Good Student Discount Car Insurance
Reader’s Question:
Why are some insurance companies offer good student discounts on car insurance?
Michelle
Denver, CO
Good student discounts are offered by insurance companies as a way to help alleviate the high cost of car insurance for more responsible teens or young drivers by allowing this type of reduction in their car insurance rates.
According to statistics, students with higher grade point averages (GPA) tend to be more responsible when driving a motor vehicle. A discount is therefore offered to encourage responsibility in those teens or young drivers under the age of 25 who may be eligible.
To get more information if you would be eligible for a good student discount, you may contact your insurance broker and find out if they offer this discount and if so what their requirements are to acquire.
What Student Driver Auto Insurance Discounts Are Available?
Reader question:
What kind of discounts can a student get on her teen driver insurance?
Ruth
Thanks for asking, Ruth.
Being a full time student and having to pay the much higher teen driver insurance prices would be difficult for everyone, but if you take advantage of all of the teen driver insurance discounts that are available to you, you could get your rates down to something lower even than your parents. All you need to do is pick the right company that has the highest discount percentages, the best service, and the best quotes.
- Are you a good student?
Most teen driver insurance companies will offer a discount for those students who make good grades in school. The requirements differ, but what is more often than not required is that the teen be a full time student and be able to provide either a transcript or a report card proving the good grades.
Then there are the requirements that vary depending on the teen driver insurance company. Some will require that you have been driving for at least a year and a half; others that be over sixteen but under the age of twenty five if unmarried, twenty one if married. The grade requirement is usually a B average, and between a 3.0 and 3.5 grade point average.
Some companies give better discounts than others. Farmers insurance, for example, has more restrictions, but the teen driver insurance discount for good students is 25%, whereas the same discount with GEICO is only ten to fifteen percent.
- Do you need a car anyway?
If you have teen driver insurance on your parent’s policy, then it might be good for both them and you if you leave your car at home when you go away to college. This depends on where you’re going, of course. Most companies only give out this teen driver insurance discount if you will be going to school one hundred or more miles away.
You’ll still be insured when you’re at home, and while you’re at school it’s a lot easier to get by without a car if you’re living on campus. It can also save you guys a good chunk of change on your teen driver insurance premium.
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