7 Car Insurance Discounts Most People Don’t Know About

Are you getting all the car insurance discounts you’re entitled to?


The average driver in Ontario spends $1,448 every year on car insurance*, but with the right discounts you could knock hundreds of dollars off this total and keep more money where it belongs, in your pocket!

That’s why we’re giving you the 7 most common discounts we offer that people don’t usually know about…until we tell them.

Private Parking Discount

To some insurance companies, it makes a difference where you park your car. This makes a lot of sense because a car parked in a garage or private driveway is less likely to be damaged or stolen than a car parked in a public parking lot or street. Adding the Private Parking Discount will save you 10% off your collision, comprehensive and all perils coverage.

University Discount

When your child goes away to university or college, you’ll want to keep them insured on your policy so they are covered when they visit on holidays and throughout the summer, but it doesn’t make sense to pay the full premium. Adding the University Discount will provide you a 50% savings off your child’s premium, while still maintaining their coverage and building their insurance history.

Good Student Discount

We all want our kids to achieve good grades in school, but did you know their marks can also save you money on your car insurance premium? Any drivers under the age of 25 that are enrolled in high school, college or university full time and maintain an average of 80% or higher qualify for the Good Student Discount, and will save you up to 15%.

Hybrid Vehicle Discount

Even with the recent increase in hybrid vehicles on the market over the past 5 years, we still don’t see this discount on a lot of car insurance policies. If you drive a hybrid or electric vehicle, all drivers on your policy could be receiving an extra 5% discount.

Driver Training Discount

We get this question a lot! “Will taking driver training reduce my son’s car insurance premium?” The answer is, absolutely! If a driver has been licensed within the past 3 years and has completed a certified driver training course during that time, they will save up to 10% on their insurance premium. With some companies, having driver training will also make you eligible for a better driving record, which will save you even more money!

Plug’n SAVE™ Discount

Wouldn’t it be nice if you could get a discount just for being an awesome driver? Well, you can. With the Plug’n SAVE™ discount, you can earn up to an additional 30% discount on your car insurance policy based on how you drive. Oh yeah, and you’ll automatically get up to 10% off just for signing up for the program. The best thing about this discount is that almost everyone qualifies!

Winter Tire Discount

Okay, you might know about this one already, but we had to include it on our list because even though people may be aware that the discount exists, we are still speaking with clients too often that have winter tires, but do not have the discount! Adding the Winter Tire Discount to your car insurance policy will save you up to 5% and will also dramatically improve the safety of your vehicle by increasing traction and handling in cold and snowy conditions. 

Adding discounts can be a quick and easy way to save more money on your car insurance. It’s important to stay informed on insurance news and review your policies every year with your broker. (Especially after a major life event, such as marriage, home purchase, etc.)

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