Do School Grades Affect Car Insurance?

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If you are just finishing up school and have good grades, you might be interested in finding out if you are able to get a discount on your car insurance because of your grades. Not all companies want to see your grades to give you a discount. Some companies are willing to be able to give you a discount just for going to postsecondary school. Here is a breakdown of the various provinces in Canada and if school grades influence car insurance in that area:

Alberta

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Yes, school grades do affect car insurance in Alberta. If you happen to get insurance in Alberta and are in high school or University, you can get a discount on your insurance. You must have proof that you received a good grade average. In order to make sure that you receive your discount the next year, you have to reapply for the discount and again show your grades.

British Columbia

In British Columbia, you must get insurance through the government. This does not mean that you can’t get a discount on insurance because of the fact you are a student. It just means that you likely are not going to be paying a whole lot of difference in your insurance premium because of getting good grades in school.

Manitoba

If you happen to live in Manitoba, you do have to get insurance through the government. Manitoba tends to have low insurance premiums, which is why they don’t offer much of a discount for people who get good grades in school.

New Brunswick

If you do live in New Brunswick, you tend to pay a fair amount for insurance. New Brunswick citizens don’t have the highest insurance in the country, but they do get some pretty good discounts on car insurance for having good grades. Make sure that you submit proof of your grades to your insurance company to be able to qualify for the discount.

Newfoundland and Labrador

If you are a student in Newfoundland and Labrador, you can get a discount on your insurance if you do have good grades. It is important to realize that grades aren’t the only thing that affects your insurance and having something like driver’s education on your insurance is going to have a much larger impact on your premium.

Northwest Territories

Yes, school grades do affect car insurance in the Northwest Territories. In the Northwest Territories, there is not a whole lot of people who get insurance as there is not a huge amount of people who live in the Northwest Territories. If you get good grades in school, you can still submit them to your insurance company for discount, you should just not expect astronomical discounts since insurance companies don’t have a whole lot of money to make in this area.

Nova Scotia

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If you happen to live in Nova Scotia, you can submit your school grades to have an impact on your car insurance. If you happen to live in Nova Scotia, it is important to realize that you are paying one of the lowest insurance premiums in the country. Because of this, you will find that not all insurance companies offer discounts for grades and any discount that is offered is not of much significance.

Nunavut

If you happen to live in Nunavut, you will likely be able to find insurance companies that will accept your grades. However, Nunavut has a very small population and you should not expect to get a very big discount if you happen to live here.

Ontario

Ontario is a province that has the most expensive auto insurance premiums in the country. Because of Ontario having the most drivers in Canada, it also has the most competition between insurance companies. It is for this reason, you will find that some insurance companies offer significant discounts for students who get good grades.

Prince Edward Island

If you live on Prince Edward Island and are looking to get a discount on car insurance, you are likely going to have a hard time getting one by just submitting your grades. Prince Edward Island has extremely low insurance rates and insurance companies don’t offer much in terms of discounts for good grades.

Quebec

If you live in Québec, there are a fair amount of insurance companies that are competing for your business. Québec has a fair size population in it and there are insurance companies that offer a decent discount for students that get good grades.

Saskatchewan

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If you live in Saskatchewan, you must get insurance through the government. Saskatchewan does offer reasonable discounts to students who get good grades. If you happen to live in Saskatchewan, it could definitely be worth looking into, however, you may have to look hard to be able to get a significant discount due to the lower average premium rates in the province.

Yukon

If you happen to live in the Yukon and are looking to get a discount on your insurance, you can. There are a lot of companies willing to give a discount to student citizens of the Yukon territory to get their business, as it is one of the larger Canadian territories.

To Conclude:

No matter where you live in Canada, you should be eligible for some sort of a discount if you have good grades. Certain provinces might require higher standards than others because of different scoring systems, which is important to keep in mind. However, if you are still in postsecondary school and are looking to find a way to be able to get a discount on your insurance, you should keep in mind that almost all insurance companies do give discounts to drivers who get good grades in postsecondary.