The cost of car insurance for students has a lot to do with how you use your vehicle. If you’re driving many miles, for example, or if you plan on commuting to campus every day. Or maybe you just want the peace of mind from knowing that your vehicle is protected by good auto insurance coverage in case anything happens. Here are some tips for finding the cheapest auto insurance options available.
1. Allstate Auto Insurance
Allstate has low rates and offers discounts to students with good grades or a clean driving record. If you are an Allstate customer, there’s a chance that they will give you a discount on your insurance if you maintain a B average or higher in school. This is an excellent incentive for college students who want to save on auto insurance premiums.
The second advantage of using Allstate is that they offer the same discounts for young drivers as most other insurers, either 10% off or 25% off, depending on how safe it proves for them to drive under certain circumstances (i.e., with passengers vs. alone).
Suppose you take care of your car and don’t get into too many accidents while driving solo. In that case, you can be rewarded financially with lower premiums than students who regularly drive around with friends in their vehicles. Allstate is one of the best cheap auto insurance for college students.
2. GEICO Auto Insurance
College students can save money on car insurance by choosing GEICO as their auto insurance company. GEICO is one of the most popular auto insurance companies in the US, offering cheap car insurance for college students.
As a young adult, you may have fewer driving-related accidents than older drivers, but it’s still essential to get good grades and stay safe on the road while ensuring your car is well maintained. If you’re looking for cheap car insurance that saves money while offering protection when necessary, consider getting GEICO.
GEICO offers discounts to college students who maintain good grades and drive safely year round. Their discount plans are beautiful for people who want their cars insured at low rates without having any accidents or violations on their record, making GEICO one of the best cheap auto insurance for college students.
3. State Farm
State Farm is one of the largest auto insurers in the United States, with over 30 million customers and an A+ rating from A.M. Best (an independent rating agency). They offer competitive rates and excellent customer service to their clients, making them one of the best cheap auto insurance for college students. State Farm offers a variety of discounts for students, including:
- Student discount (5% off your premium)
- Good student discount (10% off your premium)
- Graduate student discount (15% off your premium)
- Driver education completion discount (10%)
4. Metromile Insurance
Metromile is an alternative to traditional car insurance. This pay-as-you-drive insurance company provides coverage for all drivers, even if they don’t own a car. Metromile is a good choice for college students who drive infrequently and want to save on their premium rates. To get started with Metromile, you’ll need to download their app and install it on your phone.
Once you have your account set up, you’ll receive an eVoucher that details how much money you owe them each month until your policy goes into effect (around two weeks after activation). After completing registration through the app or website and entering information about yourself (age range), vehicle(s), driving history, and habits into the system, it will calculate how much your coverage will cost based on these factors as well as the geographic location of where you live. Metromile is one of the best cheap auto insurance for college students.
5. Auto-Owners Insurance
Auto-Owners Insurance offers several discounts for college students looking for affordable car insurance. Students who receive good grades from their university or college can qualify for a $25 discount on their annual premium through Auto-Owners Insurance’s Student Driver program.
Students must maintain their good grade average throughout their academic career to continue receiving this discount throughout the rest of their life as insured drivers with Auto-Owners Insurance.
Auto-Owners Insurance also offers low rates for drivers with clean driving records who only drive an average of 10,000 miles per year (or less). Suppose you don’t exceed this mileage threshold and maintain a clean driving record with no-fault accidents or traffic violations within three years before applying for coverage with them. In that case, you may qualify for reduced rates based on your vehicle type and where it’s registered, making them one of the best cheap auto insurance for college students.
USAA is another excellent option for college students because of its military discounts and reasonable student insurance rates. The company discounts all active-duty military, reserves, and National Guard members, their families, and veterans. You can also get discounts if you’re a student who maintains good grades or attends an accredited university or college within the U.S., Canada, or Puerto Rico. USAA is one of the best cheap auto insurance for college students.
What Is the Average Car Insurance Cost for College Students?
While the average cost of car insurance for college students may vary from state to state and city to city, you can use some general numbers as a baseline.
The average cost of car insurance for college students is around $1,900 per year. It’s also worth mentioning that depending on where you live (and where your car is parked), it may be more expensive or less expensive than the national average. For example:
- You’ll pay more if you live in an urban area with higher crime rates or higher accident rates (such as Los Angeles)
- You’ll pay less if your vehicle has better safety features like anti-lock brakes or a lane departure prevention system (which prevents swerving into other lanes)
The Bottom Line
If you’re a college student, finding cheap auto insurance can feel like an impossible task. There are so many factors to consider, and the cost of car insurance is one of those factors. If you have good credit, it’s easier to find affordable rates that align with your budget than if you have bad credit or no credit at all.
Here’s a quick summary of the best cheap auto insurance for college students:
- Allstate Auto Insurance
- GEICO Auto Insurance
- State Farm Auto Insurance
- Metromile Auto Insurance
- Auto-Owners Insurance
- USAA Auto Insurance
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