GEICO's Good Student Driver Discount could add up to 10 - 15 percent saving for Virginia teens

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WASHINGTON, D.C., Oct. 28, 2008 – GEICO understands that teaching your child to drive can be a daunting task. The costs of insuring them can be daunting also, so GEICO recommends that parents learn about all available discounts when adding a young driver.

In Virginia, for example, drivers who are full time students between the ages of 16 and 24 could be eligible for a 10-15 percent GEICO discount if they meet any of these requirements:

  • B average prior semester
  • 3.0 grade point average
  • Dean's List or Honor Roll
  • top 20% SAT scores
  • top 20% PSAT scores
  • Home-schooled students may be eligible based on standardized exam results

Kirk La, assistant vice president of underwriting in GEICO's Virginia Beach office, notes that it pays to shop around. "We know new teen drivers are generally higher risks, but we can now look at certain characteristics that could mean lower rates for them. We're glad if we can provide our policyholders with even more savings."

He added that GEICO is at work to help keep teen drivers safe. "We offer teen safe driving information through our national speakers bureau and on our Web site. We've learned what it takes to be a safe driver and we tell everyone we can."

GEICO safe driving materials can be downloaded or ordered online at no cost at http://www.geico.com/information/safety/auto/safety-library/. For more information about all insurance discounts, go to http://www.geico.com/information/discounts/.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the third-largest private passenger auto insurer in the United States.* GEICO handles auto insurance coverage for 11 million private passenger auto policies and insures more than 17.5 million vehicles.

In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATVs), travel trailers and motor homes (RVs). Coverage for life, boats, homes and apartments is available through the GEICO Insurance Agency. Commercial auto insurance and personal umbrella protection are also available.

As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial strength by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to http://www.geico.com.

*A.M. Best

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