The Best Car Insurance Discounts for Students
- The Best Car Insurance Discounts for Students
Raising a child is expensive enough, and high car insurance premiums for young drivers just add insult to injury. While students may be tempted to lower their car insurance coverage to save some money on their premiums, there are other ways students can get cheap car insurance without taking the risk with lower coverage.
Many of the most popular auto insurance providers offer discounts specifically for students. Popular discounts for students, such as a good student discount, good driver discount, student away discount, or an affiliation discount, may discount your premiums by up to 50% when combined. Keep reading to learn about these car insurance discounts for students and to figure out which discounts may apply to you.
How Much Is a Good Student Discount for Car Insurance?
Auto insurance for students and young drivers is typically very high because new drivers tend to be the riskiest drivers companies insure. When calculating your premiums, car insurance agencies take into account your age, gender, the type of car you drive, where you live, and several other factors. While these premiums will stay high until your student or young driver gets older and builds a driving record, there are several discounts they may qualify for to lower your premiums.
A good student discount on your car insurance policy can discount your premium by up to 25%, depending on your provider and where you live. While some providers offer a car insurance discount for students with high academic achievements, some don’t.
Good Student Discount From Geico
A Good Student Discount from Geico can save you up to 15% on your premiums, depending on where you live. To be eligible for the Geico Good Student Discount, you must be younger than 26 years old, a full-time high school or college student, and maintain at least a 3.0 GPA or a B average on your transcripts. You must provide your insurance agent with a copy of your transcripts during each policy renewal to get this discount.
Don’t worry if you don’t qualify for this discount. Geico offers several other discounts to make car insurance affordable for students.
Good Student Discount From Progressive
The Progressive Good Student Discount can help you save an average of 10% on your students’ car insurance premiums, depending on where you live. The Good Student Discount from Progressive applies to full-time students 23 or younger who maintain a B average on their transcripts. This discount only applies to students who aren’t on their own auto insurance policy.
If you are on your own policy or ineligible for the good student discount for any other reason, Progressive offers other discounts you may qualify for.
Good Student Discount From State Farm
The State Farm Good Student Discount can save you up to 25% off your premiums, depending on where you live. To get a Good Student Discount from State Farm, you must be younger than 25, enrolled as a full-time student, and maintain a 3.0 GPA or B average on your transcripts. Remember to send a copy of your transcripts to your insurance agent during policy renewal so you can continue receiving your discount.
State Farm has several additional programs and discounts for young drivers that can make car insurance cheap for college and high school students. So, if you don’t qualify for their Good Student Discount, be sure to check out the other discounts State Farm offers.
Good Student Discount From AAA
A Good Student Discount from AAA can help you save up to 14.5% on your students’ car insurance premiums. To qualify for the good student discount at AAA, you must be enrolled in school full-time, under 24, and maintain a B average or a 3.0 GPA. You will need to provide a copy of your transcripts to your insurance agent when renewing your policy.
AAA has several other discounts and programs you may qualify for even if you don’t qualify for the Good Student Discount.
Good Student Discount From Nationwide
At Nationwide, a Good Student Discount can help you save money on your premiums to keep your student’s car insurance affordable. To be eligible for the good student discount at Nationwide, your student must be a full-time student under 24 who maintains a B average or a 3.0 GPA. Eligible students will need to provide a copy of their transcripts or have a form signed by school faculty to receive this discount.
Nationwide has several non-merit-based discounts and programs that may lower the premium on your student’s car insurance you may opt for if you don’t meet the requirements for a Good Student Discount.
Good Student Discount From Allstate
The Allstate Good Student Discount works slightly different than other providers’ merit-based discounts. You qualify for a good student discount as long as you are under 25, a full-time student, unmarried, and meet one of the following criteria:
- Maintain a 2.7 GPA or a B- average on your transcripts
- Complete the teenSMART driving program
- Live over 100 miles away from the address at which your car is parked
The amount of money discounted from your policy will vary from state to state.
To receive a Good Student Discount, you must provide your insurance agent with a copy of your transcripts each time you renew your policy.
Don’t worry if you don’t meet the Allstate Good Student Discount criteria. They also offer some non-merit-based discounts specifically for students and young drivers.
Good Student Discount From American Family
The American Family Good Student Discount applies to full-time students under 25 who attend high school, an accredited two or four-year college or online school, or a vocational-technical school. To qualify for the discount, you must maintain a B average, 3.0 GPA, rank in the top 20% of your class, or consistently make the Dean’s list or honor roll.
