Best Car Insurance for College Students
College students can save hundreds of dollars on
car insurance if they know how to compare rates.
Due to high rates for young drivers and
special student demands, finding
vehicle insurance for college students
can be challenging.
To make things easier, we’ve compiled a list of
the best student auto insurance carriers based
on a variety of factors, including pricing,
available discounts, and more.
Learn how college students can save money on
vehicle insurance by reading on
Is the cheapest insurance for college students.
Geico consistently offers low-
cost auto insurance for college students when
compared to other national insurance firms.
The average premium for a six-
month period is $2,326.
consider Geico to be the best inexpensive auto in
surance for college students because of its low
rates and several discounts.
While costs vary based on where you live,
we found that Geico regularly offers affordable
vehicle insurance rates to college-aged drivers.
Members of college-
focused organizations such as alumni clubs, frate
rnities, and sororities can also get savings from
As a result, if you’re a college student
participating on campus, you’re likely to
qualify for low-cost auto insurance.
2.Best for Discounts: State Farm
State Farm offers a variety of vehicle insurance
discounts to all of its customers, but some of the finest are reserved for student drivers.
The average premium for a six-month period is $3,168.
State Farm’s good-student discount saves eligible college students up to 25% on their annual auto insurance.
The eligibility requirements vary by state,
but most states require that the driver be a full-time student with a 3.0 GPA (out of 4.0).
Fortunately, the discount lasts until the driver
reaches the age of 25, even if they finish college
State Farm’s student away at school discount
is ideal for college students who don’t need a car because they live on campus.
Drivers who live more than 100 miles from home and keep their car there can save money.
College students can only drive their car while on vacation or during a holiday to qualify for the discount.
The Steer Clear program from State Farm allows all drivers under the age of 25 to save money on
their auto insurance.
Through training materials and self-logging of major events that occur during their
drives, the program allows drivers to review and improve their driving skills.
They are eligible for a discount if no violations
or accidents occur during their trip.
3. Best for Infrequent Drivers: Metromile
Metromile is a wonderful insurance provider
for college students who don’t drive very often
but still want the convenience of having a car
while they’re at school.
Premium for a six-month period:
It is dependent on the miles.
Drivers can enter their current auto insurance
costs into Metromile’s pricing system to compare and determine whether switching companies
Your monthly premium will be made up of a
basic cost and a per-mile fee, so driving less equals reduced
Metromile promises that its insurance will save
you money if you travel less than 12,000 miles
per year, which is the national average.
Depending on the state, Metromile does not
charge policyholders for driving more than 250 miles each day.
If college students or novice drivers want to
drive home or go on a road trip, they can think of this as a cap on the amount they can be charged.
Metromile will not charge drivers for more than
150 miles a day in New Jersey.
The most significant disadvantage of the
company is its restricted availability.
Arizona, California, Illinois, New Jersey, Oregon, Pennsylvania, Virginia, and Washington are the
only states where Metromile is now available.
If Metromile isn’t available in your area,
check with your insurance carrier about a low-mileage discount, which most vehicle insurance companies give.
4.Best Mobile Apps: Allstate
College students are constantly on the move,
so they require an insurer that offers sophisticated mobile apps.
Allstate has two options for drivers: Allstate
Mobile and QuickTrip.
The average cost of a 6-month premium is $5,234
Users may access their plan information, manage claims, and communicate with an insurance agent instantaneously using Allstate Mobile.
The best aspect is that you may file a claim
directly from the app.
This prevents you from having to make extended phone calls during an already stressful situation.
The QuickTrip app from Allstate is a trip
optimizer that saves time and mileage.
Drivers can add as many destinations as they
want, and the app will calculate the best
multistop route for the day.
This is a fantastic benefit for college students,
particularly those with busy schedules.
While Allstate has excellent mobile apps, it also
has a large network of agents who can personally answer your questions.
For college students who are inexperienced with the subtleties of their auto insurance coverage,
this can be a tremendous help.
