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 What Auto Insurance discounts are available?

We are committed to finding our clients the best value with auto insurance. Let us help by giving you a free auto insurance quote online or get your quote and buy now by calling 1 (855) 482-5001. Our offices are conveniently located across the Greater Toronto Area (GTA): Brampton, Mississauga, Richmond Hill and Toronto; we are also conveniently located in Windsor, Hamilton, Kitchener, London and Ottawa.

Auto Insurance Discounts are available from all Ontario auto insurance companies, although they vary by company. The following is a brief list of some of the commonly used discounts that may be available on your Ontario auto insurance policy. To see more detailed information about available discounts, visit our Knowledge Base.

Home and Auto Discount

It often pays to combine both your home and auto insurance policies with the same insurer. You may become eligible for a combined policy discount of typically 10%. You may qualify for this discount if it’s a homeowners, condo, or tenant insurance policy. Ask your broker which insurance companies are the best fit for you when combining home and auto policies.

Loyalty Discount

The longer you stay with your insurer the more likely they are to reward this with a loyalty discount. Often, if you have been with an insurance company for at least 3 years they will reward your loyalty with a discount of 5%. This is rewarded to you when you switch to a new company.

Retiree 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 including that you may not have any other part-time employment.

Mature Driver Discount

Insurers reward experience with an age discount, these increasing discounts are offered to mature drivers often over the age of 50.

Low Mileage Discount

Some insurers allow for discounts when you use your vehicle infrequently. Other discounts may apply depending on if your commute to work is shorter than average. Discuss with your broker if you think you are eligible.

Graduated (G) License Discount

Insurers recognize when drivers complete their graduated license in Ontario by rewarding drivers with discounts that often apply for G2 and G license completion.

Note: Advise your broker when a driver listed on your policy has updated the license they hold, they may be eligible for further discounts.

Increased Deductible

As a last option, ask your broker to provide you quotes with increasing deductible values. Keep in mind that your deductible must be affordable to you at the time of a loss.

Hybrid Car Discount

Many insurers in Ontario now offer special Hybrid Car Discounts if your vehicle is a fully electric or hybrid vehicle. This discount is typically 5%. The policy will automatically qualify for this discount if you have an eligible vehicle meaning you do not need to request this discount.

Telematics Discount

The better you drive, the more you save. The Telematics discount rewards you with a discount by assessing your acceleration, braking, and the time of day that you drive. It does not account for locations, so whether you are in Toronto, Mississauga, Windsor, or driving across Ontario, you can save. Simply plug the Telematics dongle into your car and drive. This means you can save up to 25%* on your car insurance at renewal.

NEW IN 2016 Winter Tire Discount

Beginning January 1st, 2016, you may receive a discount on your Auto Insurance premium when you install four winter tires on your vehicle. Discount varies by insurer. Contact your broker for more information.


 Auto Insurance Basics

Auto Insurance – What is it? And, why do I need it?

Auto Insurance is insurance you purchase to protect yourself and others from the financial risks associated with driving and owning a vehicle. Auto insurance coverage protects you financially in case of physical damage, bodily injury, property damage, and liability that may arise from accidents or traffic collisions. In Ontario, minimum amounts of coverage are recommended for each sub-type. For example, liability of $1,000,000 is often the minimum amount of coverage required by an insurer.

Whether you are driving a smart car weaving through the streets of downtown Toronto, or cruising on the Trans-Canada Highway in North Bay in your 4X4, by law in Canada you are required to carry Auto Insurance.

To learn which discounts you qualify for and the optimal balance of insurance for your needs contact one of our brokers at 1 (855) 482-5001. Below are the basic auto insurance coverage required and available to you as driver on Ontario roads.

Liability (Bodily Injury)

This coverage protects your legal liability if someone else is killed or injured or their property is damaged and you are found legally responsible for this action. This coverage will pay for legitimate claims brought against you. It will also pay for legal claims against you up to the limit of your coverage and will also pay for the additional costs of settling the claims. As an example, these additional costs may include lawyer’s fees.

In Ontario, you are required by law to carry a minimum liability limit of $200,000 on your auto policy. However, this is far from adequate if you should ever be unfortunate enough to have a large or catastrophic accident and we recommend a minimum of at least $1,000.000.

Most insurance companies will offer standard liability limits of either $1,000,000 or $2,000,000. As the Canadian legal environment changes we recommend carrying higher limits for all drivers. Additional liability coverage often comes at a small cost and should be considered as an option with your broker.

