Compare auto insurance across 4 Newfoundland & Labrador cities. Provincial average: CA$120/month (CA$1,440/year). Insurance system: private. Regulator: CBSC.
Newfoundland & Labrador operates a private insurance system regulated by CBSC. All drivers must carry minimum Third-Party Liability of CA$200,000. The mandatory coverage package includes Accident Benefits, Uninsured Motorist Coverage, and Direct Compensation-Property Damage.
The CBSC is actively working to increase carrier competition in Newfoundland and Labrador's insurance market, with new entrants approved in 2025. St. John's continues to command the highest rates in the province, driven by Avalon Peninsula weather exposure. Independent brokers remain the most effective route to best-market pricing in the province.
| Coverage | Description |
|---|---|
| Third-Party Liability | Minimum CA$200,000 required; pays compensation to others for injury or property damage |
| Accident Benefits | Covers medical, rehabilitation, and income replacement for you and your passengers regardless of fault |
| Uninsured Motorist Coverage | Protects you if injured by an uninsured or unidentified driver |
| Direct Compensation-Property Damage | Covers your vehicle damage when another insured driver is at fault |
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