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(Transportation-News.com, June 16, 2014 ) Brownstown, MI – It’s not a secret that discounts heavily affect auto insurance premiums, especially auto insurance for college students, says Brownstown-based insurance company Frost & Remer. “Discounts play a big role on getting a chunk of price off your coverage,” the company explains. “As much as possible, student drivers should take advantage of these discounts.”
It’s All about the Numbers
Auto insurance rates are determined by using a complicated mathematical formula, taking into accounts different criteria affecting the overall premium. The criteria set takes into account data from national statistics, the driver’s personal information, type of car and accident history. The use of statistical analysis has actually made it possible for insurance companies to glean more accurate rates for each individual.
When it comes to grades, insurance companies have considered student drivers with higher grades favorable to insure, highlights Frost & Remer (http://insurancebyfrost.com). This is due to the statistics which disclose them as a less-risky demographic compared to other young drivers. Those students who are responsible in taking good care of their class rankings appear to have fewer accidents and violations compared to their peers who have lower grades and those who are no longer in school.
Common sense theories offer a reasonable explanation, establishing this study into a fact. A student responsible for his grades is also a student responsible in his driving. The assumption is that diligent students are the same in their studies as being on the road. While this is not always the case all the time, the statistics present that those who do better at school also do better behind the wheel.
A Beneficial Discount for Companies and Parents
Companies offering student discounts for those with good grades allow both the company and insurance policy holders to gain an advantage. For the insurance company, they are able to offer a cheaper car insurance premium to parents or working college students. This is from the assurance that the child is less likely to have an accident; encouraging safe and defensive driving.
Frost and Remer shares that having good grades reflects the student’s virtues towards his outlook in life. Learn more about auto insurance for college students at http://insurancebyfrost.com/things-know-auto-owners-insurance-brownstown-mi.
About Frost, Remer, and Mercure Financial Services, Inc.: Established In 1989 as an independent insurance agency serving the states Michigan, Ohio, Colorado, Georgia, Illinois, Minnesota, New York, Pennsylvania and Wisconsin with their primary focus on Southeast Michigan and Northern Ohio.
Their mission is to provide reliable insurance advice, quality service and honest claims advocacy at affordable pricing for individual, business and farm owners insurance needs by placing their clients’ insurance policies with insurance company partners that are well respected within the industry and are financially sound.
For more information about how they can help provide the right financial protection for you, visit http://www.InsuranceByFrost.com.
Frost and Remer Insurance
Jeff Frost, AAI
(734) 794-3072
JFrost.Frost03@InsureMail.net
Source: EmailWire.Com 
Source: EmailWire.com
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