Best Car Insurance For College Students In 2023

Having the opportunity to drive to class makes college a fun experience for many students. The need for student auto insurance is very high because of this.

Earlier this year, a study found that teens performed better behind the wheel than older drivers. According to a study by the University of California at Los Angeles, teen drivers performed better than older drivers despite driving on California’s worst roads.

Hence, parents should ensure their children have an appropriate insurance policy to encourage them to drive. This article will look at some of the best car insurance policies for college students.

How Much Car Insurance Should a Student Have?

Students without sponsorship must carefully consider an affordable policy; most insurance packages aren’t cheap.

A college student pays about $105 in car insurance per month or about $1,257 a year. 

The cost of health insurance for teens is usually lower than that for college students. Young drivers typically pay higher car insurance rates than mature drivers because of their age and lack of driving experience.

Students may split this payment into months over a year according to the package they have selected.

You need to read this: How To Get Very Cheap Car Insurance With No Deposit

Can Students Pay Car Insurance Monthly?

In contrast to the current annual policy, monthly policies offer students more flexibility in their insurance options. There are various payment options available to you from different companies.

It is a great company that offers car insurance packages for college students through Marmalade.

They also provide two outstanding packages that students can choose from when they want an offer.

Among them are:

  • Pay as You Go Insurance – In this insurance, you pay for the miles you use
  • Student Car Insurance – In this package, you get cover from 1 to 6 weeks at a time

To get into these offers, you need to provide a few details about your car.

Can Students Get Cheaper Car Insurance?

Some students may have difficulty paying the fees, so insurance companies know this. Students receive discounts on auto insurance through partnerships with educational institutions and other partners.

You can use the money you save on insurance to meet other family or personal needs by taking advantage of discounts. 

Some of the available insurance discounts for college students include:

See Also: 10 Best Cheap Car Insurance In Florida

Anti-Theft Device Discount

When looking for a property, it’s a good idea to look up local crime statistics to pick a safe location and prepare for your new life.

When you’re driving your car to college, it might be a good time to invest in an anti-theft device.

This may lower your chances of having your belongings stolen and provide you with a discount on your auto insurance.

Discount for Good Grades

High school students who get good marks are eligible for a car insurance student discount. Unmarried, full-time students up to 25 receive this discount from most insurance companies.

Resident Student Discount 

If you park your car in your parents’ name while living on campus and leave it there while they’re away, you might be able to save a few dollars.

If your college is at least 49 km away, you may be eligible for the “resident student” discount because you won’t be driving the family car nearly as much once you’re away at school.

Multiple Policy Discount

For college students who rent an apartment and have their own motor insurance policy, bundling automobile and renters insurance policies may be more cost-effective.

Most insurance firms offer discounts to multi-policy customers.

How Does Car Insurance Work For Students?

Younger drivers, including younger college students, often pay more for car insurance than talented drivers. However, comparing rates and looking for discounts may help you save money.

Young drivers are more likely to be involved in a car accident, which is one of the reasons auto insurance firms charge them extra.

According to the Centers for Disease Control and Prevention, drivers aged 16 to 19 are nearly three times more likely than drivers aged 20 and older to be involved in a fatal collision.

Even if you’re a student, you might be able to save money on vehicle insurance.

See Also: 10 Best Cheap Car Insurance in New York (NY) 2023

What are the Considerations for College Student Car Insurance?

If you or your child is about to enter college, check your existing insurance policy to ensure it covers the coverage you need, whether you’ll be living on campus or commuting.

Consider where they will park a student’s car if they are driving to school. Consider complete coverage if it is frequently parked outside. It could assist pay for the vehicle to be replaced if it’s stolen or repaired if it’s been damaged by hail or vandalism.

For example, if the student would be driving to and from class, collision coverage may be a good option. If your car is damaged in a collision with another vehicle or item, it may pay for repairs.

Your lender will almost always need collision and comprehensive coverage if you’re leasing or financing a vehicle. If the student’s automobile is paid off, however, you may be able to reduce your car insurance prices by dropping one or both coverages.

Remember that if your automobile is damaged and you don’t have comprehensive or collision coverage, your insurance will not cover the cost of repairs.

