the biggest discount for good students can be found at allstate. however, state farm offers the cheapest auto insurance at a student discount.
Most insurers require students to maintain a b average or better, or be in the top 20% of their class to get a good discount for students.
Reading: Car insurance good student discount
best insurers with discounts for students
state farm has the cheapest auto insurance for good students, overall. a minimum coverage policy with a good student discount costs $71 per month, or $848 per year. that equates to a 17% savings for good students.
Although allstate offers the biggest good student discount at 20% off the standard price, their rates are more expensive than average, even after the discount. We recommend comparing quotes from other insurers rather than going with Allstate based solely on the discount percentage.
The typical amount you can expect to save with a good student discount is around $22 per month for minimum coverage insurance; however, good students can save up to $174 per month by comparing multiple companies.
how do I get a good student discount?
The process of getting a good student discount on your car insurance is simple: the most important part is making sure your scores meet your car insurance company’s criteria.
1. get good grades
To qualify for a nice student discount, you must have a b average or better, or be in the top 20% of your class. this is usually based on your cumulative transcript, so don’t worry if you had a lackluster semester.
Alternatively, you can qualify by scoring in the top 20% nationally on one of several standardized tests.
2. search quotes
Many auto insurance companies offer discounts for good ratings, and the process of figuring out how much you’ll pay at the discount is just like getting any other auto insurance quote. just keep an eye out for the “good student” checkbox as you fill out the form.
However, keep in mind that a good student discount is only part of what determines how much you’ll pay for car insurance. Even though Allstate has the biggest student discount at around 20%, its rate is still almost double that of the cheapest option overall, State Farm.
3. send proof of your good grades
After you’ve found the best price and signed up for insurance, you’ll need to provide proof that you’re enrolled in school full-time and getting good grades. Often, this will be a copy of your most recent high school or college transcript, although the exact requirement will vary by insurer.
See also: Should I Buy a New or Used Car?
If you use a standardized test to score, you can submit an official printout of your score and percentile. High school freshmen may have to wait for a report card, but essentially anyone else should be able to apply at any time during their education.
For some companies, including state farm, you don’t even have to be enrolled in college to get a nice student discount. If you completed a two- or four-year degree and are under 25, a cumulative transcript from your school may earn you the State Farm Good Student discount.
other car insurance discounts for students
A good student discount is far from the only way high school and college students can save on car insurance.
To find the best car insurance discounts for students, we’ve compiled car insurance rates for males ages 18, 20, and 22 who live in Illinois and own a 2015 Honda Accord.
quotes are based on the minimum coverage required in illinois:
valuepenguin’s analysis used insurance rate data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only; your own quotes may be different.