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The Best Car Insurance for College Students in 2022

– Car Insurance for College Students –

Having a car in college can be a major convenience, but selecting car insurance for college students is difficult given varied discounts, rates, and features.

Car Insurance College Students

To simplify the process, we’ve put together a list of the best student car insurance companies across several criteria, including price, available discounts, and more.

Read about which companies we consider to have the best auto insurance for college students.

Cheapest Car Insurance for College Students

Finding car insurance for college students can be difficult, given the high rates for young drivers and unique student needs.

1. Geico

Geico’s low rates and abundance of discounts make it what we consider the best cheap car insurance company for college students.

While quotes vary depending on where you live, we found that Geico consistently offers college-aged drivers low auto insurance rates.

Geico also offers discounts to members of college-centered groups, like alumni associations, fraternities, and sororities.

So, if you’re a college student involved on campus, chances are you can receive good, discounted auto insurance rates.

2. State Farm

State Farm’s good-student discount offers up to 25% in annual auto insurance savings to eligible college students.

The eligibility requirements vary by state, but typically the driver must be a full-time student and have a grade point average of at least 3.0 (out of 4.0).

Fortunately, the discount lasts until drivers turn 25 years old, even if they graduate from college before then.

State Farm‘s student away-at-school discount is great for college students who live on a campus where a car isn’t necessary.

3. Metromile

Metromile’s quoting system allows drivers to enter their current auto insurance premiums so they can compare and see if switching companies make sense.

Your monthly premium will consist of a base cost plus a per-mile fee, which means less driving equals lower insurance costs.

Metromile claims that if you drive fewer than 12,000 miles per year, which is the national average, you will save money with its insurance.

READ ALSO!!!

5. Allstate

Allstate Mobile allows users to access their plan information, manage claims and instantly connect to an insurance agent.

You can file a claim right from the app, which we consider the best part. This saves you from long phone calls during what is usually a stressful time.

Allstate’s Quick Trip app is a trip optimizer, which saves time and mileage. Drivers can enter as many locations as they wish to visit, and the app will find the optimal multistep route for the day.

Best Car Insurance for College Students

While many of the best car insurance companies provide discounts to college students, some are more generous than others.

Below, our insurance editorial team rounded up five car insurance providers that offer lower-than-average rates to college-aged drivers on their parents’ policy (according to 2021 auto insurance rate data pulled from Quadrant Information Services).

1. Allstate

Although Allstate has the steepest premium on our list, college students may be able to apply discounts to bring down the cost of its auto insurance.

According to our data, on average, college students around the age of 18 can save $402 a year with Allstate by applying both a good student and distant student discounts.

College students who can maintain a GPA of at least 2.7 may qualify for a good student discount.

If your young driver is attending school at least 100 miles from their primary residence, they may also be eligible for a distant student discount.

Pros

Allstate offers money-saving programs such as Smart Student and teenSmart.

If your student qualifies for a good student and distant student discount, they could save $402 per year.

Cons

Allstate has the highest premiums for full coverage insurance on our list.

The company has the second-lowest Bankrate Score on our list.

2. Farmers

Students on their parents’ policy pay an average of $2,118 for their insurance each year with Farmers, the second-highest rate on our list.

Note that this rate reflects the added cost of a teen joining their parents’ policy.

Maintaining good grades or appearing on the Dean’s List or Honor Roll may result in savings, and so might attending college more than 100 miles from home without a vehicle.

By taking advantage of the distant student and good student discounts, an 18-year-old driver may save an average of $400 on their annual premium cost.

Pros

Students who make the Dean’s List or Honor Roll may be able to save.

Farmers offers a student discount.

Farmers’ youthful driver discount applies to any driver under 25 who is the child or grandchild of a policyholder.

Cons

Farmers’ insurance isn’t initially cheap for college students, on average.

The company has the second-highest full coverage premium on our list.

The company received more than average complaints filed with the NAIC.

3. Geico

If you’re looking for cheap car insurance, you may want to get a quote from Geico. Geico’s average annual cost for full coverage car insurance for 18-year-olds on their parents’ policy is $1,519, the lowest rate on our list.

By taking advantage of distant students and good student discounts, the average student rate comes down to $1,269 per year for full coverage.

College students may also be able to get other discounts to bring down the cost of the auto policy. Geico also offers discounts for membership in several organizations.

Pros

Geico offers discounts to more than 800 membership groups.

College students can qualify for good student or distant student discounts.

The company’s full coverage rate for college students without discounts is the lowest on our list.

Cons

Geico doesn’t offer a 24/7 helpline like some of its competitors.

Geico does not offer gap coverage.

The company received more complaints than average filed with the NAIC.

4. Progressive

Progressive’s average annual cost for full coverage car insurance for 18-year-olds on their parents’ policy is $1,727. Eligibility for its good student discount requires a “B” letter grade or higher.

