The reasons young people pay more vary greatly. While the main reason remains historical accident information and lack of driving experience, young people can still save some money by taking advantage of the discounts on offer. Auto insurers generally offer discounts even for teens. All you need to do is enter your details like car, age and zip code and you can see the available discounts in seconds. Here are the typical student discounts that a teenager can take advantage of:
1. Good discounts for students
Students studying in college or high school are eligible for these types of discounts, the only parameter being that they must maintain good grades. By studying hard, students can save a considerable amount of money. According to research conducted by auto insurers, it was observed that students who excelled in studies had a lower risk of accidents. Hence, the financial risk involved in this type of student is lower, so they can enjoy discounts when they keep good grades. The basic idea behind this discount is that it takes constant commitment, dedication and qualities to achieve good grades and it also means that you possess all the qualities to be a great driver.
Requirements for a good student discount
Discount rates are generally offered to students who maintain a grade of B or higher throughout the year. When this criterion is met, they are entitled to a 10% discount on the auto insurance premium. Hard work not only helps you succeed in life, it also helps you save a significant amount of money when you are studying.
The student must be a full-time student and must not be doing a part-time or distance learning course.
There is an age limit of 25 years for the student.
For parents who pay their children’s insurance premium, they can always read them to study further. If they try and can’t make it for some reason, you can always motivate them to study harder and perform better in the coming year.
two. Certified Driver Safety Classes
There are different types of education classes for drivers. They are taught by highway patrol officers and other experienced drivers who will share valuable driving tips. By learning from them and passing the class, you obviously become a better driver than you were. When you give the certification to the insurance companies, they can give you a discount of up to 10% of your premium. However, when you enroll in certified driver safety classes, you will need to make sure they are recognized by auto insurers.
3. Buying a car that has a lower insurance cost
The cost of the car and the type of car you are buying play a large role in determining the premium. For teens, the cost of insurance is still double the cost paid for a 40-year-old. However, the car you choose can help you lower your rates to some degree. Don’t buy sports cars like Porsche or any flashy new car that is a thief’s favorite. To stay safe and avoid higher car insurance costs, buy used cars like the Toyota Camry, which is safe and doesn’t cost too much for the insurance premium.
Four. Resident students get a discount!
Students who plan to join a college or university in a different location, typically more than 100 miles away, are eligible for this type of discount. Although not many people know about it, this discount can be enjoyed by students who do not plan to drive to their school or use their car only on limited occasions when they are at home. However, this must accompany a test, such as an admission letter, along with the address of the university. The auto insurer will also require proof of mileage and this discount may have some restrictions.
5. Do your research and find the cheapest student car insurance online!
If you spend some time researching the Internet, you can find cheap student car insurance. Auto insurance companies generally offer insurance coverage at a cheaper price compared to the rates charged by agents and other third parties. In a matter of a few clicks, you can compare policies and choose the one that best suits your needs.