Accident Benefits

This is a mandatory coverage. It covers the costs of injuries or if you killed in an automobile accident anywhere in Canada and the United States regardless of who caused the collision.

Some of these benefits include:

You have many options to buy additional coverage beyond the minimum required by law. For more information regarding tailoring the right Accident Benefits coverage for your policy please consult with your broker at My Insurance Broker in addition to viewing further information on the Insurance Bureau of Canada’s website (www.IBC.ca).

Uninsured Automobile

This coverage protects you if you are injured or killed by an uninsured motorist or a hit-and-run driver to the extent that you were not at fault. This covers damage to your automobile caused by an identified uninsured motorist.

Direct Compensation Property Damage (DPCD)

An important part of the Ontario auto insurance policy, this coverage allows for you to claim for damage to your vehicle caused by someone else. This coverage will provide to the extent that you are not-at-fault in a collision with another vehicle, your own insurer will pay for damage to your vehicle.

Some brokers may refer to this as your ‘no-fault’ insurance, as it allows for two insured parties, both insured in Ontario, to collect directly from their insurer. The can expedite the claims adjusting and settlement processes, as you deal directly with your insurer. The most common deductible for this coverage is $0.

Collision or Upset

This important coverage pays for damage to your vehicle. You are covered in cases where you are at fault or damage has been caused by an unidentified vehicle or object. The deductibles for collision may range, some standard deductibles are often $500 or $1,000.

Many lienholders and lessors will consider this coverage mandatory. Specifically, if they have an insurable interest in the vehicle (i.e. you are still making payments on the vehicle then coverage is mandatory).

This coverage is often removed from older vehicles that have lost their resale value. Discuss with your broker to determine when you should consider removing this coverage.


This coverage pays for all insured damage to your vehicle except for collision damage (i.e. these types of claims may include fire, theft, windshield, and vandalism).

All Perils

This coverage is a combination of both the collision and comprehensive coverage. The main difference with this coverage, vs. just collision and comprehensive, is that it insures your vehicle against loss or damages if it were to be stolen. Specifically, if it is stolen by someone within your household or by someone you have hired to drive, service or repair your vehicle, steals it. Ex. If you were to take your car to a garage to get it repaired and an employee who is involved with the repairs to the vehicle steals it, you would be covered under this coverage.

It is the broadest coverage available for physical damage and it includes all types of coverage unless specifically excluded. By combining this coverage together you are also combining all types of these claims under one deductible.

Specified Perils

This coverage pays only for losses caused by perils specifically listed in the policy (primarily fire and theft).

 Auto Insurance Ratings Explained

It is sometimes difficult to understand the many factors that insurance companies use in determining insurance rates. While these factors do vary slightly from company to company, they are very similar across the board. The most common factors include the type of car one drives, driving record, the area in which one lives, whether or not one belongs to a group, demographics, and how the car is used.

The most common factor (besides driving record) that insurance companies use to determine the rates they will charge is the type of car that is being insured. A car with a better crash test rating will cost less to insure. This is because the occupants are less likely to be injured and file a claim for medical expenses. Also, a cheap used car will cost less to insure than a new car, as the amount that the insurance company would have to pay before the car is totaled is significantly less. For example, if somebody is driving around in a $100,000 sports car and wrecks it, their insurance might have to pay $20,000 in repair costs. However, if a person wrecks a junker worth three thousand, the insurance company will likely “total” it or write it off completely. In this scenario, the insurance company only loses $3,000 as opposed to $20,000.

The most commonly used and most important factor in determining insurance rates is driving record. If it shows any tickets or at-fault accidents in the last several years, insurance rates will be quite high. In some areas, even accidents that don’t show up as at-fault will raise rates. For example, if a driver was rear-ended at stoplight two years ago, this may increase their insurance significantly. An insurer may look at this accident as proof that one drives in high-risk areas. A high-risk area is usually a densely populated urban city. A large city means more cars in a smaller area, and this leads to more accidents. Living in a rural area can lead to insurance rates that are significantly lower as there are fewer cars that might cause an accident.

 Auto Convictions In Ontario

Driving convictions may affect your auto insurance rating in several ways depending on the number and type. Premium calculations vary by company.

To be eligible for most preferred rating plans, you must have a clear record or no more than one or two minor driving convictions (requirements vary by insurance company). Additional convictions usually result in the loss of your preferred status and discounted premiums. So, in addition to the police fine, your insurance costs can usually increase.