In addition to the standard good student and distant student discounts, Progressive also offers Snapshot, a usage-based car insurance discount for infrequent and safe drivers.

To qualify for the distant student discount, college drivers must attend school at least 100 miles from their primary residence, be 22 years of age or younger and not have a vehicle with them at school.

Pros

Some college students drive infrequently.

Progressive allows drivers to pay based on usage.

The company offers good student and distant student discounts.

Cons

Progressive typically ranks lower than the industry average in customer satisfaction.

The company received more complaints filed with the NAIC than on average.

5. State Farm

Students with State Farm pay an average annual cost for full coverage car insurance of $1,615 a year when added to their parent’s policy, the second-lowest rate on our list.

State Farm offers up to 25% in annual savings for eligible college students who can maintain a GPA of at least 3.0.

Students attending school away from their primary residence without a car may also be eligible for a distant student discount.

Pros

State Farm has the second-lowest full coverage premium on our list, without discounts.

College students who qualify for both distant student and good student discounts save more than any other company on our list.

Cons

The company doesn’t offer gap insurance to its customers.

State Farm received more than average complaints filed with the NAIC.

Car Insurance College Students

USAA and State Farm were the cheapest auto insurance companies for college students on average, coming in at around $200 to $275 per month.

Insurance College Students

However, these companies might not be the perfect match for you. Auto insurance for college students is often expensive, but you want to get the right policy as well.

You should always compare auto insurance quotes from as many companies as possible. See below rates from some of the best car insurance companies for college-aged drivers.

Company

Avg. 6 Mo. Premium

Avg. Monthly Premium

Allstate

$2,474$412
Farmers$2,234

$372

GEICO

$1,896$316
Liberty Mutual$3,532

$589

Nationwide

$2,182$364
Progressive$2,221

$370

State Farm

$1,650$275
USAA$1,254

$209

READ ALSO!!!

Car Insurance For 19 Year Old College Student

If you’re a 19-year-old freshman or sophomore student buying your car insurance policy, you’ll find you get slightly cheaper rates than when you were 18 years old.

We found that the cheapest car insurance company on average for 19-year-old students is State Farm, for $2,462 per year.

However, Allstate and GEICO offered our sample driver very similar pricing, showing the importance of shopping around.

Company

Average Annual Rate

State Farm

$2,462

 

Allstate

 

$2,467

GEICO

$2,473

 

Progressive

 

$3,415

 

Nationwide

$3,521

 

Car Insurance for 20-Year-Old College Student

Rates continue to drop as students get older. If you’re a 20-year-old sophomore or junior looking for car insurance, we found that Allstate is the cheapest company on average;

It cost our sample student $2,180 per year. GEICO and State Farm are also competitively priced, as they are for other ages.

Company

Average Annual Rate

Allstate

$2,180

 

GEICO

 

$2,192

State Farm

$2,218

 

Progressive

 

$3,014

 

Nationwide

$3,038

Car Insurance for 21 Year Old College Student

Junior or senior students looking for cheap car insurance should start by getting a quote from GEICO.

Our sample 21-year-old driver paid an average of $1,695 per year, notably cheaper than Allstate or State Farm, the next-closest competitors.

Company

Average Annual Rate

GEICO

$1,695

 

Allstate

 

$1,793

 

State Farm

$1,936

 

Nationwide

 

$2,166

 

Progressive

$2,331

Best Car Insurance for College Students

Searching for the best cheapest car insurance for students is not a quick process; it requires time and research to find the best company for your needs.

While price is a driving factor, it’s also important to evaluate a car insurance company on its customer service and ease of use.

Regarding the price, it’s also important to examine every available discount, particularly those geared to both high school and college students. These could lead to big savings on your car insurance rates.

1. State Farm

A national fixture in the car insurance industry, State Farm has served teen drivers for many decades, providing affordable rates and quality customer service.

State Farm was consistently one of the cheapest companies for students who want to remain on their parent’s policy.

And for students aged 16 to 18 who need to buy an individual policy, it’s the cheapest option on average by far.

2. Best Student Car Insurance for Discounts: State Farm

While State Farm offers several discounts, such as multi-vehicle discounts and discounts for bundling home and auto insurance;

The company also offers several discounts that could help students lower their base rates, which are already cheap.

Based on our analysis, State Farm is one of the best carriers for home and auto insurance bundles.

3. USAA

USAA specifically caters to active and retired members of the military and their families, so their car insurance products are not available to everyone.

For those who do qualify, they offer some of the lowest car insurance rates available for all drivers, including students.

With an AM Best “A++” financial strength rating, the company can deliver on its customer’s claims.

3. Allstate

Not surprisingly, today’s student drivers are well-versed in using technology, and they often prefer to use that technology to conduct their business.

