Dear valued customers, as you must all be aware of COVID-19 and the strict protocols which have been implemented nationally, it is important that we continue to provide facilities to look after our current and prospective customers needs. Effective March 18th, 2020, My Insurance Broker closed its corporate offices and has since had all members of its staff and broker partners working from home. Although we maintain a few members of our team to continue to maintain administration functions, our doors continue to be temporarily closed to the public. We can however maintain all your queries through one of our secure alternative channels. Existing Clients: Please call us on our toll-free line or contact your broker directly. Our blog is constantly being updated and will have more information on ways to manage your policy, changes, and requests from the comfort of your home. Check back for this information and other useful tips while managing COVID-19 soon. New/Prospective Clients: Shopping has never been easier through our Online Quoter. Please complete your details online and one of our insurance specialists will contact you to discuss your coverage and premium. All of our agents are equipped to bind coverage over the phone so we’ve got you covered. No paper, no complicated emails or forms. One calls and have your policy in place over the phone! x

Compare rates on car insurance.

The perfect blend of savings and coverage.

September 1, 2016  •   1 minute read

Retiree Discount

Auto Insurance Discounts Expained

Why does being retired or mature affect my insurance premium?

Insurance companies know that as a retiree/mature driver you are a lower risk driver and they will reward you with a Retiree/Mature Driver Discount. As a retired driver in Ontario you will qualify for a discount on your auto insurance policy. There are some eligibility requirements surrounding this discount. Some insurers will disqualify you if you hold part-time employment or any employment.

Additionally, insurers reward experience with a Retiree/Mature Driver Discount. The Retiree/Mature Driver Discount differs from the Age Discount because the Retiree Discount is given as an additional discount that is offered to mature drivers, typically over the age of 50.

How much can I save on insurance when I retire or mature?

Being a retiree/mature driver can affect your insurance premium, and you may be eligible to save between 5 – 10%. See what the Insurance Board of Canada thinks of age as a factor for insurance premiums.

Questions? I'm here to help.
Get your insurance quote over the phone—in minutes!
We are available M-F 9am-6pm and will call you as soon as possible. Feel free to call us at 1 (855) 482-5001 During normal business hours.