GEICO offers good student discounts in most states to full-time students who have a GPA of 3.0 or an average of B or higher than their grade. Students must be between 16 and 25 years old to qualify. The discount allows young drivers to save 15% on their car insurance premiums, making coverage more affordable. In addition to GEICO student discounts, you can reduce the amount of money you spend on car insurance by sharing an insurance policy with your parents.
Car insurance for students and other young drivers can be 115 percent higher than car insurance for the average driver. A student who purchases an insurance policy from GEICO will enjoy several discounts, such as the discount for good drivers, the discount for good students and the discount for affiliate members. Other insurance companies that offer discounts for good grades include American Family, State Farm, Nationwide, Farmers, Average, Geico and USAA. GEICO allows students with high grades to qualify for a 15% discount on their auto insurance premiums with the discount for good students.
Before you apply for the good GEICO student discount, check out student discount offers from other insurance companies. GEICO created the discount for good students to help students pay the expensive insurance premium for young drivers. As students, it's cheaper to share an insurance policy than to buy a standard student insurance policy. According to WalletHub, a 16-year-old student will pay approximately 38 percent more on individual student insurance than on a shared insurance policy.