Allstate’s coverage are often among the most
expensive among major insurers, so college
students should be aware of this.
As a result, student drivers should think carefully about how they balance service quality and cost.
There are approximately 12,000 exclusive Allstate agencies across the country, so there’s likely one near you.
Finally, Allstate provides a great mobile
experience while also providing excellent in-person support.
Car Insurance for College Students: How to Save Money
Consider the techniques outlined below to save money on student vehicle insurance whether you’re a college student with a car on campus or the parent of one.
It’s also worth noting that not all college students will pay the same amount for vehicle insurance, as younger drivers typically pay more.
An 18-year-old college student, for example, will almost
certainly pay substantially more than a
Keep the student on the parents’ policy
Having a college student on their parents’ policy should save the family money on auto insurance compared to purchasing a separate policy for the student, especially if the other members of the
family have clean driving records.
Because the parents are more likely to have a
longer history with the insurance company, auto policies in their names tend to be less expensive.
On the other hand, a college student on the
family policy may raise rates for the parents if they get into an accident while driving.
We recommend looking into price for a student’s individual insurance as well as a policy to add
them to (or keep them on) the family policy.
If students are going to college far away from
home, their insurer may compel them to get a separate insurance.
While some companies are more
accommodating to young drivers who remain
on their parents’ insurance, it is still critical to be open and honest.
If you file a claim on your parents’ policy and your insurer is unaware that you’ve moved out, they may deny your claim or cancel your coverage.
As a result, it’s usually better to talk to your
carrier about your alternatives.
Discounts for a student who will be driving less while on vacation.
If your child is attending college more than
100 miles away from home and does not have
access to a car, the following options are
available to the family:
You may be eligible for a discount if you are traveling away from home.
Alternatively, the student could be removed from the family policy for the duration of their
During spring and winter holidays, the student
can continue drive the car as long as they don’t drive for more than a set number of days in a
row, as stipulated by the insurance company.
You may also be eligible for a premium reduction based on the lower mileage because the student is now driving the car less or not at all.
Check with your insurance provider to see what
benefits are available for your policy.
Good grades earn you a discount.
According to insurance firms, good students
drive better, which is reflected in auto insurance premiums.
Most large insurance companies will provide full-time high school or college students who meet any of the following criteria a reduction on their
- Students must achieve or surpass a B or 3.0 GPA and rank in the top 20% of their class.
- Rank in the top 20% of your class on certain standardized exam results from the previous year.
It’s wise to inquire about any savings that your insurance company may offer to college students who maintain outstanding grades.
To save money on student vehicle insurance,
compare quotes from several firms.
Shopping around and comparing prices is one of the best methods to save money on auto insurance.
Auto insurance is a fiercely competitive sector,
with a slew of competitors in any given market.
As a result, it’s advisable to take your time collecting estimates to make sure you’re getting a good rate.
To get a feel of the amount you’re paying,
compare the quotations you receive to the average cost of auto insurance in your state.
Questions that are frequently asked
Who has the most affordable auto insurance for students?
At $388 per month, Geico has the best prices for
State Farm, on the other hand, offers the best
discounts, including those for good grades, driver training, and a “student away from home”
What is the cost of auto insurance for a college student aged 18?
If they have their own coverage and bring their
car to campus, a typical 18-year-old student pays roughly $299 per month for auto insurance.
However, by sharing a policy with your parents
or qualifying for discounts, such as one for good grades, you can lower your premiums.
The full coverage policy’s coverage levels, including liability insurance, are stated below.
These coverage levels are slightly greater than
the minimum coverage criteria in each state:
The study covered 23 insurance providers,
however we only included their rates in our
average costs and recommendations if their
plans were accessible in at least three of the
Insurance rate data from Quadrant Information
Services was used in investigation.
These rates were obtained from publicly
available insurer filings and should only be
used for comparison purposes; your individual
quotations may differ.
Note from the editor:
This article’s material is solely based on the
author’s personal ideas and suggestions.