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Student Insurance Options and Discounts

Posted Aug 29th, 2016 in Auto Insurance, Did You Know?, General, Home Insurance, Insurance Tips

Since it is that time of year when everyone heads back to school, we thought it would be helpful if we shared insurance options and discounts that are available to students!

Back to School DiscountsDiscounts for Back to School, Youngs Insurance, Ontario

At Youngs Insurance, we pride ourselves on keeping our customers informed, especially on discounts and coverage options available to them. If you have a child who is headed back to school this September, they (and you) may benefit from the following three insurance option discounts.

Protecting their personal property while at school.

If your child is away at school, college or university you can extend your current homeowners or tenants insurance to your child. Your insurance can be extended to provide both liability and contents

coverage (insuring their personal property). The only stipulation here is that your child must intend on moving back to your residence at the end of the school year. 

Premium discount for occasional drivers.

Is your child attending school, college or university that is more than 100 kilometers from your residence? If so, they may qualify for a discount of 50% off their yearly insurance premium. The great part is that with this option, your child is still gaining insurance history, but at a reduced rate while away at school.

Good grades equal an insurance discount.

Aren’t good grades fantastic? I bet you didn’t think they could save you money on your insurance, but they can! If your child receives an “A” average or 80% (or higher) they may be eligible for a 10-15% discount off their insurance premium. If applicable, a copy of the student’s transcript/report card must be made available to their/your insurer. However, please note that this discount is only for those 25 years old and younger.

Please be advised that not all of the coverage options and discounts above are available through every insurance provider. Contact Youngs Insurance today to see if your child is eligible for any back-to-school discounts, or get a no-obligation quote today!

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