Pay Less for Your Auto Insurance with Discounts

By Lesley Green
A window of a store advertising that they've got items on sale for 30% to 50% off.

How to get auto insurance discounts that will lower your premiums.

  • The cost of the driver's training is often recouped within the first year odue to the discount for taking and passing a driver’s education course.
  • A winter tire discount will typically save you up to five percent off your premiums.
  • Your association or affiliation with a school, employer, or union could result in a discount of up to 30 percent.

Discounts are an easy way to save money on your auto insurance. Whether it’s a discount for bundling your policies with the same insurance provider or maintaining a clean driving history, discounts can quickly add up to lower premiums.

Top car insurance discounts revealed

Drive down the cost of your auto insurance premiums with these popular discounts:

Driver’s training

Insurance companies know that young drivers taught by a professional driving instructor tend to be better, safer drivers and thus reward these drivers with premiums lower than what they would otherwise pay.

The cost of the driver's training is often recouped within the first year of taking the course, making it well worth the investment on more than a few fronts. Just make sure the driving school you sign up with is government approved in your province of residence.

Winter tire discount

Let it snow (just not until November)! If you change your tires seasonally, a winter tire discount will typically save you up to five percent off your premiums.

Good driver discount

It pays to be a safe driver. Drivers without any collisions or traffic tickets on their record could qualify for a good driver discount that could be as much as five to 10 percent.

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Roadside assistance

Not only does having roadside assistance help you when you’re having car issues, but it also helps you save on your auto insurance. Belonging to a roadside assistance program could help lower your auto insurance premium by up to 15 percent.

Multi-line discount

Whether you own or rent, if you insure your property with the same provider covering your vehicle, you’ll save five to 15 percent off your combined premiums..

Multi-vehicle discount

Another way to benefit from a bundling discount is by insuring all your vehicles with the same company. If you live in a home with two or more vehicles, a multi-vehicle discount will typically save you in the range of 10 to 20 percent. What’s even better is there’s more to this discount than just the autos you regularly drive; think motorcycles and recreational vehicles as well.

Usage-based insurance discount

There are two types of UBI programs available in Canada: pay-as-you-go and pay-how-you-drive.

Pay-as-you-go relies heavily on the distance you drive annually. Pay-how-you-drive relies more on driver behaviour like speed, braking, acceleration, distance travelled, and the time of day. Each insurance program offers drivers the opportunity to pay less for car insurance and includes enrollment discounts ranging from five to 10 percent.

Group discount

Your association or affiliation with a school, employer, or union could result in a discount of up to 30 percent. It’s not just your associations that could lower your premiums either. Your spouse’s affiliations count too!

Student away-at-school discount

Assuming the worst of the pandemic is behind us, many students will be returning to school in September. If your young driver is attending school in another city or province, they won’t be driving your car nearly as much. Their time behind the wheel is limited to holidays, school breaks, and the occasional trip home for the weekend. As a result, many insurers offer a discount that could save you up to 50 percent of the premium you’re paying for listing them on your policy.of the premium you’re paying for listing them on your policy.

Discounts are nice, but you can save even more

Discounts are a great way to pay less for your car insurance coverage but don’t discount the savings available by shopping around. Lower your car insurance premiums even further and compare rates from more than 30 of Canada’s most trusted insurance providers all in one go. Shop your rate for a better price and see what discounts you can get today with a new provider.