Car insurance for college students

Car insurance for college students

Car insurance for college students

Finding the most affordable Car insurance for college students might be crucial because of how expensive education can be. To identify the top Car insurance for college students providers for college students, we looked at insurance rates, policy options, client complaints, and collision repair. will provide some of information for you in this post.

Cheapest Car Insurance for College Students

Car insurance for college students
Car insurance for college students

The average cost to add a college student to a parent’s policy is $1,610 a year.

Get rates from USAA if you’re qualified if you’re sending your young adult off to college and searching for affordable Car insurance for college students. The lowest price in our analysis is $785 per year, which is the average cost to add an 18 to 21-year-old college student to a parent’s USAA policy.

If you don’t qualify for USAA Car insurance for college students because you are not a member of the military or a veteran, Geico is the next-cheapest insurer. The average annual cost to add a college student to a parent’s Geico insurance is $1,061, which is less than the $1,610 national average.

The average cost for a college student to buy their own car insurance policy is $4,689 a year.

The lowest Car insurance for college students who are buying their own policy is also provided by USAA and GEICO. The average cost of an Car insurance for college students policy with USAA for a single student is $2,933; the average cost of a similar policy with Geico is $3,656. Even while these prices look high, they may seem cheap in comparison to some of their rivals.

Factors That Affect College Student Car Insurance Cost

Car insurance for college students
Car insurance for college students

You can get a reasonable idea of what to expect by looking at the average cost of a college student’s policy, but it’s not necessarily a solid indicator of what you’ll really pay. Your prices are affected by numerous factors, and different factors are weighted differently by each insurance provider.

Coverage types purchased

Your auto insurance premiums are significantly influenced by the kind and amount of coverage you buy. Every state (with the exception of New Hampshire and Virginia) mandates that drivers maintain some amount of motor liability insurance.

You might also need to obtain extra types of Car insurance for college students, such as uninsured motorist insurance, medical costs coverage, or personal injury protection, depending on where you live.

You’ll probably need to get collision and comprehensive coverage if you lease or finance your car. Even if you are exempt from carrying these forms of coverage, doing so can help you pay for damage resulting from collisions as well as non-collision events like storms, fires, floods, and theft.


Drivers in major metropolitan locations often pay more for coverage than those in suburban areas since these areas have higher rates of theft, auto accidents, and vandalism.

Location-based variations in coverage prices can also be caused by additional variables such as the price of medical care, repair expenses, and even weather patterns.


Younger drivers pay more for coverage since they have less experience driving and are more likely to be in accidents and file insurance claims. However, if your college kids have a clean driving record, you could expect rates to start to drop as they become older, probably around age 25.


According to information from the National Highway Traffic and Safety Administration, men drivers are more likely than female drivers to engage in risky driving behaviors including speeding, failing to buckle up, or operating a vehicle while intoxicated. Male drivers may experience higher auto insurance costs since insurers base their rates on risk.

Insurers are prohibited from utilizing a driver’s gender to decide their Car insurance for college students rates in a number of jurisdictions, including California, Hawaii, Massachusetts, Michigan, North Carolina, and Pennsylvania.

How Can College Students Save Money on Car Insurance?

Car insurance for college students
Car insurance for college students

There may be various strategies to reduce the cost of your Car insurance for college students.

Quote comparisons

You can discover the cheapest Car insurance for college students by requesting quotes from at least three different insurance providers.

Look for specials

Most insurance companies provide a variety of auto insurance discounts, including several that are especially created to lower premium expenses for college students:

Students who keep their GPA at 3.0 are frequently entitled to a good student discount.
College students who are away at school and without a car (often more than 100 miles from home) sometimes qualify for reductions from many insurers.

Adapt protection

Make your deductibles higher. When you file a collision or comprehensive insurance claim, your insurer will take the applicable deductible from your insurance payment. Typically, a higher deductible results in a lower premium.

Always take your financial condition into account before raising your deductible because doing so will put you on the line for greater out-of-pocket costs if your automobile is damaged.

Stop providing coverage that is not necessary. If your car is older (and would be worth less if it were totaled) and you don’t have a car loan anymore, some coverage kinds, such comprehensive and collision insurance, might not be necessary.It may be appropriate to discontinue collision and comprehensive coverage at that point.

Avoid having the college student on a separate policy

College-age drivers’ Car insurance for college students premiums are infamously high, particularly if they have their own policy. College students can save a lot of money by being added to a parent’s insurance coverage.

For instance, the average annual cost of insurance for a driver between the ages of 18 and 21 is $4,689 on their own policy. Drivers who are added to a parent’s insurance at the same age will pay an average of $1,610 annually. That’s a $3,079 decrease or 65% annual savings. Further lowering costs is possible by enabling multi-vehicle discounts by adding a second driver (and vehicle) to your policy.

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