Making the Grade
Good grades prove especially rewarding for families with young drivers who take advantage of Texas Farm Bureau Insurance’s Academic Achievement Discount, more commonly known as the Good Student Discount. Available to full-time students who are high school juniors and above who have maintained at least a B/3.0 average during the previous academic year, the program entitles qualified drivers to up to 10 percent off premiums in five categories:
1. Bodily injury liability
2. Medical payments
3. Collision
4. Property damage liability
5. Personal injury protection
“From our standpoint, the discount makes a lot of sense,” says B.J. Donaldson, vice president of underwriting at Texas Farm Bureau Insurance. “Studies show again and again that students who do well at school are also better behind the wheel.”
In general, young drivers pose a greater risk on the road than their parents. According to the Centers for Disease Control and Prevention’s latest Youth Risk Behavior Surveillance Survey, released in June, more than 40 percent of teen drivers reported texting or emailing while driving during the previous 30 days. Moreover, the National Highway Traffic Safety Administration found that 184,000 young drivers were injured in wrecks in 2012.
“The Academic Achievement Discount is a way of rewarding positive performance,” adds Donaldson. “It’s a great incentive for students to do well in the classroom.”
For more information about the Academic Achievement Discount, speak with your Texas Farm Bureau Insurance Agent.
Coverage and discounts are subject to qualifications and policy terms, and may vary by situation. © 2014 Texas Farm Bureau Insurance
