College students have enough to worry about without having to take the time to research and find the car insurance that fits their budget. Finding the best car insurance for college students can be tricky, so we’ve put together this guide to help you make the most informed decision.
Read on to learn more about auto insurance for college students, how much car insurance costs for 18 to 20-year-old college students, and tips on finding low-cost coverage.
Car Insurance For College Students
As a college student, you have a lot on your plate. You’re trying to balance school, work, and social life. The last thing you want to worry about is your car insurance. But it’s important to ensure you have the right coverage in case of an accident.
-
Allstate
Allstate offers a variety of car insurance coverage options that can be tailored to fit your needs. They also have great discounts for college students, like a good student discount and a safe driver discount.
Allstate is a great option if you’re looking for the best car insurance for college students. They have coverage options to fit your needs and budget, and their discounts can help you save even more.
-
GEICO
College students need auto insurance. The best car insurance for college students is GEICO because it offers affordable rates, good coverage, and student discounts.
Getting car insurance is essential for college students because it protects them financially in the event of an accident. An accident can happen at any time, and if you’re not insured, you could be responsible for paying for repairs and medical bills.
GEICO is a good choice for college students because it offers affordable rates and good coverage. In addition, GEICO offers discounts for students who get good grades, take driver’s education courses, and more.
If you’re a college student who’s looking for auto insurance, make sure to get a quote from GEICO.
-
State Farm
There are a lot of different car insurance companies out there, so how do you know which is the best for you? We researched and found that State Farm is the best car insurance company for college students. Here’s why:
-
- They offer a good discount for good students.
- They have a wide variety of coverage options.
- They have a good reputation for customer service.
If you’re looking for the best car insurance for college students, State Farm is the way to go.
-
Metromile
Metromile is a pay-per-mile car insurance company that could be a great option for college students. With Metromile, you only pay for the miles you drive, so you could save a lot of money on your car insurance if you’re not driving much.
Metromile is also a great option if you don’t have a regular place to park your car, like if you’re living in a dorm or off-campus housing. With Metromile, you only pay for the miles you drive.
This can be a good option for college students who don’t have much extra money to spend on car insurance. You can also choose coverage levels to tailor your plan to your specific needs.
If you’re looking for an affordable and flexible car insurance option, Metromile may be worth considering.
$20 Down Payment Car Insurance
-
Auto-Owners
Auto-Owners Insurance is the best car insurance for college students. The company offers great discounts and coverage options for students, including a 20% discount for good students with a GPA of 3.0 or higher.
In addition, students who drive safe cars with low horsepower can save even more on their premiums. Auto-Owners Insurance is a great choice for college students looking for the best possible rates on their car insurance.
The company’s discounts and coverage options make it an excellent choice for students who want to save money on their premiums.
-
USAA
USAA offers affordable, comprehensive coverage for college students and their families. And with our easy-to-use mobile app, you can access your account and manage your policy on the go.
USAA is a trusted provider of car insurance, and they offer a variety of discounts for college students. So if you’re looking for the best car insurance for college students, USAA is a great option.
What Kind Of Car Insurance Do College Students Need?
Nearly all college students need car insurance, whether they own a car or not. If you own a car, you’ll need to purchase liability insurance, at the very least. If you don’t own a car but frequently drive someone else’s vehicle, you should consider purchasing non-owner liability insurance.
Consider a high-deductible policy if you’re looking for the cheapest possible option. This means that you will be responsible for paying a larger portion of any repairs or medical bills in the event of an accident, but your monthly premium will be lower.
Another option to consider is usage-based insurance, which charges rates based on how much you drive. This can be a good option for students who don’t use their vehicles very often.
Whatever type of policy you choose, make sure to shop around and compare rates from different insurers before making a final decision.
How To Find Affordable Coverage For College Students?
Most college students are on a tight budget and are always looking for ways to save money. Regarding car insurance, there are a few things college students can do to get the most affordable coverage possible.
Here are a few tips for finding affordable car insurance for college students:-
- Shop around and compare rates from different insurers.
- Consider getting a policy with higher deductibles.
- Take advantage of student discounts offered by some insurers.
- Look into pay-as-you-go or usage-based insurance plans.
- Ask about other discounts that may be available, such as good driver discounts or multi-policy discounts.
Common Discounts For College Students
Discounts are one way that insurers compete for business from college students. The discounts below are common among insurers and can save you money on your premium.
-
Good Student Discount
This discount is available to full-time students who maintain a GPA of 3.0 or higher. Some insurers require you to submit proof of your grades to qualify for the discount.
-
Multi-Policy Discount
If you have another policy with the same insurer, such as renters insurance, you may be eligible for a discount on your car insurance premium.
-
Driver Training Discount
Completing an approved driver training course can help you qualify for a discount, especially if you’re a young driver.
-
Low Mileage Discount
If you don’t drive very often, you can get a lower premium by agreeing to a low mileage limit.
Factors That Affect Car Insurance Rates For College Students
One of the most common questions we get from college students is how they can find the best car insurance rates. The answer isn’t always simple, as there are a variety of factors that can affect your premium.
Here’s a look at some of the things that insurers take into consideration when setting rates for college students:-
-
Your Location
Where you live can greatly impact your rates. If you’re attending school in a densely populated area, you’ll pay more for coverage than someone studying in a rural town. This is because there’s a greater chance of being involved in an accident in a city than in a smaller community.
