If you’re in the market for some new car insurance policy, because your parent had just handed down to you the family’s wagon, you’ll be pleased to find that students with good academic records are going to be given a discount. Across the industry, insurers are themselves subscribing to a theory that students that perform better in the classroom than the average student is also performing better on the road.
The rationale behind this which is allowing car insurance premiums to come down for students is that if a student is performing this well in school, then they must be studying more. And if a student is studying more, implicitly, the student is driving less. And the less often the student is on the road, the less chance there is of the student ever needing to use the policy. This theory’s widely accepted in the industry now, and it isn’t uncommon to find this promoted on TV and the radio.