Auto Insurance for Good Students

Posted by Naomi Rockler-Gladen Mar 8, 2007

Here's an cash incentive for college students and high school students to get good grades: cheap auto insurance discounts for good students!

As student drivers quickly find out, finding cheap auto insurance rates is a challenge. Car insurance rates are higher for anyone under 25, especially men. Also, auto insurance rates in college towns tend to be plenty high. So anything that can make car insurance cheaper is more than welcome.

So how good a student do you have to be to qualify for these cheaper car insurance rates? Remember, eligibility differs by state and other restrictions can apply, so check with your insurance company. But generally, auto insurance companies will give students a good student auto insurance rate discount if they are under 25 and meet one of these criteria:

1. They are in the top 20% of their class
2. They have a 3.0 on a 4.0 scale
3. They have a grade average of B or higher
4. They were on the Dean's List or Honor Roll their last semester

Of course, proof of eligibility is required. Recent college graduates who are under 25 may also qualify for these discounts if they maintained these criteria as a student. Also, if a student is on his or her parent's insurance policy, parents may be eligible for savings if the student has good grades.

Stop by College/University at Suite101.com for more money saving tips for students!