Car Insurance Discounts for Good Students
If students have a B average or higher, they may be able to get a good student discount on their car insurance policy. Read on to learn how to save money as a student.
Free Car Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
UPDATED: Nov 26, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Nov 26, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Insurance companies often require a 3.0 or higher GPA in order for young drivers to qualify for good student discounts
- Typically, good students can qualify for this discount up to the age of 25
- The exact percentage saved by the discount will depend upon the auto insurance company
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.
Table of Contents
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.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
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.
Demograhphics Allstate Farmers Geico Progressive State Farm
30 y/o Male $176.50 $160.42 $86.75 $136.08 $102.83
30 y/o Female $168.42 $153.58 $89.83 $130.75 $93.50
45 y/o Male $159.92 $132.92 $80.17 $105.08 $86.00
45 y/o Female $161.75 $133.50 $79.83 $111.67 $86.00
55 y/o Male $151.67 $126.08 $76.00 $99.67 $81.50
55 y/o Female $153.42 $126.58 $75.75 $105.92 $81.50
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.
Frequently Asked Questions
What GPA do students need to qualify for a good student discount?
Typically, students need to have a GPA of 3.0 or higher or a B average. However, the exact requirements may vary depending on the auto insurance company.
Does Safeco auto insurance offer a student discount?
Yes, Safeco auto insurance does offer a good student discount. Its requirements are similar to other auto insurance companies, as students must have a good GPA and be within the ages listed.
How long does a car insurance discount for students last?
Most insurance companies allow the good student discount to be applied up until the driver is 25 or they are no longer attending school full time. The exact requirements will depend on the auto insurance company you are with.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
Secured with SHA-256 Encryption
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.