-
The Type Of Vehicle You Drive
The car’s make and model will also be considered when calculating your rates. Vehicles considered high-performance or luxury models would cost more to insure than more economical options.
-
Your Driving History
Your past driving record will be one of the biggest factors that insurers look at when determining your rates. If you’ve been involved in accidents or received traffic violations, you can expect to pay more for coverage than someone with a clean driving record.
-
Your Credit Score
Many insurers now use your credit score to set rates. Studies have shown that those with higher credit scores are less likely to file claims, so they’re often offered lower premiums.
-
The Coverages You Choose
The types of coverages you buy and the deductible amounts you select will also impact your rates. Adding additional coverages or opting for higher deductibles can help lower your premium while reducing coverages or lowering deductibles can cause it to increase.
Ultimately, the best way to get the most affordable car insurance rates is to compare quotes from multiple insurers. Shopping around is one of the easiest ways to ensure you get the best deal for your needs.
Tips For Saving On Auto Insurance As A College Student
There are a few things college students can do to save on auto insurance. Here are a few tips:
-
Compare Rates From Different Insurers
There can be big differences in what companies charge for the same coverage, so it pays to shop around. College students should get quotes from at least three insurers before deciding.
-
Ask About Discounts
Many insurers offer discounts for good students, those who drive safely, and those who have taken defensive driving courses. Some companies also give breaks to customers who insure multiple vehicles with them. It never hurts to ask about discounts when getting quotes.
-
Consider A Higher Deductible
A higher deductible means lower premiums, but it also means that the student will have to pay more out of pocket if they do have an accident. This is a personal decision that each student will have to make based on their circumstances.
-
Buy Only The Coverage You Need
There are many types of auto insurance, and not all are required by law. If the student doesn’t think they need certain types of coverage, they shouldn’t waste their money buying it.
Which Car Insurance Plan Is Best?
The best car insurance plan for you will depend on several factors, including your budget, driving history, and the type of vehicle you drive.
If you’re looking for the cheapest option possible, consider getting a policy with liability-only coverage. This will protect you if you cause an accident and are found at fault. Remember that you will be responsible for any damages exceeding your coverage limit if you have an accident.
If you can afford to pay a bit more each month, adding comprehensive collision coverage to your policy will give you peace of mind in case of an accident or theft. Be sure to choose a deductible you can comfortably afford if you need to make a claim.
Should You Get A Separate Policy For Your Child Who Is A Full-Time Student?
As a college student, your child is likely on a tight budget. While some parents choose to keep their children on their auto insurance policy, this can be costly. Luckily, there are some options for college students looking for affordable car insurance.
If your child is a full-time student and lives away from home, they may be eligible for a separate policy. This type of policy is typically cheaper than adding them to your existing policy. However, it’s important to compare rates and coverage before making a decision.
There are a few things to remember when shopping for college student car insurance:-
- First, most companies offer discounts for good students. Your child must maintain a “B” average in school to qualify.
- Additionally, many insurers offer discounts for taking defensive driving courses or being involved in certain campus organizations.
- Another way to save on car insurance for college students is to encourage your child to drive an older, less expensive car. If they do have an accident, the damages will likely be less severe and less costly to repair.
- Finally, consider raising the deductible on their policy. This will lower the monthly premium but could mean paying more out-of-pocket if there is an accident.
No matter what type of car insurance you choose for your college student, make sure it meets their needs and fits into their budget. With a little research and planning, you can find affordable coverage that will give you peace of mind while your child is away at school.
Questions To Ask When Shopping For Car Insurance As A College Student
There are a few things to remember when shopping for car insurance as a college student. First, your parents’ insurance won’t cover you if you live away from home. You’ll need to find the policy that covers you while you’re away at school.
Second, don’t assume that the cheapest option is the best option. Be sure to compare different policies and find one that meets your needs and fits your budget.
Here are some questions to ask when shopping for car insurance as a college student:-
- What type of coverage do I need?
- Do I need to purchase collision or comprehensive coverage?
- What is the minimum amount of liability insurance required in my state?
- How much can I afford to pay per month for car insurance?
- Is there a discount if I get good grades or take a defensive driving course?
Conclusion:-
If you are a college student looking for car insurance, this guide has shown you the best options. With so many companies offering unique discounts and policies tailored to students, it is important to research before settling on one particular insurer.
By getting multiple quotes from various providers, we hope you have found the most competitive rates available to get the best coverage at an affordable price.
Don’t forget, if you purchase more than just liability coverage, ensure that it provides peace of mind by meeting all your needs as a student driver!
Frequently Asked Questions
Which insurance is best for the car after 3 years?
Again, there is no definitive answer here. It depends on your circumstances and what type of coverage you need. Many insurers offer discounts for drivers who have had an insurance policy for three years or longer, so it’s worth shopping around to see if you can get a better rate.
Can we skip car insurance for a year?
No. Driving without insurance is illegal in most states and could result in hefty fines or even jail time if caught driving without coverage. Before deciding to skip car insurance for a year, it’s important to weigh the risks versus the rewards.
At what age is car insurance cheapest?
Generally speaking, young drivers (under 25) will pay more for car insurance than older drivers due to increased risk factors associated with inexperience on the road. However, some insurers may offer special discounts for young drivers, depending on their academic record, driving history, and other factors. Ask your insurer about potential discounts before signing up for a policy.
What month is it best to buy a car?
The best times to buy a car are October, November, and December, depending on what type of vehicle you are looking for and whether you are buying a new or used one.
