Why Do Good Students Save Money On Car Insurance

Students, who are often teenagers, pay a higher price on car insurance due to their young age and inexperience. Students looking to reduce the high cost of insurance do have some options at their disposal.  Good students can often get at least a 15 percent savings on insurance premiums. Depending on the carrier, this discount can go as high as 25 percent. Not all insurance companies offer a discount for good students, so shop around until you find one that does.  But first, find out why good students can save on car insurance with this discount. Also, get a free car insurance quote from our website!

new imagesStatistics show that students who get good grades are less likely to get into a car accident and car insurance companies see them as lower risk and, in turn, offer savings on their rates. 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 these are 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

It is recommended to check and see how much the good student discount would affect your premium even if you do not yet qualify. Knowing what the savings would be, could motivate you to get better grades in the future. Pay attention on grades, because the discount could be removed based on future report cards. Some carriers check report cards periodically while others have more relaxed guidelines.

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