Insurance discounts are all the rage right now.
Tons of drivers seem to be clamoring to get every possible auto insurance discount out there in order to reduce their overall insurance premium, especially when adding a new teen driver to a policy…Ouch!
The good student discount is very popular among parents of youngsters. Basically, this discount, which can go by many different names, affords a break in premium for students who maintain a “B”, or “3.00” average in school.
How Do I Prove I’m a Good Student?
Insurance companies certainly don’t check your grades by contacting your school…they’ve got better things to do with their time.
But they certainly don’t just take your word for it for either.
A copy of school transcripts or a “most recent” copy of a report card must be submitted with an auto insurance application in order for the discount to be honored.
Your “smiley face sticker” grade from Junior High School will not pass the test, so leave it at your mom’s house.
When Good Students Go Bad
So you had a tough semester and your current grades reflect it. This can disqualify a student from the discount on the policy when it renews.
TTAI is not aware of an insurer that requires grade reports more frequently than at policy renewal.
How fast the discount is removed (if you can’t get your grades up) depends on your policy term.
If you have 12-month policy, you may be able to get the grades up before the policy renews and the insurer asks for a new report card.
If you opted for the six-month auto policy, or that’s all your current insurer offers, you’ll be providing report cards more often.
The best advice we can give is to keep up at least a “B” average. It keeps your parents and insurer happy.
Worried About Increasing Rates?
Get insurance quotes online to determine how much you should be paying for car insurance.
Once that’s complete, visit or call a local independent insurance agent to have them shop your rate with several insurers to get as close to that rate as possible.
You never know. There is likely a car insurance company out there who can beat your current premium without a good student discount…you just need to shop around.