How to Get a Mercury Good Student Discount

Mercury’s good student discount can save drivers 10-15% off the cost of the policy.
Written by Tiffany Leung
Reviewed by Jessica Barrett
background
Mercury’s good student discount helps drivers between the ages of 16 and 25 save 10-15% off their insurance policy. Unmarried drivers with a minimum GPA of 3.0 or more who are enrolled full-time in a high school or college may qualify for this discount
Affordable car insurance
can be hard to come by for young drivers when they have statistics stacked against them. Even with a
clean driving record
, drivers under 25 are often considered high-risk since they’re more likely to be involved in accidents and traffic violations. The good news is that studying hard and getting good grades do have their merits—in the form of an insurance discount. 
We’re here with everything you need to know about how to get reasonable Mercury car insurance with the help of a good student discount. 

How to get Mercury’s good student discount

Mercury’s good student discount rewards good grades with 10 to 15% off your insurance premiums. Here’s what you need to qualify for it.

How to qualify

You are eligible for a good student discount with Mercury if you fulfill the following criteria: 
  • Between 16 and 25 years old 
  • Enrolled full-time in high school or college
  • Have a 3.0 GPA or higher, be named on the Honor Roll or Dean’s list, or place in the top 20% of the class
While these guidelines are relatively straightforward, young drivers on the policy who are home-schooled may find it more difficult to meet the requirements. If you don’t have an official GPA to show, the best way to qualify for Mercury’s good student discount is to score in the upper 20% on a national standardized test such as the SAT or ACT.

How long does Mercury’s good student discount last?

As long as you maintain a 3.0 GPA or above, Mercury’s good student discount will apply until you turn 26. 

Why do auto insurers offer good student discounts?

It may seem illogical for insurance providers to incentivize young drivers based on their academic performance. After all, how does having good grades affect your driving performance? But there is a good explanation for why Mercury offers this discount.
Good grades correlate with responsible habits and can forecast the driving behavior of young drivers. In other words, good students are less risky to insurers since they are likely to be safer drivers and will file fewer claims.
By offering discounts to responsible students, insurance companies can attract and retain these low-risk customers, which can also help improve overall profitability.
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The best Mercury car insurance discounts for students

A good student discount can save you up to 15% off your auto insurance premium, but this will depend on various factors, including the state you live in and what’s on your driving record.
If you’re a student and looking for even more discounts, good grades aren’t the only answer for lower insurance costs. Below are more auto insurance discounts and savings programs that can help high school and college students save a sizable amount on Mercury premiums. 

Student away at school discount

If you have a driver under 25 years old and away at school for most of the year on your Mercury car insurance policy, you’re in luck. Provided that the driver only drives the covered vehicle while home on vacation or during holidays, you could qualify for this discount. This is an easy way to lower your premiums without too many requirements.

Driver training discount

Drivers under 21 years old can complete an approved driver education course to help lower their insurance costs. To qualify for a driver training insurance discount, all drivers under 21 who are on the policy will need to complete (and pass) the course. 
Mercury also has defensive driving discounts available for policyholders of any age who complete an approved defensive driving course

Multi-policy or multi-car discounts

Having a high school or college student on your policy with multiple vehicles to insure—and paying for multiple insurance products, including homeowners, renters, or life insurance—can add up quickly.
Consider moving all your policies to the same provider to benefit from multi-policy and multi-car discounts. You can save up to 15% on your insurance! 

MercuryGO discount

Mercury made its usage-based insurance app, MercuryGO, available to
New Jersey
drivers in 2022. This app helps improve driving skills and traffic safety as it acts as a virtual coach that provides live feedback on your driving behavior. It can also help drivers save a significant amount on their premiums.
Teen drivers 18 years old or younger will automatically receive a 10% participation discount when they register for the app. Depending on the driving score, an additional discount of up to 40% off can be applied upon policy renewal.
Here’s how the app will help you develop safer driving skills:
  • Calculates a skill score based on telemetrics including excessive speeding, hard braking, distracted driving, and road type
  • Allows parents to monitor their teen’s driving behavior through real-time feedback
  • Allows families to share scores between participating drivers to see who is the safest on the road
The MercuryGO app has helped reduce distracted driving, speeding, and hard braking by 29%, 45%, and 17% respectively!

Good driver discount

The
good driver discount
program applies to drivers of all ages and encourages safe driving behaviors. You can qualify for the good driver discount if you have kept a pristine driving record for consecutive years, including being accident and ticket-free.
Jerry
was spot on. I’m young with one rear end on my record. Still, they dropped my monthly insurance rate from $468 to $250. This really saved me money.” —Jason M.
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