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Best Car Insurance for College Students (Discounts & More)

Enter your zip code below to view companies that have cheap auto insurance rates.

Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 24, 2021

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Key Takeaways

  • AAA has the lowest rates for college students
  • Discounts are available for college students
  • It might be cheaper to stay on your family’s plan

It can be challenging to find cheap car insurance for college students. However, affordable coverage is available if you know where to look. When comparing companies, you’ll find that AAA has the lowest rates, which you can decrease through discounts.

Learning more about the best car insurance companies for college students will help you find the most affordable policy.

Before learning about the best car insurance companies for college students, enter your ZIP code to get free car insurance quotes in your area.

How much is coverage from the best car insurance companies for college students?

Car insurance companies apply higher rates to young drivers because they’re more likely to get into accidents. Most college students are between 18 and 21 years old, resulting in some of the highest rates.

Comparing the rates from the best car insurance companies for college students will help you find an affordable plan. The following chart shows the average annual car insurance rates for college students by company.

Average Annual Rates from the Best Car Insurance Companies for College Students
CompanyAverage Annual Car Insurance Rates for College Students
AAA$792
Allstate$1,268
Esurance$987
GEICO$973
Liberty Mutual$1,228
Progressive$1,004
State Farm$1,251
The Hartford$1,293
Travelers$879
USAA$879
Get Your Rates Quote Now
Compare RatesStart Now →

As you can see, AAA has the lowest average rates for college students. Additionally, most top car insurance companies provide lower rates than the average for college students at $104/mo ($1,257/yr).

For those looking to stick with their parents’ policy while they attend college, GEICO car insurance for college students has the lowest rates with an annual average of $210/mo ($2,526/yr).

What discounts are available from the best car insurance companies for college students?

The best car insurance companies rates for college students are generally higher because of their ages. Fortunately, you can use various discounts to lower your monthly rates and make coverage more affordable.

Three discounts are specifically for college students. First, a good student discount is available for college students that can maintain a B average. Companies consider students who get good grades to be more responsible and less likely to get into accidents.

This discount is the easiest for a college student to obtain. But what insurance companies offer good student discounts? Fortunately, you’ll find that most companies provide this deal. However, it would be best if you asked about its availability when considering companies.

If the student leaves their car and attends school at least 100 miles from home, they are eligible for a discount for students away from home. This deal allows students to retain coverage at a cheaper rate since they won’t be driving regularly.

The multi-policy discount provides savings for those that bundle policies with the same company. A college student that rents an apartment can bundle their car and renters insurance to save money.

In addition to these college student discounts, car insurance companies provide various saving opportunities for all drivers. Some of these deals include:

  • Paid in full
  • Autopay
  • Good driver
  • Low mileage
  • Anti-theft device
  • Anti-lock brakes
  • Defensive driver

Combining as many discounts as possible will allow you to lower your car insurance rates to a more manageable level.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

What is covered by the best car insurance companies for college students?

If a college student has a separate car insurance policy, it’s probably the first time. For this reason, it’s essential to know the four primary types of car insurance. These coverages include:

  • Bodily injury liability (BI): Covers the other person’s medical bills when you’re at fault for an accident.
  • Property damage liability (PD): Covers damage to the other driver’s vehicle or other property when you’re at fault for an accident.
  • Collision: Covers damage to your car when you’re at fault for an accident.
  • Comprehensive: Covers damage to your car caused by incidents other than an accident, like vandalism, theft, weather, fire, and wildlife interaction.

Most states require drivers to carry bodily injury and property damage liability insurance when operating a vehicle. Additionally, some states require that drivers have collision and comprehensive coverage, known together as no-fault insurance.

College students should already have the required coverage in their home state but should also know what coverage they need to attend school. This knowledge will ensure that they have the necessary protection in the states they’ll be driving in most frequently.

The Insurance Information Institute provides some more information on choosing the proper coverage.

What is not covered by car insurance?

While car insurance covers most incidents involving a vehicle, there are some situations in which you might not have coverage. Some of these coverages include:

  • Roadside assistance: Tows your car if it breaks down, provides gas, and changes tires.
  • Repairs and rentals: If your car becomes undrivable, it might be covered by the warranty but not by your car insurance.
  • Personal property theft: Car insurance usually doesn’t cover personal property stolen out of your car. However, homeowners or renters insurance might cover your personal property.

While your car insurance plan won’t cover these situations, you might be able to add them to your policy for an additional fee. Most insurance companies offer these services as options you can include in your policy.

Adding these options to your policy will increase the best car insurance companies quotes for college students.

Key Takeaways

  • AAA has the lowest rates for college students
  • Discounts are available for college students
  • It might be cheaper to stay on your family’s plan

It can be challenging to find cheap car insurance for college students. However, affordable coverage is available if you know where to look. When comparing companies, you’ll find that AAA has the lowest rates, which you can decrease through discounts.

Learning more about the best car insurance companies for college students will help you find the most affordable policy.

Before learning about the best car insurance companies for college students, enter your ZIP code to get free car insurance quotes in your area.

How much is coverage from the best car insurance companies for college students?

