Further Education Car Insurance Discount
A further education car insurance discount provides savings between five and 15 percent for individuals with a college education. However, some companies may use education to assess risk and give you lower rates without a discount. Other student discounts are also available from many car insurance companies. Learn more below.
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UPDATED: Mar 31, 2021
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- A further education car insurance discount provides savings for individuals who have a college education.
- Some car insurance companies will not offer this discount, but they may take education level into account when assessing risk and setting car insurance rates.
- Some states and insurance companies have banned the practice of using education levels to set rates.
- Other student discounts include good student discounts, distant student discounts, and affiliation discounts.
Some students may have higher expenses, lower incomes, or both. Saving money on car insurance can help improve your budget. Students who have completed a degree may qualify for a further education car insurance discount.
Read more below to learn about savings options for students. Enter your ZIP code into our free quote comparison tool above to compare further education car insurance rates from companies in your area now.
What is a further education car insurance discount?
A further education car insurance discount provides savings to policyholders who have a college education (most often, a four-year degree is required).
While some car insurance companies offer this discount, insurance companies may also take education into account already to assess risk. Individuals with higher education levels are perceived as less risky and may pay lower rates than someone who has less education.
With that in mind, you may not need a discount to receive lower rates based on your further education. However, some states and insurance companies ban the practice of using education to set rates, so you should contact insurance companies to ask if they take education into account.
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How much can I save with a further education car insurance discount?
Further education auto insurance discounts typically range between five and 15 percent savings.
Some insurance companies that offer this discount include Ameriprise, Country Financial, Esurance, GEICO, Liberty Mutual, Nationwide, Safeco, The Hanover, and Travelers (California residents).
Even without college student discounts, an individual with a four-year degree may save up to 10 percent compared to an individual with a high school degree. With each degree level, your savings will increase but less dramatically.
What other discounts are available for students?
Other student discounts include distant student discounts and affiliation discounts (for attending specific schools or belonging to a sorority, fraternity, or honors society).
Students can also research their ability to qualify for other discounts based on vehicle safety features, insurance history, payment options, and more.
If you need help finding further education car insurance discount quotes, enter your ZIP code into our free quote comparison tool below.