Ontario Car Insurance Discounts Available

In Ontario, car insurance customers may be eligible for a number of discounts on the cost of their coverage. A customer may qualify for multiple discounts, which can help to keep the cost of this necessary product down.

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Some examples of discounts that may be offered by Ontario car insurance companies are:

Driver Training Course Discount: Many car insurance companies will offer reduced rates for drivers who have completed a recognized driver’s education course.

  • Multi-policy Discount: Buying car insurance coverage from the same company that sold the customer a homeowner’s policy can mean savings of anywhere between 3 and 15 percent on the cost of coverage.
  • Multi-vehicle Discount: Getting coverage for more than one vehicle from the same company means better pricing. Look to the insurance company to offer a discount of between 5-15 percent.
  • Renewal Discount: Being a loyal customer can lead to savings on the cost of Ontario car insurance. A person who has been with the same company for several years and has a good driving record with no at-fault accidents can save between 5-20 percent on the cost of insurance, depending on the company.
  • Retiree Discount: People who are retired can save on the cost of their car insurance coverage. The accident benefits portion of the car insurance policy is affected when a policyholder is no longer in the workforce. The amount of the price break will vary, depending on the insurer, but can range from 5-15 percent off.

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