Teen and young drivers in their early 20s face the highest auto insurance premiums for any driver group. There are many reasons for this, including lack of experience and high accident statistics. Thankfully, it is possible to get cheap student car insurance by taking advantage of several discounts that most insurers offer. Here are a few of the most common ways younger drivers can save.
Good Student Discounts
Most young people are already in school, so you can’t get a discount just for being a student. However, you can save some serious money by getting good grades. Insurers have amassed massive amounts of accident data. Statistics show that drivers who excel in school are also much safer drivers. Auto insurers price premiums based on risk and give discounts to less risky drivers, like those with excellent grades. Many companies even extend the lower rates for a period (often one year) after the student graduates, which is another huge plus.
1. Good Student Qualifications
Most companies offer Student Car Insurance with discounted rates to those who maintain a B or higher GPA over the course of a school year. Hard work pays off in the classroom and also saves you money!
- You must be a full-time student.
- There is a student age limit of 25 years old.
If you are a parent paying for your child’s vehicle insurance, use this discount as a motivating factor. If your child misses this good student auto insurance discount this year, help them get their grades up and qualify the following year.
2. Driver Safety Class
Another way to save on student car insurance and learn a lot is to complete a certified driver’s education class. These classes are often taught by highway patrol officers and other highly experienced drivers who have a wealth of information to share. Not only will you learn how to drive better, but after you successfully pass the class, you can save up to 10% on your premiums.
3. Discounts for Resident Students
Students attending college in another city or state (often more than 100 miles) can qualify for resident student discounts. This discount applies to those students who plan on not driving while school is in session and only on limited occasions, such as Christmas and summer breaks. A student who wants to get these special rates must provide proof, such as an admission letter with the college’s address. Also, the insurer will require proof of mileage and might impose additional restrictions. Check resident student car insurance rates now by getting a free online quote.
Getting a Vehicle that is Cheap to Insure
The car you are insuring is one of the main factors that will impact rates. When you are a young student driver, you are already facing rates that are, on average, $500 more than older drivers. The car you drive can either help you get lower rates or cause your premiums to rise significantly. Stay away from sports cars, expensive new cars, and cars on the top of the most stolen list. Go for a used car like a Toyota Corolla that is fun to drive and easy to find cheap car insurance with low deposits.
Get Cheap Student Car Insurance Online
The internet makes finding the lowest rates on student car insurance easier than ever before. Car Insurance companies have direct insurance rates online that are often much lower than the quotes offered through agents or brokers. You can also compare dozens of rates in just a few minutes and select the right policy for you, all online. Compare student auto insurance costs online and review offers from multiple competing companies today.