INSURANCE AGENCY NETWORK Blog
Teenage drivers looking for car insurance are usually faced with high premiums. This is because teens are generally said to lack driving experience, thus a higher risk of traffic violations and accidents. However, many do not know being a good student can help you get discounts on car insurance. This can help you or your parents save some money on your monthly insurance payments, as an added incentive for being a responsible student in school.
The Good Student Discount
The Good Student discount is a car or auto insurance policy that offers young drivers a discount for earning good grades. The system assumes that young drivers responsible in their academics are also responsible drivers who are less likely to be involved in accidents and violations.
This insurance policy, however, is not the same for all companies. Each insurance company can offer a student discount and are free to set their guidelines. Some may opt to offer student discounts for those with higher than B average grades until age 25. Others may offer a discount to unmarried drivers with at least a 3.0-grade point in college. Make sure to ask your insurance agency for this if you think you are qualified.
Usually, companies who offer this type of discount will ask for proof of grades during application. The traditional report card will do as well as alternative proof such as high SAT results.
Other Ways to Save on Car Insurance
Still, Insurance agencies say that the best way for any driver, young or old, to maintain their premiums at a low rate is by driving safely and avoiding accidents or traffic violations. A bad record on the road can lead to a steep increase in premium rates. It may also help to apply for a group discount with your parents’ car policy to save more money.
Doing well in school and being a responsible person really pays off, not just on the campus, but also in the outside world. Car insurance can be expensive, especially for young drivers, and may cause added stress to your parents paying tuition fees. Make sure to ask your insurer for student discounts if you think you are qualified.
At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (425) 681-0996. Get your free quote today by CLICKING HERE.