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Cheap Car Insurance For Students

Teen drivers are notorious for having higher car insurance rates than older drivers. The main reason for this is car insurance companies see teen drivers as high risk. Teen drivers do not have the experience that older drivers usually have; plus, they are more easily distracted by other drivers, friends, and the excitement of being out on the road and out on their own.

However, it is possible to find and keep cheap car insurance for teens. Below are a few tips on how to keep the rates down.

Main Car Insurance Discounts for Students

There are two types of car insurance discounts aimed specifically at students.

The first, and the best known, is the good student discount. Offering an average saving of 25%, this discount applies to all student drivers who maintain good grades throughout the life of their policy. Generally, those grades need to be at least a B average, but the specifics will depend on your state and insurer.

The second is known as a student away or full-time student discount. This can go much higher, often to between 40% and 50%, but it is only available to students who live on campus and, therefore, spend very little time at home and behind the wheel.

Other Discounts Offered to Students

Many of the driver discounts offered to adults and experienced drivers are also available to student drivers and are a great way to bring those rates down. These discounts include:

  • Multi-Policy and Multi-Car Discount: A multi-car discount is provided to policyholders who add multiple cars to the same policy. If you’re buying an auto insurance policy for your child, consider adding them to your policy and you can benefit from this discount. Adding a child to a parents’ policy will generally cost a lot less than getting them their own policy.
  • Good Driver Discount: A student doesn’t have a driving record until they get their driver’s license and climb behind the wheel for the first time. But that doesn’t mean they can’t work towards the goal of getting a clean and safe driving record. This will allow them to make bigger savings in the future.
  • Driving Training Discount: Driver safety courses and defensive driving courses are a great way for drivers of all ages to secure cheaper car insurance quotes. It’s proof that you’re a good driver, have the skills needed to stay safe, and are committed to improving yourself.
  • Mileage Discount: Some insurers will give you a discount if you allow them to track your driving habits and use the information gathered to tweak your rates. You can also get insurance coverage that charges by the mile.

The Cheapest Auto Insurance Companies for Students

The more policies you compare, the more likely you are to get the best car insurance cover and the lowest possible cost. Most insurers will cover you as a student, but some are better than others and to help you get started, we have listed some of the very best:

State Farm

Based on the number of policyholders and combined claims, State Farm is the largest car insurance company in the United States. It also spans all fifty states and along with a 25% good student discount, it offers teen driving programs and driver safety training.

Allstate

Allstate has a higher good student discount than most, offering a saving of 35% to all qualifying applicants. Its student car insurance rates are reduced further by the addition of a 5% student away discount, as well as generally low rates.

GEICO

GEICO is consistently ranked as one of the cheapest and best car insurance companies in the United States, and it’s easy to see why. GEICO’s good driver discount may be capped at 15%, but when the base rates are already low, big discounts aren’t necessary. 

In our research on national averages, GEICO consistently came out on top for the cheapest car insurance premiums when looking at minimum liability coverage and fully comprehensive coverage.

Progressive

Students going through Progressive can save up to 20% more on their car insurance, with 10% for maintaining good grades and 10% for studying away. It also offers driver course discounts and other unique ways to save.

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