You can get a Travelers good student discount if you have at least a B average or a 3.0 GPA. Student drivers can save up to 8% as long as they are full time high school or college students. Students can also qualify by being ranked in the top 20% of their class or if they are included in the Dean's List, Honor Roll, or another school list designating scholastic achievement.
Young drivers are usually quite expensive to insure since they lack driving experience. However, Travelers 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.
Travelers good student discounts vary by state, but it’s always worth the effort of checking if they are available in your location.
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.
To get a Travelers affiliation discount, you must be a member of an affiliated group, such as a professional organization, credit union, or social club. Eligible organizations include the American Bar Association and PenFed Credit Union, though discounts may vary by organization and state.
Examples of Groups Eligible for Travelers Affiliation Discounts… read full answer
American Bar Association
Benevolent and Protective Order of Elks
InTouch Credit Union
PenFed Credit Union
People First Federal Credit Union
Service Credit Union
Vantage Credit Union
This list is not exhaustive, since Travelers Insurance does not publish its complete list of associated groups. To see if you belong to a qualifying credit union, professional group, or other association, you can call Travelers at 1 800-842-5075.
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 … read full answerhigh-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.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.