Full-time students age 16 - 25 are eligible for a good student discount. Students need to receive a 3.0 GPA (or better), come in the first 20% of their class or have a scholar award, such as the Honor roll.
USAA allows students to qualify for a discount on their auto insurance premiums by providing a good student discount.
Drivers aged 16 - 25 pay around 80% more on their auto insurance rates. This discount is in place to help students to afford the high insurance rates that are typical for inexperienced drivers.
Auto insurance companies consider teenagers and students to be high-risk drivers. Statistics show that the lack of driving experience directly correlates with more accidents and insurance claims than drivers age 26 and older.
Luckily, you can save money by having a high GPA and/or grade average with USAA. Students who are academically included will receive lower auto insurance rates.
USAA provides a good student discount to full-time students who are under the age of 25. Students age 25 and older will not be able to apply for this particular discount but can apply for other student discounts available.
A requirement is that the student has a 3.0 GPA and above. Students can also apply if they have been placed within the top 20% of their class, or if they have received a significant academic award, such as the Dean’s Honor Roll.
This discount does not apply in all states, so keep this in mind when applying. However, USAA does provide coverage to more states than most other insurers.
Some companies provide higher rates than others, so it’s important to weigh your options and compare as many quotes as possible.