What type of insurance is mandatory for drivers in Alberta?

In Alberta, third-party liability insurance is mandated for all drivers as part of the provincial requirements for vehicle insurance. This type of insurance is crucial because it protects you from legal liability in the event that you cause injury to another person or damage to another person's property while operating your vehicle.

The minimum coverage required is $200,000, but many drivers choose to purchase higher limits for greater protection. This insurance ensures that if you are involved in an accident where you are at fault, there are funds available to cover the costs associated with injury and damage claims raised against you.

While comprehensive, collision, and personal accident insurances can provide additional coverage and protection, they are not required by law in Alberta. Comprehensive insurance generally covers damages to your own vehicle from non-collision incidents, collision insurance covers damages from accidents regardless of fault, and personal accident insurance compensates for injuries to the insured driver, none of which are mandatory for all drivers. This emphasizes the essential obligation drivers in Alberta have to carry third-party liability insurance for the safety and legal responsibility of themselves and others on the road.