Car Insurance Discounts For Good Students

As a student, you have to worry enough as it is about finances and whether or not you can afford to buy ramen in bulk. So why should you have to add expensive car or health insurance to the mix? The bad news is that your youth makes you a candidate for more expensive car insurance. The good news is that your school grades can lower your costs, making studying even more worthwhile.

Statistics show that students who do well in school are less likely to get into a car accident than those who do not. This falls with the assumption that those who study hard are more motivated, therefore less reckless. That’s why your hard work can pay off in more ways than you know – you can save a few hundred dollars every year on your car insurance!

How can I get my discount?

To be eligible for a good student discount, you must be younger than 25, enrolled full-time in an accredited high school or college/university, and have proof of your good grades (3.0 GPA or higher). Proof can range from honor roll/dean’s list letters to report cards and transcripts – speak to your specific carrier to understand what they’ll accept as proof. If your grades are low now but you want to raise them for your car insurance, you can usually purchase your coverage now and send in your proof of good grades later to receive your discount. You may need to re-submit your good student status every year when you renew your car insurance. High school students who are homeschooled can usually submit standardized testing scores as proof.

If you are attending school away from home but have a car waiting when you return home for school breaks, you can apply for a “resident student discount” so that your costs while you aren’t home and driving the car will not be astronomical. Speak to your insurer to discover your options.

Are there other options?

If you have good grades and are still looking for another way to save, or if you tend to perform poorly in school and need another savings option, consider taking a defensive driving course. In some cases, defensive driving course discounts are only available to seniors or those with more driving experience, so speak to your insurer to find out if you are eligible.

If you need help selecting an auto insurance plan in Tennessee or if you have questions and need answers, call InsureTN today to speak with a licensed agent at 615-964-5250.

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