Good Insurance Student Discount: The good student discount is a special discount offered by insurance companies to students that have excellent academic records.
Landing a good student discount as a student will do you lots of good because it will cut down the amount of money that you will spend on auto insurance.
However, besides an excellent academic record, there are other requirements that you must have before you can obtain a good student discount.
So, this post will introduce you to these requirements, help you learn more about good student insurance discounts, and tell you about some insurance companies that give good student discounts.
Good Student Discount
The Good Student Discount is a special type of insurance discount that is offered to young drivers that have excellent academic records.
This discount is offered to students because it is believed that students who have a higher GPA drive cars more responsibly.
As a result, brilliant students enjoy lower insurance premiums since the chances of them filing a complaint with the insurance firm are very slim.
The good student discount, on the other hand, serves as a factor that motivates students to put in their best efforts in school.
Auto insurance is offered by insurance companies to people that desire to guard themselves against damage that occurs as a result of accidents and other happenings.
However, auto insurance coverage is only available to people that have completed the payment of a fixed premium.
If a person is involved in an accident, they can file a claim to cut down on the amount of money they will spend to generally fix the car.
Also, insurance companies that offer a good student discount do so on their own terms, and they have other requirements that a student must meet to get the discount.
Academic Requirements For A Good Student Discount
Students can get a good student discount if they possess one or more of the following:
- Have a B-average GPA or higher
- Have an excellent score on standardized tests like the SAT, ACT, or MCAT
- Be placed in the top 20% of the class
- Be on the honor roll or dean’s list
- Have an Associate’s degree or a Bachelor’s degree
However, it is important for you to know that the good student discount varies according to the insurance firm.
While some may offer a good student discount as high as 25%, some may offer a good student discount of 10% only.
How To Acquire The Good Student Discount
You can be among the selected students that enjoy this discount if you take the following steps:
1. Get excellent grades
To enjoy a good student discount when paying for your auto insurance, you have to achieve excellent academic grades.
In other words, maintain a B-average GPA or higher in school. You can also obtain a good student discount if you excel on standardized tests.
But this discount is only for single students between the ages of 16 and 25 who are currently enrolled in high school, college, or homeschool.
2. Look for Quotes
Almost every insurance company offers a good student discount and employs similar techniques in calculating the total fee that a student is expected to pay after the discount is applied.
So, if you are eligible for the good student discount, please ensure that you scan the form when completing it online so you can get a “good student” checkbox.
But, keep in mind that the student discount is not the only thing that decides how much auto insurance will cost.
3. Provide evidence of your excellent academic standing
To obtain a good student discount, a student must show proof that they are currently enrolled in a full-time program at school.
Although the minimum GPA required to land a good student discount is not the same for all insurance companies, a copy of your latest transcript will be asked of you.
If you want to get a good student discount based on a score from a standardized test, you can do that as well.
Some Top Insurance Firms Where You Can Obtain Good Student Discounts
You can obtain a good student discount from any of the following firms:
1. Allstate
Allstate is one of the biggest insurance companies in the world. This firm offers a good student discount of 25% to students that maintain a B-Average GPA or higher.
Moreover, students can still save money on auto insurance by signing up for Allstate’s Milewise program.
Students that register for this program will enjoy an insurance payment plan that is determined by their monthly mileage against the fixed payment plan.
Allstate’s Milewise program is highly recommended for drivers like students who do not travel long distances.
2. Progressive
Progressive is an insurance firm that offers the most affordable auto insurance.
It is an open secret that insurance companies collect high auto insurance rates from students because they have a higher chance of damaging a car due to their inexperience than others.
However, you can enjoy a discount of about 10% from this company if you are a student that has a GPA of not more than 3.0, you are not older than 23, and you are currently enrolled in a full-time program at high school or college.
Moreover, Progressive also offers a distance student discount that reduces the amount of money a student will pay for auto insurance.
The distance student discount is open only to students that are enrolling in a full-time program are not more than 22 years of age and live no more than 100 miles from their school.
3. State Farm
State Farm is another insurance company out there that offers a yearly discount of 25% to students that are under the good student discount program.
Despite the fact that all states may not have the same conditions, every student seeking to enjoy a good student discount from State Farm must enroll in a full-time program and possess a GPA that is not less than 3.0.
Moreover, State Farm offers the Steer Clear program to youths not more than 25 years of age who have not caused any accidents or disobeyed a traffic rule in the last three years.
This program helps to enhance their driving skills.
Nevertheless, the program comes with a discount for those that successfully drive for up to five hours in no less than 10 trips without any issues.
Furthermore, students can always fall back on the student-away discount if they drive cars only when they are in school.
The student-away program is only open to those that reside no less than 100 miles from school.
4. GEICO
Geico is one of the best insurance companies in the US.
This company has gained popularity for offering a mobile app that makes it simple for students to stay informed about the services they offer, such as the GEICO student discount.
Geico offers a student discount of 15% in addition to the driver’s education discount, which is highly rewarding.
This company also gives special discounts to students who belong to certain student groups and alumni groups.
Frequently Asked Questions on Good Student Discount
In the context of car insurance, “good student discount” refers to a price reduction that may be applied to a policy if a teen driver maintains satisfactory academic progress. This reduction is based on the premise that young drivers who are responsible in the classroom will also be safe behind the wheel.
15% Off Student Discount
As a general rule, a B average (GPA of 3.0) is considered to be the norm for students in high school. Many scholarships for higher education set this as a bare minimum criteria, while a GPA of 3.5 or better is typically preferred. The cumulative grade point average is an essential factor in the selection of college students.
Amazon Prime Student gives students a free trial for six months. This is the longest free trial that Amazon has right now. After that, students can keep using Amazon Prime for $7.49 a month, which is 50% less than the regular price.
Conclusion
Young drivers pay lots of money for auto insurance because their chances of getting involved in an accident are very high.
However, to reduce the cost of auto insurance for students, who are young, of course, most insurance firms offer good student discounts.
While some insurance companies offer a student discount that is as high as 25%, some offer a student discount of about 10% in addition to other incentives.
Nevertheless, students can only get a good student discount if they have good grades and meet the other requirements that have been discussed in this article.
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