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How much is the good student discount?

Question: How much is the good student discount?

Answer:  The definition of a good student varies from one insurance company to another -- as does the amount of the discount.  In general, car insurance companies recognize a "good student" as someone under age 25 that is enrolled in high school or college and ranks in the upper 20 percent of his or her class, has a B average or 3.0 average or is on the Dean's list or honor roll.

A discount for a good student is based on the premise that good students are better drivers. Statistics have shown that students with higher grade point averages (GPA) tend to be more responsible when operating an automobile and are in less accidents.  This means this group of drivers pose less risk and thus are given a reduction in their premiums.

This discount normally applies to bodily injury and property damage liability insurance, medical payments, and physical damages of comprehensive and collision coverages providing that each such youthful driver meets certain requirements.  Insurance companies underwriting guidelines vary on how much the good student discount will be for those that meet their requirements but, on average, it is a 5 to 15 percent discount.  This makes it a great discount for teenagers.

For example, Geico offers a discount for young drivers who are full time students and between the agents of 16 and 24. The discount can be 10 to 15 percent if the young driver meets any of these requirements:

  • B average prior semester,
  • 3.0 grade point average (GPA),
  • dean's list or honor roll,
  • top 20% SAT or ACT score,
  • top 20% PSAT score,
  • home-schooled students may be eligible based on standardized exam results.

Nationwide Insurance notes that for their good student discount one can get up to a 15 percent discount on their auto insurance when your teen earns a B average or above on their report card.

When buying from CarInsurance.com we will ask you questions about a young driver when you are purchasing your policy and your discount will automatically be applied (if available).

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3 Responses to "How much is the good student discount?"
  1. sheri

    This is the general rule. If you want good rates you need to be a good student, which gives you something to strive for.

  2. mike

    Just because someone has a good average shouldn't affect rates. My son never got called to the principal office, he assisted the teacher in activities but his average was 65 due to IEP (learning disability). He took driver's education and passed with flying colors. I think the statistics are wrong.

    1. james March 03, 2013 at 1:35 PM

      Good student discounts are a waste of time, in my opinion. My sister is a horrible driver but a good student so she gets a discount. I am a good driver and a 2.5-3.0 student, yet I don't get a discount. First time driving with my instructor I was told I could have passed the road test with flying colors. My sister has been driving for 3 years and still cannot parallel park. Discounts should be based on how well the person drives, not how good their grades are.

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