Do auto insurance companies check grades?

Good student discounts typically save you about 7% on auto insurance. Companies will verify the discount by asking that new grades be submitted at each renewal period.

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 24, 2020

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Things to remember...

  • Many insurance companies offer discounts for good grades
  • It is up to you to request the discount from your insurance company
  • Grades are often requested at the renewal period to determine if the discount will continue

Insurance companies will often offer good student discounts to clients who are currently enrolled in educational programs.

In order to receive and maintain the discount, insurance companies will often check your grades. How this is done varies based on the company.

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What is a good student discount?

Many insurance companies offer discounts to students if they have good grades.

If the insurance company offers the discount, it would be available to any student who is enrolled in an educational institution, but it is the student’s responsibility to inquire about the discount, as some companies and agents may not mention it.

Teen drivers often spend more on insurance because they are a higher risk.

More teen drivers get involved in accidents than any other demographic. Much of this has to do with a lack of experience on the roads. If a teen is in high school or college, good grades can help save them money on insurance premiums.

Any time that you can save money, or help your child to save money, it’s a good thing.

The good grades discount is designed to help overcome the high expense of insuring teen drivers.

Insurance companies believe that if a student has good grades, they are more focused. And drivers who are focused are less likely to be involved in an accident on the road.

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What grades are considered “good” grades?

When you’re looking at whether it’s possible to get a discount for good grades, it’s important to determine what good grades are.

A good GPA is typically considered to be 3.5, but this number isn’t exactly set in stone. Find out what the requirements are with your insurance company.

The GPA is calculated based on the letter grades that you have. In order to maintain a 3.5 GPA, you would need to get As and Bs on your report card each quarter. The grades are calculated the same whether you are in high school or college.

If you don’t have good grades, then you can work on getting them up.

You might be able to qualify for the discount when you renew your policy with the insurance company as long as you can prove that your grades meet the minimum requirement.

If you still don’t have good grades, then look at comparing rates between companies to try to get the lowest possible premium.

How are the grades checked?

High school and college grades are generally not considered a part of one’s permanent record, so insurance companies aren’t able to access the grades on their own because the information isn’t made available to the DMV.

In order for people to get a good grade discount, they would need to submit a copy of their report card or other academic letters to the insurance company. Such reports are generally provided by the school on a quarterly basis.

Insurance companies will generally request new grades to be submitted to them at each renewal period. You should be able to the report card in the following ways:

  • fax
  • email
  • upload a digital copy of your report card on their online portal

If grades stay the same or go up, a person is likely to maintain their discount. If the grades go down, however, a person is in jeopardy of losing their discount.

Once you have graduated high school or college and no longer have grades to show, your insurance company will remove this discount from your policy. You will then need to find different ways to save money on your premium.

If you are a good student, it’s worth looking into a good student discount. The discount will help keep your car insurance costs down, and it may also motivate you to continue striving in your educational endeavors.

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