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Alumni Discount

Auto Insurance Discounts Expained

By Derek Visser  •  My Insurance Broker
August 29, 2016  •  1 minute read

Why does being a university or college graduate affect my insurance premium?

Being a university or college graduate can save you big on insurance. Auto Insurance companies recognize drivers who complete their post-secondary education in Ontario by rewarding them with discounts. Being an alumni of a university or college is indicative of you investing in yourself which insurance companies recognize as potential risk reduction behaviour. As a result, you can be rewarded for having graduated from a professional program recognized by insurance companies. The sooner you complete your post-secondary studies, the sooner you can begin to build a safe driving record and take advantage of these savings among others such as the Conviction Free Discount.

How much can I save on insurance by being a university or college graduate?

Being a college or university alumni can affect your insurance premium. After studying hard and showing your dedication to your personal development, you may be eligible to save between 5 – 15%.

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