We compared good student discounts from Geico, State Farm, Allstate and others, and found that high school and college students can save between 6% and 36% on their car insurance bill by getting good grades. State Farm offered the best overall rates with a student discount.
Do car insurance companies offer student discounts?
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 can students get cheaper insurance?
Families of student drivers can get the cheapest overall policies by adding the student to their existing policy. Students who leave home and bring their cars to college will need to buy their own insurance. They should shop around for the cheapest quote.
Do college students get insurance discounts?
College students can get car insurance discounts for having good grades or for going to college far away from the car they drive. College students can also qualify for general car insurance discounts, such as driver’s education and good driver discounts.
Do insurance companies check good student discount?
Insurance companies do check grades in order to offer good student discounts for teen drivers. This car insurance discount can save insured drivers 7% on premiums for students who maintain a “B”, or “3.00” average.
Does Geico check good student discount?
How Do You Get GEICO’s Good Student Discount. GEICO provides good student discounts in most states to full-time students who have a 3.0 GPA or a B average and above grade. Students need to be age 16 – 25 to qualify.
Does Safeco offer student discounts?
Good student discount: Applies when your teen maintains a grade point average of 3.0 (B) or better, makes the honor roll, or is in the top 20 percent of their class. Distant student discount: Available when your child is in school more than 100 miles away from home without a car.
What is the GPA for good student discount?
You can get a Progressive good student discount if you have at least a B average or a 3.0 GPA. Student drivers can save an average of 10% as long as they are 16-22 years old and enrolled full-time in high school, college or home schooling. Young drivers are usually.
How much is Allstate good student discount?
Allstate provides a good student discount of up to 30% for single, full-time students under the age of 25. To qualify, you need a minimum 2.7 GPA or higher, or proven completion of a good drivers course. You also qualify if you attend school at least 100 miles away from where your car is garaged.
How much is State Farm Good student discount?
Good Student Discount: State Farm customers can save up to 25% if a student listed on a policy gets good grades (3.0+ GPA, top 20% of class, or qualifying test scores).
Does the general offer student discount?
What Discounts Does The General Offer? The General offers nine discounts for auto insurance customers, including a defensive driver discount, a good student discount, and a multi-car discount.
What GPA is needed for State Farm Good student discount?
To earn State Farm’s good student discount — of up to 25% — a driver must keep their GPA above 3.0.
Is car insurance more expensive for college students?
Car insurance typically costs more for younger drivers, including younger college students, than for more-experienced drivers. … One of the reasons car insurance companies tend to charge young drivers more is because they’re considered more likely to be in a car crash.
What happens if you lie about your GPA to an insurance company?
You May Face Fines and Penalties
In case your insurer finds out that you lied to them, they may impose a hefty fine or penalty on you. To continue using their insurance services or to prevent them from filing a legal complaint, you will have to pay this fine.
What is B average GPA?
How to Convert Your GPA to a 4.0 Scale
|Letter Grade||Percent Grade||4.0 Scale|
Does USAA give discounts for good grades?
USAA provides a good student discount to full-time students who are under the age of 25. … A requirement is that the student has a 3.0 GPA and above. Students can also apply if they have been placed within the top 20% of their class, or if they have received a significant academic award, such as the Dean’s Honor Roll.