Best Car Insurance for College Students in 2024 (Top 10 Companies Ranked)
The best car insurance for college students are Geico, State Farm, and Allstate. Geico offers the cheapest, at only $107 per month. For students attempting to find reputable yet low-priced coverage, these offerings supply flexibility, discounts, and comprehensive insurance.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Oct 29, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Oct 29, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
On This Page
Geico is the best car insurance for college students, with State Farm close behind. Geico stands out for its wide range of coverage options and competitive rates, making it the best choice for most students seeking reliable insurance.
State Farm has custom pricing for teen drivers and good installment options, so college students should be able to find an affordable policy. Delve into the specifics in our article “Best Good Student Car Insurance Discounts.”
Our Top 10 Company Picks: Best Car Insurance for College Students
Company Rank Student Discount A.M. Best Best For Jump to Pros/Cons
#1 15% A++ Good Student Geico
#2 25% B Affordable Rates State Farm
#3 20% A+ Bundle Policies Allstate
#4 10% A+ Multi-Policy Discounts Progressive
#5 15% A Accident Forgiveness Liberty Mutual
#6 15% A+ Vanishing Deductibles Nationwide
#7 25% A++ Away-at-School Discounts Travelers
#8 15% A+ Student-Focused Discounts Farmers
#9 20% A Safe-Driving Rewards American Family
#10 15% A Competitive Discounts Safeco
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#1 – Geico: Top Overall Pick
Pros
- Different Rates: Geico has some of the lowest rates available, which can save college students money. Expand your understanding with our “Geico Auto Insurance Review.”
- Most User-Friendly App: Geico college students can easily manage their policies from anywhere with the app.
- Good Student Discount: College students with an excellent academic record benefit from the discounts that make your coverage cheap.
Cons
- Fewer Local Agents: Geico has few local agents, so college students have options for face-to-face support.
- Expensive After Accidents: At-fault accidents could be costly for college students with Geico.
#2 – State Farm: Best Excellent Reliability
Pros
- Access to Support Nationwide: As a college student, you are not limited to using the support of an online agent.
- Student Discount: Good college students can expect savings from a student discount with State Farm. Gain deeper insights by exploring our “State Farm Insurance Review.”
- Usage-Based Options: State Farm’s Drive Safe & Save is a great college student auto insurance discount program that rewards safe drivers with lowered premiums.
Cons
- Expensive rates for new, young drivers: Young college students just learning to drive could pay more with State Farm.
- Narrow Discount Eligibility: Certain discounts are available to college students, but more complex (restricted) eligibility may prevent some savings.
#3 – Allstate: Best for Extensive Coverage
Pros
- Wide Range of Coverage Options: Allstate offers a variety of options, including a policy for every college student. Elevate your knowledge with our “Allstate Insurance Review.”
- Safe Driving Rewards: Allstate offers money-back reductions only for driving safely (college kids can get them, too).
- Allstate Mobile App: College students can receive and compare Allstate insurance quotes and service most of their policies through the convenience of an easy-to-operate mobile app.
Cons
- Highest Average Premiums: Allstate’s prices are among the prices that could be challenging for a starving student.
- Inconstant Customer Service: College students could also need more assistance, with blended reviews on buyer help being of high quality.
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#4 – Progressive: Best for Flexible Plans
Pros
- Customizable Coverage: Since Progressive offers base reductions, college students can modify coverage according to their budget and lifestyle.
- Snapshot Program Savings: Progressive offers savings when you enroll your student in their Snapshot program for safe driving, which is typical of auto insurers.
- Online Tools: The company’s website and app provide online tools for students to help with policy management.
Cons
- Inconsistent Customer Service: College students have reported mixed experiences with customer service for Progressive.
- Claims Can Raise Rates: College students who file claims may also see more significant rate increases. Get the full story by checking out our “Progressive Insurance Review.”
#5 – Liberty Mutual: Best for Great Discounts
Pros
- Lots of Discounts: Liberty Mutual offers quite some discounts that can make it cost-effective for college students. Find out more by reading our “Liberty Mutual Insurance Review.”
- Web Management: College students can manage their policies and make payments online or through Liberty Mutual’s app.
- Flexible Coverage Options: This provider offers flexible coverage plans suitable for the unique needs of college students.
Cons
- Higher Rates: College students will find higher rates in some locations
- Few Agents: Liberty Mutual has few brick-and-mortar support options, which makes getting in-person help from an agent hard for many college students.
#6 – Nationwide: Best for Value for Money
Pros
- Affordable Rates: Nationwide offers competitive rates that are budget-friendly for college students. For additional information, see our “Nationwide Car Insurance Discounts.”
