Can you get a discount on car insurance for having good grades?
Asked by: Ellen Fadel | Last update: December 20, 2025Score: 4.7/5 (45 votes)
What GPA is good for insurance discount?
Insurance companies typically require students to maintain at least a "B" average, or 3.0 GPA, to earn the discount.
Do grades affect car insurance?
Yes, grades affect car insurance, since every major car insurance company offers a good student discount. Most insurers provide a discount of up to 25% for good grades if a named driver on the policy is unmarried, in high school or college, and between 16 and 25 years old, as long as they maintain a B GPA.
How much do you get off insurance for good grades?
Good Grades Could Save Your Family an Average of $546 a Year on Auto Insurance Premiums.
Can students get discounts on car insurance?
Fortunately, many car insurance companies do offer ways to cut down on car insurance premiums for college students – namely, in the form of insurance discounts. Generally, you may need to meet some qualifications to be eligible for discounts, such as: Being a full-time student. Being under the age of 25.
What GPA Is Required To Earn A Good Student Discount On An Auto Insurance Policy?
What GPA do you need for insurance?
One is our Good Student insurance discount for grades that accumulate 3.0 GPA or higher, which can get you a discount of up to 14.5 percent on your insurance. [Editor's note: The Good Student discount is 7.1 percent in California.]
Do students get better car insurance rates?
Many insurers offer discounts for young drivers on a policy who are also good students. In most states, you'll get around a 10% discount *Read the associated disclosure for this claim. on your Progressive auto policy if your child is a full-time student, under the age of 23, and has a B average or better.
How much is the Allstate Good student discount?
While Allstate offers the largest good student discount at about 20% off the standard price, its rates are more expensive than average, even after the discount. We recommend comparing quotes from other insurers rather than going with Allstate based on the percentage discount alone.
Do insurance companies look at school grades?
Many insurers offer a discount to teen drivers who maintain good grades. While the grade point required can vary by insurer, a 3.0 is a common requirement. You will need to provide proof of grades. Insurers typically check grades once a year.
How much does it cost to add a teenager to car insurance Geico?
It costs about $1,076 per year to add a teenager to Geico car insurance. Geico typically charges less than the average auto insurance company to add a teenage driver to a parent's car insurance policy.
Which car insurance is best for students?
- Best for discounts: Geico.
- Best for customer satisfaction: State Farm.
- Best for students leaving their cars at home: Progressive.
- Best for pay-per-mile coverage: Allstate.
What age does your car insurance lower?
The most substantial reductions in auto insurance rates typically come as teen drivers get older, usually when they hit 18 or 19 years old. Rates continue to decline as you age, particularly once drivers pass the age of 25.
Can my credit score lower my car insurance?
It found that the use of credit-based insurance scores decreased premiums on 57.4% of auto policies and increased premiums on 23.4%. The scores had no effect on the remaining 19.2% of policies.
Does car insurance go down if you have good grades?
Good student: Many car insurance companies offer discounts to full-time students who get an average grade of B or higher, have high standardized test scores, or make the honor roll or dean's list. You'll have to meet the age requirements and provide test scores or school transcripts.
What GPA is required for Allstate insurance Good student discount?
If you're unmarried and under the age of 25, you can save if you meet one of these requirements: Your grades average a B- or above or you have a GPA of 2.7 or above. You have successfully completed the teenSMART driver education program. You attend school at least 100 miles away from where your car is garaged.
Is it cheaper to insure a car that has a fast engine?
Most insurance companies will charge more for a turbo engine if the VIN identifies it as such — since it has more power and speed, the risk of a claim is going to increase. The same goes for luxury or modified vehicles. Some companies may even refuse to quote it depending on the make and model.
Does education level matter on car insurance?
Drivers with greater educational attainment — Masters and PhD level — pay the least for car insurance. Insurance companies see drivers with less education as more likely to take risks than a better-educated driver.
Do college students get a discount on car insurance?
Student discounts for car insurance
In most states, the average discount is 10%. Distant student discount: If you're 22 years old or younger, go to a school that is 100 miles or more from your home, and don't have a car at school, you'll earn a distant student discount with Progressive.
Can the color of your car affect your insurance premium?
Does car color affect insurance rates? The color of your car doesn't affect your insurance rate. Instead, your insurance company uses other information, like your car's age, location, usage, and your driving record, to help determine insurance rates.
Is Allstate cheaper auto insurance?
Allstate's average car insurance rates are above the national average in every driver category we analyzed.
Where all do students get discounts?
Madewell offers a 15% discount for students online and in-store. Nike offers a 10% discount to eligible high school, college, and university students in the United States, who verify their student status with SheerID. Purple offers students a 10% discount on mattresses. Redbubble offers a 15% discount for students.
Does Allstate offer a senior discount?
The age you need to be to qualify for the Allstate mature driver discount can vary by state. In California, you need to be at least 55 years old, but 99% of California drivers 55 and older are eligible to take advantage of the program.
What age makes car insurance cheaper?
Experienced drivers are less likely to have accident claims, which means they cost less to insure. At Progressive, the average premium per driver tends to decrease significantly from 19-34 and then stabilize or decrease slightly from 34-75. At age 75, the average premium begins trending upward.
What's the best student car insurance?
The best car insurance for college students is from Geico, USAA, and AAA because they offer the lowest prices and good customer service, according to WalletHub's analysis. The best car insurance companies for students can save young drivers up to $900 per year, compared to the worst options.
What is the Allstate full pay discount?
FullPay Discount
You may qualify for this discount at new business if you pay your premium in full at the point of sale of your new policy. You may also qualify at renewal if you pay your premium in full no later than the date specified by your agent.