White-Tiger Posted June 6, 2007 Report Share Posted June 6, 2007 Anyone know of a car insurance company in Canada that recognizes our special status as Med Students and offer a discount? I'm still under 25 and single and this keeps my premiums high. Link to comment Share on other sites More sharing options...
Maxime Posted June 7, 2007 Report Share Posted June 7, 2007 Hey WhiteTiger, A lot of people in my class (me included) get our car insurance at Dale Parizeau (DPLM). They will beat by 10% the lowest price you can find(as long as you're a med student). When I signed up, they also had an offer on which they gave you $250 if you bought new winter tires (not sure if it's still valid though). Their rates are really good. Just to give you an idea, at 26, male, on a 2006 civic, I pay 700 tax included, both sides Pretty hard to beat! Max Edit: here's the link: http://www.dplm.com/etudiants_medecine/default.htm Apparently, they still offer the winter tire deal (they need to have been bought 6 months before signing, or 6 months after for the deal to be valid). Link to comment Share on other sites More sharing options...
leviathan Posted June 7, 2007 Report Share Posted June 7, 2007 Hey WhiteTiger, A lot of people in my class (me included) get our car insurance at Dale Parizeau (DPLM). They will beat by 10% the lowest price you can find(as long as you're a med student). When I signed up, they also had an offer on which they gave you $250 if you bought new winter tires (not sure if it's still valid though). Their rates are really good. Just to give you an idea, at 26, male, on a 2006 civic, I pay 700 tax included, both sides Pretty hard to beat! Holy crap...I pay $3700/year for a 2003 Civic...with comprehensive and collision insurance in the package. Link to comment Share on other sites More sharing options...
NLengr Posted June 7, 2007 Report Share Posted June 7, 2007 Holy crap...I pay $3700/year for a 2003 Civic...with comprehensive and collision insurance in the package. How old are you? If you are under 25, it costs a lot more for insurance because you are in a higher risk bracket. It also depends on your province. The key is to shop around. Currently I pay $1800 for myself and my girlfriend on a 2004 Echo Hatch RS, full everything and $1,000,000 liability. That's as a 24 year old. I'm insured as a 25 year old coming this fall (I was 24 last fall when I renewed). The insurance company told me to expect a fairly big drop in my rates. I'm with TD Melloch Monnex. The CMA may have a group rate with an insurance company. I got my insurance from our group plan with PEGNL (NL's Professional Engineering governing body). Link to comment Share on other sites More sharing options...
kaymcee Posted June 7, 2007 Report Share Posted June 7, 2007 Y'know what I love? Crown corporations. 23 year old single male, 2004 Civic: $1200. I promise to never, ever complain about my insurance rates. Link to comment Share on other sites More sharing options...
leviathan Posted June 15, 2007 Report Share Posted June 15, 2007 How old are you? If you are under 25, it costs a lot more for insurance because you are in a higher risk bracket. It also depends on your province. The key is to shop around. Currently I pay $1800 for myself and my girlfriend on a 2004 Echo Hatch RS, full everything and $1,000,000 liability. That's as a 24 year old. I'm insured as a 25 year old coming this fall (I was 24 last fall when I renewed). The insurance company told me to expect a fairly big drop in my rates. I'm with TD Melloch Monnex. I'm 22. It doesn't work like that in BC though. It goes not by age, but by the number of years of driving experience without an accident. I have a 10% discount right now off the base rate...but still, that's a huge difference. Link to comment Share on other sites More sharing options...
Orchid Posted June 15, 2007 Report Share Posted June 15, 2007 Y'know what I love? Crown corporations. 23 year old single male, 2004 Civic: $1200. I promise to never, ever complain about my insurance rates. hey, could you tell me a bit more about this? I'm not a med student (yet, lol) but just curious how your rate is pretty good for your situation! Link to comment Share on other sites More sharing options...
NLengr Posted June 15, 2007 Report Share Posted June 15, 2007 hey, could you tell me a bit more about this?I'm not a med student (yet, lol) but just curious how your rate is pretty good for your situation! I'd guess he's in BC or one of the other public insurance provinces. Link to comment Share on other sites More sharing options...
kaymcee Posted June 15, 2007 Report Share Posted June 15, 2007 hey, could you tell me a bit more about this?I'm not a med student (yet, lol) but just curious how your rate is pretty good for your situation! NLengr is exactly right. Link to comment Share on other sites More sharing options...
leviathan Posted June 17, 2007 Report Share Posted June 17, 2007 I'd guess he's in BC or one of the other public insurance provinces. LOL!!! Good luck paying $1000/year for insurance in BC. Public insurance is BAD. Anytime you have a monopoly..it's very bad news. Link to comment Share on other sites More sharing options...
White-Tiger Posted June 25, 2007 Author Report Share Posted June 25, 2007 Recognize your 'special status'?! You facking twat, being in med school does not make you special. I'm a janitor. Worst job ever. Do I get special deals? I don't see why I'm replying to a troll. But in general, med students tend to be more responsible than your average 22-23 yr old, and hence, this should be considered a "less risky" category. Besides, if you work on the same principle as the banks, they likely want to start insuring you now so that when you become a doctor and drive that expensive mercedes, they already have your business and your money coming in... Link to comment Share on other sites More sharing options...
NLengr Posted June 25, 2007 Report Share Posted June 25, 2007 I don't see why I'm replying to a troll. But in general, med students tend to be more responsible than your average 22-23 yr old, and hence, this should be considered a "less risky" category. Besides, if you work on the same principle as the banks, they likely want to start insuring you now so that when you become a doctor and drive that expensive mercedes, they already have your business and your money coming in... It's more likely that you would get a discount because the CMA or one of the provincial associations has a discount group plan with an insurance company. The whole "more mature" thing is highly debatable and, I expect, not backed up by data. Insurance companies work on data and hard numbers. Professional Association Group Plan is how I got my rate at Melloch Monnex. PEGNL has one with them. Link to comment Share on other sites More sharing options...
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