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College students can get car insurance discounts for having good grades or for going to college far away from the car they drive. College students can also qualify for general car insurance discounts, such as driver's education and good driver discounts. Since most college students are young drivers, car insurance companies consider them high-risk and usually charge them higher premiums, making discounts all the more important.
To qualify for a good student discount, drivers usually need to be under 25 years old and unmarried, with a B average or better. Additionally, distant student discounts are designed for students who do not have a car with them at college and who attend school more than 100 miles away from home. You can see which major car insurance companies have these student discounts below.
Car Insurance Discounts for College Students by Company
| Company | Good Student Discount? | Student Away at School Discount? |
| Yes | Yes | |
| Yes | No | |
| Yes | Yes | |
| Yes | Yes | |
| USAA | Yes | No |
| Yes | Yes | |
| Yes | Yes | |
| Yes | No | |
| American Family | Yes | Yes |
| Yes | Yes |
Most college students can save money on car insurance by staying on a family policy. However, if your permanent residence is different from your parents’ and you drive full-time, you will likely need your own policy. It also might be cheaper to buy your own policy if you go to school in an area with lower car insurance rates or if one of your family members has a poor driving record that increases premium costs.
For more information, check out WalletHub’s articles on cheap car insurance for new drivers under 21 and the best car insurance for new drivers under 25.
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 CompanyHow can I get a GEICO good student discount?
You can get a GEICO good student discount if you have at least a B average. Student drivers can save up to 15% as long as they are full-time high school or college students.
GEICO Good Student Discount Requirements
- Full-time high school or college student
- B average
- No accidents within the last 5 years
Why GEICO Offers a Good Student Discount
Young drivers are usually quite expensive...
read full answer by Lilah Butler, Car Insurance WriterDoes State Farm offer student discounts?
Yes, State Farm does offer student discounts and these discounts can save drivers up to 25% on their premiums. State Farm has a good-student discount and a student-away-at-school discount, as well as a driver-training discount for young drivers who complete an approved driver-education course.
State Farm Student Discounts
Good-Student Discount
The State Farm good-student discount can save you up to 25% on your auto insurance when a full-time high school or college...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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