Car insurance companies apply higher rates to young drivers because they’re more likely to get into accidents. Most college students are between 18 and 21 years old, resulting in some of the highest rates.

Comparing the rates from the best car insurance companies for college students will help you find an affordable plan. The following chart shows the average annual car insurance rates for college students by company.

Average Annual Rates from the Best Car Insurance Companies for College Students
CompanyAverage Annual Car Insurance Rates for College Students
AAA$792
Allstate$1,268
Esurance$987
GEICO$973
Liberty Mutual$1,228
Progressive$1,004
State Farm$1,251
The Hartford$1,293
Travelers$879
USAA$879
Get Your Rates Quote Now
Compare RatesStart Now →

As you can see, AAA has the lowest average rates for college students. Additionally, most top car insurance companies provide lower rates than the average for college students at $104/mo ($1,257/yr).

For those looking to stick with their parents’ policy while they attend college, GEICO car insurance for college students has the lowest rates with an annual average of $210/mo ($2,526/yr).

What discounts are available from the best car insurance companies for college students?

The best car insurance companies rates for college students are generally higher because of their ages. Fortunately, you can use various discounts to lower your monthly rates and make coverage more affordable.

Three discounts are specifically for college students. First, a good student discount is available for college students that can maintain a B average. Companies consider students who get good grades to be more responsible and less likely to get into accidents.

This discount is the easiest for a college student to obtain. But what insurance companies offer good student discounts? Fortunately, you’ll find that most companies provide this deal. However, it would be best if you asked about its availability when considering companies.

If the student leaves their car and attends school at least 100 miles from home, they are eligible for a discount for students away from home. This deal allows students to retain coverage at a cheaper rate since they won’t be driving regularly.

The multi-policy discount provides savings for those that bundle policies with the same company. A college student that rents an apartment can bundle their car and renters insurance to save money.

In addition to these college student discounts, car insurance companies provide various saving opportunities for all drivers. Some of these deals include:

  • Paid in full
  • Autopay
  • Good driver
  • Low mileage
  • Anti-theft device
  • Anti-lock brakes
  • Defensive driver

Combining as many discounts as possible will allow you to lower your car insurance rates to a more manageable level.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

What is covered by the best car insurance companies for college students?

If a college student has a separate car insurance policy, it’s probably the first time. For this reason, it’s essential to know the four primary types of carinsurance. These coverages include:

  • Bodily injury liability (BI): Covers the other person’s medical bills when you’re at fault for an accident.
  • Property damage liability (PD): Covers damage to the other driver’s vehicle or other property when you’re at fault for an accident.
  • Collision: Covers damage to your car when you’re at fault for an accident.
  • Comprehensive: Covers damage to your car caused by incidents other than an accident, like vandalism, theft, weather, fire, and wildlife interaction.

Most states require drivers to carry bodily injury and property damage liability insurance when operating a vehicle. Additionally, some states require that drivers have collision and comprehensive coverage, known together as no-fault insurance.

College students should already have the required coverage in their home state but should also know what coverage they need to attend school. This knowledge will ensure that they have the necessary protection in the states they’ll be driving in most frequently.

The Insurance Information Institute provides some more information on choosing the proper coverage.

What is not covered by car insurance?

While car insurance covers most incidents involving a vehicle, there are some situations in which you might not have coverage. Some of these coverages include:

  • Roadside assistance: Tows your car if it breaks down, provides gas, and changes tires.
  • Repairs and rentals: If your car becomes undrivable, it might be covered by the warranty but not by your car insurance.
  • Personal property theft: Car insurance usually doesn’t cover personal property stolen out of your car. However, homeowners or renters insurance might cover your personal property.

While your car insurance plan won’t cover these situations, you might be able to add them to your policy for an additional fee. Most insurance companies offer these services as options you can include in your policy.

Adding these options to your policy will increase the best car insurance companies quotes for college students.

Do you need coverage from the best car insurance companies for college students?

Now that you know about the best insurance for college students, you might be wondering if you need it. The first step in determining if you need the cheapest car insurance for college students is to decide if you even need your car at school.

In some cases, you might not be allowed to have your car at school. For example, many colleges don’t allow first-year students to bring their vehicles. If you can’t take your car to school, you won’t need car insurance.

If you are allowed to have your car at school, you’ll need to be aware of the six significant expenses of driving your vehicle:

  • Fuel
  • Financing
  • Depreciation
  • Insurance
  • Maintenance
  • Licensing, registration, and taxes

Additionally, college students will likely need to purchase a parking pass to park on campus. This fee adds to the total expenses of driving a car while you’re in college.

If you take your car to college, you’ll need to carry insurance in 48 states. Virginia and New Hampshire don’t require drivers to carry insurance, but Virginia requires uninsured motorists to pay a $500 fee. However, you should always have insurance if you plan on driving.

Should you stay on your parents’ plan or have a separate policy?

If you take your car to school, you have the option of remaining on your parents’ plan or purchasing a separate policy.

Most carriers allow college students to stay under their parents’ policy in three scenarios:

  • First, the car title is in your parents’ name.
  • Second, you live with your parents while you’re in school.
  • Third, you live at school but share a permanent address with your parents.

