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Good Student 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: Jan 20, 2021

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Key Takeaways

  • Car insurance discounts for good students can save you up to 25%
  • Good students might also be eligible for distance student or low mileage car insurance discounts
  • Good student car insurance discounts will require a minimum of a 2.7 GPA

A good student car insurance discount can save you up to 25% on your car insurance bill. Who wouldn’t want cheap car insurance?

We’ll provide you examples of good student auto insurance discounts, how to get a good student car insurance discount, and what a student needs to do to get an insurance discount for good grades.

Ready to start saving on good student car insurance rates? Take advantage of our free quote tool to get instant rates from top insurers today.

What is a good student discount?

Car insurance is one of the only monthly expenses that offer a good student discount. Student discount car insurance available to many high school and college students who have good grades.

There are some important considerations to assist with understanding the good student discount. For example, a good student discount can vary by the insurance company. How so? What determines the price of car insurance?

Most good student discounts will have age restrictions, grade requirements, or other criteria that could limit certain students from qualifying. Do students get a discount on car insurance? That depends on the company, their age, and how well the student performs in school.

What GPA do you need for the good student discount?

We mentioned before that each insurance company will require different qualifications on grade point average (GPA) to be eligible for a good student discount. What GPA do you need to get a good student discount?

In most cases, you’ll need at least a B- or 2.7 GPA. Most schools operate on a 10-point scale, so this would equate to an 80-82% in most scenarios. Some car insurance providers require a B, however, which raises the standard.

You’re more likely to get a good student discount with a B or 3.0 GPA. Most universities and secondary schools recognize 83-86% as a B. They also differ as Allstate allows any driver under 25 or under while Nationwide offers a good student discount to those 16 to 24 years old.

Allstate only requires a 2.7 GPA while Nationwide requires a 3.0 GPA, so you’ll need to figure out which your company requires if it’s available at all.

How much is a good student discount for car insurance?

Alright, so, you’ve met the requirements for a good student discount. How much will the good student discount lower your rate? Again, this will depend on the car insurance company.

If you choose a company like State Farm, you’ll learn they offer up to 25% off car insurance with a good student discount. Farmer’s Insurance is only expected to discount up to 10% on car insurance with a good student discount.

What is the average good student discount? There is an average of about 7% for good student discounts on car insurance. Some companies, like State Farm, offer up to 25% while others won’t offer the discount at all.

Are there other ways to get cheaper car insurance for students?

If your goal is to get affordable good student car insurance, you’re probably hoping to find other ways to save money on car insurance. There’s potential for saving even more money if you’re a student.

Many car insurance companies offer distance student discounts and low mileage discounts. Both of these discounts apply more-so to college students than high school students.

Distance student discounts are offered when college students are away at school without their vehicle. They remain insured but the discount is applicable since the insurer knows the student won’t be able to drive much or at all.

There are usually mileage requirements in place for this discount. For example, a company might require the student to be 100 miles away from the vehicle to be eligible for the discount, according to the Insurance Information Institute.

Distant Student Discount Savings by Company
DiscountsDistant Student
21st CenturyN/A
AAAN/A
Allstate35
American FamilyN/A
AmeripriseN/A
AmicaN/A
Country FinancialN/A
EsuranceN/A
FarmersN/A
GeicoN/A
Liberty MutualN/A
MetLifeN/A
Nationwide10
ProgressiveN/A
Safe AutoN/A
Safeco15
State FarmN/A
The GeneralN/A
The Hanover5
The Hartford3
Travelers7
USAAN/A
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Above is a list of car insurance companies that offer distance student discounts. Many insurers don’t provide a direct discount percentage, those are listed as N/A.

A low mileage discount could be available for students who won’t drive much. Depending on the college campus, students might not need to drive far or often. This is worth looking into to save money.

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How to Apply for the Good Student Discount

If you’ve done your research and you have qualifying grades, you might be excited to see your good student car insurance quotes. How do you get the good student discount?

Getting a good student discount is simple. You’ll need to provide proof of your good grades by using transcripts, report cards, a letter from a counselor, or something comparable.

Some insurers will be more strict than others, but you will most likely need to provide that same proof each semester so that you can retain your good student discount.

Good Student Car Insurance Discounts: The Bottom Line

Saving money on car insurance is a great feeling. Chances are, if you’re paying for your student’s car insurance, a good student car insurance discount would be a big help.

With so many companies having different requirements, you’ll want to shop around for car insurance with student discounts. Get fast and easy car insurance rates from top insurers using our free quote tool below.

References:

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