When your teenager begins to drive, your level of stress goes up – and so does the cost of your policy due to teen car insurance rates. That’s because teens are calculated to be a higher risk the first few years they’re driving. A good student discount can reduce the expense of insuring your teen driver, making it more affordable. Here’s what you should know about car insurance and good student discounts.
What a student needs to get a good student discount
Nationwide offers a good student discount on auto insurance for drivers 16 to 24. They must be full-time high school or college students and maintain a minimum B average.
How to show that your student is a good student
When you purchase your car insurance, you’ll need to furnish proof of academic achievement, such as a current grade card or a form signed by a school administrator. If the student is homeschooled, the results from a standardized test, such as the PSAT, SAT or ACT, may be used. The homeschooled student needs to be in the top 20% of that test’s national performance.
Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply. Discounts may not be applied to all policy coverages.