Carolyne Chirban

Question: Could I set up my own car insurance company to insure myself?

In Canada, it is the law to have car insurance. Is it possible I could set up my own car insurance company to insure myself. I am aware that I would have to cover the damages of other cars involved in an accident, but am not sure if I would have to cover if an accident is fatal. Also, considering that I may have to cover damages in case of a fatality and other cars involved in an accident, would be more economical to just go with paying an insurance company?

BEST ANSWER: Try this site where you can compare quotes from different companies: INSUREINFO.US