I failed a class in college and I didn't tell my family,

>>17985790
They dont raise the rates when you have low grades, they simply give discounts when you have higher grades. Same goes for highschool.

So, maybe your rates will increase since you cant continue to show a high gpa, assuming your parents have been taking advantage of the discount until now.

>>17985790

If you have a "good student" rider that has a minimum GPA as a floor, then yes it will increase your insurance. It's probably not some huge amount though, depending on your car - maybe $10-50 a month at most?

what the hell? insurance companies adjust premiums based on GPAs?

>>17985797
>>17985798
I never qualified for a discount because my unweighted GPA always lingered below 3.0. I'm more concerned about my parents finding out that I failed somehow, but it looks like I'm safe for now. I wonder how long I can keep this up.

>>17985799
Yeah, they consider you a higher liability if you're a bad student, pretty fucking gay.

>>17985799

They adjust premiums based on any factor that might make you more of a risk, as interpreted from the massive amounts of data that they buy and analyze.

If there's a strong correlation between bad students and risky behavior, then yes it can completely make sense to do so.

The thing is, though, that they don't "increase" your premiums for being a bad student, what they do is give you a discount for being a good student. If you're not a good student or if you start doing badly, then they take that discount off your premium.

Insurance companies can decide what to charge based on everything under the sun - marital status, home ownership, age, where you live, where you work, how much you drive, what car you have, how much OTHER PEOPLE have crashed that particular car, etc.

It's literally their job because they are essentially putting a price on your risk.

>>17985829
>Yeah, they consider you a higher liability if you're a bad student, pretty fucking gay.
Actually this is just hearsay apparently. I've had people tell me that but now that I'm looking into it that appears to be false.

>>17985839

He's got it the wrong way around. They consider you LESS of a liability if you're a good student.

Sure, if you're talking strictly about the $ amounts it doesn't matter either way but just to note that the motivation is different.