What auto insurance discounts are you eligible for?
To find out what types of auto insurance discounts Canadian drivers can avail of, Insurance Business checked out the policies of some of the country's top car insurance providers. Here are the most common rate-reduction schemes these companies offer. The list below is categorized into discount types. Read more: Survey: Majority of Canadians lack auto insurance literacy Policy discounts 1. Bundling discount All insurers considered for the list offer discounts for policyholders who combine different insurance products. Bundling auto and home insurance with the same provider, for example, allows homeowners to slash up to 20% from their car policies. Tenants can also combine their auto and renters' insurance to save on premiums. 2. Multi-vehicle discount Another popular money-saving perk, insurance companies typically reduce premiums by as much as 15% for…