Yes, State Farm does offer student discounts and these discounts can save drivers up to 25% on their premiums. State Farm has a good-student discount and a student-away-at-school discount, as well as a driver-training discount for young drivers who complete an approved driver-education course.
State Farm Student Discounts
The State Farm good-student discount can save you up to 25% on your auto insurance when a full-time high school or college student on your policy maintains a 3.0+ GPA, is ranked in the top 20% of their class, or is named to the Dean’s List/Honor Roll in a given semester. Students must send a report card from the immediately preceding semester to State Farm to qualify for the discount. The savings will last until a student turns 25 years old, even after they’re out of school.
Young drivers who have earned an associate or bachelor's degree and meet one of the above requirements can qualify for the discount, too. Homeschooled students can also be eligible for the discount if they show that they ranked in the top 20% of their class in a national standardized test taken within the past year.
The State Farm student-away-at-school discount will save you money on car insurance if one of the drivers listed on your policy is a student under the age of 25 who doesn’t take a vehicle to school (located at least 100 miles away from home) and only drives when they’re visiting home. State Farm does not disclose a specific amount for this discount, as it varies by customer.
The State Farm driver-training discount will save you money on your auto insurance policy if all the drivers under the age of 21 listed on the policy complete a driver safety course that’s approved by State Farm. State Farm does not disclose a specific amount for this discount, either.
Finally, State Farm lets you apply multiple student discounts to your auto insurance policy, as long as a listed driver meets the qualifications for each one. You’ll just have to submit proof of eligibility to State Farm before each discount will go into effect.
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