The good student discount is just one way for young drivers to save money on their car insurance premiums. There are plenty of other student car insurance discounts on the market that could offer even greater savings.
Additional auto insurance discounts that could benefit students include:
- Driver’s education discount: Some car insurance providers offer discounts to student drivers if they take an approved driver’s education or driver training course.
- Defensive driving course discount: Taking a defensive driving course could qualify many policyholders for additional savings.
- Student away at school discount: If you’re a college student who lives away from home and rarely drives, you could be eligible for another discount.
- Multi-car discount: Student drivers who share their policy with another person such as a parent could save more money.
- Vehicle safety features discount: If a student drives a vehicle with safety features like air bags or an anti-theft system, they may qualify for additional savings.
- Usage-based insurance: Telematics insurance apps reward students for safe driving if they avoid behaviors such as speeding, hard braking and late-night driving.
While it’s rare for young drivers to find extremely affordable auto insurance, higher rates could drop considerably if you combine one or more of these opportunities with a good student discount.
More Ways To Save on Car Insurance
While car insurance discounts can reduce the rates you’ll pay for coverage as a student driver, there are a few other techniques that can lower your premiums even more. We’ll run through a few of them below.
Maintain a Clean Driving Record
The easiest way to get a cheap car insurance policy is by being a good driver. Not only could you qualify for a safe driver discount, but you could also see your rates decrease faster than for other teen drivers. This means avoiding reckless practices such as speeding, texting while driving, and being on the road late at night.
Increase Your Insurance Deductible
Drivers who set higher auto insurance deductibles agree to pay more out of pocket before their insurer covers remaining vehicle damages. However, these policyholders will also pay a lower rate per month for their insurance coverage plan.
Bundle Insurance Coverage Plans
If you also have renters or homeowners insurance, you could save a considerable amount of money by bundling these policies with your car insurance. Expect to receive a far lower rate together than if you were to pay for these coverages separately.
Look for Driver Affiliation Discounts
Many auto insurance companies offer savings for members of certain fraternities and sororities. Because of this, it’s worth checking whether you could qualify for lower rates if you’re a member.
