09/04/2019

Good Grade Discount

Getting a driver’s license can be an exciting time, but chances are it may be less so for parents. This newfound freedom for the new, young driver also means a policy update or addition to maintain the necessary auto insurance coverage. 

If a vehicle is being added to the policy for the new driver, it will require adding a new coverage line. If the driver will be sharing a car that is already under the policy, that will require a policy update as well. Adding coverage or adjusting coverage can mean changes in price. Most times, a new, young driver will be more expensive to insure. Luckily, many insurance providers offer a good grades discount for car insurance. Read more about this discount and contact your agent to apply:

To be eligible for this discount with OKFB Insurance, a student must*: 

  • Be a full-time student in high school, college or university
  • Have a scholastic record during the immediately preceding school semester or quarter that shows one of the following: 
    • 3.0 GPA or B average
    • Scholastic rank in the upper 20% of his/her class 
    • Included on the “Dean’s List,” honor roll or other comparable scholastic recognition list 
  • Send the insurance agent a copy of the student’s most recent scholastic record 
  • Apply for the scholastic credit with your agent

Contact your agent to see if your student is eligible to receive this discount. While you’re at it, take a look at our other discounts for Auto Insurance policies. 

*Depending on your carrier, these eligibility requirements may vary. 

Student working on school work