Insurance companies do not look at whether or not demerit points were assigned with a ticket. All minor convictions in essence have the same effect on your insurance premium in Ontario. It should be noted that parking tickets do not have an effect on your insurance rating.

Insurance companies may also levy a premium surcharge if you have several minor driving offences or one of the more serious offences under the Criminal Code of Canada or the Highway Traffic Act.

Remember, a conviction date is often not the offence date. Your conviction date for a minor offence will be on the date you either pay the fine or are convicted in court. This date should be used when rating for convictions on an auto insurance policy.

Minor Convictions

The list of minor convictions is not all-inclusive. Other moving violations, including new offences under an act governing highway traffic, may be considered minor, whether committed within or outside Canada, if not specifically named in the major or serious convictions list.

Crowding the driver seat • Defective brakes • Driver’s license violation • Failing to share the road • Failing to signal • Failure to wear a seatbelt • Failing to yield • Failing to yield to a pedestrian • Following too closely • Headlight offenses • Handheld device • Improper driving in a bus lane • Improper lane change • Improper opening of door • Improper passing • Improper towing, persons on sled, bicycle, etc. • Improper turn • Improper use of divided highway • Insecure load • Obstructing traffic • Overload • Railway crossing • Speeding • Stop sign • Stunting • Traffic light • Trailer passenger • Unnecessary noise • Unnecessary slow driving • Unsafe move • Unsafe or prohibited turn • Unsafe vehicle • View obstructed • Wrong way on one-way street

Major Convictions

Convictions for any of the following offences under any act governing highway traffic or under the Compulsory Automobile Insurance Act (CAIA), or under the Motor Vehicle Accident Claims Act (MVACA) or for any offence substantially the same committed within or outside Canada. This list is not all-inclusive.

Failure to report damage to highway property • Failure to report an accident • Failure to stop on request of or to obey directions of a police officer • Failure to obey school crossing stop sign • Insurance offenses • Improper passing of a school bus • School bus improper passing or fail to stop • School playground improper passing zone • Stunting

Criminal Convictions

Convictions for any of the following offences under the Criminal Code of Canada or under an act governing highway traffic or under any other act or for any offence substantially the same whether committed within or outside Canada or any convictions that appears on a driver record abstract as a Criminal Code conviction. This list is not all-inclusive.

Blood alcohol over limit .08 • Careless Driving, undue care or attention • Criminal negligence • Dangerous driving • Driving while under suspension • Driving without insurance • Drunk driving • Failing to obey police • Failing to remain at scene of an accident • Impaired driving • Operating motor vehicle with no insurance • Vehicular manslaughter • Racing • Refusing a breathalyzer

 Auto Insurance Telematics Explained

Better Driving = Bigger Savings: How Auto Insurance Telematics Works

You regard yourself as a cautious driver, never speed and you take extra precaution on the road. Auto Insurance Telematics can qualify you for discounts!

Auto Insurance Telematics also known as Usage-Based Automobile Insurance (UBI), allows you to have more control over your insurance costs and to benefit from exclusive discounts from your insurance provider. Telematics technology provides insurance companies with objective data on their clients’ driving behaviour in order to provide reductions on their premiums based on the following factors:

How do I obtain Usage Based Insurance from my Insurance Provider?

Step 1: Sign up for the Driving Discount Program

If you already have car insurance, sign up for the Driving Discount program today and start saving! If you are a new client, request a quick auto insurance quote from My Insurance Broker. Enrolling in the Telematics discount program automatically qualifies you for a 5% reduction on your insurance premium but if you are a good driver, you could be eligible for greater discounts!

Step 2: Install your Driving Discount Device

A few days after you sign up for the My Driving Discount program, you will receive a device in the mail which is to be plugged into your vehicle’s OBD (On Board Diagnostic) port. This can be located under the dashboard or close to the steering column. You will then receive an email with further instructions and information on potential savings.

Data collected by the My Driving Device are governed by strict privacy legislation as outlined by the Personal Information Protection and Electronic Documents Act (PIPEDA) and will only be used for the intended purpose.

Step 3: Start Saving

Depending on your driving habits, you could be eligible for a discounted rate of up to 30% on your premium. Enrol in the My Driving Discount program today and start saving!

Creating a Safe Driving Experience for all Road Users

In addition to saving on your auto insurance policy, by signing up for Usage-Based Automobile Insurance, you can help to create a safer driving experience for all road users, which can ultimately lead to fewer accidents and less congestion on our roads.