Discounts are great. Who doesn’t like to pay less money for something just because the powers that be decided it should be so? Whether it’s getting 25% off a new pair of jeans or 15% off a jar of peanut butter, saving money gives you that satisfied, fuzzy feeling. And you know what? That’s especially true for insurance. There’s a super cool discount for young drivers that can help them (or you as their parent/payer of bills) save money on Atlanta teen auto insurance. It’s called the Good Student Discount, and it’s offered by many different insurance carriers. It might sound too good to be true, but it’s a real thing! We’ll explain what you need to know about the Good Student Discount.
What’s the Good Student Discount?
So, here’s the thing about teen auto insurance rates:
It’s often really expensive to insure a teen driver or a young adult (early 20s.) There are a few reasons for this. Teenagers don’t exactly have a ton of experience driving. And teenagers tend to be just a little reckless (not all teenagers, of course, but enough of them.) They might not make the best decisions when it comes to driving and they’re not terribly experienced drivers, and as a result, their age group is involved in a lot of accidents. Age is one of those factors that influence car insurance rates.
But the thing about the Good Student Discount is that it rewards teens and young drivers who have gotten good grades by lowering their Georgia car insurance rates. “Good students” are seen as being less of a risk to insure because they’ve shown that they’re responsible and capable of making good choices. To an insurance company, an A or B student is more likely to be a safe, responsible driver who won’t engage in risky behavior than a student with lower grades. And a safe teen driver is less likely to have an accident and file a claim.
Basically, the Good Student Discount can help offset those high teen car insurance rates if you’re the proud parent of a smart cookie.
Does my teen or college student qualify for the discount?
The requirements to be eligible for the Good Student Discount depend on the carrier, but the following gives you a general idea of the possible requirements.
The student must:
- Be under the age of 25.
- Be enrolled as a full-time high school, college, or university student. (However, some carriers extend the discount even after college graduation.)
- Have a 3.0 GPA or higher.
- Have a score in the top 20% on the SAT, ACT, or PSAT.
- Be an honor roll or Dean’s List student.
How do I get the Good Student Discount?
You’ll have to talk to your agent. They’re probably going to ask to see some proof of how amazing your kid is, so get ready to brag on your student! You may have to present one of the following as evidence of your teenager’s Good-Student-status:
- A transcript or report card.
- Test scores from a standardized exam.
- A letter from the school administration.
- A certificate for honor roll or Dean’s List.
You may also have to provide proof that your student is enrolled in the high school or university that they attend. If your student is home-schooled, you can provide a certification from a homeschool certifying agency, such as the state’s Department of Education.
One more thing:
You may have to continue to show that your student is still succeeding in school. Your agent might be in touch from time to time to ask for the latest report card or transcript so that they know your teen is still in good standing.
What are the savings from the Good Student Discount?
The specific discount amount or savings depends on your carrier – for example, it could be 15%. If your student makes good grades and they’re doing well in school, it’s definitely not a bad idea to investigate further and see if your carrier can help you save some money with this discount. Every little bit counts.
Are you looking for Atlanta car insurance quotes or trying to find out the best way to insure your student? We can help. We can help you get great coverage at a great rate. We enjoy making insurance as stress-free as possible and helping drivers save money on car insurance. All you have to do to get started with your car insurance quotes is fill out our online quote form or give us a call today.