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Car insurance for a college student costs $1,103 per year, or about $92 per month, on average for minimum coverage. College students usually don’t pay as much for auto insurance as high school students but tend to pay higher premiums than older, more experienced drivers.
To find the cheapest car insurance, college students should shop around and compare quotes from at least three different insurance companies. Based on our research at WalletHub, the companies below offer the cheapest rates and best discounts for college students.
Average Cost of Car Insurance for College Students by Company
| Company | Average Annual Premium | Monthly Average Premium |
| $905 per year | $75 per month | |
| $912 per year | $76 per month | |
| $996 per year | $83 per month | |
| $1,046 per year | $87 per month | |
| $1,144 per year | $95 per month | |
| $1,189 per year | $99 per month | |
| $1,273 per year | $106 per month | |
| $1,302 per year | $109 per month | |
| $1,414 per year | $118 per month | |
| $1,438 per year | $120 per month |
Note: Costs reflect quotes for 18-22-year-old male college students in California with minimum coverage. Actual rates will vary.
The cost of car insurance should decrease the older college students get and the more time they spend behind the wheel. For example, 18-year-old college students tend to pay higher rates than 22-year-old college students for the exact same coverage.
Average Cost of Car Insurance for College Students by Age
| Age | Annual Cost | Monthly Cost |
| $2,205 per year | $184 per month | |
| $1,504 per year | $125 per month | |
| $1,391 per year | $116 per month | |
| $1,185 per year | $99 per month | |
| $1,103 per year | $92 per month |
Note: Premiums are based on drivers in California with minimum coverage. Actual rates will vary.
How College Students Can Save on Car Insurance
Although college students are charged higher-than-average premiums for car insurance, there are still ways they can save. For example, most major insurance companies offer specific discounts for students, including good-student and student-away-at-school discounts. Good-student discounts allow college students to save if they maintain at least a “B” average, while student-away-at-school discounts lower rates for students who go to school at least 100 miles away from the insured vehicle.
To learn more, check out WalletHub’s guide to the best car insurance for college students.
People also ask
Who has the cheapest car insurance for college students?
AAA, USAA, and Travelers are the cheapest car insurance companies for college students, charging an average of $1,103 per year, which is lower than the average student's policy overall. Car insurance is more expensive for college students than for older drivers, but students can save by comparing quotes and finding discounts.
For instance, every major insurer offers a good student discount. Many companies also provide student-away-at-school discounts for drivers who leave their car at home during the...
read full answer by WalletHub, Financial CompanyIs car insurance more expensive for students?
Yes, car insurance is more expensive for students than for older, more experienced drivers. Car insurance for a college student costs around $1,611 per year, on average, whereas the overall national average car insurance premium is $1,407 per year.
However, students are eligible for many car insurance discounts that non-student drivers cannot qualify for. For instance, most insurance companies offer a good student discount for drivers who are in school and maintain at least a B grade point average. With discounts, students...
read full answer by Delaney Simchuk, Car Insurance WriterDid we answer your question?
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