Do School Grades Affect Car Insurance?

In Ontario, car insurance rates are primarily determined by a variety of factors, including your driving record, age, gender, type of vehicle, location, and claims history. School grades are not typically used as a factor in determining car insurance rates in Ontario.

However, some car insurance companies may offer discounts for students who maintain good grades. These discounts are usually available for full-time students who have an average grade of at least a B or higher. The rationale behind this is that students who perform well in school are often more responsible and may be less likely to engage in risky behavior while driving.

Not all car insurance companies offer discounts for good grades, and the amount of the discount may vary. If you’re a student and want to see if you qualify for this discount, you should check with your car insurance company directly.

1. Ontario: As I mentioned earlier, school grades are not typically used as a factor in determining car insurance rates in Ontario. However, some car insurance companies may offer discounts for students who maintain good grades, usually a B average or higher.
2. Alberta: Similar to Ontario, school grades are not typically used as a factor in determining car insurance rates in Alberta. However, some car insurance companies may offer discounts for students who maintain good grades.
3. British Columbia: School grades are not a factor in determining car insurance rates in British Columbia. However, the province offers a discount to high school and post-secondary students who maintain a B average or better, up to a maximum of 25%.
4. Manitoba: School grades are not used as a factor in determining car insurance rates in Manitoba. However, Manitoba Public Insurance offers a Driver Education Discount of up to 33% for new drivers who have completed a driver education course and have maintained a good driving record.
5. Saskatchewan: School grades are not used as a factor in determining car insurance rates in Saskatchewan. However, Saskatchewan Government Insurance offers a Good Student Discount of up to 5% for high school and post-secondary students who maintain a B average or better.
6. Quebec: School grades are not used as a factor in determining car insurance rates in Quebec. However, some car insurance companies may offer discounts for students who maintain good grades.
7. Nova Scotia: School grades are not used as a factor in determining car insurance rates in Nova Scotia. However, some car insurance companies may offer discounts for students who maintain good grades.
8. New Brunswick: School grades are not used as a factor in determining car insurance rates in New Brunswick. However, some car insurance companies may offer discounts for students who maintain good grades.
9. Prince Edward Island: School grades are not used as a factor in determining car insurance rates in Prince Edward Island. However, some car insurance companies may offer discounts for students who maintain good grades.
10. Newfoundland and Labrador: School grades are not used as a factor in determining car insurance rates in Newfoundland and Labrador. However, some car insurance companies may offer discounts for students who maintain good grades.

It’s important to note that the availability and amount of discounts for good grades may vary among car insurance companies, and not all companies may offer this type of discount in every province. If you’re a student and want to see if you qualify for this discount, you should check with your car insurance company directly.