What Is Good Student Discount for Car Insurance

Teens usually pay a higher auto insurance rate due to their age group’s accident statistics. National Highway Traffic Safety Administration studies show that on average, drivers under age 20 have more accidents, drive faster and attend to be distracted easier while driving in comparison with older drivers. However, several factors can help teen drivers lower their rates, including being a good student. Find out more about good student discount for car insurance and check our website for free car insurance quote.

Hitting the books will save you important money on your car insurance. Good students can often get more than 15 percent savings on insurance premiums. Depending on the insurance company selected, this discount can go as high as 25 percent. Remember that not all insurance companies offer a discount for good students, so you should shop around until you find one that does. If you are on your parents’ insurance and your brothers and sisters also get good grades, you might not get the full discount. Discount rules vary by state and by insurance carrier.

Many insurance companies claim that students with good grades spend more time at home studying and less time on the road, driving. Insurance carriers say a good student makes better choices, which translates to better decision making when driving. A good student is also deemed more responsible, making her a better insurance risk than her less-studious friends. These are the reasons why insurance companies provide good student discount.

In order to qualify for the discount, you must be full-time student aged 16 to 24. There are several typical requirements:

• You must maintain a B average or 3.0 grade point average and be able to prove it with a recent report card.
• Being on the honor roll or Dean’s list puts you in the good-student classification.
• High college-prep test scores like the SAT, PSAT or ACT also serve as proof, and may be the best option for home-school education.

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by Ciprian Gurgu