Any high school or college student with great grades is eligible for the GEICO discount for good students. Beneficiaries of this offer enjoy a 15 percent discount on their vehicle insurance policy. GEICO created the discount for good students to help students pay the expensive insurance premium for young drivers. You can get a Geico discount for good students if you have at least a B average.
Students who drive can save up to 15% as long as they are full-time high school or college students. Before you apply for the good GEICO student discount, check out student discount offers from other insurance companies. According to WalletHub, a 16-year-old student will pay approximately 38 percent more on individual student insurance than on a shared insurance policy. It may also 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, which increases premium costs.
A student who purchases an insurance policy from GEICO will enjoy several discounts, such as the discount for good drivers, the discount for good students and the discount for affiliate members. College students may also qualify for general discounts on car insurance, such as discounts for driver education students and discounts for accredited drivers. Car insurance for students and other young drivers can be 115 percent higher than car insurance for the average driver. Once you purchase an insurance policy, you must present proof to the insurer to show that you have good grades.
The 10 biggest insurance companies offer a good student discount, and the requirements are generally the same among insurers. You can get a good student discount on car insurance if you're a high school or college student with at least a B grade point average. College students can get discounts on car insurance for having good grades or for going to college away from the car they're driving. Organizations also receive a Geico fee for every member who requests a Geico quote, even if they don't purchase a policy.
In addition to GEICO student discounts, you can reduce the amount of money you spend on car insurance by sharing an insurance policy with your parents. As students, it's cheaper to share an insurance policy than to buy a standard student insurance policy. However, Geico offers a good student discount because having good grades shows the insurer that you're responsible off the road, which means you're more likely to also be responsible when you're behind the wheel.