Yusra3
VIP Contributor
As a student getting behind the wheel for the first time, car insurance is expensive. Premiums can easily cost over $200 per month. But using these money-saving tips will slash your rates:
Get Good Grades
Most insurers give a discount for B averages or higher, so studying hard earns you savings! Maintaining at least a 3.0 GPA cuts premiums around 10%.
Ask About Student Status
Even without perfect grades, being enrolled in high school or college full-time makes you eligible for breaks from some carriers due to your life stage. Disclose this for maximum savings on quotes.
Become A Named Driver
If living at home with family vehicles, ask to be added as a named additional driver on your parents' or guardians’ policy instead of owning your own policy. This protects you while reducing overall family premium costs thanks to your student status.
Select A Basic Car
Sporty luxury vehicles cost more to insure. A used sedan or compact with great safety ratings keeps both purchase and insurance prices low for students on a budget. Avoid flashy vehicles with turbocharged engines too.
Take Advantage of Alumni Family Ties
Check premium discounts available from companies aligned to your university or that focus on community associations and affinity partners. Every little bit helps trim costs.
Ask About Low Mileage Discounts
Most students drive fewer than 5,000-7,500 miles annually commuting between home, school and activities. Low mileage earns up to 15% lower premiums from some insurers.
Enroll in Usage Based “Telematics” Programs
Insurers install a small device or phone app to monitor actual driving habits. Safety bonuses are awarded for mile limits, minimal night trips and responsible rapid acceleration control.
Complete Defensive Driving Courses
Many insurance providers trim around 10% off premiums for 3 years when drivers under 25 pass these short safety classes teaching accident avoidance skills.
With the right insurer relationships and educational moves, students can master the art of discount stacking for maximum car insurance savings year after year. Start your engines AND your savings!
Get Good Grades
Most insurers give a discount for B averages or higher, so studying hard earns you savings! Maintaining at least a 3.0 GPA cuts premiums around 10%.
Ask About Student Status
Even without perfect grades, being enrolled in high school or college full-time makes you eligible for breaks from some carriers due to your life stage. Disclose this for maximum savings on quotes.
Become A Named Driver
If living at home with family vehicles, ask to be added as a named additional driver on your parents' or guardians’ policy instead of owning your own policy. This protects you while reducing overall family premium costs thanks to your student status.
Select A Basic Car
Sporty luxury vehicles cost more to insure. A used sedan or compact with great safety ratings keeps both purchase and insurance prices low for students on a budget. Avoid flashy vehicles with turbocharged engines too.
Take Advantage of Alumni Family Ties
Check premium discounts available from companies aligned to your university or that focus on community associations and affinity partners. Every little bit helps trim costs.
Ask About Low Mileage Discounts
Most students drive fewer than 5,000-7,500 miles annually commuting between home, school and activities. Low mileage earns up to 15% lower premiums from some insurers.
Enroll in Usage Based “Telematics” Programs
Insurers install a small device or phone app to monitor actual driving habits. Safety bonuses are awarded for mile limits, minimal night trips and responsible rapid acceleration control.
Complete Defensive Driving Courses
Many insurance providers trim around 10% off premiums for 3 years when drivers under 25 pass these short safety classes teaching accident avoidance skills.
With the right insurer relationships and educational moves, students can master the art of discount stacking for maximum car insurance savings year after year. Start your engines AND your savings!
