Car Insurance Discounts For Students
Car insurance rates can stay high until a driver reaches age 25. But if your student driver works hard for good grades, you can immediately reduce their auto insurance rates with discounts! We’ve put together a guide on car insurance discounts for students to help you learn what options can save you money.
Key Takeaways
- Maintaining a “B” average or better can earn significant savings on auto insurance.
- Taking a driver’s education course is another way you can score a discount for young drivers.
- Each carrier offers similar student discounts. Contact an agent to see which one fits you best.
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Good Grades Lead to Great Savings
Many auto insurance providers offer discounts for good students. However, eligibility varies from carrier to carrier, so be sure to call an agent to see if you and your teen qualify. Here are some carriers that have good student discounts.
Nationwide Student Discounts
To qualify for Nationwide’s good student discount, your young driver must be between the ages of 16 and 24, enrolled full-time in high school or college, and maintain a minimum “B” average or higher.
Similarly to most carriers, Nationwide requires proof of good grades in the form of a current grade card. You may need to submit these grade cards multiple times a year or only at your renewal, depending on the terms of your policy.
In addition to their good student discount, Nationwide also offers a safe driver program that can earn your student massive savings. Through their SmartMiles® program, your young driver can earn up to 40% off their car insurance just for driving safely! Their app measures the number of miles driven, hard braking and acceleration, idle time, and nighttime driving to analyze your teen’s driving habits. The safer they drive, the more you save! You can even earn 10% off just for signing up for the program.
Allstate Student Discounts
In order to qualify for Allstate’s good student discount, a student must be between the ages of 16 and 24, unmarried, and enrolled full-time in high school or college. They must maintain a GPA of 2.7 or above (on a 4-point scale) to be eligible. You can also see rate reductions for your student leaving their car at home while they’re at school.
Another way they can save is through the Allstate teenSMART program, a version of driver’s ed. This program works to teach students safe driving habits and how to avoid accidents. Students under the age of 25 that complete teenSMART are eligible for discounts on their car insurance.
Also, you can save even more through their Milewise program. With this pay-per-mile car insurance, you pay a flat daily rate and a small per-mile fee, helping those who don’t drive often, such as students on campus, save on their premium.
GEICO Student Discounts
GEICO’s good student discount offers up to 15% off for full-time students who maintain a “B” average or above. Young drivers who maintain a clean record and have avoided an accident within the last 5 years can also qualify for a good driver discount to help save even more on their car insurance.
Additionally, if your student is attending school far from home, an away at school discount could save you even more. This discount is available if your student attends school more than 100 miles from home, as long as they don’t have regular access to a covered vehicle.
Progressive Student Discounts
Progressive offers multiple discounts for students:
- Good Student Discount: The good student discount is available to full-time students under the age of 23 who maintain a “B” average or above. In order to obtain this discount, students must still be on their parents’ or someone else’s car insurance policy.
- Distant Student Discount: Students who reside away from home for school can qualify for the distant student discount. The student must be under 22 years old, live more than 100 miles from home, and not have a car at school.
- Teen Driver Discount: If you have a driver that is 18 years or younger, this discount is easy to acquire. That’s right- you can get a discount just for having a teenage driver on your policy! The discount applies automatically after being with Progressive for one year.
Greater Distance Means Greater Savings
Some carrier’s discount requirements state that the student must be 100 miles or more from the vehicle they drive. While this may seem counterintuitive, every car your student drives when they come home still needs to be insured.
If you meet all of the requirements, these “student away” and “distant student” discounts can save you up to 25% on your auto insurance premium. Typically, the conditions of this discount are that the student attends school over 100 miles from home, does not have a car at school; age requirements may vary by carrier.
To confirm whether you are eligible for this discount, please contact your agent.
Save on Car Insurance with Drivers’ Education
A driver’s education course is required in Texas to obtain your learner’s permit and driver’s license. However, this course can also be used to help lower your car insurance rates. Enrolling your child in a driver’s education course approved by your carrier could lead to significant savings.
The Texas-required course takes only 6 hours to complete and can be done online or in person. In addition to the course, student-drivers must also accumulate on-road hours before becoming legal on the roads. It’s a good idea to check with your carrier and see which driver’s education courses qualify for a discount before taking the course.
Qualifying conditions for this discount will vary by state and company.
Find the Best Discounts for Students With TGS
At TGS, we are determined to find the right auto insurance for you at the best price. We work with over 60 top-rated carriers to help you combine discounts, get the coverage you need, and stay safe. TGS takes the hassle of endless shopping off of your plate so you don’t have to worry about finding the best deal- we’ll find it for you. Contact us today to find out how much you can save on your car insurance.
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