Good grades can save you $200 (or more)*


Adding a youthful driver to your auto policy comes with a premium increase. That’s because the accident rate for young drivers is so high. But there’s a way to lessen the impact to your rate. Good grades are linked to more responsible behavior and fewer car accidents, so we’ll apply a premium discount if the youthful driver on your policy is a full-time student who earns good grades.

Who’s eligible for the credit?

The credit is available to full-time high school, college, or university students (up to age 24) who: 

  • Maintain a B-or-better average, or its equivalent numerical score, if the average is not graded on a letter scale, or
  • Achieve a 3.0 or higher GPA, or
  • Are named to the Dean’s List, or
  • Rank within the top 25% of their class.

How to apply for the credit

You’ll need a copy of your student’s grade reports or transcripts that show the student’s name, grades, school, and semester dates. Contact us at  800.342.5342 for assistance applying this credit to your policy. Team members are available Monday through Friday from 8:00 a.m. to 8:00 p.m. ET.

Product, service, program, credit, and discount availability and limits vary by state. The information provided on this site is provided for informational purposes only and is not a full explanation of products, services, or coverage. For more information, please contact Electric Insurance Company at 800.342.5342. If there are discrepancies between the information on this site and the policy, the terms in the policy apply.*
 Amount varies based on state and overall premium and the student's status as the primary or secondary driver of the vehicle they use.