Orlando Harmon
Car insurance for students can be expensive, with policies for young drivers costing up to 115% more than the average driver. GEICO offers a range of discounts to help students save money on their auto insurance. These include the good student discount, which offers up to 15% off for full-time students with a B average or above, as well as the good driver discount for those with a clean driving record. Students can also benefit from GEICO's multi-policy discount if they insure their car through GEICO and have a separate policy for their home, renters, or condo insurance.
| Characteristics | Values |
|---|---|
| Discount for full-time students with good grades | 15% |
| Good driver discount | N/A |
| Discount for members of select organisations | N/A |
| Discount for students who complete a driver training program | N/A |
What You'll Learn
Good student discount
GEICO offers a good student discount to help students afford the expensive insurance premiums for young drivers. Car insurance for students and other young drivers can be 115% higher than the average driver.
Full-time students with a good academic record could get up to a 15% discount on certain coverages. To qualify for the good student discount, you must be a full-time student and under 26 years old. High school students must have a minimum grade average of 'B' in their school results to qualify for the discount, while college applicants must maintain at least a 3.0 GPA.
Students can save even more by having good grades, a good driving record, or an affiliation with an organization that partners with GEICO. These student car insurance discounts may apply whether the policy is in your name or that of your parents.
GEICO also offers other discounts for students, including the good driver discount, the alumni association discount, and the student organization discount.
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Good driver discount
GEICO offers a Good Driver Discount to students who have maintained a clean driving record for more than five years. This discount can result in significant savings on car insurance premiums, with up to a 22% discount on most coverages.
The Good Driver Discount is one of several discounts offered by GEICO to students, who often face higher insurance premiums than the average driver. By offering this discount, GEICO incentivizes students to drive safely and maintain a clean driving record.
In addition to the Good Driver Discount, GEICO also offers a Good Student Discount, rewarding students with excellent grades. Full-time students in high school or college with a B average or better are eligible for this discount, which can save them up to 15% on their vehicle insurance policy.
Students can also benefit from GEICO's Affinity Membership Discount, which is available to members of sororities, fraternities, campus organizations, or alumni associations. These discounts can help students save money on their car insurance, making it more affordable to stay insured while in school.
Furthermore, GEICO provides discounts for driver training programs and safe driving techniques, such as defensive driving courses. These discounts not only promote safe driving habits but also help students reduce their insurance costs.
Overall, GEICO's Good Driver Discount, along with its other student discounts, can significantly reduce the financial burden of car insurance for students, making it a more accessible and affordable option during their academic years.
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Affinity membership discount
Students can save up to $100 to $200 on their auto insurance policy with GEICO's Affinity Membership Discount. This discount is available to those who are part of a sorority, fraternity, campus organisation, or alumni organisation.
GEICO offers a range of discounts to students, including the Affinity Membership Discount, to help them afford the expensive insurance premiums that young drivers often face. Car insurance for students can be up to 115% higher than the average driver, so these discounts can make a big difference.
The Affinity Membership Discount is just one way that GEICO gives back to its customers. The company also offers discounts to those who serve in the military, federal employees, and those over 50 years old.
In addition to the Affinity Membership Discount, GEICO offers a Good Student Discount, which is available to full-time students with a "B" average or better. This discount can save students up to 15% on their insurance premiums.
To be eligible for the Affinity Membership Discount, students must be a member of a qualifying organisation. These organisations typically have over 50,000 active participants and include fraternities, sororities, charities, alumni associations, and societies.
GEICO also offers a Good Driver Discount, which is available to those who have maintained a clean driving record for more than five years. This discount can be combined with the Affinity Membership Discount to help students save even more on their auto insurance.
By taking advantage of these discounts, students can significantly reduce the cost of their auto insurance and keep their finances in check.
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Staying on a family policy
If you're a student, you might be wondering whether to stay on your family's auto insurance policy or get your own. Here's some information to help you decide:
If your parents have a car insurance policy with GEICO, you may be able to stay on their policy, especially if they are the titled owner of the vehicle. Staying on your family's policy can help you save money. GEICO offers auto insurance discounts for families, and you can benefit from these by staying on your parents' policy. You can also take advantage of student car insurance discounts offered by GEICO, such as the good student discount and the good driver discount, even if you're on your parents' policy.
When deciding whether to stay on your family's policy, there are a few things to consider:
- Vehicle ownership: If your parents own the car, it makes sense to stay on their policy. The person listed on the title is usually responsible for the insurance policy.
- Vehicle location: If you're taking the car with you to college, you'll need to provide the address where it will be kept. Different states have different coverage requirements, so you'll need to make sure your family's policy meets the minimum requirements for your state.
- Usage: Consider how often and how far the vehicle will be driven. If you're living on campus, you may have other transportation options and won't need to use the car as much. In this case, staying on your family's policy might be a good option.
- Cost: According to WalletHub, a 16-year-old student will pay about 38% more on individual insurance than on a shared family policy. Staying on your family's policy can help keep costs down.
- Family driving record: If you have a family member with a poor driving record, they may increase the total insurance cost of the family policy. In this case, getting your own policy might be more cost-effective.
If you decide to stay on your family's policy, make sure to provide GEICO with the necessary information, including your valid driver's license number, vehicle identification number (VIN), and address where the vehicle will be stored.
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Student car insurance quote
If you're a student, you may be eligible for a discount on your car insurance premium with GEICO. The company offers a range of discounts to help students save money on their auto insurance, which can often be costly for young drivers.
Good Student Discount
High school or college students with good grades are eligible for the GEICO Good Student Discount. To qualify, you must be a full-time student with a "B" average or above, or a college GPA of 3.0 or higher. This discount can save you 15% on your vehicle insurance policy.
Good Driver Discount
If you've maintained a clean driving record for more than five years, you may be eligible for the GEICO Good Driver Discount. This discount is available to students who have had no accidents within the last five years.
Affinity Membership Discount
If you're a member of a sorority, fraternity, campus organization, or alumni organization, you may qualify for the Affinity Membership Discount.
Other Ways to Save
In addition to these discounts, there are other ways for students to save on their car insurance. One way is to share an insurance policy with your parents, which can be significantly cheaper than an individual student insurance policy. You can also reduce your insurance premium over time by maintaining a good driving record and taking safe driving training courses.
Getting a Student Car Insurance Quote
To get a student car insurance quote from GEICO, you will need the following information:
- A valid driver's license number
- Vehicle identification number (VIN)
- Address where the vehicle will be stored
With GEICO, you may be able to save even more by having good grades, a good driving record, or an affiliation with an organization that partners with GEICO. These student car insurance discounts may apply whether the policy is in your name or your parents'.
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Frequently asked questions
Geico offers a 15% discount on certain coverages to full-time students with a good academic record.
To qualify for Geico's student discount, you must be a full-time student with a good academic record. High school students must have a minimum grade average of 'B', while college students must maintain at least a 3.0 GPA.
With Geico's student discount, students can save up to $100, $150, or even $200 on an auto insurance policy.
In addition to the student discount, Geico offers a Good Driver Discount to students who have maintained a clean driving record for more than five years. Students can also save money by sharing an insurance policy with their parents.
