Auto Insurance Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Alarm or anti-theft discount
Birth date
Damage to non-owned automobiles (No. 27)
Multi-line discount
Multi-vehicle discount
Number of drivers

Alarm or anti-theft discount
You could get a discount if you have an approved alarm or anti-theft device installed in your vehicle.

Birth date
In most provinces, insurance premiums will vary depending on age. For example, full-time students and retirees fall into different age groups whose rates are different. However, note that in Nova Scotia, age is not a factor and will not affect insurance premiums.

Damage to non-owned automobiles (No. 27)
If you need to rent a car for a short term, this option provides you with collision and comprehensive coverage on the rented car. This type of insurance can get expensive if you purchase it from a rental car company. Some of these companies charge up to the same amount per day for this coverage, as you pay for a year's premium.

Multi-line discount
If you have both your home and automobile policy with us, you could receive a discount.

Multi-vehicle discount
This discount applies if you have more than one vehicle insured with us. If you've received a quote for more than one car from us, then this discount is already factored into your quote.

Number of drivers
Insurance companies consider the number of different people that drive your vehicle, and their insurance record. Generally, the more people that drive your vehicle, the higher will be your insurance premium.


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