MoneyGeek researched the best student discounts on car insurance. In addition, many of the major auto insurance companies list the discounts they offer on their website or mobile app. Bankrate has compiled a list of common (and less common) discounts that can help young people and their parents find car insurance that fits their budget. Car insurance discounts can reduce your rates by an average of up to 27%, but they can be much more than that, depending on your driver profile and the insurance company.
Keeping your car insurance policy with the same insurance company for several years can also help you save money by getting a reduction in the price due to customer loyalty. In some cases, you may be able to get a discount on car insurance right away, depending on the company and the type of policy you have. Knowing this, most companies offer discounts on car insurance for students, and the savings they offer can be substantial. Each state sets its own minimum car insurance requirements and has its own risk factors, so rates can vary considerably depending on where you live.
The discounts for drivers on your car insurance policy can be huge if you have a clean driving record and don't have accidents. The average discount on professional car insurance is 12%, and what you pay depends on your insurance company and your work. Michelle, former insurance editorial director of QuinStreet, is a writer, editor and expert in auto insurance and personal finance. Insurance discounts for safe, accident free drivers generally save the most, followed by auto insurance discounts for college students.
Some insurance companies offer discounts on auto insurance to drivers who are teachers, firefighters, police officers, engineers, lawyers, scientists, or those in the military, among other occupations. Most insurers offer discounts on travel vehicles for students if your child is attending college at least 100 miles from home. He has extensive knowledge of the main lines of insurance: auto insurance, home insurance, life insurance and health insurance. Students who get good grades can qualify for cheaper car insurance through a good student discount.