We all know that you can go back to school and be a student again at any age but most people who can qualify for the good student driver insurance discount are the ones with the highest average premiums. Once you turn 25, your auto insurance company magically decides that you are a safer driver and lowers how much you pay for your monthly premiums.
But since most students are under the age of 25, a good student insurance discount is one of the few ways to find relief from astronomical auto insurance premium costs for young people. While some insurance companies do have some programs that can help older students going back to school, the good student insurance discount usually applies to single students under 25 who maintain a certain GPA or grade point average. If you are a student and you don’t know what a GPA is, then you probably wouldn’t qualify for this discount anyways.
Although the required GPA for a good student insurance discount varies from insurance carrier to insurance carrier, usually it involves having an average of 3.0 or above over the course of a semester or quarter depending on how your school schedule works. You will be required to send in a copy of your report card to your insurance carrier, usually directly from your school so don’t try and white out the grades on your report card to trick your agent or broker.
With spiking tuition costs at many schools and with the number of students being forced to work jobs to stay in school, getting a good student insurance discount is more important than ever. The savings at many insurance companies can be on average up to 25% off of your usual auto insurance premium so this can seriously save you a lot of coin.
Just imagine how many more student textbooks you should be able to afford with that size discount? If we remember how expensive university textbooks can be, that may mean you can only afford 3 more a semester but in this world you take money saving wherever you can find it.
Now, balancing good grades, your social life and a possible part time working career can be one of the most trying times in your life. But just imagine how much pressure that a possible 25% off of your insurance premiums will take off of your personal financial budget with a good student insurance discount? Just remember to be smart about what you spend your money on because your education is the most important thing to focus on at this point in your life.
When you are under 25 and single, you are considered by auto insurance companies to be the riskiest driver, most especially if you are male. A good student discount on your auto insurance is really your only avenue towards saving money on something that is required if you plan on driving. So, either you can figure out how to take a bus to class and work, or you can buckle down in your classes and go for a good student auto insurance discount. We know you can do it.