All About the Good Student Discount for Car Insurance

Last Updated on July 23, 2020

Most major insurance companies offer good student discounts. If you have a B average or higher, then you could save hundreds per year on car insurance.

Good student discounts vary between companies. Some companies require an ‘A’ average, for example, while other companies require a ‘B-’ average or higher. Some companies give you a 15% discount for being a good student, while others give you a 3% discount.

Today, we’re explaining everything you need to know about the good student car insurance discount, including the specific discount offered by each car insurance company.

How the Good Student Discount Works

Good Student Discount for Car InsuranceThe good student discount, also known as a good grades discount, is an insurance discount offered by most major insurance companies in the United States. If you have above-average grades at high school, college, or graduate school, then you could save 3% to 15% on car insurance.

Requirement criteria and discount amounts vary between companies. However, you should qualify for the good student discount if you meet the following qualifications:

  • B average (3.0 GPA) or better
  • Full-time student attending high school or college
  • Safe driving record
  • Under age 25
  • Unmarried

Good Student Discounts by Company

Most of America’s largest insurance companies offer a good student discount. Here’s how each company’s good student discount breaks down.

CompanyDiscount
GEICOGEICO’s good student discount is available to full-time students with a good academic record. If you qualify, you could save up to 15% on certain car insurance coverage. Drivers must be between ages 16 and 24, full-time students, and have a ‘B’ average or better to qualify for the discount in most states.
- Learn about other GEICO discounts here.
NationwideNationwide’s good student discount is available to drivers ages 16 to 24. Drivers must be full-time high school or college students and maintain a minimum B average to qualify for the good student car insurance discount. You must send a copy of your current grade card and a form signed by your school administrator to qualify for the discount. If the student is homeschooled, then Nationwide accepts results from a standardized test – like the PSAT, SAT, or ACT. Homeschooled students need to be in the top 20% nationwide to qualify. Nationwide does not disclose the specific savings for the good student discount, as it varies between states and drivers.
AllstateAllstate’s ‘Smart Student’ discount is available to drivers who are unmarried and under age 25. You qualify for the Smart Student discount if you have a grade average of B- or higher (or a GPA of 2.7 or above), have successfully completed Allstate’s teenSMART driver education program, and attend school at least 100 miles away from where your car is garaged. It’s like a combination of a good student discount and a student away from home discount, but it can save student drivers hundreds per year on car insurance.
- Learn about other Allstate discounts here.
State FarmState Farm offers a good student discount to certain drivers. Good students can save up to 25% on car insurance, and these savings last until you turn 25 (even if you haven’t attended college in years). If you qualify for the good student discount once, then you can save thousands on car insurance by the time you reach 25. Specific grade requirements vary between states.
- Learn about other State Farm discounts here.
Liberty MutualLiberty Mutual offers a small discount to students with good grades. If you have a GPA of B or better, then Liberty Mutual will give you a small discount on your auto insurance policy. This discount varies between drivers and states. Students can also take advantage of Liberty Mutual’s student away at school discount, which allows further savings if living away from home for college.
- Learn about other Liberty Mutual discounts here.
ProgressiveProgressive offers a good student discount to drivers under age 23 with a B average or better. This discount is not available in all states. It’s generally available to parents with a student listed on their policy, although it may not be available to students who have their own standalone policy.
- Learn about other Progressive discounts here.
USAAUSAA offers good student discounts in all states except Hawaii and North Carolina. To qualify, drivers must be between ages 16 and 25, attending school full time, ranked in the top 20% of the class, or have a B average or higher (3.0 GPA). Savings vary between states and drivers.
- Learn about other USAA discounts here.
FarmersFarmers’ good student discount is available drivers age 16 to 24 enrolled in school full-time who maintain an average grade of ‘B’ or better. You also qualify for the Farmers good student discount if you are on the Dean’s List or Honor Roll.
- Learn about other Farmers discounts here.
