You can get a Nationwide 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 16-24 years old and a full time high school or college student. Homeschooled students can also qualify 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, Nationwide 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.
Nationwide good student discounts vary by state, but it’s always worth the effort of checking if they are available in your location.
Nationwide determines that a vehicle is a total loss when it cannot be safely repaired or the cost of repairs exceeds the car’s actual cash value (ACV), which is what the vehicle was worth prior to being damaged. Nationwide may also total a car if the cost of repairs exceeds a certain percentage of the ACV, depending on state law.… read full answer
How Nationwide Adjusters Calculate Actual Cash Value
After a vehicle is damaged and the policyholder files a property damage claim, an insurance adjuster will try to determine the car’s actual cash value. To do this, they will consider several factors, including:
Make and model
Wear and tear
Local demand for similar vehicles
Sale price of comparable vehicles
Once the adjuster knows the ACV, they will compare it to the estimated cost of repairing the vehicle.
How Nationwide Determines Total Loss
In 28 states and the District of Columbia, there is an established total loss threshold (TLT), which means that if the cost of repairs is more than a certain percentage of the car’s actual cash value, Nationwide must total it. For example, Alabama has a TLT of 75%.
In the remaining 22 states, Nationwide and other insurers will use the standard total loss formula to decide whether or not to total a vehicle.
Finally, it may be impossible to safely repair the vehicle in order to make it roadworthy again. In this case, Nationwide will declare the car a total loss regardless of the actual cash value.
To get a Nationwide affiliation discount, you must be a member of an affiliated professional association, university group, or social club. Affiliated groups include the American Nurses Association and the University of Utah, though eligibility and discount amounts may vary by organization and state.
Examples of Groups Eligible for Nationwide Affiliation Discounts… read full answer
American Nurses Association
Archeological Institute of America
Fraternal Order of Eagles
University of Utah
This list is not exhaustive, since Nationwide Insurance does not publish its complete list of associated groups and professions. To see if you are eligible for a Nationwide affiliation discount, you can call the company at 1 877-669-6877.
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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