regardless of who is at fault. Collision coverage will cover the cost of repairs to your vehicle, or if the vehicle is written off, costs to replace it (these costs can vary on your coverage and may be according to fair market value, or replacement cost of the vehicle).

Collision coverage is usually optional, but may be required if your vehicle is leased or financed, and is always a good idea!

Bundle & Save

Cheep Insurance offers car and home/tenant insurance – this is great news for our clients! Nesting your car and home insurance together can save you up to 15% on each policy. Chat with one of our experienced Brokers about home insurance options to see if you can nestle into some savings.