It’s that time, back to school is around the corner! There’s no doubt that sending your child to school is costly, but did you know that this may entitle you to possible car insurance discounts? We’ve shared everything you need to know.
If your child is heading off to college or university, you need to understand all the potential back-to-school discounts available - we’ve broken down the top four below. If you think you may be eligible, contact your insurance broker today.
Understanding Awesome Back to School Car Insurance Discounts
Discount #1 | Student Away at School
If your child is listed on your car insurance policy but isn’t bringing a vehicle to school, you may benefit from the Student Away at School Discount. This discount is applicable for a child under the age of 25 who have limited access to your car while living temporarily away from home and attending school, college, or university. Some restrictions apply with regards to how far the school is away from your home.
Discount #2 | Good Student
With this discount hard work pays off, especially when it comes to good grades and car insurance! With the Good Student Discount if your child is under the age of 25 years old and earns an “A” average (80% or higher) they may be eligible for an additional discount.
Discount #3 | Driver Training
As a newly licensed driver, your child can potentially save money on car insurance by successfully completing an accredited driver’s training course. The Driver’s Training Discount typically only applies for up to three years after passing the course.
Discount #4 | Multi-Vehicle
If your child is taking a car to school, you should speak with your insurance broker to ensure they are listed as a primary driver on the insurance policy, as this will ensure they have proper coverage. If the car is in your name, you may add it to your existing auto insurance policy to benefit from multi-vehicle discounts.
If your child is headed back to school, make sure you speak with your insurance broker to see if you’re eligible for these discounts. Please be advised that not all the coverage options and discounts shared above are available through every insurance provider.
Also, since you’re here, you should read this as well, Is Your Child’s Laptop Insured While Away at School?
This article was originally published in August 2017 and has been updated as of August 2021.
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