Find out if you are getting the fringe benefits of investing in snow tires – As of January 1st, 2016 auto insurance companies in Ontario are now required to offer a discount for snow tires.
The discount varies amount companies (between 2% and 5%) but their eligibility rules are fairly consistent. Here is a run down of the most popular insurance companies that we sell for at Youngs Insurance.
Retired? Have a private driveway? Have a child in school more than 100kms away? There are discounts for that, as well as many other scenarios that might apply to you. Give us a call so we can make sure your policy has all of the discounts you qualify for.
Aviva
- How much? 5%
- Number of tires? All Four
- Duration tires have to be on? November til April
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
Intact/Novex
- How much?3%
- Number of tires? All Four
- Duration tires have to be on? December 1 to March 31
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
- *Tires must be certified as winter tires by Transport Canada and have the Alpine symbol.
Jevco Insurance
- How much? 2%
- Number of tires? All Four
- Duration tires have to be on? December 1 to March 31
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
- *Tires must be certified as winter tires by Transport Canada and have the Alpine symbol.
Pembridge/Pafco
- How much? 5%
- Number of tires? All Four
- Duration tires have to be on? November to April
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
- *Tires must be certified as winter tires by Transport Canada and have the Alpine symbol.
Travelers
- How much? 2%
- Number of tires? All Four
- Duration tires have to be on? December 1 to March 31
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
Coachman
- How much? 2%
- Number of tires? All Four
- Duration tires have to be on? November 30 to March 31
- Portion of the premium the discount applies to: Liability, Accident Benefits, Uninsured Automobile, Direct Compensation – Property Damage, Collision and Collision portion of All Perils coverages.
- Proof required? No, but they could ask for a bill of sale of proof of installation at any time.
- *Tires must be certified as winter tires by Transport Canada and have the Alpine symbol.