- Accident Forgiveness Option: College students with Nationwide can add accident forgiveness to avoid premium hikes after an accident.
- Accessible Local Agents: Nationwide has many local agents, which is helpful for college students needing in-person assistance.
Cons
- Limited Online Tools: Nationwide’s online tools are less advanced, which may be a drawback for tech-savvy college students.
- Stricter Eligibility for Discounts: College students may need help qualifying for Nationwide discounts.
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#7 – Travelers: Best for Comprehensive Support
Pros
- Discounts for Good Grades: Travelers offers discounts to college students who maintain good grades. For supplementary details, see our “Travelers Car Insurance Review.”
- Reliable Customer Support: Travelers is known for solid customer service, providing reliable support to college students.
- Wide Range of Coverage Options: College students can choose many options to meet their needs.
Cons
- Higher Premiums After Claims: College students may see premiums rise significantly after filing a claim with Travelers.
- Fewer Mobile App Features: Travelers’ app has limited features, which may not meet all college students’ needs.
#8 – Farmers: Best for Reliable Discounts
Pros
- Good Student Discount: Farmers provide discounts for college students with good grades, helping reduce costs.
- Local Agents Available: Farmers’ extensive network of local agents supports college students. Enhance your comprehension with our “Farmers Insurance Review.”
- Accident Forgiveness Program: Farmers offers accident forgiveness, which benefits college students after a first accident.
Cons
- Higher Rates for New Drivers: College students new to driving might find Farmers’ premiums higher than expected.
- Limited Online Tools: Farmers’ digital tools may be less helpful for college students who prefer managing policies online.
#9 – American Family: Best for Flexible Plans
Pros
- Budget-Friendly Options: American Family offers affordable policies that are accessible for college students. Obtain further insights from our “American Family Car Insurance Review.”
- Good Grades Discount: College students with good grades can access discounts with American Family, reducing costs.
- Supportive Customer Service: American Family is known for good customer service, which benefits college students.
Cons
- Limited Availability in Some States: American Family isn’t available in all states, which can restrict college students’ options.
- Higher Rates for Non-Safe Drivers: College students with a history of traffic incidents may face higher premiums.
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#10 – Safeco: Best for Convenient for Tech-Savvy College Students
Pros
- Affordable Rates: Safeco offers competitive pricing, making it budget-friendly for college students. Our “Safeco Insurance Review” provides the complete picture.
- Robust Mobile App: With Safeco’s well-designed app, college students can easily manage their insurance.
- Discounts for Safe Driving: Safeco provides discounts for safe driving habits, helping college students save.
Cons
- Fewer Local Agents: College students may find in-person assistance limited with Safeco’s smaller agent network.
- Rate Increases After Claims: Filing a claim may increase significantly premiums for college students.
College Students Car Insurance Monthly Rates by Provider & Coverage Level
As many are college students, juggling their academic responsibilities and a limited budget makes finding the right car insurance challenging. This article shows a snapshot of average monthly premiums for minimum and full coverage by popular insurers offering the best student-specific discounts.
College Students Car Insurance Monthly Rates by Provider & Coverage Level
Insurance Company Minimum Coverage Full Coverage
$223 $519
$178 $414
$271 $629
$107 $254
$279 $626
$167 $387
$281 $662
$125 $292
$125 $284
$310 $740
When choosing the top car insurance for college students or just regular low-rate family auto insurance, you must consider coverage levels and discounts.
Car Insurance Discounts From the Top Providers for College Students| Insurance Company | Available Discounts |
|---|---|
 | Good Student Discount, Smart Student®, Multi-Policy, Safe Driving, Student Away at School |
 | Good Student Discount, Young Volunteer, Teen Safe Driver, Defensive Driving, Multi-Policy |
 | Good Student Discount, Distant Student, Safe Driver, Multi-Policy |
 | Good Student Discount, Multi-Policy, Defensive Driving, Safe Driver, Alumni Association Discount |
 | Good Student Discount, Student Away from Home, New Vehicle, Multi-Policy |
 | Good Student Discount, Defensive Driving, Accident-Free, Multi-Policy, SmartRide® |
 | Good Student Discount, Distant Student, Snapshot® Program, Multi-Policy, Safe Driving |
 | Good Student Discount, Distant Student, Multi-Policy, Accident-Free, Safe Driving Discount |
| Good Student Discount, Steer Clear® Safe Driver Program, Student Away at School, Multi-Policy, Safe Vehicle Discount |
 | Good Student Discount, Away at School Discount, IntelliDrive®, Multi-Policy, Safe Driver Discount |
Students can take advantage of the available options and choose wisely, saving them money and supporting their lifestyle needs without compromising on financial security. Dive into the details with our article, “Best College Student Car Insurance Discounts.”
