Students Enrolled in Higher Education Get Cheaper Auto Insurance

At first glance, this statement sounds like a joke, but it is 100 percent true. The auto insurance companies consider the education level of a driver as a major factor when preparing a policy. Therefore, someone with a college degree will have to pay a less premium than someone with just a high school diploma. Similarly, those with doctoral degrees pay the minimum amount when it comes to auto insurance. Various individuals with higher education from Parkland, Florida have already availed such discounts on auto insurance.

If we calculate the difference in premiums, it would be around 19 percent between a doctoral-degree holder and a high school dropout.

In terms of premium rate, someone who’s a high school graduate will save around 260 dollars a year than someone who’s a dropout. The difference in the premium rate decreases as the level of education increases. For example, the difference between a doctoral degree and master’s is merely 30 dollars a year.

See, there are so many perks of completing your education.

It would come as a surprise but premium rates also vary depending on how you perform in your high school or college. Yes, the premium rate is inversely proportional to your GPAs. You can save up to 10 percent if you have scored well academically.

You are eligible for discounts until you turn 25 if you had received good grades in your college. Get auto insurance in Weston, Florida by connecting with the team of Florida Insurance Marketers. Learn more by clicking this link.