The term good student discount refers to an auto insurance policy discount available to young drivers who earn good grades in school. … As a result, they deserve to pay lower insurance premiums since they are less likely than teens with poor grades to file a claim with their insurance company.
What GPA do you need for good student discount?
B or 3.0 GPA or top 20% in your class. Rank top 20% on ACT, SAT, PSAT, TAP, PACT, California Achievement Test or Iowa Test of Basic Skills.
Can you lie for good student discount?
If you’ve misrepresented your educational history, your provider will wipe out your student discount and may cancel your policy. In either case, any claim that you file is likely to be denied.
What GPA do you need to get lower insurance?
All of the 10 largest car insurance companies offer good student discounts, and most will accept a minimum of a B average or a 3.0 GPA. A designation like Honor Roll or Dean’s List usually counts, too.
How much is the good student discount at USAA?
Good student discount: save if you are 16-25 years old, enrolled full-time in high school or college, and maintain at least a “B” average. SafePilot discount: save up to 30% by allowing USAA to track your driving habits, including your speed, acceleration, and braking.
Do insurance companies check grades?
Insurance companies do check grades in order to offer good student discounts for teen drivers. … A copy of school transcripts or report card must be submitted with an insurance application in order for the discount to be honored.
How can students get cheaper insurance?
Families of student drivers can get the cheapest overall policies by adding the student to their existing policy. Students who leave home and bring their cars to college will need to buy their own insurance. They should shop around for the cheapest quote.
Do insurance companies check education?
Car insurance companies will take a look at your level of education when deciding your auto insurance premium. Studies have found that drivers with advanced degrees are less likely to make a claim than drivers without advanced degrees.
How does Geico verify good student discount?
A printed copy of your most recent college or high school transcript will suffice as proof to the insurer. First-year college students who want to apply for the good student discount can take a standard test and submit the percentile score to GEICO.
Can you lower car insurance with good grades?
Good student discounts reward high-school and college-age drivers who earn good grades with lower premiums on their car insurance. … Completing driver education, driving safely, avoiding accidents and traffic violations, and piggybacking on a parent’s policy are all good ways for young drivers to keep their premiums low.
What is the best insurance company for new drivers?
Best Car Insurance Companies for First Time Drivers Over 25
- American Family Insurance.
- State Farm.
- Liberty Mutual.