Understanding Auto Insurance
It is crucial to have auto insurance when owning a vehicle and storing coverage, as an agreement between the policyholder (owner of the car covered) and the insurer, which policies towards providing financial protection in cases like accidents or damages. It pays for repairs, medical expenses, and other injury-related costs.
Heidi Mertlich Licensed Insurance Agent
It is essential to understand the types of coverage and liability that protect you if you’re at fault in an accident. This means that you should not be saddled with enormous financial responsibilities.
In contrast, comprehensive coverage protects against thefts, vandalism, or other incidents not involving a collision (such as natural disasters). This can be huge for college students who park their cars in an unfamiliar town with higher auto theft rates. Explore further in our article titled “Best Car Insurance for Students.”
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The Importance of Auto Insurance for College Students
College students need auto insurance if they use their vehicles to get around campus and attend classes, jobs, or social events. The absence of coverage can leave students bearing the costs associated with broken bones following an accident, advancements to cover for damages from legal fees after a crash, or even concerns that close down their possibility through mounting medical bills.
It gives peace of mind and acts as a barrier vs. accidents or theft. Many insurers have added features like roadside assistance to guarantee students aren’t stranded. Also, they will create a good insurance record by driving safely and might qualify for discounted prices in the future.
So, college students, here are a few points that make investing in auto insurance relevant and essential for all of you. For a comprehensive understanding, consult our article “Cheap Car Insurance for 17-Year-Old Drivers.”
Factors to Consider When Choosing Auto Insurance
Choosing the right auto insurance policy is crucial for protecting yourself and your vehicle. There are several factors that you should consider before making a decision. Let’s take a closer look at some of these factors:
Enhance your knowledge by reading our “Cheap Car Insurance for 16-Year-Old Drivers.”
Coverage Options
The coverage options available for auto insurance can vary greatly. Understanding what each policy offers and determining which one best suits your needs is essential. Some policies only provide the bare minimum coverage required by law, while others offer more extensive coverage, including comprehensive and collision insurance.
Comprehensive coverage protects you against non-collision incidents such as theft, vandalism, and natural disasters, while collision coverage covers damages from accidents. Evaluating your needs and choosing a policy that provides the right level of protection for you is crucial.
Cost of Premiums
Another crucial factor to consider when choosing auto insurance is the cost of premiums. College students often have tight budgets, so finding affordable insurance is essential. It’s a good idea to compare quotes from different insurers to find the best rates.
Tim Bain Licensed Insurance Agent
However, remember that cost shouldn’t be the only determining factor. Consider factors such as deductibles and discounts that can help lower your premiums. Sometimes, paying a slightly higher premium can give you better coverage and peace of mind.
Customer Service
Good customer service is invaluable when dealing with any insurance company. Look for insurers with positive reviews and a reputation for excellent customer service.
A company that provides prompt claims handling and responsive support can save you time and frustration in the event of an accident or claim. It’s worth taking the time to research and read customer reviews to ensure you choose an insurer that values its customers.
Claims Process
The claims process is another crucial aspect to consider when choosing auto insurance. Please find out how easy it is to file a claim and how efficiently the insurance company handles them. A smooth and hassle-free claims process can make all the difference during a stressful situation.
Look for insurers that have a streamlined process and offer support throughout the entire claims process. Being able to rely on your insurance company when you need them the most is essential.
By considering these factors when choosing auto insurance, you can make an informed decision that provides you with the right coverage, affordable premiums, excellent customer service, and a smooth claims process. Remember, the goal is to protect yourself and your vehicle, so take the time to research and compare different options before making a final decision.
Top Auto Insurance Companies for College Students
Now that we understand the factors to consider, let’s examine some of the top auto insurance companies for college students based on customer reviews and overall reputation.
Expand your understanding with our article, “Buying Car Insurance – What to Know Before You Buy.”
Geico
Geico is known for its low prices and the many discounts available to those with clean records; this provider could be ideal if you drive on a budget. The organization offers a mobile app that enables customers to manage their policies and claims from anywhere in the world, anytime.
Geico is known for the financial strength required to offer affordable auto insurance, along with a reputation for trusted service and customer focus.
State Farm
State Farm is known for its individualized service via a vast network of agents in local offices, offering personalized and detailed advice to ensure customers get the coverage they need. This company also provides many coverage choices, such as rideshare insurance, for people with different needs.
