What Is Good Student Discount for Car Insurance

It’s not quite the surprise that teen students pay a higher price on car insurance due to their young age. Students looking for relief from the high cost of insurance do have some options. A couple of car insurance discounts designed specifically for students are available through most insurance carriers. Learn how to get a good student discount for car insurance. Check our website to learn more about saving money on car insurance.

teen-driverStudents who work hard to get good grades can earn a good student discount on car insurance. A good student discount is an added bonus for working hard on school work, because insurance companies have determined good students are also good drivers. Guidelines for getting the good student discount are not always clear cut across all carriers, but I will list the typical rules for receiving the discount.

  • Licensed driver age 16 to 25
  • Must have a 3.0 or higher grade point average
  • Student attending high school full time or college student with 12 credit hours or more
  • Verification of report card required
  • Student home schooled can qualify with proper documentation
  • Discount can be added and removed based on future grades

Good student discounts are a great way to save money on car insurance coverage for drivers in their teens or early twenties. A good student discount rewards students financially for doing well in school. Because all statistics prove that students who get good grades are less likely to get into a car accident, car insurance providers see them as lower risk drivers and offer savings on their rates, by providing several discounts. Some insurance companies may even continue the discount for a finite period after the student finishes school. The discount can be 10 to 15 percent if the young driver meets the previous requirements.

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