Canada: Why Did No One Tell Drivers About These 6 Massive Discounts?

Closely inspect your insurance bill before you pay it.
Updated July 2, 2018

Six surprising discount opportunities show that insured Canadian drivers may have overpaid. This is the trick your auto insurer does not want you to know.

In a study from Consumers’ Association of Canada, those paying the average rate may save $567.07 a year by finding the right insurer. This amount varies by the city. For example, in Calgary, the average savings was $475.14 and in Toronto it was $659.00.1 During June – 3,097 Canadian drivers have trusted this simple process to get extreme insurance discounts.

After much research and feedback, we've posted the following list of discounts that may very well help you find a winning insurance company. Without this guide, many of these discounts are difficult to find online, but please contact us if we've missed any discounts or if they've changed. Find our top 6 below (and how to save the most with them).

There are a few insurers that will give a discount for no traffic tickets within 3 years. Secondly, having no car accidents in the last 6 years shows to an insurer that you're skilled at avoiding accidents and your care while driving.

If you are over 21 years old, you are in at least one of 4 age brackets that will give you an extremely high discount. Each insurer greatly varies their discounts. Companies have a risk-calculator that assumes drivers become careful as they age. The surprising part is that a 34 and a 35 year old will pay dramatically different rates at one insurer, but nearly the same rate at another insurer. These exact age brackets vary by the insurer because they all use different sets of data they analyze.

The popular age brackets are if you're over 25 years old, you get the largest discount. Furthermore, if you're over 35 or 55, you'll get another discount. Those over 55 often get extra savings because they get a retirement or "pleasure use" discount.

Next, to max out your savings, this brings us to vehicle discounts.

If your car has anti-lock brakes, a factory-installed alarm, or air bags – you qualify for a discount. If you qualify for 2 or 3 of these discounts, the savings may be extremely high. If an insurance company believes your car is LESS likely to be in an accident, they'll give you big a discount because you have anti-lock brakes. It's the same thing if you have a car alarm or theft-deterrent features because they're now less likely to have to replace your vehicle.

Additionally, if you live in a qualified postal code or neighborhood without a lot of thefts, you can save even more. Has your agent told you these discounts?

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Consumer watchdog groups have warned that most major insurers unfairly hike up loyal customers’ rates just to maximize profits – insurers call it “price optimization.” This means your insurer goes through your shopping data and whether or not you're loyal customer of certain companies. Based on their results, they'll give you the highest rate they think you'll spend. Depending on the local laws, insurers are allowed to change their rates every 3 months.2 You never know when they will randomly increase your rates (at least, this is what it seems to be).

The rule to fight back is simple. To get the biggest savings, comparing discounted rates may help you find that winning auto insurer.

There are many Canadian auto insurers. Which insurer will give you the best rate?


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Discount Drivers shows how safe drivers are considered low risk to certain insurers. Comparing as many insurance rates as possible is an almost certain guarantee to get the lowest rate.

Many insurance companies see drivers as a huge financial risk. Some of these insurers have decided to reward good drivers (without a recent ticket) with highly discounted rates.

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