You must provide the necessary documentation (transcripts or form signed by school faculty) when renewing your policy to continue receiving this discount. The amount discounted from your premium varies from state to state.
American Family offers a variety of non-merit-based discounts designed for students, so don’t worry if you are ineligible for a Good Student Discount. Keep reading to find out what non-merit-based discounts you may be eligible for.
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What GPA Is Needed for a Good Student Discount?
Many auto insurance providers require full-time students to maintain a 3.0 GPA or a B average to receive a Good Student Discount on their insurance. You will have to provide a copy of your transcripts to your insurance agent when renewing your policy to keep receiving the discount.
If you are a student but don’t qualify for a good student discount from your insurance provider, you may still be eligible for other, non-merit-based discounts. For example, many insurance providers offer safe driving training programs geared toward young or new drivers, which lead to discounted premiums. Some providers even offer discounts for members of certain sororities, fraternities, or various student organizations.
Discounts for Students at Geico
Geico offers one non-merit-based discount for college students. Members of participating sororities, fraternities, and a few student and alumni organizations are eligible for the Geico Membership Discount. The amount you can save on your premiums with these discounts varies by state.
Discounts for Students at Progressive
Progressive only offers one non-merit-based discount on car insurance for students and young drivers. If you are 18 or under and on a parent or guardian’s policy, your Teen Driver Discount will automatically apply to your policy. The discount will vary depending on where you live.
Discounts for Students at State Farm
State Farm offers several discounts for students and young drivers that aren’t merit-based. The State Farm Steer Clear program is a safety course for young drivers under 25 with no prior traffic violations to complete to receive a discount on their premiums.
The program consists of training modules and logging driving hours to be completed in under six months. The discount applied to your premiums after completing the course varies by state.
State Farm also offers a discount for students who don’t use their car while away at school. You may be eligible for this discount if you live at a school over 100 miles from your primary address. This discount varies by state.
Discounts for Students at AAA
AAA is known for offering its policyholders great benefits but at high premiums. However, they have several discounts for students and young drivers, including several non-merit-based discounts. For example, the new young driver discount is automatic for parents or guardians who add a new driver under 20 to their policy.
You may be eligible for AAA’s Student Away Discount if you go to school over 100 miles away from your primary address and don’t have a car at school. This discount can save you up to 46% on your premiums.
Discounts for Students at Nationwide
Nationwide offers several discounts for students and young drivers that are non-merit-based. For example, if your student is a low-mileage driver, they can enroll in Nationwide’s SmartMiles program. SmartMiles is a pay-per-mile car insurance program where the amount you pay in premiums depends on how often and how far you drive. You will have to pay a base rate for this program, on average about $60/month, then you will pay about $.07/mile.
When enrolling in the Nationwide SmartMiles program, you will receive a plug-in for your vehicle to track how many miles you drive each month. In addition to your low-mileage savings, you can receive up to 10% off your premiums for driving safely while this plug-in tracks your mileage.
Discounts for Students at Allstate
At Allstate, students can get a bonus credit on their premiums every six months without an accident. That’s it! Allstate doesn’t require an app or a plug-in to track safe driving. They simply award their safe driving bonus as a credit to your premium each time you renew your policy accident-free.
Discounts for Students at American Family
American Family offers a few non-merit-based opportunities for young drivers to get discounts on their premiums. For example, if your student is under 25 and is at school 100+ miles away from their insured car, they may be eligible for the Away at School Discount. The amount of the discount applied to your premium will vary by state.
American Family also offers a discount for students who spend time volunteering with non-profit organizations. The Young Volunteer Discount applies to young adults under 25 who log at least 40 hours of volunteering with a non-profit organization. The amount discounted from your premium will vary by state.
Students and young drivers who practice safe driving habits can save with American Family’s Teen Safe Driver program. This program is for policyholders with a driver who is 21 or under on their policy. After your student completes 3,000 miles of safe driving or uses the correlative app for a year (whichever comes first), 10% will be discounted from your premiums until the first policy renewal after your young driver turns 21.
Car Insurance Quotes for College Students
When looking for car insurance discounts for students, it’s important to know all your options to save as much as possible on your premiums. Auto insurance providers tailor their discounts to each policyholder, so to know how much you could save, contact an agent online at Clovered.
You can submit your information online through this form to get a quote. Then, one of our licensed agents will reach out to you to discuss which policy will be the best for you. You can call us at 833-255-4117 or send us an email at firstname.lastname@example.org any time with questions about car insurance discounts for students.
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The editorial content on Clovered’s website is meant to be informational material and should not be considered legal advice.