Best Cheap Car Insurance for College Students

 Best Cheap Car Insurance for College Students. School is genuine speculation, with the normal undergrad in the school year of 2019-2020 spending roughly $30,500 every year on educational cost, expenses, and food and lodging, as per the exploration site EducationData.org. Extra top of that different expenses of living, for example, travel, apparel, and phone bills, and it's anything but difficult to perceive any reason why understudies battle to cover extra costs. Discovering vehicle protection for understudies can be troublesome, given high rates for youthful drivers and exceptional understudy needs. To rearrange the cycle, we've assembled a rundown of the best understudy vehicle insurance agencies over a few models, including cost, access limits, and that's only the tip of the iceberg.


Best Cheap Car Insurance for College Students


Best Car Insurance for College Students

Provider                           Best for

GEICO                              Best Cheap Car Insurance for College Students

State Farm                        Best Discounts for Students

Auto-Owners                     Best Family Policy


GEICO: Best Cheap Car Insurance


Pros

  • Highly competitive rates

  • High customer satisfaction ratings

  • Available in all 50 states


Cons

  • Mediocre student discount

  • Limited access to local agents


Discounts

Even though GEICO already offers some of the lowest rates in the industry, it has an extensive list of nearly 20 discounts. While the only discount specifically for college students is the 15% Good Student discount, students can still benefit from the regular discounts, including for cars equipped with safety features and those who bundle GEICO policies or stay with the company for years.


GEICO consistently receives high ratings from both its customers and industry experts. The company maintains an A++ rating in financial strength with A.M. Best. Furthermore, J.D. Power recently awarded GEICO with the top spot in its 2020 Insurance Shopping Study.


State Farm: Best Discounts for Students

State Farm is the number one private passenger auto insurance company in the U.S., with a 16.1% share of the market in 2019. 


Pros

  • Competitive rates

  • Specific discounts for college students

  • Rideshare insurance available

cons
  • Mediocre claims satisfaction ratings

  • Required to work through local agents


Customer Satisfaction

State Farm maintains a top rating from both A.M. Best for financial health. However, J.D. Power’s 2019 Auto Insurance Study placed the company in the “about average” category in five of the nation’s 11 regional ratings.


 How to Save Money


If you're a college student with a car on campus or the parent of one, consider the methods listed below as a way to save money on student car insurance.

It's also worth recognizing that not all college students will pay the same for car insurance, as younger drivers tend to pay more than older drivers.


AgeSix-month premium
18$3,590
19$3,009
20$2,667
21$2,227
22$2,064
23$1,920
24$1,799
25$1,604




 discount for good grades

Good students drive better, according to insurance companies, and this is typically reflected in auto insurance rates. Most large insurance companies will discount premiums for full-time high school or college students who meet any of the following requirements:

  • Student grades must meet or exceed a B or 3.0 GPA
  • Rank within the top 20% of their class
  • Rank within the top 20% of certain standardized test scores from the past 12 months

It's best to ask your particular insurance company about discounts they might offer college students for good grades.



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