Best Car Insurance for College Students

1. State Farm

State Farm’s good-student discount saves qualifying college students up to 25% on their yearly auto insurance. The eligibility requirements vary by jurisdiction, but most states require that the driver be a full-time student with a 3.0 GPA (out of 4.0).

The discount, thankfully, lasts until drivers reach the age of 25, even if they graduate from college before then.

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 upwards of 100 miles from home and keep their automobiles there can save money.

College students can only drive their cars 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.

The program allows drivers to review and improve their driving skills through training materials and self-logging of significant events that occur throughout their drives.

They are entitled to a discount if no violations or accidents occur during their vacation.

2. Geico

We considered Geico, the best inexpensive auto insurance 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, fraternities, and sororities can also get savings from Geico.

As a result, if you’re a university student participating on campus, you’re likely to qualify for low-cost auto insurance.

Get a quotation online by selecting the button above or chatting with an insurance agent to discover if you are eligible.

See also: 15 Best Cheap Car Insurance in New Jersey | 2023

3. Metromile

Drivers can enter their current auto insurance costs into Metromile’s pricing system to evaluate and determine whether switching companies make sense.

Your monthly premium will be made up of an essential expense and a per-mile fee, so driving less equals reduced insurance rates.

Metromile promises that its insurance will save you money if you travel less than 12,000 miles per year, which is the national average.

Metromile does not charge policyholders for driving more than 250 miles each day, depending on the state. If college students or novice drivers want to drive home or go on a road trip, they can think of this as limits on the number they can be charged.

Metromile will not charge drivers for more than 30 kilometers each 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 available Metromile.

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. Allstate

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 making 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 path 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 an extensive network of agents that can personally answer your issues. For college students who are inexperienced with the subtleties of their auto insurance coverage, this can be a tremendous help.

Allstate’s coverage is often among the most expensive among major insurers, so college students must be aware of this. As a result, student drivers should think carefully about balancing operational performance and price.

There are roughly 12,000 exclusive Allstate agencies around the country, so there’s undoubtedly one near you.

Finally, Allstate provides a terrific smartphone experience while providing excellent in-person help.

See Also: Allstate vs State Farm Insurance: Everything You Need To Know

5. Progressive

Progressive boasts above-average complaint and financial stability scores and outstanding discounts. However, the company’s customer satisfaction rating is ordinary. Progressive’s rates are neither inexpensive nor expensive for most drivers but costly for young drivers.

Unless you’re a novice driver, Progressive is neither cheap nor expensive, irrespective of your coverage level (minimum or full coverage) or if you already have a speeding fine.

Progressive’s auto insurance prices for young drivers are high, maybe because juvenile drivers lack expertise and are thus deemed hazardous.

Progressive offers reasonably priced vehicle insurance for drivers with minimum or full coverage and drivers who have received a traffic ticket.

On the other hand, Progressive is too expensive for inexperienced drivers or teenagers.

Though comparing policy rates from several companies is a good idea, pricing should not be the only consideration when looking for the cheapest auto insurance coverage. Client satisfaction and credit worthiness are other essential considerations.

6. Nationwide

Customer service at Nationwide is standard, and complaint resolution is above average. Nationwide’s insurance cost is neither exorbitant nor affordable when contrasted to most other insurers.

According to J.D. Power research, Nationwide receives an 822 out of 1,000 scores for customer satisfaction. Nationwide’s reputation in this area is somewhat worse than the industry average of 835. Therefore, it is slightly poorer than the average insurer.

These star ratings, which reflect how Nationwide ranks in various categories, were likewise based on J.D. Power’s data.

For most drivers, including those with full coverage, minimal coverage, drivers with offenses, and young drivers, nationwide insurance costs are moderate (neither expensive nor inexpensive).

Insurance providers are rarely open about how they price their auto insurance covers. Like the majority of insurance companies, Nationwide charges more for comprehensive coverage, young drivers, and those with traffic offenses.

See Also: How to Get Cheap Car Insurance in 2023


College student car insurance is typically more expensive due to the greater risk of accidents. However, with a study contradicting the idea that younger people drive carelessly, auto insurance packages for college students should reflect this.

You can depend on your parents until you turn 26 if you can’t meet the financial requirements for vehicle insurance as a college student.



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