See How Much You Can Save on Car Insurance With a Good Student Discount

good student discount

What Is a Good Student Discount?

Most major car insurance companies offer students a good student discount. This discount is exactly what it sounds like — you’re rewarded for your hard work and good grades. 

If you’re a student who keeps your grades high and demonstrates that you do well in school or on standardized tests, you might qualify for this car insurance discount and the big savings that come along with it. 

How do You Get a Good Student Discount?

To get a good student discount, you’re required to show proof of your academic achievements. While the idea of “good grades” may be relative to some, you can’t talk your way into this discount. Car insurance companies will only consider you to be a “good student” if you can provide proof of the following:

  • A grade average of B or higher 
  • Good standardized test scores on the SAT, ACT, or PSAT
  • Signed letter by your administrator giving evidence of your academic achievements 
  • Be in the top 20% of your class ranking 
  • Dean’s list or Honor Roll 

What GPA Do You Need to Qualify?

To qualify for the good student discount, you’ll need to hold a B average or a GPA of 3.0.

How Much Can You Save on Your Car Insurance with Good Student Discounts?

Generally, this discount ranges from 10-15%, but the amount of savings awarded with good student discounts depends entirely on the insurance company. As insurance premiums are calculated based on several factors, you’ll need to keep these variables in mind when checking for rates. 

One way to see how much you stand to save with the good student discount is by shopping around and checking quotes from several companies. allows you to compare car insurance from multiple companies without having seventeen different tabs open. This way, you can get the best deals on your car insurance policy, no matter how young a driver you are. 

Which Car Insurance Companies Offer Discounts to Students?

Allstate Good Student Discount

Allstate calls their good student discount the “Smart Student” discount. They offer it to unmarried young drivers under the age of 25. To qualify, you’ll need to meet the following requirements:

  • You hold a B- average or above, or you have a GPA of 2.7 or higher
  • You attend school at least 100 miles away from where your car is garaged
  • You’ve completed the teenSMART driver program

GEICO Good Student Discount

To qualify for GEICO’s good student discount, you’ll need to be a full-time student who has a good academic record. They don’t specify the terms for a “good academic record,” but you can assume this is at least a B average or above. You can save up to 15% with this discount on certain coverages if you qualify for it. 

Liberty Mutual Good Student Discount

Liberty Mutual also awards students a good student discount. Students who have a GPA of a B or better are eligible to receive a discount on certain coverages. 

Nationwide Good Student Discount

Nationwide offers good student discounts for teen drivers and those in their early twenties. If you’re between the ages of 16 to 24, you can be considered for the student discount. These drivers must be attending school full time and maintain a B average to qualify for the student car insurance discount. 

Drivers need to show proof of these academic achievements in one of two ways: (1.) current grade or report card, or (2.) provide a form signed by your school administrator. Homeschooled students will need to show results from a standardized test, such as the SAT, ACT, or PSAT, to qualify. The student will need to score in the top 20% nationally.  

Progressive Good Student Discount

Progressive offers good student discounts for drivers up until the age of 23. If you’re a full-time student and maintain a B average, you can save up to 10% on your auto insurance policy. You’ll need to provide proof that you meet these requirements. Keep in mind that to qualify for the good student discount, Progressive will not let the student be the primary named insured (PNI) on your policy or the spouse of the PNI.

State Farm Good Student Discount

The good student discount offered by State Farm is quite substantial, offering drivers a chance to save up to 25% on their car insurance. These savings last after you’ve graduated college, up until you turn 25. To qualify for the discount, you’ll need to meet the following requirements:

  • The student must be between 16 – 25 years old
  • Be a full-time high-school, college, or homeschooled student
  • Show proof of a B average or 3.0 GPA or top 20% in class rank or have qualifying test scores if homeschooled

Other Companies Offering Good Student Discounts


To qualify for the good student discount, student drivers with Farmers must be 16 to 24 years old and be full-time high school, college, or university students. The driver will need to provide proof that they fall into one of the following categories:

