17 Online Car Insurance Discounts in Canada
Despite it being one of Canada’s most competitive markets, many Canadians feel like they pay too much for their car insurance.
Just as a variety of factors, such as city you live in, driving experience and claims/ticket history can cause your rates to increase, there are things that can discount your car insurance rates.
Surex, Canada’s fastest growing online insurance brokerage, has partnered with over 10 companies offering car insurance in Canada. Do not spend all day filling out insurance forms and travelling across the city to different companies. Take 5-10 minutes and fill out an online quote at Surex.com and get on your way to auto insurance savings.
Here are 17 online car insurance discounts available through Surex.
This is our most popular discount. If you’re getting an auto policy through Surex, be sure to add your home or tenant (renter’s) insurance policy to it. Combined, we can save you up to 15% on the total of the two policies.
Similar to the bundle discount, this applies to insuring two or more vehicles. You’re going to have to get insurance on both (or all 3, 4, etc.) vehicles anyways. Might as well get it done through Surex and save up to 15% on the combined policy prices.
Flex (Preferred) Discount
Companies are constantly reviewing data of their customers to see what the demographic of their ideal customer is. As an incentive to attract their ‘’ideal customer’’, companies will offer further incentives to gain their business.
For instance, say a customer gets quoted with a $1,500 annual car insurance price. If they tick all the boxes as that company’s ideal customer, the company could offer a further 10% off – so now it’s $1,350 annually for the same policy as the aforementioned $1,500 policy – to gain that person’s business.
The percentage offered for a flex or preferred customer discount will vary by company.
New Business Discount
With the car insurance industry being so competitive, some companies will offer a discount for you to switch your insurance from a competing company to theirs.
As you approach your renewal, especially, that’s an opportune time to get a quote from Surex. Not only could you save money on your policy, but you would avoid any cancelation fees associated with switching over, once your current policy expires.
For as eager as companies are to welcome new business, they feel the same way about keeping existing business. The longer you go without claims and always paying your bills, the more a company will want to keep you. Once you build up a history with a company, they tend to be a lot more eager to help you out when the need arises.
This is best demonstrated by a customer being with a company for a number of years, then having their first claim in an at-fault accident. The customer’s car insurance rates might go up, yes, but they’ll find other companies rates will, usually, be significantly higher than what their existing company is now quoting them.
The perks of the loyalty discount are often seen through accident/claim forgiveness.
Like the loyalty discount, a renewal discount relates to a company keeping existing business. A spring 2016 survey of current Surex customers showed the #1 reason customers switched their business over to us was because we found them a better price.
Once we’ve gained your business, if you always pay your bills, obey the law and don’t cause accidents, there’s a high chance that the insurance company we place your business with will want to keep you as a customer.
Rewarding you with a discounted price on renewal, when you do all of the above, is one way we build long-term customers.
Hybrid Vehicle Discount
If you drive a hybrid vehicle, insurance companies like to reward those that have an eye on being environmentally friendly.
Driving a hybrid vehicle can save you up to 10% on your auto insurance policy.
The longer you go without claims, the more comfortable insurance companies feel in your driving ability, which means they are willing to offer you discounts to earn your business.
If you haven’t had a claim for three consecutive years, a few insurance companies will begin to offer claims-free discounts. The majority of companies will offer claims-free discounts after six years.
Convictions-free driving relates to traffic tickets. Similar to the claims-free discount, the longer you go without tickets, the more friendly your car insurance rates will be.
It is important to note that photo-radar and parking tickets don’t count as traffic tickets, as far as affecting your auto insurance rates.
If you’ve gone three years without a driving conviction, it’s a good idea to see which companies are willing to recognize your improved driving by offering you a discount on your car insurance.
Having good credit is one of the easiest ways to save on car insurance.
Insurance companies prefer to have customers who always pay their bills. A good credit score shows that you consistently pay the bills you’re responsible for. To earn the business of those with good credit, most insurance companies will offer a large discount to help earn your business.
Good credit can save you up to 20% on your car insurance policy.
Group (Affinity) Discount
Some companies will have relationships/partnerships with companies in other industries that benefit both businesses. For example, being a part of ‘’Company A’’ might lead to discounts when using the product or service of ‘’Company B’’, and vice versa.
Relationships like this exist with some insurance companies. If you’re a member of an organization or union, you might as well let your personal broker know to see if there is any way it can have a positive impact on your car insurance rates.
Experienced Driver Discount
Once you've been driving for five years (not including your learners/probationary time), companies will have a good idea on the calibre of driver you are based on your claims and convictions history.
If you’re from outside of Canada and new to the country, or a new driver all together, this should add further incentive for you to be the best driver you can.
If your driving record is clean for the first five years of your experience, you can save up to 20% off your auto insurance, compared to if you have an at-fault claim or infractions on your record.
Short Commute Discount
A short commute is classified as a one-way drive to work being under 7km.
The less you drive, the lower your chances of being involved in a car accident. If you don’t commute to work (you get to work via public transit, walking, riding your bike, etc.) your car insurance will be even lower. Your driver classification will be ‘’pleasure’’ and not ‘’commute’’, which can save you up to 15% on your car insurance policy.
This applies to post-secondary (college and university) students.
There isn’t a flat percentage discount given to students, rather the discount is given with an increase in driver’s class rating. As your driver’s class rating increases, your car insurance rates decrease.
An increase in driver’s class rating could save you up to 15%, depending on your current standing.
Smart Move Discount
Just as companies want to keep customer who always pay their bills (see Good Credit Discount), competing companies will want to acquire those clients, too.
One of our companies offers a ‘’Smart Move Discount’’ which is when a customer has a certain driving record (Driving Record 6, 8 or 9), hasn’t been canceled for non-payment for three years or more and has been with the same insurance provider during that three years or more window. This discount allows a new customer to save 5% on third party liability or 15% on collision and comprehensive coverage.
This discount is a little tricky. Newer vehicles that come with a stock car alarm already installed don’t qualify for this discount (it’s already factored in with the year, make and model of the vehicle).
This discount relates to vehicles, usually older, that don’t come with a stock alarm system. If you have a receipt showing the alarm system you purchased AND verification that it was professionally installed, you could save up to 10% on your car insurance policy.
Mature Citizen Discount
The insurance industry is like many other industries in the sense that it offers savings to seniors.
If you’re 60 or older, you’re eligible for a Mature Citizen Discount.