Rachael Brennan
Licensed Insurance Agent for 14 Years

UPDATED: Mar 13, 2020

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Everybody knows that earning good grades in school offers a ton of benefits. However, were you aware that good grades can also save you money on your car insurance? It’s true! Many different auto insurance companies offer what is called a good student discount for young drivers of high school or college age.

All you need to qualify is to be enrolled full-time and keep your grades at a B-average (3.0 or higher). These terms may vary from policy to policy, so be sure to check with your insurance agent for specifics. A place on the Dean’s List or landing in the top 10th percentile may also bump up your discount.

See If You Qualify for the Good Student Discount

The good student discount comes from the fact that good students are better drivers and more responsible behind the wheel. Several different studies have proven conclusively that students with the highest GPAs (grade point averages) drive their automobiles with a greater sense of caution than most other young drivers. Enter your zip code to find cheap car insurance for students.

Good Student Auto Insurance Legend: Student Driver Rates (Monthly) Good Student Discount California Florida Illinois New York Texas 50 100 150 200 250 300 350 400 450 $203 $181 $424 $380 $102 $86 $454 $436 $347 $314

See How Much You Can Save On Student Auto Insurance

Certain insurance companies may place an age restriction on this discount and limit it to ages 16-24. This is because your typical insurance company will give you an ‘experienced driver’ discount starting at age 25. The good student discount is also dependent upon having limited experience behind the wheel, usually around eight years or less. Unfortunately, older adults returning to school after many years might not be eligible for this discount.

Young vs. Older Drivers: Premiums Legend: Student Driver Premiums Adult Driver Premiums California Florida Illinois New York Texas 50 100 150 200 250 300 350 $214 $81 $380 $150 $105 $40 $361 $146 $314 $119

This usually reduces your premiums on Liability Insurance (specifically Property Damage and Bodily Injury Liability), Collision and Comprehensive Coverage, and Medical Payments. Auto insurance providers vary on how much of a discount they will provide you, but on average, if your student driver meets all of their requirements, it may be as high as 10-20%.

The majority of insurance providers demand full-time enrollment in high-school or college. Many companies will give you a verification form which you can turn in to your school for proper grade validation. Your student driver must meet at least one of the following qualifications:

  • Earned a B average during the most recent semester (or a 3.0 GPA)
  • Made the Honor Roll or the Dean’s List
  • Placed in the top 20% of ACT, SAT, or PSAT scores
  • High standardized exam results (for home-schooled students)

You won’t have to be a valedictorian to recognize the benefits you could obtain from your student auto insurance provider. Find a quote from numerous dependable companies in your location right now to discover which auto insurance discounts you are eligible for. You might use the remaining money to pay for those late night pizza parties or a spring break vacation, which is just more motivation to study hard!