  • Ranked scholastically in the top 20% of their class
  • Held a grade point average of “B” or better in the previous term/semester
  • Maintained a 3.0 GPA or better during the last term/semester
  • Was included in “Dean’s List” or “Honor Roll” or similar list in their school 


Travelers Insurance offers a good student discount to students currently enrolled in public and homeschool full time. It’s available to students maintaining a B average or 3.0 GPA or in the top 20% of their class. You can use these documents to prove your academic status:

  • Most recent report card
  • Honor roll certificate or newspaper clipping of honor roll status
  • Home-school certification signed by parent and co-signed by the home-school certifying body
  • Printout from parent access account; pre-printed documentation including the student’s name

What Other Car Insurance Discounts are Available to Students?

Drivers Education Discounts

Insurance companies place younger drivers into a higher risk category due to their lack of experience on the road. As a result, premiums for teen and young adult drivers are pretty pricey. One way to save some money in this area is to complete a driver’s education class. To see how you can sign up, contact your school to check if they offer these classes on or off-campus. You may also be eligible for a discount if you complete a defensive driving course

An example of this is the “Steer Clear” course offered by State Farm. Provided to students under the age of 25, it tracks your driving habits, is full of helpful information and quizzes to check their understanding, and, most importantly, provides a discount upon completion. 

Affiliate Discounts for Sororities, Fraternities, and Honors Societies

Certain insurers, like GEICO, are known for offering discounts for being a member of a sorority, fraternity, or honor society. You can see which organizations are eligible for this discount by visiting your insurer’s website. Your sorority or frat may also have additional information about possible discounts, so make sure you ask around. 

University and Alumni Discounts

Along with sorority and fraternity discounts, you can save money on car insurance by simply attending certain universities. You also qualify for this discount if you are alumni of one. Not every university participates in this discount program, so be sure to check with your university and insurer to see if you qualify.

Safety Equipment Discounts

Students who drive cars with certain safety features involved qualify for car insurance discounts. You can get a discount for having one of the following safety features:

  • Anti-theft system
  • Tracking device
  • Safety tech (i.e., electronic stability control)

Bundled Policy Discounts

Depending on your insurance company, bundling your policies can help you save money on your car insurance premiums. One example of this would be your parents bundling your car and home insurance together. 

You can combine these discounts with a good student discount for additional savings on your premiums. For example, if you’re currently a college student who lives off-campus, you can bundle your auto and renters insurance along with your good student discount to make the most of your savings. 

Frequently Asked Questions

What grades do you need to get for a good student discount? 

To get a good student discount, you’ll usually need to have a B average or better. Students who fall in the top 20% of their class can also qualify for the discount. If you’re at the age where you’ve begun taking standardized tests, scoring in the top 20% of the nation allows you to qualify as well. The tests included are SAT, ACT, PSAT, TAP, PACT, California Achievement Test, and the Iowa Test of Basic Skills. But at the end of the day, it all depends on your insurance company.

How do you sign up for a good student discount? 

If you think you qualify for the good student discount, you’ll need to contact your insurer. They will ask for proof of your grade average, which you can provide once you have proof of your final grades for the semester or term. 

What do you need to prove you qualify for a good student discount? 

You’ll need to show that you’re currently attending school full time. You can provide your grade average using your most recent high school or college transcript. If you plan to use your standardized test scores to qualify, you’ll need to show an official printout of your score and percentile. 

Can bad grades affect your car insurance? 

Just as normal life changes affect your premium, a semester of bad grades could put your good student discount at risk. If your grades do drop, your insurance may drop your discount for the time being. Once your grades meet the minimum requirements, your insurance company may award you the discount once again. However, your car insurance won’t raise your rates just because you got a bad grade. So if you slipped one semester and got a C or D, the worst that can happen (from an insurance perspective) is losing your good student discount if you had one previously.

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