You can get an American Family good student discount if you have at least a B average or a 3.0 GPA. Student drivers can save as long as they are 16-25 years old and a full time high school or college student. Students can also qualify by being ranked in the top 20% of their class or if they are included in the Dean's List, Honor Roll, or another school list designating scholastic achievement. Homeschooled students are eligible if they score in the top 20% of a national test such as the PSAT, SAT, or ACT.
Young drivers are usually quite expensive to insure since they lack driving experience. However, American Family offers a good student discount because having good grades shows the insurer that you are responsible off the road, meaning you’re more likely to be responsible in the driver’s seat as well.
American Family good student discounts vary by state, but it’s always worth the effort of checking if they are available in your location.
AAA, USAA, and Travelers are the cheapest car insurance companies for college students, charging an average of $850 per year, which is lower than the average student’s policy overall. Car insurance is more expensive for college students than for older drivers, but students can save by comparing quotes and finding … read full answerdiscounts.
For instance, every major insurer offers a good student discount. Many companies also provide student-away-at-school discounts for drivers who leave their car at home during the semester.
Companies with Cheap Car Insurance for College Students
Note: Premiums are annual, for college students with their own policy. Individual rates will vary.
How to Get Cheap Car Insurance for College Students
It’s important to note that adding a college student to a family policy is usually less expensive than purchasing an individual policy for a college student. Overall, the cheapest companies for adding a college student to an existing policy are Travelers, Mercury, and The Hartford.
College students might be better off getting their own policy in unique circumstances, though. For instance, it’s probably cheaper to get your own policy if someone in your family is a high-risk driver. Or, you might want to get your own policy if your school is in a state with much lower insurance requirements than your home state.
To get an American Family affiliation discount, you must be a member of the University of Wisconsin-Madison Alumni Association. Eligible UW-Madison alumni can save up to 29% on auto insurance and 20% on the company’s homeowners insurance if they purchase both policies from American Family.
For drivers who do not qualify, American Family offers a variety of other ways to save, including multi-policy, low-mileage, and good-student discounts. For more information, check out WalletHub’s complete guide to … read full answerAmerican Family Insurance discounts.
College students can get car insurance discounts for having good grades or for going to college far away from the car they drive. College students can also qualify for general car insurance discounts, such as driver's education and good driver discounts. Since most college students are young drivers, car insurance companies consider them … read full answerhigh-risk and usually charge them higher premiums, making discounts all the more important.
To qualify for a good student discount, drivers usually need to be under 25 years old and unmarried, with a B average or better. Additionally, distant student discounts are designed for students who do not have a car with them at college and who attend school more than 100 miles away from home. You can see which major car insurance companies have these student discounts below.
Car Insurance Discounts for College Students by Company
Most college students can save money on car insurance by staying on a family policy. However, if your permanent residence is different from your parents’ and you drive full-time, you will likely need your own policy. It also might be cheaper to buy your own policy if you go to school in an area with lower car insurance rates or if one of your family members has a poor driving record that increases premium costs.
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