There are many reasons why young people pay more for their car insurance. This includes the obvious, such as lack of driving experience and high accident statistics. The good news is that it’s possible to get cheap student car insurance by taking advantage of all the discounts available. Almost all car insurers offer discounts, even to teenagers. You can also get estimates in just seconds by entering a few quick bits of information about your age, car, and zip code. Here are some of the most common discounts young drivers can take advantage of.
1. Good student discounts
High school or college kids can get a car insurance discount just because they’re a student, but there’s a catch. The student must have and maintain good grades. Students can save a lot of money by working hard in class and getting good grades. Auto insurers have amassed huge amounts of accident data and statistics show that drivers who excel academically are also much safer drivers. Car insurance companies set premiums based on perceived risk and thus give discounts to less risky drivers, such as those with good grades. Achieving good marks requires discipline and sustained control, qualities that make good pilots.
Good student discount qualifications
*Most insurance companies offer these discounted rates to active students who maintain a B GPA or higher during an academic year. The good student discount is usually 10% on the car insurance premium. Hard work pays off in the classroom and also saves you money, so study hard!
* You must be a full-time student. Part-time students may not qualify for this type of discount.
* There is an age limit for students of 25 years old.
If you’re a parent paying for your child’s car insurance, use that discount as a motivator. If your child misses out on this great student discount this year, help them improve their grades and qualify for it next year. One idea is to offer to help pay for a new car with the insurance savings they’ll get from getting great grades.
2. Safety classes of certified drivers
Another smart way to get cheaper student car insurance and learn a lot is to take a certified driver training course. These courses are usually taught by highway patrol officers and other very experienced drivers, who have a wealth of driving knowledge to share. Not only will you learn to drive better, but after successfully completing the course, you can save up to 10% on your cover. A good tip is to make sure the course you intend to take is certified, so insurance companies recognize it and give you that big discount.
3. Buy a cheaper car to insure
The vehicle you insure is one of the most important factors that will impact car insurance rates. When you’re a young student driver, you’re already facing rates that are on average double those of most drivers over the age of 25. The car you drive can help you get lower rates or significantly increase your premiums. Stay away from exotic sports cars like a Porsche, expensive new cars, and vehicles that always top the most-stolen list. Consider buying a used car like a Toyota Camry which is fun to drive, safe and cheaper for students to insure.
4. Get resident student discounts
Students going to a college or university in another city or state (often more than 100 miles away) may qualify for a resident student discount. This little-known discount applies to students who plan not to drive while enrolled in school and only on limited occasions, such as winter and summer holidays. A student who wishes to avail of these special reduced rates must provide proof, such as an admission letter, with the college address. Additionally, the auto insurer will require valid proof of mileage and may also impose other restrictions on the driver.
5. Find the cheapest student car insurance online
Thanks to the web, finding the cheapest rates on student auto insurance has never been easier. Plus, you can compare multiple rates in minutes and find the policy that’s right for you.