Getting behind the wheel as a student is a milestone, but it often comes with higher insurance costs. To ease the burden, many insurers, including Allstate, offer car insurance discounts tailored for college and high-school drivers. These savings can help young drivers get affordable, dependable coverage.
Why Student Drivers Pay More?
Teen and college drivers are often considered higher-risk by insurers, which drives up premiums. Common risk factors include:
- Limited driving experience
- Inconsistent seatbelt use
- Higher likelihood of distracted driving
- Greater chance of speeding
- Increased alcohol-related risks
- More accidents at night and on weekends
Because of these factors, finding and using every available discount is key.
The Smart Student Discount
One of the most popular options is the Smart Student Discount, available for unmarried drivers under 25. Eligibility requires meeting at least one of these conditions:
- Being a full-time student with good grades
- Completing the teenSMART® driver education program
- Attending school at least 100 miles away from where the car is garaged
This discount recognizes responsible student drivers and can significantly reduce costs.
Other Ways Students Can Save
In addition to the Smart Student Discount, there are several strategies for lowering premiums:
- Enroll in driver’s education or a defensive driving course
- Maintain a clean driving record
- Share good report cards with your insurer
- Add the student driver to a multi-vehicle family plan
- Choose used vehicles with high safety ratings
- Compare quotes from at least three providers
- Consider raising the deductible for lower monthly premiums
- Use telematics programs like Drivewise® for safe driving rewards
- Drive fewer miles and explore usage-based policies like Milewise®
Protection Beyond Discounts
Insurance for teens and college students isn’t just about saving money—it’s about safety and responsibility. Programs like Accident Forgiveness and add-ons tailored to young drivers can offer extra peace of mind. Talking with an Allstate representative can help families decide the right coverage options when adding a student to their policy.
Allstate’s College Football Scholarship Program
Allstate connects with students beyond insurance through its Good Hands® field goal nets program. For every field goal scored through Allstate-branded nets in college stadiums, the company donates to that school’s scholarship fund. Since 2015, this initiative has contributed millions of dollars to help students pursue higher education.
Opportunities for Student Careers
Allstate also offers job opportunities and internships for high school and college students exploring career paths. These positions can provide valuable experience while building financial independence alongside insurance savings.
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I’m Abhilash, a finance and business content writer passionate about simplifying money matters. I share practical insights on finance, business growth, and insurance to help readers make informed decisions. Through my blogs and articles, I aim to provide clear, reliable, and actionable advice for smarter financial planning and success.
