Honor Roll Car Insurance Discount

Insurance companies offer safe driver and good student discounts, but not necessarily an honor roll car insurance discount. Read on if you’re interested in finding discounts for student drivers.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP® Joel Ohman

UPDATED: Jun 20, 2022

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Here's what you need to know...

  • Many insurance companies offer good student discounts for those who maintain at least a B average
  • If you are on an honor roll, you will typically qualify for these discounts
  • You may also be able to get other savings, such as a distant student discount, or if you attend a driver’s education program

Insurance companies decide premiums based on risk and typically charge younger drivers much more. If you’re searching for such coverage, you may be worried about the overall cost and looking for ways to reduce the expenditure if you can. 

For example, you may be wondering if there is such a thing as an honor roll car insurance discount. We have researched this for you and will give you some answers below, and we’ll also help you find the best full coverage car insurance rates regardless of your situation. 

What do you need to know about the honor roll car insurance discount?

Most insurance companies believe that students who perform well in school and get good grades will likely be safer drivers. These companies may refer to statistics gathered over the years and are willing to offer discounts in certain situations. 

The student may not attract a specific discount just because the school has placed them on an honor roll, but they may instead qualify for a good student discount. As the approach can vary from company to company, it’s worth shopping around so that you can make an educated comparison.

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What are good student discounts?

Good student discounts may be available for a driver between the ages of 16 and 24 who is also enrolled full-time in high school or college. To qualify for the discount, you must maintain a minimum B average. 

You can prove your academic achievements by showing your current report card or submitting a form signed by a school administrator.

What if you study at home?

If you don’t attend a high school or college but are homeschooled, you may still be able to get the discount. In this case, you should provide your results from one of the standardized tests – such as the SAT, ACT, or PSAT.

As a home-schooled student, you must place within the top 20% of the test’s national performance.

Is it worth attending a driver’s education program?

Some companies will offer a driver’s education car insurance discount if you take a drivers ed program or enroll in a defensive driving class. This approach varies by the insurance company, so you need to do some research for comparison purposes.

Are any other honors discounts or savings available?

You may also be able to qualify for other savings. Talk with your parent’s insurance company to see if adding you to your parent’s existing policy would be cheaper than setting up your own. You may be able to take advantage of the comparatively lower rate associated with the more experienced driver.

How do insurance companies set rates?

Insurance companies use a variety of different factors to determine individual rates. Some of the most common considered include the driver’s:

  • Age
  • Location
  • Gender
  • Vehicle
  • Driving record

Insurance companies use these factors to calculate how much of a risk you are on the road, and because of the lack of experience in young drivers, age plays a vital role in determining rates.

Could you qualify for a distant student discount?

Are you a resident of a college that is a long way from your home? If so, you may be away from your vehicle for long periods. As such, you may be able to get a student away at school car insurance discount

In this case, an insurance company may offer savings if the student does not have a vehicle while at school and lives more than 100 miles away from home while studying. 

To qualify, you may need to provide proof of attendance at the specific college and your temporary address while you are there.

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The Bottom Line on the Honor Roll Car Insurance Discount

Most companies do not offer students an honor roll discount specifically, but you may still be able to qualify for a good student discount. After all, not every good student is on the honor roll. 

Typically, to qualify for a good student discount, you need to maintain a B average and be under 25 years old. You may also be eligible for other savings, such as a distant student discount, and it may be cheaper if you add your name to an existing policy in your household.

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