Good student discount
Term · Insurance and risk management · MLC-T-INS-001650
A reduction in the premium for an automobile insurance policy offered to young drivers who maintain a specified academic average, typically a B grade or higher. Insurers offer this discount because statistics show that students with better grades tend to be safer drivers, presenting a lower risk of accidents. This incentive encourages responsible behavior both in school and on the road.
| Identifier | MLC-T-INS-001650 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001650",
"term": "Good student discount",
"field": "Insurance and risk management",
"definition": "A reduction in the premium for an automobile insurance policy offered to young drivers who maintain a specified academic average, typically a B grade or higher. Insurers offer this discount because statistics show that students with better grades tend to be safer drivers, presenting a lower risk of accidents. This incentive encourages responsible behavior both in school and on the road.",
"url": "https://mlchart.com/terminology/insurance/good-student-discount/"
}
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