Is Your Insurance Costing You Too Much? Find Out How to Save!

Many retailers and brands offer discounts to students that aren't advertised on their websites, so you should always ask before purchasing. For example, Target's College Student Appreciation program gives students multiple discounts on food, clothing, technology and more with a simple sign-up for an edu account. Several services and subscriptions, including Spotify, Microsoft Office 365, Skullcandy headphones and earbuds, and Casetify, are discounted for students. 

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The same goes for cultural programming centers, who want to encourage young people to come experience their shows, exhibits or performances.

The good student discount on car insurance typically saves young drivers 10 to 15% on their auto premium, depending on the insurer. To qualify, you must be a full-time high school, college or vocational student, under the age of 25 and maintain a certain grade point average throughout your school career. The discount is typically compiled into your overall rate, so it won't show up as a specific line item on your bill.

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 It's usually available for both comprehensive and collision coverage, as well as medical payments, personal injury protection and bodily injury liability. Some insurers offer an additional distant student discount, which is applicable for students who attend school over 100 miles away from their homes and don't have access to a vehicle while they're there. The exact eligibility requirements vary by insurer, so contacting your company is the fastest way to learn more.

Whether you’re trying to cut your car insurance rates or just keep costs down, it pays to do a thorough policy review. Often, significant savings can be found by combing through discounts that fly under the radar.

Bundling policies, safety features and even a yearly audit can unlock deals you may not have known existed.

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Telematics

Insurance company and apps can help you prove to your insurance company that you’re a safe driver and earn a discount. They track metrics such as acceleration, hard braking and overall road behavior. They can also detect when a vehicle is left unattended. Some telematics programs even take into account your driving history, allowing you to avoid paying for expensive coverage options like collision and comprehensive insurance.

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If you’re a fleet manager, the data collected by onboard telematics systems can help you streamline recordkeeping and reporting for your entire fleet. It can also be used to identify unsafe driving behaviors and coach your drivers to correct them. In one case, video footage from a telematics system proved that a company-owned car accident wasn’t the result of reckless driving by a company employee—saving the business from significant legal and financial exposure.

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