Why is Insurance Cheaper For Students?

Auto insurance is typically more expensive for young drivers, as they have less driving experience and are more likely to be involved in accidents. Young drivers are also viewed by insurance companies as high risk, which is why they are often eligible for discounts. If you’re a student, you might be interested in a “good student” discount, which can cut your auto insurance premiums by up to 25%, on average. This discount is based on good grades, which are considered good driving training.

Several car insurance companies offer a student discount. Nationwide, for example, requires that you be enrolled in school full-time and have a minimum B average. To qualify for this discount, you must be between 16 and 24 years old. You may also be eligible for a military discount if you’re a member of a certain organization, or if you’re a student in a military program.

Another good student discount is available for full-time students. This discount will save you up to 10% on your premiums. Some insurers reward good grades with discounted rates. If your report card indicates a grade point average of 3.0 or higher, they’ll cut your rates. If you’re a student, you may also qualify for a “good student” discount. If you’ve been a good student for three years, you can also get an accident-free discount. In addition, if you’ve never had an accident, you can qualify for an additional 10% off your premiums.