List of auto insurance discounts in Canada
Here is a list of the top discounts available :
Policy discounts
Combine car + home
When you bundle your auto and home insurance with
the same company you can get discounts of up to 20% or more depending on the company.
- Save up to 20% on auto and 50% on home coverage
Multi-vehicle
When you have family members who live in the same household and drive separate vehicles there are discounts available.
Insuring multiple vehicles with the same provider will lower payments.
Payment options
There are additional ways that you can save depending on how you pay your premiums.
- Pay for the full year in a lump sum – save up to 8%
- Automatic payments by Electronic Fund Transfer – up to 2%
- Pay on time consistently – up to 15%
Loyalty and renewals
Many insurers offer discounts for loyal customers who renew their policies each year. The longer you have coverage with the same company the lower the payment.
- 1-5 years – save up to 5%
- 6 years – save up to 6%
- 7 years – save up to 7%
- 8 years – save up to 8%
- 9 years – save up to 9%
- 10+ years – save up to 10%
Driving discounts
Good driving rewards
Good drivers can save significantly when enrolled in a usage-based insurance or telematics program.
Driving habits get monitored and good driving habits get rewarded.
Vehicle discounts
New vehicle
Purchasing a new vehicle that is less than 3 years can help you pay less.
Anti-theft device
The harder your vehicle is to steal the better. If you have an after-market anti-theft device installed in your vehicle you could have additional savings ranging from :
- After Factory – save up to 5%
- Satellite – save up to 15%
Winter tires
It’s proven that it’s safer to use winter tires.
Private parking
Get a discount when you park your vehicle in a private garage or driveway.
Green or eco-friendly vehicle
If you drive a hybrid car or electric vehicle you can save more.
Individual discounts
Retiree and seniors
If you are retired or a senior you'll qualify. Even over 50 drivers can get a discount or savings.
Drivers training
New and young drivers who take a government approved drivers training course can get additional cost reductions.
Graduated licensing
There are reductions available as drivers graduate through each level of the graduated licensing program.
- Graduate from G1 to G2 - save up to 10%
- Graduate from G2 to G – save up to 10%
Good student
Drivers who are full-time students between the ages of 16 and 25 who have a "B" average or better may qualify.
Out-of-town student
When parents have children who are away from home at university or college they can save on their coverage for that child.