With Allstate Mobile, they will have control over their car insurance policy in the palm of their hand.

Using the app, they can access digital proof of insurance cards, view their policy documents, file a claim with QuickFoto Claim, access roadside assistance, pay their premiums, and contact their agent.

They also can access Drivewise, which monitors their driving behavior and rewards good driving habits with additional savings.

Car Insurance for College Students

Car Insurance

But you may be able to reduce your costs by staying on a parent’s policy, working with an insurance company that offers insurance discounts to younger drivers, or limiting how much you drive.

One of the reasons car insurance companies tend to charge young drivers more is because they’re considered more likely to be in a car crash.

Drivers ages 16 to 19 are almost three times more likely than drivers ages 20 and older to get into a fatal accident, according to the Centers for Disease Control and Prevention.

So before you head off to school, here are three things to know as you consider your insurance options and potential ways to save on coverage.

1. College Students May Be Able to stay on a Parent’s Policy

One way to keep your auto insurance rates down is to stay on a parent’s policy. This may be possible even if you go to school out of state — as long one of your parents is listed on the title of the car you drive.

But if you have your car and you’re the only person listed on the title, you’ll probably have to get a separate policy, which typically costs more.

If you plan to live at home while attending college, you may be able to stay on a parent’s policy if you don’t own the vehicle you’ll be driving.

2. College Students, As Younger Drivers, Typically Pay More For Car Insurance

While insurance providers typically charge younger drivers, like college students, higher car insurance rates, the amount you’ll pay depends on many factors. But remember:

If you can stay on a parent’s policy, you’ll typically pay less.

If you need to have a car at school and staying on a parent’s policy isn’t an option, buying your policy can be expensive. Here are a few of the factors that can influence your rates.

Location: Auto insurance companies establish rates based on where the car is located. If your vehicle is in an urban area, rates may be higher than if it were in the suburbs or a rural area.

Age: Typically, the younger you are, the higher your rates will be. Insurance premiums tend to drop significantly after you turn 25 if you have a decent driving record.

How much you drive: In general, the more you drive, the higher your insurance premium will be because you’re more likely to get into an accident.

If you don’t plan to drive much while you’re at school, a pay-per-mile policy might save you money.

3. College Students May Be Able To Get Discounts on Car Insurance

Although some factors that affect rates, such as your age are out of your control, there are things you can do to reduce your cost.

Many companies offer a variety of car insurance discounts you may be able to take advantage of. Here are some examples, though these can vary by insurance provider and state.

Resident student discount: if you’re going away to school but plan to keep your car at home and remain on a parent’s policy, your parent may be able to get a discount since you won’t be driving much.

Good-student discount: If you hit the books and maintain a certain GPA (this can vary by the insurance company), you could qualify for a good-grade discount.

Multiple policy discount: Insurance companies often offer discounts to people who purchase more than one policy, such as an auto policy and renters insurance.

Anti-theft device discount: If you take extra steps to protect your car from being stolen, like installing a car alarm, you may qualify for a reduced rate.

Driver training discount: If you’re under 21 and take a course in safe driving or driver education, you may qualify for a discount.

Organization member discount: Some car insurance companies offer discounts to members of certain fraternities, sororities, honor societies, or other student organizations.

Car Insurance for High School Students

Buying car insurance as a high school student raises some important considerations — namely when a student should be added to the family policy, and how much it will cost.

Car insurance companies use your driving record as a rating factor when determining rates. On average, adding a teen driver to a car insurance policy will increase the premium by more than $100 per month.

Given their lack of driving experience and tendency to take risks behind the wheel, teen drivers are seen as very risky, and expensive insurance clients.

A Straight Life Policy Has What Type of Premium

A teen driver should typically be added to their parent’s insurance policy once they’re licensed and using a vehicle.

Some states require teens to be added to their family’s car insurance policy if:

1. They have a learner’s permit

2. They are of driving age but not licensed (usually listed as a non-chargeable excluded driver)

Cheap Car Insurance Options For High School Students

The next and probably more prevalent concern for car insurance for high scholars is cost.

Because of their lack of driving experience, teenagers are the most expensive age group to insure. If you’re looking for affordable car insurance for your high school-aged driver, start with USAA.

If you don’t qualify for USAA coverage, consider State Farm.

Company

Avg. 6 Mo. Premium

Avg. Monthly Premium

Allstate

$3,681$614
Farmers$4,084

$681

GEICO

$2,868$478
Liberty Mutual$4,443

$741

Nationwide

$2,959$493
Progressive$4,515

$752

State Farm

$2,572$429
USAA$2,129

$355

READ ALSO!!!

Auto Insurance For College Students

See discounts specific to younger drivers or students, along with usage-based telematics programs on offer from some top insurance companies below.

