Calling All Good Students: Auto Insurance Discounts Await You

June 4, 2019

There’s a lot going on in life when you’re in high school and college. The future is bright and you have a lot of decisions to make – life can feel hectic. Thankfully, when you’re a student, discounts are almost everywhere you look. That goes for your auto insurance, too. If you have good grades, insurance companies will reward you with discounts!

When you’re younger, car insurance rates are much higher than those who are more experienced drivers. That’s because when you’re younger, you’ve had less time on the road – which equates to being a bigger risk to your insurance company. You’re more likely to have to file an insurance claim, and cost your insurance provider more money.

You can expect a 10%-15% discount off of your premium for showing you are a good and focused student in school. High school and college student the ages of 25 and below are eligible. Of course, in order to get the discount, you’ll need proof of your achievements – the following are valid proof of being a good student:

Class ranking of top 20% of your class
Grade point average of 3.0 or “B”
Good Standardized Test Scores (SAT, ACT, PSAT)
Associates Degree
Bachelors Degree
Dean’s List or Honor Roll
Signed letter by academic administrator proving your academic achievements

When you can show your insurance provider that you pose less risk, you get discounts on your premium and deductible. Most auto insurance companies offer a Good Student discount, such as:

GEICO

GEICO offers three ways to earn a student discount on auto insurance. A good student discount, a good driver discount, and an affinity membership discount.

AllState

Eligible drivers must be aged 16 to 24, and maintain a grade average of “B” or better. Homeschooled drivers must show proof of performing at or above the 20th percentile in the PSAT, SAT, or ACT.

Progressive

Progressive’s good student discount requires the ongoing maintenance of a “B” or better-level GPA. Progressive’s college student savings offer is eligible to college-enrolled drivers aged 22 or younger.

Nationwide

The resident student discount caters to college students leaving their vehicles at their parents’ home. The discount is eligible to policyholders with a college student residing 100 miles or further from their parents’ home

Farmers

To earn Farmers’ good student discount, a driver must be 16 to 24 years old, enrolled in school full-timeand maintaining an average grade of “B” or better. Earning Dean’s List or Honor Roll inclusion also qualifies a student for Farmers’ discount.

USAA

USAA requires to be top 20% of class, full time student, GPA of 3.0 or higher.

State Farm

State Farm offers discounts for students away from home, good drivers, and good students. To earn State Farm’s good student discount — of up to 25 percent — a driver must keep their GPA above 3.0.

Liberty Mutual

They offer a membership discount via an alumni association or professional affiliation and a student away from home savings package. The former requires you live 100 miles away from the residence listed on the policy.

The thing about the Good Student discount, is it can be stacked upon other discounts that your insurance provides – thus, more savings for you. Are you a good driver? Couple that with your good student discount and you could save up to $186 on your car insurance per year. Ask you provider to see if you qualify for the good student discount, and search around to see if you’re getting the best quote. It pays to be a good student.

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One Reply to “Calling All Good Students: Auto Insurance Discounts Await You”

Jagjit says:

June 5, 2019 at 4:25 am

I am in surrey bc canada my monthly insurance is almost 320 i have honda civic 4 doors 2003 this is to expensive the main thing is somebody hit my car in store parking lot that time am in store but i claim icbc 20 feb 2019 icbc investigation and 2 time i am going same accident place because investigator call me and ask me some information because there is a camera for parking lot sequrity but i don’t know why icbc very long time icbc my claim not finish also i have full coverage icbc not give me curtusy car i ask him but they said no from 20 feb to 1st of may. They investigation but i pay same amount 320 dollars after icbc said your car is total loss and icbc just pay me 2284 dollars but in claim period i almost pay 1000 dollars for monthly insurance so this is not a fare
Sir. Can you provide me any discount for my car insurance less than before monthly payment plz give me a response thanks

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