Good grades can help you and your student save $$$ on insurance! Our Good Student Discount is a great perk for drivers under 25 years old who are full-time college or high-school students! To qualify students must show that they:
- Are a full-time student and
- Rank within the upper 20% of their class or
- Have a “B” or better letter GPA or
- Have a least a 3.0 numerical GPA or
- Is on the “Dean’s List”, “Honor Roll”, or other similar scholastic achievement list.
There is a major neurological difference between adult and teenage drivers. The human frontal lobe is not fully developed until sometime in our early twenties. Because of this, teens are less likely to be able to make rational decisions, especially in emotional situations. The NICHD finds that the first 1,000 hours, or 6 months, of licensed driving are extremely dangerous due to lack of experience. Crash rates tend to decline after that point, but don’t drop to adult levels until drivers have on average five to six years of experience under their belt, or around 10,000 hours. Having passengers only makes this problem worse for some teenage drivers, as they can cause even more distractions. Driving with three teen passengers increases the risk of a crash by three to four times, versus your teen driving alone.
Studies also show that teen with more involved parents tend to driver more safely and have fewer crashes. Boundaries like a curfew or a restriction on the number of passengers that are allowed can help, but only if they are enforced. You can also take further action and install a driving behavior feedback device that records data during elevated g-force events. Then, you both can view and discuss things that happened, like swerving or sudden braking, and how to avoid those situations. Also, make sure your teen driver know how to handle a roadside emergency by reviewing our 10 Smart Steps!
Renters Insurance for Students
Is your college student living off campus this year? Then you may want to consider getting a renters insurance policy for your child. It’s an inexpensive way to protect their belongings, as well as provide liability coverage to protect YOU (the parents)! A Renters policy covers personal possessions, like clothes, furniture, and electronics, up to your coverage limit. Our policies also include Personal Liability and Medical Payments coverage! It can even cover additional living expenses in the event of damage that makes their space uninhabitable.
Renters Insurance can also fill the gaps left by your other policies, such as your Auto insurance. For example, say a thief steals your laptop out of your car. Your Auto policy make likely cover the car window the thief broke to enter your car, but not your laptop! This is when your Renters policy can step in to replace your personal possessions. And the best part? It’s also super affordable! Renters insurance is much cheaper than other types of coverage and usually cost less than a dollar a day. And, at Farmers Insurance, adding a renters policy to your account may qualify you for a discount! Check out this article that can help you consider whether or not a renters policy may be right for your student.