Can you get cheaper car insurance for good grades?

The term good student discount refers to an auto insurance policy discount available to young drivers who earn good grades in school. This discount assumes that young drivers who are responsible when it comes to their studies are more likely to be responsible drivers.

Can you get a discount on car insurance for having good grades?

Every major car insurance company offers a good student discount. This discount is for around 10% to 15% off your premiums, and is given to student drivers who can demonstrate that they do well in school. … Good grades : Depending on your insurance company, you may need a grade average of B or a GPA of 3.0.

How much does the good student discount save on car insurance?

As a result, insurance companies see them as high-risk drivers and charge a higher rate to insure them. The good student discount can help lower those auto insurance premiums, by up to 25% in some cases, and by 7%, on average.

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What GPA do you need for car insurance discount?

All of the 10 largest car insurance companies offer good student discounts, and most will accept a minimum of a B average or a 3.0 GPA.

What insurance companies offer good student discounts?

Ask about car insurance discounts for students

College student discount Which of the 10 largest car insurers offer it
Good student Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers and USAA*

Do grades affect insurance?

Most insurance companies offer a fixed percentage discount to full-time students who earn certain grades. The discount offered usually ranges from 10 to 20 percent. You can qualify by sending your insurance company your most recent report card or school transcript.

What discounts can I get on my car insurance?

Driver safety car insurance discounts

  • Defensive driving discount (10% to 15%) …
  • Accident-free and good-driver discounts. …
  • Safe driver discount (10%) …
  • Savings for low mileage and usage (varies, up to 20%) …
  • Good-student discount (5% to 25%) …
  • Away-from-home student discount (5% to 25%)


What is a fair price for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

Can insurance companies check your grades?

Insurance companies certainly don’t check your grades by contacting your school…they’ve got better things to do with their time. … A copy of school transcripts or a “most recent” copy of a report card must be submitted with an auto insurance application in order for the discount to be honored.

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Is there a student discount for car insurance?

Most insurance companies offer a good student discount for unmarried, full-time students up to age 25. Ask your agent whether you qualify for a discount on your car insurance bill if you continue to get good grades in your higher education studies.

What is the cheapest car insurance for college students?

Cheapest for College Students: Geico

Geico’s low rates and abundance of discounts make it what we consider the best cheap car insurance for college students. While quotes vary depending on where you live, we found that Geico consistently offers college-aged drivers low auto insurance rates.

Do grades matter for car insurance?

Young drivers who also earn good grades can be eligible for a dramatic discount on their insurance. Studies have shown that a student who receives As and Bs is more likely to be a better driver than a student who receives Cs and Ds. This discount does vary by company, and in fact, may not even be offered by some.

Is Geico actually cheaper?

If price is your main concern, Geico may be right for you. NerdWallet’s analysis of insurance rates found Geico is consistently cheaper than Allstate, on average.

How can I get cheaper insurance?

Listed below are other things you can do to lower your insurance costs.

  1. Shop around. …
  2. Before you buy a car, compare insurance costs. …
  3. Ask for higher deductibles. …
  4. Reduce coverage on older cars. …
  5. Buy your homeowners and auto coverage from the same insurer. …
  6. Maintain a good credit record. …
  7. Take advantage of low mileage discounts.
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How do I enter my student discount on USAA?

Are available upon request or you may copy the attached application or print one from The Good Student Discount Application is under: My Account Tools→Documents and Forms→Get Forms. Student Discount on the next page right away–within 30 days.

What is the good student discount for USAA?

Our team will help you find the lowest insurance prices. Full-time students age 16 – 25 are eligible for a good student discount. Students need to receive a 3.0 GPA (or better), come in the first 20% of their class or have a scholar award, such as the Honor roll.

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