How can I get a good student car insurance discount?
Car insurance rates are higher on average for students in high school and college, auto insurance companies are willing to provide a discount for students who show that they are responsible by obtaining good grades in school. Find student car insurance by entering your ZIP code! We will help you find the best possible rate for your child!
Operating a motor vehicle is a privilege that many students around the country enjoy. Along with the privilege of convenience associated with a car, students also need to take responsibility for the vehicle and that includes obtaining car insurance. Unfortunately, auto insurance rates for the young individual are high due to the risk of accidents associated with the younger age group. No matter the reason, find cheap car insurance for your student by entering your ZIP into our comparison tool!
What is a Good Student Discount
Many auto insurance companies offer student discounts for good grades. It is usually called a good student car insurance discount because it requires a specific grade point average for students to qualify. Since a high GPA suggests that the individual is responsible in their studies, insurance companies often feel that these young individuals are more responsible than those who do not have good grades.
The good student discount is simply a lower amount paid to the insurance company for studying and doing well in school, regardless of the education level. This discount can apply to high school students and college students who are old enough to drive.
Qualifications for the Discount
In general, most insurance companies that offer a good student discount on auto insurance require a minimum GPA of 3.0, or a B average, before they are willing to offer a discounted amount. This is the main qualification for the lower car insurance coverage payment and for many companies it is the only qualification students must meet.
Many companies also require full-time student status for qualification purposes. Depending on the specific college, that might mean taking between four and five classes per semester or quarter. For students in a Masters program, it usually means three classes or nine credits. High school students are generally considered full time students automatically.
Some companies might also put an age limit on the discount. This is not a qualification all companies apply to the discount, but for those that do have an age limit qualification it is usually 25 years old. In general, companies expect students to graduate from college by the time they are 25, so they do not expect applications for good student discounts from those older than the age group. Unfortunately, this will disqualify any adult who is going back to school after 25 years old.
For students who are home-schooled rather than attending a formal high school, it is still possible to qualify for the discount. These students have a different qualification of reaching the top 20 percentile of standardized testing like the SAT, ACT or pre-SAT tests. State standardized testing also qualifies students who are home-schooled rather than attending a public school.
The Savings
The amount of savings provided by the good student discount varies depending on the company and their specific policies. In general, students and their families can expect to receive a discounted amount of 10 to 20 percent from many companies. In general, the average car insurance,discounted amount is around 15 percent off the original price of the insurance.
As such a large insurance discount, it is one of the highest discounts available, particularly for young individuals who are full time students.
Company Consideration
While many auto insurance companies offer good student discounts for good grades, not all companies make this discount available. For a student or family with a student driver, it is important to take time to ask whether the company offers a program for student discounts before deciding if it is the right company for individual needs.
For students who are older and going back to college, many companies will not provide the good student discount. Fortunately, this qualification consideration does vary and some insurance companies will provide good student discounts for men and women who are going back to school above the age of 25 years old. Returning students will want to ask if they can qualify for the discount from their insurance provider if the company offers this discount. If the company does not offer the exact good student discount, they might work with returning students for some lower cost options.
A good student discount is a great way to lower the cost of auto insurance just by working hard in school. For young individuals who have no driving history or a very short driving history, it helps show responsibility that carries over to driving. Saving money on auto insurance might be challenging for students, but it is not impossible to low car insurance rates. Our ZIP code comparison tool will help you save money! Enter your ZIP and save!
