Best #CAR INSURANCE Companies For College Students
All drivers need car insurance to financially protect themselves against liabilities and damages resulting from an accident. While car insurance for drivers 18 to 25 is typically much more expensive than for other age groups, college students often have an advantage: Many insurers offer student discounts based on grades and driver education.
Insurify researched insurance companies that provided a variety of student discounts to help you find the best car insurance for college students. For each carrier, Insurify assessed whether it gives a Good Student Discount, a Student Away at School Discount, a TeenSmart Discount, and a Driving Training Discount, and how big of a cut these discounts can provide.
The Best Car Insurance Companies For College Students Advertiser Disclosure. This article/post contains references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services. If you’re comparing only driving policies, Allstate might not be the most competitively priced insurance policy for a college student. However, if you combine an auto policy with renters insurance, college students can see significant savings with a multi-policy discount through Allstate.
The cost of car insurance for young and teenage drivers is high, and it’s still high even when those young drivers and teenage drivers are college students. The good news is that car insurance premiums tend to go down as you age, and once you reach age 25, you can expect to pay much lower car insurance rates and finally get cheap car insurance.
State Farm is the largest insurance company in the U.S. since they insure more cars and homes than any other carrier. In some states, State Farm offers a Steer Clear and Drive Safe & Save programs that offer discounts based on driving habits while helping young drivers learn to drive safely. And even if you already have a policy, it’s possible you can save money with a policy that’s designed for college students and young adults. Best Car Insurance Companies for College Students. A lot of car insurance companies offer special programs.
Good grade benefits on your car insurance policy don't stop when you graduate high school. Most insurance companies offer a good student discount for unmarried, full-time students up to age 25. Ask your agent whether you qualify for a discount on your car insurance bill if you continue to get good grades in your higher education studies.
Choosing the best car insurance for college students depends on a lot of factors. For example, who owns the car, where the student lives and how often he or she drives all come into play. As a college student, your insurance needs will vary dramatically depending on your exact situation. How to save and get the best cheap car insurance for college students The best way to save money on car insurance is to shop around and find the lowest rate. No two insurance companies will have identical prices for the same policy, and the difference in cost varies significantly among carriers.
Our #1 pick for the cheapest car insurance for college students is Allstate. The reason might surprise you. It's because Allstate has an awesome incentive program to combine renters insurance (which every college student needs) with their car insurance. And by combining your policies, you can save big bucks AND get more of what you need.
The best car insurance for you as a college student will provide protection not only for liability risks, but also for injuries, collisions and other types of risks to you and your vehicle. And it will provide all of those things at a price that that isn’t burdensome. Read our full GEICO review. GEICO's low rates and abundance of discounts make it what we consider the best cheap car insurance for college students. While quotes vary depending on where you live, we found that GEICO consistently offers college-aged drivers low auto insurance rates.
Fortunately, there are some ways to save, including discounts and coverage options targeted specifically toward college students. The Best Car Insurance Discounts for College Students. Most insurers offer something known as a Good Grades Discount. Students who achieve and maintain a GPA of 3.0 or more could save up to 25% with this discount.
Car insurance for college students is easy to find, but it’s not cheap. Adding an 18-year-old to a married couple’s policy adds $1,537 per year on average, according to a NerdWallet analysis. Below are rates from some of the best car insurance companies for college-aged drivers. With all other metrics constant, GEICO is the cheapest auto insurance company for college students. However, GEICO might not be the perfect match for you. You should always compare auto insurance quotes from as many companies as possible.
Most car insurance companies offer discounts for college students, but those vary. The savings generally range from 5 to 15 percent. College students who meet minimum grade requirements can get up to 25 percent off their rate. Some insurance companies, such as State Farm, maintain this discount until the person turns 25 -- even after graduation.
