Good Student Drivers: How Being a Model Student Can Pay Off for Auto Insurance.
Young drivers who excel in school are statistically safer on the road, making them eligible for Mercury Insurance’s Good Student Discount, earning up to 20% off premiums while rewarding strong grades and safe driving habits.
Being a young driver is hard. From learning the rules of the road to being in charge of one’s own safety for the first time, there are countless challenges to overcome. Because of this difficulty, young drivers are often faced with higher premiums due to their statistically higher likelihood of being involved in accidents. Young male drivers particularly have the highest chances to be in solo or at-fault auto accidents. However, the data also suggests that young drivers who do well in school are less likely to be involved in accidents, making them less risky for carriers to insure. The result can be 10-20% saved on premiums for insuring these young drivers.
What makes a good student?
For Mercury Insurance, the driver must have a 3.0 grade point average as a full-time student in either high school or college. They also must meet the criteria of young driver, meaning this only extends to students aged 16-25. Statistics show that young drivers who meet this criteria are less likely to make mistakes and cause accidents when driving. Additional ways to qualify as a good student include being named to the Dean’s List, the Honor Roll, or placing in the 20th percentile in classes.
Beyond being a good student, additional ways to reduce your premiums as a young driver include enrolling in driving classes, driving a cheaper vehicle, or simply just maintaining a safe driving record for an extended period. It typically takes three years of a clean record before your premiums begin to fall in this age range. Poor driving records will quickly offset any good student discounts you may be eligible for, so safe driving is always going to be the cheapest and simplest way to lower your premiums over time.
How Bryson can help:
As your insurance broker, Bryson can simplify the process of getting a good student discount for young drivers. We act as a personal liaison between our clients and carriers, making the process quick and easy all while ensuring the best possible prices for our clients. With decades of experience in placing clients with carriers and hundreds of young drivers awarded discounts for their academic efforts, we can connect you with the value and savings you deserve.