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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 semester.
Companies with Cheap Car Insurance for College Students
Company | Minimum-Coverage Premium |
$609 per year | |
$699 per year | |
$724 per year | |
| $827 per year | |
| $887 per year | |
$931 per year | |
| $987 per year | |
| $1,023 per year | |
$1,173 per year | |
| The Hartford | $1,206 per year |
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.
To learn more, check out WalletHub's guide to the best car insurance for college students.
People also ask
How do I get a good student discount for car insurance?
You can get a good student discount for car insurance by being a high school or college student with at least a B grade point average. All of the 10 largest insurance companies offer a good student discount, and qualifications are typically the same between insurers. Exact discount amounts may vary by company and state, however. For example, State Farm's good student discount can help you save up to 25% on your premium..
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