Why Good Students Get Car Insurance Discounts

It is not uncommon for a teen to receive a car as gift for getting to college. In fact, there are millions of student drivers on the roads of U.S.  And, as any driver is required by law, they must have auto insurance. We all know that teen drivers are considered a major liability by insurance companies and they ask pretty spicy prices in exchange for coverage.  There are very few options to reduce the car insurance costs if you are a student. But one of the most cited methods is using good student discounts. Find out why good students get car insurance discounts and get some auto quotes online if you qualify.

auto1 - car-insurance-comparison-74According to insurance companies, students with good grades spend more time at home studying and less time driving. They also say that a good student has a good analytical mind and makes better choices, which translates to better decision making while driving. A good student is also considered more responsible, making him a better insurance risk than his less-studious friends.

Hitting the books will save you significant amounts of money on your car insurance policy. Good students can often get at least a 15 percent savings on insurance premiums. Depending on the carrier, this discount can go as high as 25 percent. Not all insurance companies offer a discount for good students, so shop around until you find one that does.

You must also pay attention to qualifying criteria. For example, you must at least an average B grade an maintain it.  Some companies also require you to be on Dean’s Honor Roll.  The discount is typically available until that person reaches the age of 25. Some companies are also willing to provide a discount for former clients who were good students.

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