Best Alumni Auto Insurance Discounts in 2024
College graduates pay $163 a month on average for auto insurance, which is higher than the national average. Find out why and how to benefit from an auto insurance discount for alumni. We share the Geico affiliation discount list as well as discounts from a few other reputable insurance companies.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Aug 30, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 30, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Since people who went to college are often better drivers, auto insurance companies can charge them a lower price for their insurance
- If you qualify for an auto insurance discount for alumni, you could save several hundred dollars every year on your auto insurance by finding the best auto insurance discount for alumni
- With good auto insurance, you can protect your property, prevent expenses due to liability, and increase your peace of mind
Finding cheap auto insurance with all the features you need for a good price can be difficult for many drivers, including recent college graduates. Fortunately, college alumni can get many auto insurance discounts. People who went to college are often safer drivers than others, so they don’t have to pay as much for alumni auto insurance as others their age.
Keep reading to learn more about auto insurance discounts for alumni and how to know if you’re eligible.
Auto Insurance Discounts for Alumni
Many alumni auto insurance discounts are available, and a college diploma is usually required to qualify. On average, auto insurance for college graduates costs $163 a month. It’s higher than the national average of $73 a month, because many recent graduates are younger and less experienced.
Alumni can sometimes save several hundred dollars per year, but the amount of each discount varies depending on the insurance company, the university you attended, your driving record, your age, and many other factors. Take a look at the Geico affiliation discount list below to see if your university or organization qualifies you for an auto insurance discount for alumni association:
- Florida Southern College Alumni Association
- University of Arizona Alumni Association
- Howard University Department of Alumni Relations
- University of Florida Alumni Association
- University of California Davis
- University of Vermont Alumni Association
- University of Virginia Alumni Association
- University of Texas at San Antonio Alumni Association
- Albany State University
- Tuskegee University
- Spring Hill College
- Sacramento State University
Read more: Geico Auto Insurance Discounts
Liberty Mutual auto insurance offers an auto insurance discount for alumni members of Saint Louis University or the University of Alabama. Along with auto insurance, they can save on health insurance and life insurance. Other discounts besides the auto insurance discount for alumni membership are available for alumni as well.
Read more: Auto Insurance Discount for University of Michigan Alumni
People between 16 and 25 years old can get a good student discount with a B average or higher, even if it’s been a few years since graduation. The company only gets information from the Department of Motor Vehicles (DMV), so auto insurance companies check grades by asking for your college or university records.
Read more: How to Get a New Graduate Auto Insurance Discount
People with clean driving records can get additional discounts. Many insurance companies offer discounts for new drivers with no accidents, moving violations, or tickets. Taking a defensive driving course can also help you get a defensive driver auto insurance discount.
These classes usually require a small fee, but they can pay for themselves quickly. Many companies also offer multi-policy discounts.
You could save 5-10% on an auto insurance discount for alumni. Even better, you can stack the alumni discount with other discounts.Schimri Yoyo Licensed Agent & Financial Advisor
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How to Save on Auto Insurance as an Alumni
Younger people often need to pay more for auto insurance, making it especially helpful if you can qualify for any alumni discounts. Staying with one insurance company helps you establish a good driving history and seems less risky to insurers.
You can also save money by choosing a used car and avoiding full coverage auto insurance.
However, if you apply for a loan to buy a new vehicle, the bank will likely require damage coverage. You can select usage-based auto insurance, as well. In that case, your insurance company monitors your driving habits and offers you a discount in exchange.
More About Getting an Auto Insurance Discount for Alumni Membership
Having good auto insurance is important, and an auto insurance discount for alumni can make it more affordable for college graduates.
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— AutoInsurance.org (@AutoInsurance) August 29, 2023
You may wonder, “Can I ask for a discount on my car insurance?” Of course! It’s a good idea to do that when you ask for quotes from several auto insurance companies and compare prices. That way, you can make sure you get the best deal available for college or university alumni.
Frequently Asked Questions
What is an auto insurance discount for alumni?
Only a few companies currently offer alumni-specific discounts. However, alumni often qualify for a vast array of discounts, so be sure you check each option.
What benefits do alumni receive from auto insurance discounts?
It varies based on the discount. Most discounts are fixed percentages, and even then, it varies based on your record, vehicle, etc. Opting into usage-based discounts can offer the largest offset to your bottom line.
How do I know I’m eligible for an alumni discount on my auto insurance?
To find out if you’re eligible for an alumni discount on your auto insurance, it’s usually best to contact your alumni association or visit your university’s alumni page.
Do alumni auto insurance discounts expire?
The expiration of alumni auto insurance discounts varies depending on the insurance company. Some discounts may have a specific duration, such as a few years, while others may be permanent as long as you maintain your alumni status. Check with your insurance provider regarding the expiration or renewal terms of the discount.
Can I combine an alumni auto insurance discount with other discounts?
In many cases, insurance companies allow you to combine an alumni auto insurance discount with other eligible discounts. However, the availability of such combinations may vary depending on the insurance provider and their specific policies. It’s advisable to check with your insurance company to understand their discount stacking rules.
How much of a discount do you get for paying for your car insurance in full?
Most companies offer a 5% to 10% discount if you pay for your annual auto insurance premium at once.
Do college graduates get cheaper car insurance?
Usually, younger drivers, including college graduates, pay higher auto insurance rates. However, once you turn 25, your premiums begin to fall. Take advantage of alumni insurance discounts to save.
Does education level matter on car insurance?
Education level affects auto insurance rates in some states, so you might see lower insurance rates if you get an auto insurance discount for alumni.
What GPA is required for the Allstate insurance good student discount?
A GPA of 2.7 or higher (meaning a grade average of B- or above).
How long do violations stay on a person’s driving record?
Violations usually stay on someone’s record for three to five years. You can sometimes remove them faster by taking a defensive driving course or doing community service.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.