What You Need to Know About Car Insurance for Students

The first thing you need to know about car insurance for young drivers in Canada is that it’s not going to be cheap, especially for those who are 24 years of age or younger. 

Most people who are in this age group are either in high school, college, or university and unfortunately, they are also the ones who are at a higher risk for car accidents. For this reason, they pay the highest premiums for insurance, too. For insurance companies, these young drivers may not have enough driving experience to have an excellent record and earn discounts. 

The truth is, you’d be hard-pressed to find a single insurance company that will offer car insurance for young drivers at an affordable price, but there may be some ways to save money on insurance for young drivers:

Avoid Gaps in Your Insurance History

A car insurance company will make you pay more if you have a gap in your insurance history. It’s also important that you keep your insurance policy active. While you may be tempted to cancel your policy when you no longer need it, like if you’re moving somewhere else for college and won’t be bringing your car with you, Insurance companies ideally like to see someone with consistent insurance history.

Know What Discounts You Could Be Eligible for

Some discounts may be easier to qualify for than others, but if you have a solid driving record so far, as shown in your records as a secondary driver on your parents’ insurance records, it will have an impact on your premiums as a student when you’re finally getting your own insurance.

Some types of discounts to ask about include:

  • Multi-car discount
  • Post secondary student discount
  • Credit score discount
  • Driving training discount


The thing about car insurance for young drivers in Canada is that it’s not cheap. Luckily, there are some things you can do to save money. You just need to know about them and how to apply them. If you need help, it’s a good idea to speak with a Lethbridge insurance company or broker who can give you more information on the policies and premiums that you need to understand.

Kirkham Insurance is a trusted Lethbridge insurance company that offers an array of insurance products, including car insurance for students. Get in touch with us to find out more about our carn insurance!

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