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
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.
AAA, USAA, and Travelers are the cheapest car insurance companies for college students, charging an average of $850 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 … read full answerdiscounts.
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 semester.
Companies with Cheap Car Insurance for College Students
Note: Premiums are annual, for college students with their own policy. Individual rates will vary.
How to Get Cheap Car Insurance for College Students
It’s important to note that adding a college student to a family policy is usually less expensive than purchasing an individual policy for a college student. Overall, the cheapest companies for adding a college student to an existing policy are Travelers, Mercury, and The Hartford.
College students might be better off getting their own policy in unique circumstances, though. For instance, it’s probably cheaper to get your own policy if someone in your family is a high-risk driver. Or, you might want to get your own policy if your school is in a state with much lower insurance requirements than your home state.
You can get a Geico good student discount if you have at least a B average or a 3.0 GPA. Student drivers can save up to 15% as long as they are full time high school or college students.
Young drivers are usually quite expensive to insure since they lack driving experience. However, … read full answerGeico offers a good student discount because having good grades shows the insurer that you are responsible off the road, meaning you’re more likely to be responsible in the driver’s seat as well.
Geico good student discounts vary by state, but it’s always worth the effort of checking if they are available in your location.
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.
The State Farm good-student discount can save you up to 25% on your auto insurance when a full-time high school or college student on your policy maintains a 3.0+ GPA, is ranked in the top 20% of their class, or is named to the Dean’s List/Honor Roll in a given semester. Students must send a report card from the immediately preceding semester to State Farm to qualify for the discount. The savings will last until a student turns 25 years old, even after they’re out of school.
Young drivers who have earned an associate or bachelor's degree and meet one of the above requirements can qualify for the discount, too. Homeschooled students can also be eligible for the discount if they show that they ranked in the top 20% of their class in a national standardized test taken within the past year.
The State Farm student-away-at-school discount will save you money on car insurance if one of the drivers listed on your policy is a student under the age of 25 who doesn’t take a vehicle to school (located at least 100 miles away from home) and only drives when they’re visiting home. State Farm does not disclose a specific amount for this discount, as it varies by customer.
The State Farm driver-training discount will save you money on your auto insurance policy if all the drivers under the age of 21 listed on the policy complete a driver safety course that’s approved by State Farm. State Farm does not disclose a specific amount for this discount, either.
Finally, State Farm lets you apply multiple student discounts to your auto insurance policy, as long as a listed driver meets the qualifications for each one. You’ll just have to submit proof of eligibility to State Farm before each discount will go into effect.
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