In most cases, it’s cheaper to stay on your parents’ plan because rates are so high for young drivers. However, there are situations in which it can be cheaper to have a separate policy, even as a young driver. These situations include:

  • Your parents live in a big city, but you attend school in a small town: Insurance is cheaper in small towns because there is less traffic.
  • You have a spotty driving record: If you get a ticket or are at fault for an accident, the rates increase for everyone on the policy. It can be cheaper for everyone to have different plans.
  • Someone in your family has a spotty driving record: Like your record, someone else in your family with a spotty driving record can increase your rates.

Some college students might consider sharing their car with friends. However, this is usually a bad idea as coverage follows the vehicle instead of the driver. As a result, your car insurance rates will increase if your friend gets into an accident.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

How can you find the best car insurance companies for college students?

If you take your car to college, you need insurance. But how do you find the best affordable car insurance companies for college students? The following tips will help you get the best coverage for the lowest price.

  • Compare Quotes: Comparing car insurance quotes is important for all drivers, but even more so for college students because their age causes them to pay more.
  • Take Advantage of Discounts: Combining discounts will help you lower your rates.
  • Evaluate Your Coverage Options: Consider how much coverage you need and if it exceeds the value of your car.
  • Determine If It’s Cheaper to Stay on Your Family’s Policy: In some cases, it might be cheaper to stay on your family’s policy than to purchase an individual plan.

The key to finding the best coverage and lowest rates is research. Completing these steps will ensure that you get the most affordable coverage.

Best Car Insurance Companies for College Students: The Bottom Line

If you’re taking your car to college, you might wonder which insurance company provides the most affordable coverage. AAA has the lowest rates for a separate policy, but GEICO is best for those staying on the parents’ plan.

Knowing the best car insurance companies for college students will ensure that you get the right coverage for an affordable price.

Do you need coverage from the best car insurance companies for college students?

Now that you know about the best insurance for college students, you might be wondering if you need it. The first step in determining if you need the cheapest car insurance for college students is to decide if you even need your car at school.

In some cases, you might not be allowed to have your car at school. For example, many colleges don’t allow first-year students to bring their vehicles. If you can’t take your car to school, you won’t need car insurance.

If you are allowed to have your car at school, you’ll need to be aware of the six significant expenses of driving your vehicle:

  • Fuel
  • Financing
  • Depreciation
  • Insurance
  • Maintenance
  • Licensing, registration, and taxes

Additionally, college students will likely need to purchase a parking pass to park on campus. This fee adds to the total expenses of driving a car while you’re in college.

If you take your car to college, you’ll need to carry insurance in 48 states. Virginia and New Hampshire don’t require drivers to carry insurance, but Virginia requires uninsured motorists to pay a $500 fee. However, you should always have insurance if you plan on driving.

Should you stay on your parents’ plan or have a separate policy?

If you take your car to school, you have the option of remaining on your parents’ plan or purchasing a separate policy.

Most carriers allow college students to stay under their parents’ policy in three scenarios:

  • First, the car title is in your parents’ name.
  • Second, you live with your parents while you’re in school.
  • Third, you live at school but share a permanent address with your parents.

In most cases, it’s cheaper to stay on your parents’ plan because rates are so high for young drivers. However, there are situations in which it can be cheaper to have a separate policy, even as a young driver. These situations include:

  • Your parents live in a big city, but you attend school in a small town: Insurance is cheaper in small towns because there is less traffic.
  • You have a spotty driving record: If you get a ticket or are at fault for an accident, the rates increase for everyone on the policy. It can be cheaper for everyone to have different plans.
  • Someone in your family has a spotty driving record: Like your record, someone else in your family with a spotty driving record can increase your rates.

Some college students might consider sharing their car with friends. However, this is usually a bad idea as coverage follows the vehicle instead of the driver. As a result, your car insurance rates will increase if your friend gets into an accident.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

How can you find the best car insurance companies for college students?

If you take your car to college, you need insurance. But how do you find the best affordable car insurance companies for college students? The following tips will help you get the best coverage for the lowest price.

  • Compare Quotes: Comparing car insurance quotes is important for all drivers, but even more so for college students because their age causes them to pay more.
  • Take Advantage of Discounts: Combining discounts will help you lower your rates.
  • Evaluate Your Coverage Options: Consider how much coverage you need and if it exceeds the value of your car.
  • Determine If It’s Cheaper to Stay on Your Family’s Policy: In some cases, it might be cheaper to stay on your family’s policy than to purchase an individual plan.

The key to finding the best coverage and lowest rates is research. Completing these steps will ensure that you get the most affordable coverage.

Best Car Insurance Companies for College Students: The Bottom Line

If you’re taking your car to college, you might wonder which insurance company provides the most affordable coverage. AAA has the lowest rates for a separate policy, but GEICO is best for those staying on the parents’ plan.

Knowing the best car insurance companies for college students will ensure that you get the right coverage for an affordable price.

Now that you know about the best car insurance companies for college students, enter your ZIP code for free car insurance rates in your area.

Free Auto Insurance Comparison

Enter your zip code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

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