How much is a student discount for car insurance?
Asked by: Dr. Hollis Denesik | Last update: September 5, 2025Score: 4.5/5 (22 votes)
How much is a good student discount for car insurance?
Good student drivers save average of 10.9% on auto insurance
It pays to do well in school. For a freshly licensed 16-year-old driver on their parents' auto insurance policy, a good student discount could save an average of 10.9%. With the good student discount, insurance premiums average $4,449.48.
Do students get lower car insurance?
The cost is typically higher for college students than for older adults, primarily because people between the ages of 18 and 22 can be riskier drivers. Cost savings is one of the reasons most parents keep their college-aged students on their car insurance policy.
Who has the cheapest car insurance 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 GPA qualifies students for an auto insurance discount?
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.]
Getting Discounts On Student Auto Insurance - 2017 Students Car Insurance Premiums
How much is the insurance student discount?
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.
How does a student discount work?
Student discounts are often for students studying at college or university. You have a card that you show to get money off on things you buy. For example, going out for food, buying clothes and subscriptions on apps. There is no minimum or maximum age for it, as long as you are in full or part time education.
How much do college students pay for insurance?
The average annual cost of a public university student health insurance plan is $2,924, while a private school health plan averaged $3,874 annually for undergraduates in the 2023-24 plan year, according to Beckley.
At what age is car insurance cheapest?
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.
How do I add a college student to my car insurance?
If your student plans to drive: It's wise to keep them on your policy. They could get their own auto insurance policy—and will need to if they aren't considered your dependent—but as a “high-risk driver” (a young driver without much experience), they may face expensive premiums.
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.
What age do car insurance rates go down?
On average, auto insurance rates for 25-year-olds are cheaper than rates for younger drivers. Auto insurance premiums tend to decrease as you get older, until about age 75.
Does my car insurance cover a student driver?
In California, teen drivers are automatically covered under their parent/guardian's insurance once they obtain a learner's permit, so no action is required until a teen gets a driver's license.
Why is student car insurance so expensive?
The lack of experience and driving history plays a major role in determining insurance rates. Young drivers are seen as more prone to accidents due to inexperience, making them riskier clients for insurers. This can result in higher premiums and even difficulty obtaining insurance coverage.
Can students get discounts on cars?
Recent college grads and college students graduating soon can get access to special discounts that help make it easier to get behind the wheel of a new car. In some cases, current students and even newly admitted students may also be eligible.
How much is the State Farm Good student discount?
The State Farm Good Student Discount can save you up to 25% on your auto insurance when a full-time high school or college student on your policy maintains a 3.0+ GPA, is ranked in the top 20% of their class, or is named to the Dean's List/Honor Roll in a given semester.
Does credit score affect car insurance?
How credit-based insurance scores work. Most U.S. insurance companies use credit-based insurance scores along with your driving history, claims history and many other factors to establish eligibility for payment plans and to help determine insurance rates. Again, except in California, Hawaii, and Massachusetts.
Which gender pays more for car insurance?
On average, young men pay much more for car insurance than young women. This is because car insurance providers find men to be riskier drivers than women, especially when they are younger. When they are older, women start to pay slightly higher rates.
Can I stay on my parents' car insurance after 26?
There is no age limit that prevents you from staying on your parents' car insurance policy as a listed driver, as long as you live at home or if you're a full-time college student.
Do college students get cheaper insurance?
College students typically pay more for car insurance
While insurance providers typically charge younger drivers, like college students, higher car insurance rates, the amount you'll pay depends on many factors. But remember: If you can stay on a parent's policy, you'll typically pay less.
How much does student insurance cost in the US?
The international student insurance for USA cost per month ranges from $30 to $463. The price depends on the factors such as student's age, coverage duration, medical benefits, deductible, and co-insurance.
What type of insurance do college students need?
For most college students, auto, renters' and health insurance are the three most important coverage types – they may even be all the coverage that's needed. However, some college students may want additional policies.
How much do I get off with student discount?
You can get access to between 10-25% off ASOS, 15% off Sephora and 10% off everything at Boots (yes, including already discounted items and clearance). Amazon Prime also offers students a free 6 month trial as part of their student discount scheme.
Who is eligible for good student discount?
In most states, the requirements are that the driver must be under 25 years old and a full-time student in high school, college, or vocational or technical school. The student has to meet one of these grade standards: Rank in the top 20% of the class. Letter grade average of B or better.
How to ask for a student discount?
The best advice is to always carry your student card with you – most places accept a UNiDAYS ID, Student Beans ID or Totum card, or sometimes even an email providing proof that you are a student. And where it is not clear whether a place offers a student discount or not, don't be shy to ask.