How to Get a Good Student Auto Insurance Discount in 2024
Young drivers wondering how to get a good student auto insurance discount can save between 3%-25% on their rates if they have at least a B average. Below, you can learn how to qualify for a good student discount on car insurance, the benefits of a good student auto insurance discount, and GPA requirements.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: May 1, 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: May 1, 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
- Insurance companies often require a 3.0 or higher GPA for young drivers to qualify for good student discounts
- Typically, good students can qualify for this discount up to age 25
- The exact percentage saved by the discount depends on the auto insurance company
Can good grades lower auto insurance rates? If your insurance company offers a good student auto insurance discount, young drivers who get good grades can save on car insurance. Since car insurance for younger drivers is so expensive, we recommend applying for as many auto insurance discounts as possible to find cheap auto insurance rates for college students.
Continue reading to learn more about how to get a good driver auto insurance discount and other ways to lower the cost of auto insurance for teens and young drivers.
How to Prove Eligibility for a Good Student Auto Insurance Discount
Getting a good student discount is straightforward, if your auto insurance company offers it and you prove eligibility for a good student auto insurance discount.
Get Good Grades in School
Before applying for a good student discount, it’s important to ensure that your grades are good enough to qualify. Generally, most auto insurance companies want your GPA to be a 3.0 or higher to qualify for a good student discount.
Some other common requirements for a good student discount are as follows:
- Must be a full-time high school or college student
- Must be between the ages of 16 and 25
- In the upper 20% of their class
These requirements explain how to qualify for a good student discount on car insurance at most of the top auto insurance companies. If you don’t meet them, you may be unable to get a good student discount. So, ensure you have the right GPA for a good student discount on car insurance.
Companies With a Good Student Auto Insurance Discount
As stated earlier, not every auto insurance company offers a good student discount. Some of the auto insurance companies that offer good student discounts are:
- Allstate auto insurance
- American Family auto insurance
- Country Financial auto insurance
- Farm Bureau auto insurance
- Farmers auto insurance
- Geico auto insurance
- Liberty Mutual auto insurance
- Nationwide auto insurance
- Progressive auto insurance
- State Farm auto insurance
- Travelers auto insurance
- USAA auto insurance
These insurance companies may not offer good student auto insurance discounts in every state. So if there’s a company you are interested in, read the fine print to find the best car insurance for college students.
One company may initially seem to be the better deal because it has the largest good student discount. However, if its base rates are higher than other companies, you won’t end up saving that much.
Best Companies With Good Student Discounts on Auto Insurance
So which are the best companies with good student discounts? Some of the best auto insurance companies are Geico and State Farm, where the rates are already economical before the good student discount. See the table below to compare good student discount percentages by insurance company:
Companies | Maximum Percentage |
---|---|
21st Century | |
AAA | |
Allstate | 20% |
American Family | ✓ |
Ameriprise | |
Amica | 10% |
Country Financial | 25% |
Esurance | 10% |
Farmers | |
Geico | 15% |
Liberty Mutual | 23% |
MetLife | 15% |
Nationwide | 10% |
Progressive | ✓ |
Safe Auto | 10% |
Safeco | 15% |
State Farm | 25% |
The General | 8% |
The Hanover | 5% |
The Hartford | 3% |
Travelers | 8% |
USAA | 3% |
As we’ve mentioned, just because one of the auto insurance companies offers a bigger discount doesn’t necessarily mean it’s the cheapest option. While the Geico good student discount caps at 15%, the good student discount with State Farm goes up to 25%.
However, we still recommend you to get quotes from various companies to see which one saves you the most on auto insurance with a good student discount.
Provide Proof of Good Grades
If you meet the GPA requirements for a good student discount and your insurer offers one,submit proof of your grades to your company. This proof could be in the form of standardized test scores, school transcripts, or whatever documentation your insurance company requires.
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Auto Insurance Rates for Young Drivers in Their 20s
Discounts for young auto insurance policyholders are important. They often get charged some of the most expensive rates. Below, you can see the average rates for drivers in their 20s without any discounts:
Insurance Company Minimum Coverage Full Coverage
Allstate $223 $519
American Family $178 $414
Erie $81 $189
Farmers $271 $629
Geico $107 $254
Nationwide $167 $387
Progressive $281 $662
State Farm $125 $284
Travelers $310 $740
USAA $88 $203
Good student discounts and other discounts can help you save on car insurance no matter what age you are.
Additional Auto Insurance Discounts for College Students
In addition to young student discounts, there are a few other discounts that you can ask for to save money on your car insurance policy. Take a look at them below.
Bundling Discount
A good discount is a bundling discount, where insurance companies offer you a significant discount on auto insurance if you bundle auto insurance policies from them. For example, parents could bundle home and auto insurance, or if students live away at school in a rented apartment, parents could bundle home and renters insurance.
Driver’s Education or Training Programs Discount
Some insurance companies offer driver’s ed discounts if you participate in a school or approved company’s safe driving training program. Not all insurance companies have their own training program, but it’s worth looking into if your insurance company does.
Safety Features Auto Insurance Discount
Whether you’re a young driver looking for a car or a parent buying a car for a young driver, it’s important to look for vehicles with safety features and good crash ratings.
Most companies offer discounts for safety features like anti-theft systems, tracking devices, and electronic stability control. Cars with easy-to-find and cheap replacement parts will also be cheaper to insure. Learn more about how to get affordable auto insurance for older cars.
Student Away From Home Auto Insurance Discount
If you need auto insurance for college students, you could apply for car insurance for college students away from home if your child lives away at college. Generally, students must attend school at least 100 miles from their home address and not have a car with them on campus. Read more about finding the best auto insurance for children at college.
More About How to Get a Good Student Discount for Auto Insurance
If you’re wondering how to lower your auto insurance rates and your insurer has a good student discount, applying for one is simple. Simply call your insurers to ask them if you qualify for a good student car insurance discount.
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— AutoInsurance.org (@AutoInsurance) August 29, 2023
So, what GPA do you need to get a discount on car insurance? Generally, if students have a B average or higher and are between the ages of 16 to 25, they can qualify for a good student discount. However, we also recommend you shop around for quotes for young drivers to get cheap car insurance for college students alongside a good student discount.
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Frequently Asked Questions
What GPA do you need to get a discount on car insurance?
You might be wondering how to prove eligibility for a good student auto insurance discount. Typically, students need to have a GPA of 3.0 or higher or a B average. However, the exact requirements may vary depending on the auto insurance company.
How much is the good student discount?
The good student car insurance discount ranges from 3%-25%, depending on the company. Car insurance for college students is considerably cheaper with State Farm’s 25% good student auto insurance discount.
Does Safeco auto insurance offer a student discount?
Yes, Safeco auto insurance offers a good student discount. Its requirements are similar to other auto insurance companies, as students must have a good GPA and be within the ages listed.
How long does an auto insurance discount for students last?
Most insurance companies allow the good student discount to be applied up until the driver is 25 or they are no longer attending school full time. The exact requirements will depend on the auto insurance company you are with.
Which company has the best good student auto insurance discount?
State Farm and Country Financial offer a 25% good student auto insurance discount, the highest percentage of all the companies mentioned.
What is a good student auto insurance discount?
A good student auto insurance discount is a discount offered by insurance companies to student drivers who demonstrate high academic performance. It rewards students for their responsible behavior and can lead to significant savings on their auto insurance premiums.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
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.