The reasons why young people pay more vary. While the main reasons remain historical accident data and lack of driving experience, young people can still save some money by taking advantage of the discounts on offer. Auto insurance companies often offer discounts for teens. All you need to do is enter your details such as car, age and zip code and you can see available discounts in seconds. Typical student discounts available to teens are listed below:
1. good student discount
Students studying at university or high school are eligible for such discounts, the only parameter being that they should maintain good grades. By studying hard, students can save a lot of money. According to research conducted by auto insurance companies, it is observed that students with high academic performance have a lower risk of accidents. Therefore, there is less financial risk involved for this type of students, so they can take advantage of discounts while maintaining good grades. The basic idea behind this discount is that to get good results it takes consistent commitment, dedication and quality, which also means they have all the qualities to be a good driver.
Eligibility for the Merit Student Discount
· Discounted rates are generally offered to students who maintain grades of B or higher throughout the year. When this criterion is met, they are entitled to a 10% discount on car insurance premiums. Not only can hard work help you succeed in life, but it can also help you save a lot of money while you study.
· Students must be full-time students and not be enrolled in part-time or distance learning courses.
· The maximum age for students is 25 years old.
For parents who pay for their children’s insurance, you can always entice them to study harder. If they try, and for some reason can’t make it, you can always motivate them to study harder and perform better in the coming year.
2. Certified Driver Safety Course
There are different types of education courses for drivers. They are taught by highway patrol officers and other experienced drivers who will share valuable tips on driving. By learning from them and passing the course, you will obviously become a better driver than ever before. When you show the insurance company proof, they can give you a discount of up to 10% on your premium. However, when you take certified driver safety courses, you must make sure they are approved by the auto insurance company.
3. Buy a car with lower insurance costs
The cost of the car and the type of car you buy play a big role in determining the premium. For teens, insurance costs double what a 40-year-old would pay anyway. However, the car you choose can help you lower your rates to some extent. Don’t buy a sports car like a Porsche or any new flashy car that a thief likes most. To stay safe and avoid major auto insurance costs, buy a used car like a Toyota Camry that’s safe without paying high premiums.
4. Resident students have discounts!
Students planning to attend colleges or universities in different locations, typically more than 100 miles away, are eligible for these discounts. While not many people know this, students who don’t plan to drive to school or who only use their car at home for a limited time can get this discount. However, this must be accompanied by proof such as an admission letter and the address of the college. Auto insurance companies will also require proof of mileage, and this discount may come with some limitations.
5. Research online and find the cheapest student car insurance!
You can find student auto insurance for cheap if you spend some time researching on the internet. Auto insurance companies often offer coverage at cheaper rates than the rates charged by agents and other third parties. With just a few clicks, you can compare policies and choose the one that works best for you.