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Further Education Car Insurance Discount

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Feb 9, 2021

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Key Takeaways

  • If you qualify for a further education car insurance discount, you can save an average of 19 percent on your annual premiums.
  • Nine major insurance companies offer a further education car insurance discount to customers.
  • To qualify for this discount, you must be enrolled in an approved higher education program and maintain a B average.


Qualifying for student discount car insurance is a great way for younger drivers to secure cheap car insurance. Read through our quick guide on further education car insurance discounts to learn if your provider offers this savings opportunity, if you’re eligible, and how much you can save.

Compare further education car insurance discount rates from multiple providers near you for free right now by entering your ZIP code into our quote tool above.

What car insurance companies offer a further education car insurance discount?

We all want affordable car insurance. But asking which car insurance company is cheapest is a little misleading, as not every insurance provider offers every discount you might be eligible for. This is why comparing quotes from different companies is so important.

In the table below, find out which major providers offer a further education car insurance discount. If specific savings amounts are available, it’s included in the data.

Further Education Discount Offered by Insurers
CompaniesFurther Education Discount Offered
AmeripriseYes
Country FinancialYes - 25% (married), 30% (unmarried)
EsuranceYes - 15%
GEICOYes
Liberty MutualYes - 10%
NationwideYes - 15%
SafecoYes
The HanoverYes
TravelersYes
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Nine national insurance companies offer an affordable further education car insurance discount but remember that each company uses different qualification rules. For example, the Travelers discount is only available in the state of California.

If you’re pursuing a four-year degree and maintain a 3.0-grade point average, Country Financial will give you a 30 percent discount if single and a 25 percent discount if married.

Esurance and Nationwide provide the largest general savings at 15 percent. However, the Esurance savings are based on your level of education.

What is a further education car insurance discount?

Why do insurance companies ask about education? Companies believe folks with higher levels of education will be more responsible drivers.

It’s no secret that drivers under age 25 pay higher than average rates for car insurance. How much does car insurance cost young drivers? Teens can pay four times more for the same policy as an older, more experienced driver.

This is because, statistically, younger drivers are more reckless drivers. According to the Centers for Disease Control and Prevention (CDC), car accidents are the second leading cause of teen death between the ages of 16 and 20.

Most folks pursuing higher education are between the ages of 18 and 22. Therefore, a further education discount primarily rewards younger drivers for making responsible choices, proving themselves to be lower-risk to insure.

However, older students pursuing higher education may also use this discount.

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How can I qualify for a further education car insurance discount?

Many consumers wonder, does education level affect car insurance? While these days your level of schooling is less impactful than in the past, pursuing higher education can sometimes lead to lower car insurance rates, mostly due to the discounts.

To qualify for this discount, you must be enrolled in an approved college, university, or another education program. Inform your agent, otherwise, he or she has no way of knowing you’re enrolled in a qualifying program.

The discounted rate will then be automatically applied to your premiums for as long as you’re enrolled in the program and meet the requirements set by your provider.

How much can I save with a further education car insurance discount?

On average, consumers save about 19 percent with a further education car insurance discount. But remember, every insurance company offers different savings amounts and eligibility rules to customers.

According to the Insurance Information Institute (III), car insurance laws and regulations vary drastically by state. Therefore, this discount may not be available where you live.

While most discounts are automatically applied, some will only be added to your policy after you inform your agent of your eligibility. When in doubt, ask your agent if you’ve earned the further education car insurance discount.

You are now an expert on receiving a further education car insurance discount. Now, you can compare savings amounts from further education car insurance discounts by company for free by entering your ZIP code into one of our online tools.

References:

  1. https://www.cdc.gov/transportationsafety/teen_drivers/teendrivers_factsheet.html
  2. https://www.iii.org/article/background-on-compulsory-auto-uninsured-motorists

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