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.
How much is the student discount for car insurance?
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. Both high schoolers and full-time college students below age 25 are eligible.
What is the cheapest car insurance for students?
Overall, the cheapest car insurance company on average for college students varies depending on your age and driver profile.
Cheapest Car Insurance for 20-Year-Old College Students
- Allstate. $2,180.
- GEICO. $2,192.
- State Farm. $2,218.
- Progressive. $3,014.
What car insurance has 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*|
How do you get student discount on car insurance?
The process of getting a good student discount on your car insurance is straightforward — the most involved part is making sure your high school or college grades meet the criteria your insurer requires.
How do I get a good student discount?
- Get good grades. …
- Shop around for quotes. …
- Submit proof of your good grades.
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.
What is the best car insurance for college students?
Best Car Insurance Companies for College Students
- AAA. The best car insurance for college students is AAA because it has the cheapest premiums and offers a variety of discounts, such as good student, student-away-at-school, and new young driver discounts. …
- Geico. …
- Travelers. …
- USAA. …
- Esurance. …
- Progressive. …
- State Farm. …
How can I lower my teenage car insurance?
Four Ways To Lower Teenage Car Insurance Costs
- Add your teen to an existing policy. Sharing an insurance policy with a teen driver is usually the most cost-effective option for a family. …
- Look for applicable discounts. …
- Reduce coverage. …
- Get multiple quotes.
Which insurance is best for students?
Your best option for health insurance as a college student is Cigna because of its coverage options and cost. The majority of Cigna customers receive financial help with their premiums, with more than half paying less than $100 per month.
Is insurance cheaper for students?
The cost of car insurance for students is generally higher than average, as most student drivers are under the age of 25 and are considered to be more of a risk on the roads than older drivers. Students are also are more likely to be new drivers, meaning they haven’t been able to build up a no claims discount.
Should college students get their own car insurance?
Even if they don’t drive often, keeping them on your policy can protect them if they need to drive to receive medical care. Additionally, many parents assist their college children with bills. If you are responsible for their bills, then it might make sense to keep them on your insurance policy.
Does the color of your car affect insurance?
You may have heard red cars are more expensive to insure. But, according to the Insurance Information Institute (III), the color of the car you drive does not affect the price of auto insurance.
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 the good grade discount?
The term good student discount refers to an auto insurance policy discount available to young drivers who earn good grades in school. … As a result, they deserve to pay lower insurance premiums since they are less likely than teens with poor grades to file a claim with their insurance company.
How long does good student discount last?
Good Student Discount
And the savings last after you graduate from college, until you turn 25.
Does Geico do student discounts?
Car Insurance for College and High School Students
By switching to GEICO, students could save $100, $150, or even $200 on an auto insurance policy. Some of the benefits of a GEICO car insurance policy for students include: Discounts, including a good student discount. Easy to use award winning GEICO Mobile app.