Compare the best specified perils car insurance quotes for free.

On average, Canadians save hundreds of dollars per year by comparing quotes with us.

Get quotes from 50+ Canadian providers in 3 minutes.

Get quotes from 50+ Canadian providers in 3 minutes.

31,217 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

July 23
They way everyone was so polite and…
They way everyone was so polite and helpful
Yasameen Siddiqi
July 22
Quotes over the phone were great...
Quotes over the phone were great...
Gregory Nowak
July 22
Communication was easy
Communication was easy. Quick call from the staff after application was submitte...
Richard Fababeir
July 20
I Spoke With a Very nice Young Man and…
I Spoke With a Very nice Young Man and he was very helpful
Suzanne Sharma
July 19
Very god interaction with your agent
Very god interaction with your agent, who was knowledgeable, efficient and nice ...
emanuel pivniceru
July 19
Saved over $700
Saved over $700. That says it all.
Tim
July 18
Responsive helpful
Very helpful thank you
Karel Ferenc
July 17
Great Customer service
I was very happy and please with the outcome of the call, all my questions were ...
Santo
July 17
Quick and easy
Quick and easy. Very helpful broker
Peter Deeprose
July 17
Very knowledgeable and helpful sales…
Very knowledgeable and helpful sales staff.
Lisa Rucha
July 17
Mark was very informative and not…
Mark was very informative and not pushy. He was very helpful and I appreciate it...
Brenda Hanzuk
July 16
Super helpful
Super helpful, quick and easy!
Mandy J
July 12
Excellent service
The lowest rates agent called me right after I finished the initial question and...
D-Glenn Surgenor
July 11
Professional all the way!
They were able to find the right coverage at the right price in a short time. P...
Jeff
July 7
The name says it all
The name says it all, lowest rates available and very professional service. 5 st...
Adam Koester
July 5
The service I received today 7/4/24 was…
The service I received today 7/4/24 was amazing and swift.
MARIO CLARKE
June 28
There was an instant offer and then…
There was an instant offer and then quick follow up.
Dcghelani
June 20
Good
Good rates using
Sharma
June 10
The service was quick and convenient.
The service was quick and convenient.
Eddy
June 2
Great customer service!
Great customer service!
Owen Thompson
May 23
There going to help you be covered as long as you keep keep up with your monthly payments against somebody else s fire and flood damage if you started the fire or flood by no fault of your own doing .
My sister refused me to cooperaters in hamilton for apt fire insurance .they gav...
Cindy Lou
May 15
The Hope of a more cost saving policy
The Hope of a more cost saving policy
Caroline m Fremont
May 14
They went through the insurance…
They went through the insurance information with me , and allowed me to save hun...
Kevin Jessome
May 5
I was so impressed with your…
I was so impressed with your representative- Bhakti Joshi for her help in walkin...
Maureen Driscoll
May 5
The fellows were very friendly and…
The fellows were very friendly and helpful
Leona Toner
May 4
Very Helpful when time you need it
I have been using lowest rate.ca to find the best raye for any of my insurance a...
Eli
April 19
Sean was easy to talk too and very…
Sean was easy to talk too and very informative.
Angela

How comparing auto insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Save

When you find the best quote, secure your rate by talking to a licensed broker or agent.

Learn more about specified perils car insurance in Canada.

Specified perils coverage is a form of car insurance that’s available in every Canadian province and territory. This type of car insurance is optional and can be purchased on top of your base car insurance policy (the requirements of which differ by province).

Specified perils insurance offers additional protection for drivers against specific risks not covered by their base policy.

Unfortunately, you can’t compare rates for specified perils car insurance on LowestRates.ca separately. You can get a car insurance policy that includes specified perils auto insurance by applying for a quote through the form above. Once you’ve inputted a bit of information about you and your car, you’ll be shown the best car insurance quotes from providers serving your area.

When you do speak with a broker or agent to set up your policy, all you have to do is inform them that you’d like to add specified perils coverage to your policy and they’ll be happy to walk you through the process. Our team will ensure you find the best specified perils car insurance coverage available.

Front view of a car. Illustration.

See how our customers with collision coverage save big on auto insurance.

CustomerLocationVehicleLowest rateAverage rateSaved
Quote from July 23, 2024
Customer
Female, 39 years old
Location
ontario
Vehicle
2020 FORD ESCAPE TITANIUM HEV 4DR AWD
Lowest Rate
$332/mth
$3,980/yr
Average Rate
$444/mth
$5,323/yr
Saved
$112/mth
25.23%
Quote from July 23, 2024
Customer
Female, 24 years old
Location
ontario
Vehicle
2018 GMC TERRAIN SLE 4DR 2WD
Lowest Rate
$383/mth
$4,599/yr
Average Rate
$519/mth
$6,230/yr
Saved
$136/mth
26.18%
Quote from July 23, 2024
Customer
Female, 23 years old
Location
ontario
Vehicle
2010 HONDA CR-V EX-L 4DR 2WD
Lowest Rate
$177/mth
$2,122/yr
Average Rate
$501/mth
$6,014/yr
Saved
$324/mth
64.72%

Auto insurance quotes are compared from CAA, Coachman Insurance Company, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Your questions about specified-perils auto insurance, answered

What is specified-perils auto coverage?

