State Farm offers a good driver discount but does not advertise a specific amount, since it varies by state. In order to receive a State Farm good driver discount, drivers must be accident-free for three years. This can even include time that you've been insured by another company.
After you get into an accident, you will have to wait three years in order to qualify for the discount again. Additionally, accidents that are forgiven by State Farm accident forgiveness still count against your good driver discount, even though your base premium will not go up.
If you don’t qualify for State Farm’s good driver discount, there are still ways to save on your premium. For example, State Farm offers a multi-vehicle discount for drivers who insure more than one vehicle on their policy. You can also lower your rate by altering your coverage or increasing your deductible.
You can get a State Farm good student discount if you have at least a B average. Student drivers can save up to 25% as long as they are 16-25 years old and enrolled full-time in high school, college, or homeschooling. Homeschooled students can also qualify if they score in the top 20% of a national test such as the PSAT, SAT, or ACT.… read full answer
State Farm Good Student Discount Requirements
B average (or a 3.0 GPA, top 20% class rank, or honor roll)
Under 25 years old
Full-time high school or college student
Why State Farm Offers a Good Student Discount
Young drivers are usually quite expensive to insure since they lack driving experience. However, State Farm 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.
State Farm good student discounts vary by state, but it’s always worth the effort of checking if they are available in your location. Check out WalletHub's guide for more information on State Farm discounts.
You can get a defensive driving discount for car insurance by completing an approved driver's education course. Seven of the 10 largest insurance companies offer a defensive driving discount, though exact requirements and discount amounts vary.
Defensive Driving Discounts by Car Insurance Company
To find hidden auto insurance discounts, look up your insurance company’s discounts online, check your state’s mandatory discount laws, and contact your insurance agent or the company’s customer service department. Since discounts vary significantly by location and company, discounts might be “hidden” in that they are not widely advertised, like a buy-in-advance discount. Similarly, some of the most commonly overlooked auto insurance discounts are … read full answerdriver monitoring discounts, paid-in-full discounts, and the AARP driver safety course discount because they usually aren’t automatically applied.
Hidden Auto Insurance Discounts
Low mileage or short commute discount
AARP driver safety course discount
Buy or renew in advance discount
Automatic or electronic payment discount
Driver monitoring discount
Hybrid or electric car discount
Anti-theft or Lojack discount
Farm vehicle discount
Car insurance companies do not fully disclose the formulas they use to calculate a driver’s premium. However, most states allow a driver’s demographic information, credit history, vehicle information, and driving record to affect rates. As a result, you could also get a “discount,” in the sense of getting a lower base premium, by changing one of these factors. For instance, car insurance is generally cheaper for married individuals because they are statistically likely to be low-risk.
Since your demographic information is unlikely to change, focus on improving your credit history and driving record if you want to lower your base premium. If your car is particularly expensive, fast or unsafe, trading it in for a safer, less valuable model will help lower your insurance premium, too. Similarly, increasing your deductible and eliminating any unnecessary coverage can also help save you money, acting like a hidden discount.
If you’re looking for extra savings, it’s worth double checking the most common car insurance discounts as well as the most often overlooked ones listed above. Finally, no matter how many discounts are being applied to your policy, it’s best to frequently compare quotes from different insurers.
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