Finding an insurance company that offers students a discount is a good way to save money. But finding such an insurance company can be a hectic task. There are companies, however, which offer discounts for students. We would look at some of these companies in the following article. ..
Insurance companies that offers a student discount
Some of the most popular insurance companies that offer student discounts are State Farm, GEICO, and Nationwide. These companies typically offer discounts of 10-15% off your premium rates. ..
Progressive
Progressive has affordable insurance pricing since they know that students are inexperienced drivers and have a higher probability of meeting an accident so they keep their price low. They also give high insurance rates. Teenagers until the age of 18 and below would get teen insurance.
That’s not the end, Progressive offers a student discount for students who have an academic result of a 3.0 GPA in each academic year. You would need to submit your progress report in order to avail the student discount. Progressive gives a discount of 10%. But it would vary from location to location.
Geico
The best car insurance for students by thebalance.com last year was GEICO. It has a good support system with the use of a digital platform, and its mobile app can help students to apply for discounts and know other useful pieces of information. GEICO offers a discount of 15%.
State farm
State Farm is one of the best automobile insurance firms which offers discounts for students. The firm has a catalog of student discounts that a student can avail of. If you fulfill their requirements then State Farm may offer students discounts up to 25%. Just like Progressive, State farm’s policies would differ from location to location. The students who want to avail of student discounts would have to get around a GPA of 3.0. Student away discount is offered to students who only drive when not at school. You need to live at least 100 miles away to avail this facility
Allstate car insurance
Allstate is rated as the overall best automobile insurance for college students according to Investopedia. It offers specially tailored insurance for college-going students, including discounts up to 25% for those who maintain a B grade in each semester. ..
TeenSmart is a program that allows students to receive a discount on their car insurance. Another requirement is that the student must be living at least 100 miles away from the school or college they are studying. Allstate also has a scheme called Milewise, which allows students to avoid paying for insurance for a specific time interval. This scheme is beneficial for students who don’t drive their vehicles too much. ..
Nationwide
Nationwide is another company that offers discounts for student automobile insurance. Nationwide gives insurance mostly to students who don’t drive their car much. They have some criteria for giving discounts for students. It includes having a clean driving record, not having any accidents, and having a good student credit score. ..
Students must be between the age of 18 and 24 to attend college. College students with a grade of B are eligible for this program. The student should be at least 100 miles away from their place of living.
Students must provide valid proof of insurance to the insurance company in order to avail of the discount. ..
Conclusion
Many companies provide discounts for students who use vehicles. Insurance companies know that most of the students have very little experience driving a vehicle and they might end up in an accident, hence insurance companies provide discounts for students. availing of student discount will help students a lot as they have many expenses and this would be a relief for them.