Specified perils is a car insurance policy endorsement available in every Canadian province. While it’s not a required purchase for Canadians, it does provide additional coverage above and beyond the minimum insurance levels.

Specified perils functions exactly how it sounds. This type of insurance offers coverage for perils specifically named in your policy.

Specified perils auto insurance offers less coverage than comprehensive or collision coverage but more than if you went with a basic policy (which usually includes liability, accident benefits and direct compensation property damage coverage).

Available coverages for a specified perils policy include:

  • Fire
  • Theft (or attempted)
  • Hail
  • Lightning
  • Earthquakes
  • Windstorms
  • Rising water
  • Explosions
  • Riots or public disturbances
  • Falling objects (like an airplane crash)
  • Coverage for damage that occurs to your vehicle while it’s being transported (i.e., towed, shipped, etc)., on land or water.

The best way to get a great rate on specified perils car insurance is to compare quotes on LowestRates.ca and speak to a broker or agent about adding it to your policy.

How does specified-perils insurance work?

Because specified perils auto coverage is not required in any Canadian province or territory, it will need to be purchased on top of the minimum required coverage. In most provinces and territories this includes third party liability insurance, accident benefits insurance and direct compensation property damage insurance.

Risks that qualify for specified perils auto insurance coverage include fire, theft, hail, lightening, earthquakes, windstorms, rising water, explosions, and airplane crashes (your broker or agent may know of more). While each of these is available for specified perils coverage, you aren’t required to include all of these risks in your policy. Keep in mind, however, if you haven’t purchased any additional insurance and you haven’t named a particular risk in your policy, you aren’t covered for it.

While you can’t get a car insurance quote including specified perils on LowestRates.ca., you can speak with one of our dedicated partners about adding it to your policy.

What are the pros of specified-perils car insurance?

The main benefit of choosing a specified perils policy is that you only have to pay for coverage you think you’ll use, and nothing you won’t.

Furthermore, you’ll get to select which coverages you’d like to name in your policy from an extensive list.

What are the cons of specified-perils car insurance?

On the other hand, going with a specified perils policy comes with some risks. For instance, if an incident takes place that’s not named in your policy, you won’t be covered for it.

In addition, while the list of available coverages is extensive, it’s not all-inclusive. There are a countless number of risks to you and your vehicle while you’re on the road, which means that you may need to purchase additional coverage to supplement this policy.

Furthermore, without collision and comprehensive coverage, specified perils won’t cover physical damage to your vehicle caused by an accident for which you’re deemed to be at fault.

Specified-perils vs. comprehensive coverage: What’s the difference?

The primary difference between specified perils and comprehensive coverage is that specified perils covers you for some risks (which you specifically name in your policy) while comprehensive covers you for all risks not related to driving.

This might include floods, fallen trees, hail, etc. Also included are vandalism, theft and other damages not caused by driving.

Specified-perils vs. named perils coverage: What’s the difference?

There is none. Specified perils is another name for a named perils car insurance policy.

Specified perils vs. all perils coverage: What’s the difference?

This one can be a little confusing. While specified perils protects against additional risks you’ve named in your policy, an all perils policy provides the benefits of both a comprehensive and a collision policy.

All perils insurance combines coverages from comprehensive and collision coverage. This means you’re protected for damages sustained in a collision as well as damages resulting from risks not related to driving.

What other types of car insurance are there?

No-fault insurance: This is not a type of insurance you can choose to buy but rather a type of regulatory system used to oversee the auto insurance regime. It means that you’re required to go through your insurance company first before filing a lawsuit. However, your insurance company will allow you to file a lawsuit for damages that are not covered by your accident benefits insurance.

Third-party liability insurance: This type of insurance is mandatory across Canada. Liability insurance protects you against damages that you cause while driving. If you damage another vehicle or injure someone while driving, this type of coverage kicks in.

Accident benefits: This will pay for your medical expenses if you’re injured in an accident. It will include income replacement and any additional care required.

Direct compensation property damage: DCPD covers damage to the structure or the contents of your vehicle. It’s important to note that this coverage only applies in provinces where this type of insurance is mandatory and will only kick in if both drivers hold this type of coverage and you were not at-fault for causing the accident.

Uninsured motorist coverage: This will protect you in the event of an accident with a driver who does not hold car insurance, or a driver who does not hold sufficient insurance to cover damages.

Collision insurance: This coverage protects specifically against damages sustained in a car accident. This insurance kicks in whether you collide with another vehicle or an object.

Is specified perils insurance the same across all provinces?

Specified perils coverage is not required in any Canadian province or territory with private auto insurance. This means that drivers can purchase as much as they want (or don’t want) or this particular type of insurance, anywhere in the country

That’s why the best way to get a cheap specified perils car insurance rate is to speak with one of our dedicated partners after completing a quote on LowestRates.ca.

Jessica Vomiero

Jessica Vomiero

About the Author

Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.

Read More

Auto insurance news

Read More Like This