EsuranceEsurance has a good student discount for students under age 25 attending full-time college or high school courses who maintain an average GPA of 3.0 or higher. Esurance is owned by Allstate, so you can expect a similar good student discount with both Esurance and Allstate.
- Learn about other Esurance discounts here.
American FamilyAmerican Family Insurance (AmFam) offers a good student discount to students who earn good grades in school. To qualify, drivers must be enrolled full-time in high school or a two to four year college or university degree, online school program, or vocational technical school. Drivers must be between ages 16 and 25 and maintain an average of B (3.0 GPA) or higher. Alternatively, drivers can rank among the top 20% of the class. You can use your student report card or transcripts to verify good grades. American Family also accepts Dean’s List, Honor Roll, or comparable rankings to qualify for the good student discount. Homeschooled students can still qualify for a discount by sharing the results of a standardized achievement test (like an SAT or ACT) and verifying they placed in the top 20% nationwide. The amount of the discount varies between drivers and states.
TravelersTravelers offers a good student discount to drivers who maintain a B average or higher. Alternatively, drivers qualify if they are in the upper 20% of their class scholastically. Travelers requires a report card or online transcript, a Dean’s List or Honor Roll certificate, or a confirmation of grades on school’s letterhead to qualify for the good student discount. Homeschooled students require certification signed by a parent and co-signed by a home school certifying body. Age restrictions apply, although specific age limits vary between states (you must be under 24 or 25 to qualify in most states).
- Learn about other Travelers discounts here.
Erie InsuranceErie does not offer a good grade discount. However, the company does offer a student away from home discount. If your student is living away from home while attending college, but still wants access to family vehicles when home, then Erie may award a small discount.
- Learn about other Erie discounts here.
AAAAAA runs a network of car insurance companies across the United States under different names. Good student discounts vary between AAA insurance providers. Generally, good students can save 14% on select coverage by qualifying for AAA’s good student discount. The discount is available to a full-time high school or college student with a verifiable GPA of 3.0 or more.
KemperKemper offers a good student car insurance discount to drivers under age 25. To qualify, drivers must be enrolled full time in a high school, college, or university and have a good scholastic record (demonstrated by at least a 3.0 GPA, B average, or better). Drivers must also have a clean driving record.
National GeneralNational General offers a good student discount to drivers who maintain at least a 3.0 grade point average. The company also offers discounts to students who keep a clean driving record, drive a safe vehicle, and take an approved driver’s education course.
MetLifeMetLife offers a good student discount in some states but not others. If available, MetLife’s good student discount lowers premiums for drivers under age 25 who have maintained B averages or better for the preceding semester in high school or college.
- Learn about other MetLife discounts here.
The HartfordThe Hartford offers discounts of up to 15% to full-time students ages 16 to 25 who maintain at least a B average in high school or college.
MercuryMercury has a good student discount for unmarried young drivers (ages 16 to 25) who maintain at least a 3.0 GPA or higher in high school or college. Drivers who qualify can save up to 10 to 15%.
AmicaAmica’s good student discount can reduce premiums for parents whose children perform well in high school or college. Amica’s good student discount can drop insurance premiums by up to 15% for students who maintain a B average (3.0 GPA) or better. Homeschooled children can use SAT scores and prove they were in the top 20% nationwide. Students can also use Dean’s List or Honor Roll status to qualify. The discount is available to drivers between ages 15 and 25.
The HanoverThe Hanover offers a good student discount to drivers who maintain a B or better average. This discount varies between states and policyholders, and The Hanover publishes few details about this program upfront.

Final Word – Good Student Car Insurance Discounts

Compare car insurance quotes online today to check good student discounts. As a student, you pay some of the highest rates for car insurance in the United States, and these discounts can help.

Drivers under 25 are statistically more likely to make a claim than drivers in any other demographic. That means higher risk and higher rates. However, good students are highly sought-after customers for insurance companies. Drivers who earn good grades today tend to be safer drivers in the future.

By taking advantage of good student discounts, you can lower insurance premiums and save hundreds per year on car insurance.

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