Furthermore, State Farm offers both a discount for bundling policies with the company and good driver discounts, which makes it an attractive option for those who want robust coverage paired with dedicated support.
Allstate
Allstate is an excellent choice for consumers who like to customize their insurance policies since they can tailor coverage that suits them ideally before making a purchase. Some of its unique benefits include accident forgiveness and its Drivewise program, which rewards policyholders with discounts for good driving.
If you are looking for security and customer support, Allstate, with its great financial track record, maybe a favorable choice for auto insurance.
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Tips for Lowering Auto Insurance Costs for Students
Managing your finances can be challenging as a student, especially regarding auto insurance. However, there are several strategies you can employ to lower your insurance costs without compromising on coverage. This article will explore valuable tips to help you save money while staying protected on the road.
Get a better grasp of the topic by checking out our article “Free Car Insurance Information, Advice & Online Quotes.”
Good Student Discounts
One of the most effective ways for students to lower their auto insurance costs is by taking advantage of good student discounts. Many insurance companies offer these discounts to students with a certain grade point average (GPA). By providing proof of your good academic standing, you can qualify for this discount and enjoy significant savings on your insurance premiums.
Defensive Driving Courses
Completing a defensive driving course is another effective strategy for lowering auto insurance premiums. These courses provide valuable knowledge and skills that can make you a safer driver on the road.
Justin Wright Licensed Insurance Agent
Insurance companies consider your commitment to improving your driving skills when assessing the level of risk you pose as a policyholder.
Choosing a Safe Vehicle for College Students
Regarding auto insurance, the type of vehicle you drive plays a significant role in determining your premiums. Cars with high safety ratings and advanced safety features are generally cheaper to insure. Therefore, it’s crucial to consider the safety aspects of a vehicle before making a purchase.
Opting for a vehicle with a good safety record protects you and your passengers and potentially saves you money on insurance. Insurance companies consider a vehicle’s safety features and crash test ratings when determining the risk of insuring it.
Choosing a safe car can reduce the likelihood of accidents and minimize the potential for costly insurance claims. Find out more by reading our article titled “Compare Online Car Insurance Quotes to Save Money.” See if you’re getting the best deal on car insurance by entering your ZIP code.
Frequently Asked Questions
Why is Geico a top choice for college students?
Geico offers low rates, discounts, and a user-friendly mobile app for policy management. Our article “Full Coverage Auto Insurance” will help you gain a deeper understanding.
What makes State Farm a good option for students?
State Farm provides custom pricing for young drivers and excellent reliability.
Does Allstate offer discounts for college students?
Yes, Allstate offers discounts like accident forgiveness and rewards for good driving.
Which insurance company offers the best flexible plans?
Progressive is known for offering flexible plans that suit various needs. Broaden your knowledge with our article named “Average Auto Insurance Rates by Age and Gender.”
How can students lower their car insurance premiums?
Taking defensive driving courses and maintaining good grades can reduce premiums.
Does Liberty Mutual provide discounts for students?
Yes, Liberty Mutual offers excellent discounts for college students. Ready to find cheaper car insurance coverage? Enter your ZIP code to begin.
What’s essential when choosing car insurance for students?
Consider coverage options, premiums, discounts, and customer service. Explore further with our article, “How do I know if I chose the right coverages?“
Is comprehensive coverage essential for students?
Yes, comprehensive coverage protects against theft, vandalism, and natural disasters.
How do bundling policies help students save money?
Bundling home and auto policies with the same insurer can reduce overall costs.
What is the cheapest car insurance for students?
Geico, State Farm, and Liberty Mutual are known for affordable rates. Gain insights by reading our article titled “Temporary Car Insurance and Pay As You Go Plans.”
How does State Farm’s customer service stand out?
State Farm has a vast network of agents providing personalized service.
Do all insurance companies offer roadside assistance for students?
Some insurers, like Geico and Allstate, offer roadside assistance as an additional feature.
What factors influence car insurance rates for students?
Rates depend on driving history, location, car type, and discounts. Our article “Get Low-Cost Car Insurance with Driver Discounts” will deepen your understanding.
How can students compare car insurance quotes easily?
Using online comparison tools can help students find the best rates quickly.
Which insurance company is best for tech-savvy students?
Safeco is great for tech-savvy students with its convenient mobile tools.
Why should college students have auto insurance?
It provides financial protection in case of accidents, theft, or damages. For further details, consult our article “Car Insurance for the Disabled.”
What are good student discounts?
These discounts are given to students maintaining a certain GPA, lowering their premiums. Take the first step toward cheaper car insurance rates. Enter your ZIP code to see how much you could save.
Enter your ZIP code below to compare cheap insurance rates.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.