Who has the cheapest car insurance for college students?

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.... read full answer

Insurers That Offer a Good Student Discount

• State Farm
• Geico
• Progressive
• Allstate
• USAA
• Liberty Mutual
• Farmers
• Nationwide
• American Family
• Travelers

To learn more, check out WalletHub’s guide to car insurance discounts.

The average cost of car insurance for a college student is $1,257 per year, or about $105 per month. College students usually don’t pay as much for coverage as younger teens, but they’re typically charged higher car insurance premiums than mature drivers due to their age and comparative lack of driving experience.... read full answer

Average Cost of Car Insurance for a College Student by Company

*Costs reflect quotes for a 22-year-old male in California with his own policy.

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.

In addition to discounts, the best way for college students to save on car insurance is to shop around for coverage. The best car insurance companies for college students are AAA, Geico, and Travelers, according to WalletHub’s analysis. But rates can vary widely between states and drivers, so it’s important for college students to get quotes from at least three different companies before purchasing a policy.

To learn more, check out WalletHub’s guide to the best car insurance for college students.

Car insurance for a 21-year-old costs an average of $1,217 per year for minimum coverage. Twenty-one-year-old drivers pay more for car insurance than older, more experienced drivers because insurers consider them to be high-risk, meaning they’re more likely to file a claim.

The exact cost of car insurance for a 21-year-old depends on a ... read full answerfew factors, including their driving record, gender, location, vehicle, and car insurance company. Some of the best insurance companies for 21-year-old drivers are Geico, USAA, and AAA.

Cost of Car Insurance for a 21-Year-Old by Company

Note: Rates are an approximation based on a driver in California with minimum coverage. Actual rates will vary.

To learn more, check out WalletHub’s guide to the best car insurance for teens and young drivers.