Car Insurance Discounts for Good Students

Can good grades lower car insurance rates? If your insurance provider offers a good student car insurance discount, young drivers who get good grades can save on car insurance. 

Because car insurance for younger drivers is so expensive, we recommend applying for as many auto insurance discounts as possible to reduce your auto insurance rates. Generally, good students can save on both high school car insurance and college car insurance, depending on the insurance company. 

Continue reading to learn more about how to get good student discounts and other ways to lower the cost of auto insurance for teens and young drivers.

How to Get A Good Student Discount for Car Insurance 

Getting a good student discount is straightforward, as long as your auto insurance company offers it and your grades and age meet the insurance company’s requirements.

Get Good Grades in School 

Before applying for a good student discount, it’s important to ensure that your grades are good enough to qualify. Generally, most auto insurance companies want students to have a grade average of at least 3.0 (B) or higher. 

Some other common requirements for a good student discount are as follows: 

• Must be a full-time high school or college student
• Must be between the ages of 16 and 25 
• Have a grade point average of 3.0 or higher 
• In the upper 20% of their class 

These are the requirements you will see at most auto insurance companies. If you don’t meet them, you may not be able to get a good student discount. 

Pick a Company With Good Student Discounts 

As we stated earlier, not every auto insurance company offers a good student discount. Some of the auto insurance companies that offer good student discounts are: 

• Allstate auto insurance
• American Family auto insurance
• Country Financial auto insurance 
• Farm Bureau auto insurance 
• Farmers auto insurance
• Geico auto insurance 
• Liberty Mutual auto insurance 
• Nationwide auto insurance 
• Progressive auto insurance 
• State Farm auto insurance 
• Travelers auto insurance 
• USAA auto insurance 

Bear in mind that these insurance companies may not offer good student discounts in every state. So if there is a company you are interested in, make sure to check the fine print.

One company may initially seem to be the better deal because it has the largest good student discount. But if its base rates are higher than other companies, you actually won’t end up saving that much. 

Best Companies With Good Student Discounts on Car Insurance 

So which are the best companies with good student discounts? Some of the best auto insurance companies are Geico and State Farm, where the rates are already economical before the good student discount. 

As we’ve mentioned, just because one of the auto insurance companies offers a bigger discount doesn’t necessarily mean it’s the cheapest option. We recommend getting quotes from a few different companies to see which one will save you the most on auto insurance with a good student discount. 

Provide Proof of Good Grades 

If you meet the requirements for a good student discount and are with an insurance company that offers one, then the next step is to submit proof of your grades to your provider. This could be in the form of standardized test scores, school transcripts, or whatever documentation your insurance company requires. 

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Average Rates For Young Drivers in Their 20s 

Discounts for young drivers are important. They are often charged some of the most expensive rates. Below, you can see the average rates for drivers in their 20s without any discounts. 

Good student discounts, along with other discounts, can help you save on car insurance no matter what age you are. 

Additional Car Insurance Discounts for Young Drivers 

In addition to young student discounts, there are a few other discounts that you can ask for to save money on your car insurance policy. Take a look at them below. 

Bundling Discount 

A good discount is a bundling discount, where insurance companies offer you a significant discount on auto insurance if you bundle insurance policies from them. For example, parents could bundle home and auto insurance, or if students are living away at school in a rented apartment, parents could bundle home and renters insurance. 

Driver’s Education or Training Programs Discount

Some insurance companies will offer driver’s ed discounts if you participate in a school or approved company’s safe driving training program. Not all insurance companies will have their own training program, but it is worth looking into if your insurance company does. 

Safety Features Discount 

Whether you are a young driver looking for a car or a parent buying a car for a young driver, it is important to look for vehicles with safety features and good crash ratings. 

Most companies will offer discounts for safety features like anti-theft systems, tracking devices, and electronic stability control. Cars that have easy-to-find and cheap replacement parts will also be cheaper to insure.

Student Away Discount 

If you’re looking for car insurance for college students, you may be able to apply for a student-away discount if your child is going away for school. Generally, students must be attending school at least 100 miles away from their home address and not have a car with them on campus.

The Final Word on Car Insurance Good Student Discounts 

If your insurance company offers a good student discount, applying for one is straightforward and easy. In general, as long as students have a B average or higher and are between the ages of 16 to 25, they can qualify for a good student discount. 

However, we also recommend that you shop around for quotes for young drivers to see if you are getting the cheapest rates with your good student discount. 

To start comparing auto insurance rates for young drivers today, use our free quote comparison tool. It will help you see which auto insurance companies offer the best rates in your area.

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