The Good Student Discount is a type of car insurance discount that is available to students who maintain good grades in school in Canada. Insurance providers offer this discount as a way to reward students who demonstrate responsible behavior in their academic and personal lives.

The eligibility criteria for the Good Student Discount can vary by insurer, but typically you will need to:

• Be a full-time student (usually defined as being enrolled in at least 12 credit hours per semester or quarter)
• Maintain a minimum GPA (usually 3.0 or higher, although some insurers may require a higher GPA)
• Be under a certain age (usually 25 or younger, although this can vary)

The amount of the discount can also vary by insurer and province, but it typically ranges from 5% to 15% off your car insurance premium. The discount may be applied to the liability, collision, and comprehensive coverage portions of your policy.

Not all insurers offer a Good Student Discount in Canada, and some provinces may have specific regulations around the use of academic data in insurance rating. If you’re a student and you’re interested in this discount, be sure to ask your insurance provider if it’s available and what the eligibility requirements are.

Are There Good Student Car Insurance Discounts In Canada?

Here are some good student car insurance discounts in Canada, broken down by province:

Ontario:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 10%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Multi-vehicle discount: If you have more than one car insured with the same provider, you may be eligible for a discount of up to 15%.

Quebec:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 15%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Multi-vehicle discount: If you have more than one car insured with the same provider, you may be eligible for a discount of up to 15%.

British Columbia:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 10%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Telematics discount: If you use a telematics device to monitor your driving habits, you may be eligible for a discount of up to 25%.

Alberta:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 10%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Multi-vehicle discount: If you have more than one car insured with the same provider, you may be eligible for a discount of up to 15%.

Manitoba:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 10%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Multi-vehicle discount: If you have more than one car insured with the same provider, you may be eligible for a discount of up to 15%.

Saskatchewan:

• Good student discount: This is typically available to students who maintain an average of at least 80% in their studies. The discount varies by insurer, but can be up to 10%.
• Winter tire discount: If you have winter tires on your car, you may be eligible for a discount of up to 5%.
• Multi-vehicle discount: If you have more than one car insured with the same provider, you may be eligible for a discount of up to 15%.

Average student car insurance cost

The average cost of car insurance for a student in Canada can vary significantly based on a number of factors, including the student’s age, driving record, location, and the type of car they drive. However, here are some rough estimates of the average car insurance cost for a student in each province:

Ontario:

• Before Good Student Discount: $3,500 – $4,000 per year
• After Good Student Discount: $3,150 – $3,600 per year

Quebec:

• Before Good Student Discount: $1,800 – $2,200 per year
• After Good Student Discount: $1,530 – $1,870 per year

British Columbia:

• Before Good Student Discount: $2,500 – $3,000 per year
• After Good Student Discount: $2,125 – $2,550 per year

Alberta:

• Before Good Student Discount: $2,500 – $3,000 per year
• After Good Student Discount: $2,250 – $2,700 per year

Manitoba:

• Before Good Student Discount: $2,000 – $2,500 per year
• After Good Student Discount: $1,800 – $2,250 per year

Saskatchewan:

• Before Good Student Discount: $1,800 – $2,200 per year
• After Good Student Discount: $1,620 – $1,980 per year

Keep in mind that these are just rough estimates and the actual cost of car insurance for a student can vary based on a number of factors. Additionally, the Good Student Discount may not be available from all insurers in all provinces.

What Insurance Companies Offer Good Student Discounts?

Many car insurance companies in Canada offer Good Student Discounts to eligible students. Here are some of the major insurance companies in Canada that offer this discount:

• Intact Insurance
• TD Insurance
• Desjardins Insurance
• Aviva Canada
• Economical Insurance
• Allstate Insurance
• State Farm Insurance
• Co-operators Insurance
• Wawanesa Insurance
• Johnson Insurance

What Other Discounts Could Students Qualify For?

In addition to the Good Student Discount, there are other car insurance discounts that students in Canada may be eligible for. Here are some of the most common:

• Multi-vehicle discount: If you have more than one vehicle insured with the same insurance provider, you may be eligible for a discount on both policies.
• Winter tire discount: If you have winter tires installed on your car during the winter months, you may be eligible for a discount on your car insurance premium.
• Telematics discount: Some insurance companies offer discounts for drivers who install a telematics device in their car to monitor their driving habits.
• Graduated licensing discount: Drivers who have completed a graduated licensing program may be eligible for a discount on their car insurance premium.
• Group discount: Some insurance providers offer discounts to members of certain organizations, like alumni associations or professional associations.
• Safe driver discount: Drivers who maintain a clean driving record (i.e., no accidents or tickets) may be eligible for a discount on their car insurance premium.

How Can A Student’s Credit Score Affect Their Car Insurance?

In Canada, your credit score can affect your car insurance premium in some provinces. Insurance companies use your credit score, along with other factors such as your driving history, to determine your risk as a driver and to set your car insurance premium.

In some provinces, including Ontario, British Columbia, and Newfoundland and Labrador, insurance companies are allowed to use your credit score as a factor in setting your car insurance premium. In these provinces, a higher credit score can result in a lower insurance premium, while a lower credit score can result in a higher insurance premium.

However, in other provinces, including Quebec, Manitoba, and Saskatchewan, insurance companies are not allowed to use your credit score as a factor in setting your car insurance premium. In these provinces, other factors such as your driving history and the type of car you drive are used to determine your insurance premium.