Believe it or not, it's possible to get low cost car insurance. This section describes some of the ways you can take advantage of these discounts.
Multi-car auto insurance discount
If you insure more than one automobile with the same car insurance company, you'll likely get a break on the premium on both automobiles.
Multi-line auto insurance discount
Consider taking out both your automobile and property insurance with the same company. You'll often get a reduced premium for the automobile and/or property insurance.
Good driver discount
It pays to drive safely. Many insurance companies offer driving record discounts for every year that you've had no accidents or tickets.
This is generally for drivers aged 55 or older.
If you're learning to drive, it's a good idea to take an approved driver training course. When you pass the course (with flying colours, of course) the insurance company will likely give you a discount to recognize your safe driving skills.
Keep your automobile safe, and you'll reap the benefits. Anti-theft devices such as ignition "kill" switches, alarms, hood and wheel locks reduce the likelihood of theft or vandalism and may justify a discount -- plus you'll still have your car around to enjoy!
If you're attending a post-secondary school and living away from home, your insurance company may give you a reduced premium on your parent's insurance policy. This discount reflects your reduced access to the family automobile. But it also helps maintain your driving experience and history. This will pay off when you purchase your own car insurance.
Auto insurance quickguides
- Introduction to auto insurance in Canada
- Common insurance coverages and endorsements
- Accident Benefits in Ontario
- What is no-fault insurance?
- How premiums are calculated
- How to reduce your auto insurance costs
- Insurance discounts
- Special situations
The information contained within this article is subject to change. Always speak with your current insurance supplier, or a licensed insurance representative, to answer your specific questions. The information collected and compiled here is intended to simply act as a guide.