Many insurance companies offer a discount which will lower a student’s car insurance premiums if they get good grades. This is called a good student discount, and savings can range average 12.5%. Here’s what you need to know about getting and keeping a good student discount.

Key Highlights
  • Many insurers offer a discount to teen drivers who maintain good grades. 
  • While the grade point required can vary by insurer, a 3.0 is a common requirement. You will need to provide proof of grades. Insurers typically check grades once a year.
  • If you are homeschooled, you will need to check with your agent regarding eligibility and what is required as proof of good grades.
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Written by:
Mark Vallet
Contributing Researcher
Mark is a freelance journalist and analyst with over 15 years of experience covering the insurance industry. He has extensive experience creating and editing content on a variety of subjects with deep expertise in insurance and automotive writing. He has written for autos.com, carsdirect.com, DARCARS and Madtown Designs to name just a few. He is also a professional blogger and a skilled web content creator who consistently turns out engaging, error-free writing while juggling multiple projects.
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Reviewed by:
Laura Longero
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Executive Editor
Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
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How often will insurers check your report card?

Insurers will typically require you to report your grades at least once a year. While it varies by insurer, they will often request your final grades at the end of a semester.

Keeping your grades up and reporting them to your insurer regularly is necessary to keep your discount. If you fail to maintain the required grade point average or don’t send a copy of your grades to your insurer, you may lose the discount and see a rate increase.

How high do my grades have to be to get a discount?

While every insurer has their own standards, generally, you’ll need one of these four qualifications:

  • Proof that you’re in the top 20% of your class.
  • Proof that you have a grade average of a B or higher.
  • Proof that you have a grade point average of 3.0 (out of 4.0) or higher.
  • Proof that you were included in the Dean’s List or Honor Roll.

Do insurers check the legitimacy of grades reported?

Insurers will require proof of grades in order to qualify for a good student discount. Most will accept a copy of a report card, a transcript or a letter from the principal or another school administrator.

Whether insurers take any additional steps to verify the legitimacy of those grades will vary. While some may be happy to take your word for it, others may verify with the school. It never pays to mislead your insurer, if you have reported fake grades to your insurer and the fraud is discovered, they can void your good student discount and chargeback for the discount given. They may also cancel your coverage as insurers tend to take insurance fraud seriously.

I am homeschooled. How can I show proof of my grades?

As a homeschooler, it is still possible to get a good student discount. However, since you won’t have an official report card, you’ll have to show evidence of your abilities by taking a state or nationally-mandated test that your insurer accepts such as:

  • ACT
  • SAT
  • PSAT
  • TAP
  • PACT
  • California Achievement Test
  • Iowa Test of Basic Skills

The best advice is to ask your insurance agent what documentation is needed to qualify for a good student discount as a homeschooler.

Can I get a good student discount as a college student?

Yes. Many insurance companies’ good student discount is also available to full-time college students under the age of 25. Just like high schoolers, college students will need to submit proof of their final grades and full-time student status at the end of each semester to keep their discount.

Laura Longero

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Laura Longero

Executive Editor

Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.

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Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

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Contributing Researcher

Mark is a freelance journalist and analyst with over 15 years of experience covering the insurance industry. He has extensive experience creating and editing content on a variety of subjects with deep expertise in insurance and automotive writing. He has written for autos.com, carsdirect.com, DARCARS and Madtown Designs to name just a few. He is also a professional blogger and a skilled web content creator who consistently turns out engaging, error-free writing while juggling multiple projects.