How to Get a Good Student Auto Insurance Discount (2024)

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:

Good Student Auto Insurance Discount Savings by Company

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.

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:

Full Coverage Auto Insurance Average Rates for 25-Year-Olds by Company

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.