Many insurance companies recognize and reward good students with an extra discount. Usually, this discount is offered to single drivers under 25 years of age. This discount applies to Bodily Injury and Property Damage Liability, medical payments, and comprehensive and collision coverages providing that each such youthful driver meets certain requirements. In most cases, the following are eligible for the discount:

All single owners or operators under 25 years of age, but not less than 16 years of age, and whose use of the automobile affects the rates. Also, these drivers:

1. Must be full-time students in high school or

2. Must be enrolled as full-time students in academic courses in a college or university or

3. Must be graduated from a four year college or university and presently have a good student discount applied to his/her current automobile insurance policy and the school academic records for the immediately preceding school semester or comparable segment (or last school term for the college graduate) show that each student or college graduate:

1. Was in the upper 20% of the class in academic standing or

2. In school where letters are used to designate the student’s academic standing (such as A—Excellent, B—Good, C—Average, D—Below Average, F—Fail), the student had a grade average of "B" or its equivalent or

3. In schools where numbers are used to designate the student’s academic standing (such as 4—Excellent, 3—Good, 2— Average, 1—Below Average, O—Fail), the student had an average of at least 3 points for all subjects combined or its equivalent or

4. In schools that maintain a system referred to as a "Dean’s List," "Honor Rolls" or comparable designations the student shall have attained such designation of academic standing and for each such student and college graduate, the Company is furnished a statement, certified by a responsible official of the school indicating attainment of at least one of the above academic requirements or in lieu of such a statement, each such student’s or college graduate’s grade report or transcript thereof may be submitted.

You can comparison shop for a new car insurance policy here and check out how much the good student discount can save you.