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.