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How an alumni discount can help you save on car insurance

  • August 26, 2022

While you may have moved on from your university or college days, your alma mater can actually help lower your car insurance rate.

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While you may have moved on from your university or college days, taking with you only memories, a degree, and maybe student debt, your alma mater can actually help lower your car insurance rate.

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Depending on the insurance provider, university and college graduates across Canada can access discounted auto insurance rates as part of an alumni group discount, alongside other perks such as lower home, life, and health insurance, and discounts at local attractions and retailers.

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These discounts can be a win-win for both insurance providers and alumni associations alike because insurance companies can gain a larger volume of business and association members can benefit from cheaper prices.

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How do I know if I’m eligible for an alumni discount on my car insurance?

The best way to check if you’re eligible for an alumni discount on your car insurance is to visit your university’s alumni page or contact the alumni association directly.

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Excluding institutions in British Columbia, Manitoba and Saskatchewan (where auto insurance is publicly run), the vast majority of universities in Canada offer alumni car insurance discounts, in addition to home, tenant, and condo coverage.

For example, the University of Alberta, the University of Toronto, McGill University,

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