Best Insurance For College Students - Even if you always plan to get home, to work, to class, or anywhere without incident, there's always the chance that something could go wrong. You may have the best intentions, but make a small mistake. Other times, someone else damages your car, but due to some unfair circumstances in the universe, you end up footing the bill.
Insurance is required by law. It also protects you financially in the event of an accident or damage to your vehicle, whether caused by you or someone else. When buying insurance, cost is an important factor, but it's not the only place to look. Here's the best car insurance for college students to keep you safe on the road.
Best Insurance For College Students
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Car Insurance Options For College Students (parent Pov)
A great insurance company with a good reputation and great discounts for new drivers with a safe record.
State Farm is one of the largest and most recognizable insurance companies in the United States. Founded in 1922, the company has a long history of providing auto, home, life and other insurance. It offers a combination of discounts that make it an affordable option for new drivers who want great coverage.
New drivers in college can qualify for teen driver discounts, safe driving discounts and good quality discounts. This may be your cheapest option when you add them up. But even if it's a bit more than others, the excellent customer service and wide insurance coverage options are big draws. It also offers Rideshare insurance if you drive for Uber or Lyft, which is essential for users who make a little money driving when they're not in the classroom.
State Farm was named the best insurance company for customer service in several regions in J.D.'s annual auto insurance study. Power US and for above average claims handling. Overall, excellent customer service and several student discounts make it the best choice for auto pay for college.
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With a mileage tracking device in your car, Metromile makes insurance affordable for good drivers who don't drive a lot of miles.
Metromile is an innovative pay-per-mile insurance company. Insurance coverage on Metromile is based on a fixed monthly fee plus a fee per mile. This is great for those who don't drive much, as you are likely to pay very little when your car is parked. If you go for the average, you can still find savings over traditional insurance.
Although it should be acquired by Lemonade, I hope Milestone's payment program stays as it is and adds to Lemonade's offerings. Metromile requires a physical tracking device to be connected to a port on your car's computer, but it only takes a few seconds to connect. Metromile uses mileage for billing purposes only, but monitors driving system performance, including speed, hard braking, quick acceleration, and location.
It has some useful advantages if you are good with a tracker. For example, it is essential to find your car if it is stolen. It also sends a notification to your phone if your car has any engine problems detected by the car's computer. For low or moderate mileage drivers, Metromile is worth considering.
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USAA is an insurance company that operates in every state in the United States and is known for its reasonable rates and excellent customer service. Thing is, you have to be a military veteran or the son of a veteran to sign up (the grandchild of a veteran doesn't count, I checked once). If you have this connection, you probably want to take advantage of the USAA option.
By comparison, USAA is 42 percent cheaper than the national average. However, as with all insurance providers, your rates are likely to be higher if you have had a ticket, were at fault in an accident, or have other significant moments on your driving record. Depending on your situation, there is never a guarantee that USAA or any other insurer will be the cheapest without a small shop around.
The company maintains very strong ratings in terms of financial stability and customer satisfaction. There are discounts for being a safe driver, taking an approved driving course, maintaining good grades or having rental insurance, among others.
As advertised, Geico will likely save you money by switching from another insurance company, but it's not ideal for everyone.
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If cost is your biggest priority, you'll want to get a quote from Geico to compare on your list. Geico is a national insurance company that always comes up as one of the cheapest options for many applicants. Of course, your driving record and unique situation may result in higher rates in some cases. Aside from the giggles of the talking gecko in the commercials, Geico generally provides excellent customer service and maintains customer satisfaction ratings above the J.D. average. of Power
Geico is part of Warren Buffett's mega-conglomerate Berkshire Hathaway, which also owns several other insurance companies and maintains high ratings for financial stability. When shopping for coverage from Geico and elsewhere, it's a no-brainer to choose the cheapest policy possible. Make sure you have broad enough coverage so you don't have to worry about money in the event of an accident.
Allstate is a good option if you want to work with a local insurance agent and have someone nearby to contact with questions and help with claims.
Allstate is a large, historic insurance company that is considered one of the largest auto insurers in the United States. This is best for college students looking to work with a local agent instead of handling their insurance needs online.
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When you work with Allstate, you are assigned a local insurance agent who can help you with questions about your coverage and guide you through the claims process if needed. It can be competitive, especially when considering good discounts for students and safe drivers, but it's often not the cheapest option.
Allstate is a financially stable insurer with 10 percent of the total insurance market in the United States. Good low-mileage drivers can save with the Drivewise mileage-based program. If you want to do everything yourself online, Allstate is not for you. Best for those who want to work with one person for their insurance needs.
Lemonade is a new entrant to the auto insurance market and is only available in Illinois and Tennessee. If you have a permanent address in one of these states (from your parents or school), you can register. If you find the right combination of value and coverage, Lemonade is a great choice.
Lemonade relies on an app on your phone to track your driving and offers lower premiums to safer drivers. Low mileage drivers also save money, which is great if you walk or bike to class. You can also bundle your renter's insurance to save on both. Registration and claims are handled entirely online.
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As a bonus, all plans include free roadside assistance and emergency assistance. There are also green features, including discounts for drivers with hybrid or electric cars, and the company has a fun tree-planting program to partially offset the carbon emissions of customers' cars. It would appear higher on this list if it were available in more locations, but I imagine it will be coming to a location near you soon.
If you're worried about getting stuck with a broken-down car, a flat tire, or a dead spot, it's hard to beat AAA. They also offer decent car insurance.
AAA can be reassuring if you're going to college far from home and you're worried about having trouble with your car without your family to help. AAA insurance is only available to AAA members, who also have access to their excellent roadside assistance program.
The biggest downside to AAA is the membership requirement, which makes your insurance more expensive. It also operates through a disjointed network of regional car clubs, not all of which offer the same great products, prices and service. For example, AAA in California scores high in customer satisfaction, but AAA in the Illinois, Indiana, Michigan, Ohio, and Wisconsin region scores the worst among its competitors.
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If you want AAA for roadside assistance, it's probably worth comparing rates to see if it's right for your car insurance. Your experience will vary depending on where you live.
The cost of college student car insurance varies greatly depending on your driving record, vehicle, location, insurance company and policy. According to insurance broker The Zebra, drivers aged 16 to 25 pay the highest rates of any age group. In a survey of eight major insurance companies, the average rate for a college student was $363 a month, paid every six months.
College students may not get a marriage discount, but there are many discounts to consider. Among them are:
Younger drivers tend to pay more for car insurance because they tend to be older
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