The Good Student Discount – What It Is And Who Can Take Advantage Of It
If you are a young driver, chances are, you are most likely paying for extremely high rates for your car insurance. You may be wondering why this is the case even if you have not been involved in a road traffic accident yet, if you have not violated any road traffic rules, or if your driving record is still clean. The simple answer is because auto insurance companies tend to look at young drivers to be at higher risk, since they believe that such motorists are more prone to accidents because of their lack of knowledge and expertise.
Fortunately, you do not have to keep on suffering. You can actually take advantage of the fact that you have not been involved in an accident, you have not violated any traffic rules, and that your driving record is squeaky clean. All of these can be a means for you to obtain discounts and reduce the overall costs of paying for your insurance policy. In addition, you should also take advantage of the good student discount.
The good student discount varies from insurer to insurer and from policy holder to policy holder. In general though, as long as you meet the requirements that have been set by the insurance company for this particular type of discount, you will be able to save money on having reduced insurance costs. The concept behind this discount is the belief that good students are much better and lower risk drivers.
One thing to keep in mind though is that in most cases, the good student discount is only offered to full time students. For some companies, you would be required to have a GPA that is within the upper 20%. For some, you can just have a B average. Still for others, you have to make it to the dean’s list. If you want to know more about this discount, visit this helpful site.