Extended Good Student Discount
My Insurance Broker
Aug 30th, 2016 at 03:58 pm • Richmond Hill, ON
Why does having good grades affect my insurance premium?
There are a few conditions that have to be met in order to qualify for this discount. The driver must be under 25 years of age and hold an average of 80% (A grade average) or greater. The student must be enrolled in full time studies in high school or an accredited college or university. In addition, you may be required to provide a transcript or report card to verify.
Special note: If you under 25 and are a graduate of an accredited college or university program of 3 to 4 years and your transcript shows a cumulative average of 80% (A grade average) or greater, the you may qualify for the Extended Student Discount (5 – 15% same as the Good Student Discount). If this applies to you, contact one of our brokers to make sure you get the discount!
How much can I save on insurance if I have good grades?
Getting good grades can affect your insurance premium, and you may be eligible to save between 5 – 15%. This means the better you do in school, the lower your insurance premium.