Car Insurance Company

Student Discounts

Telematics Programs

Allstate

Good student, safe driving program, student away from homeDrivewise
FarmersGood student

Signal

GEICO

Good student, driver education courseDriveEasy
Liberty MutualGood student, student away at school

RightTrack, ByMile

Nationwide

Good studentSmartRide
ProgressiveGood student

Snapshot

State Farm

Good student, driver training, student away at school

Steer Clear, Safe & Save

USAA

Good student, driver training

SafePilot

College Student Car Insurance

If you’re a college student with a car on campus or the parent of one, consider the methods listed below as a way to save money on student car insurance.

College Student

It’s also worth recognizing that not all college students will pay the same amount for car insurance, as younger drivers tend to pay more than older drivers.

For example, an 18-year-old college student will likely pay significantly more than a 25-year-old.

Age

Six-month premium

18

$3,590
19

$3,009

20

$2,667
21

$2,227

22

$2,064
23

$1,920

24

$1,799
25

$1,604

FAQs on Car Insurance College Student

Faqs asked about college care insurance


1. How to afford a car and insurance in college?

Buy a Used Car

Start Saving Early

Boost Your Credit Score

Secure a Steady Income

Get a Cosigner

Shop at a Dealership


2. Do all licensed drivers in a household have to be insured?

Your auto insurance policy must list all licensed drivers living in your household who are related to you by blood, marriage, or adoption;

Including drivers already covered by their own insurance policies. You should also list any person who occasionally drives your car.


Why is car insurance so high for young drivers?

Younger drivers generally have more car accidents because they have less experience. As a result, they’re more expensive to insure. Younger drivers also tend to shop around more for car insurance.

Research shows that due to a lack of experience behind the wheel, young drivers get into more accidents than the average adult, which puts young drivers into a higher risk category.

This is the primary reason why young drivers pay a much higher premium for their insurance.


3. What is the cheapest car insurance for drivers under 25?

According to our research, GEICO generally has the cheapest car insurance rates for drivers under 25, with one notable exception.


4. What is some cheap car insurance for first-time drivers?

The cheapest car to insure for a first-time driver is the Subaru Forester.


What is the cheapest car insurance for a 17-year-old?

State Farm $3,213

GEICO $4,060

Allstate $4,287

Nationwide $4,433


5. Will my car insurance increase if my 16-year-old gets a license?

So, teen drivers are riskier to insure and get charged higher rates, even when they have a clean driving record.”

According to the new Coverage study, parents can expect their auto insurance premiums to increase by approximately 130% when adding a 16-year-old teen driver.


6. How long can you stay on your parents’ car insurance?

There’s no age limit to stay on your parents’ auto policy · You must live at home to qualify · Premiums usually drop when you turn 25 years old.

Unlike health insurance, there is no age limit when it comes to car insurance. As long as your parents’ home is your permanent residence, you can remain on their insurance as a listed driver.


How to get a State Farm Good Student Discount?

Students with solid grades may qualify for a good student discount.


7. Can I take my college student off my car insurance?

Yes, you can! Parents can keep insurance on their college student’s car, even if they attend school in another state.

Many auto insurance companies will allow you to remove a child who has left for college — as long as the school they’re attending is over 100 miles away.

It is always a good idea to update your insurance provider when your child is leaving for college, even if you plan to keep them on your policy.


8. What are some loopholes to getting car insurance at a cheap price?

Shop around

Before you buy a car, compare insurance costs

Ask for higher deductibles

Reduce coverage on older cars

Buy your homeowners and auto coverage from the same insurer

Maintain a good credit record.


Why does your car insurance rate go down after you turn 25?

Drivers under the age of 25 are statistically more likely to cause an accident and file an insurance claim, so insurance companies mitigate this risk by charging higher premiums.


9. What is the lowest cost of auto insurance in NYC?

State Farm, $3,431, $286

Allstate, $4,172, $348

Travelers, $5,077, $423


10. Can you get your car insurance at 16?

Yes, a 16 year-old can purchase their own car insurance policy. However, along with it being more expensive, there will likely be an extra step in the process.

They’ll probably need to have a parent approve or cosign the agreement, as minors can’t sign legally binding contracts.


How much is car insurance

The average cost of car insurance is $1,655 per year for full coverage, according to 2022 rate data.


11. What hacks can I make to get cheaper car insurance (UK)?

Shop around to compare rates.

Bundle policies for additional savings.

Park your car in a garage.

Show off your good driving habits.

Increase your deductibles.

Pay your premium annually.

Take advantage of group rates.

Buy a car that’s cheap to insure.


12. Is it legal for a high school to prohibit students from driving cars?

If they have their restrictions it allows them to and from work or school But otherwise, it would be illegal.


I believe this information was helpful, don’t hesitate to share it with friends. Keep your comment coming on the box.

CSN Team.

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