As inexperienced drivers, students considered a greater risk to cause traffic accidents. In fact, according to the Centers for Disease Control and Prevention, drive vehicle crashes are the leading induce of end for America ’ sulfur teenagers. This exalted gamble leads to more expensive cable car insurance for college students vitamin a well as high school students. The good newsworthiness is anyone can find bum car policy for students by researching car indemnity coverage, getting personalized quotes and receiving all available discounts.

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key Takeaways

insurance2 Families of student drivers can get the cheapest overall policies by adding the scholar to their existent policy .coins Students who leave home and bring their cars to college will need to buy their own policy. They should shop around for the cheapest quote .bond The best insurance companies offer discounts to help students afford a policy and tailor coverages to fit scholar needs.

Cheapest Car Insurance for College Students

Shopping for bum car indemnity for students requires some inquiry because no two cable car insurance companies offer the same rates. Overall, the cheapest car indemnity company on median for college students varies depending on your long time and driver profile. Students tend to pay high rates for policies because they are young, and insurance companies consider young drivers to be higher-risk. Below, we ’ ve broken out the cheap car policy companies by all college ages.

Cheapest Car Insurance for 18-Year-Old College Students

If you keep your fomite at your rear ‘s address, the cheapest option is about constantly to stay on their policy. In this case, we found that GEICO is the cheapest company on average, costing our sample 18-year-old freshman college student $ 2,526 per year. however, if you ’ re living away from home and keeping your fomite with you on campus, you ’ ll have to buy your own policy. In this scenario, we found that State Farm is the cheapest company on average, costing the same driver $ 2,890 per class.

Cheapest Car Insurance Companies for 18-Year-Old College Students

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  • company parent ‘s policy individual price Increase for Individual vs. Parent ‘s policy




  • Allstate




  • State Farm




  • Progressive




  • Nationwide




Cheapest Car Insurance for 19-Year-Old College Students

If you ’ re a 19-year-old freshman or sophomore student buying your own cable car policy policy, you ’ ll find you get slenderly cheaper rates than when you were 18 years erstwhile. We found that the bum car indemnity company on average for 19-year-old students is State Farm, at a monetary value of $ 2,462 per year. however, Allstate and GEICO offered our sample driver very exchangeable pricing, showing the importance of shopping round.

Cheapest Car Insurance Companies for 19-Year-Old College Students

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  • company modal annual rate
  • 1 .State Farm $ 2,462
  • 2 .Allstate $ 2,467
  • 3 .GEICO $ 2,473
  • 4 .Progressive $ 3,415
  • 5 .Nationwide $ 3,521

Cheapest Car Insurance for 20-Year-Old College Students

Rates continue to drop as students get older. If you ’ re a 20-year-old sophomore or junior looking for car insurance, we found that Allstate is the cheapest company on average ; it cost our sample scholar $ 2,180 per class. GEICO and State Farm are besides competitively priced, as they are for other ages.

Cheapest Car Insurance Companies for 20-Year-Old College Students

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  • company average annual pace
  • 1 .Allstate $ 2,180
  • 2 .GEICO $ 2,192
  • 3 .State Farm $ 2,218
  • 4 .Progressive $ 3,014
  • 5 .Nationwide $ 3,038

Cheapest Car Insurance for 21-Year-Old College Students

Junior or aged students looking for bum cable car indemnity should start by getting a quotation with GEICO. Our sample 21-year-old driver paid an average of $ 1,695 per year, notably cheaper than Allstate or State Farm, the next-closest competitors.

Cheapest Car Insurance Companies for 21-Year-Old College Students

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  • company average annual rate
  • 1 .GEICO $ 1,695
  • 2 .Allstate $ 1,793
  • 3 .State Farm $ 1,936
  • 4 .Nationwide $ 2,166
  • 5 .Progressive $ 2,331

Cheapest Car Insurance for High School Students

cipher pays higher rates for car policy than high school students. Since high educate students live at dwelling, the best way for them to save money is by staying on their parent ‘s policy. For students who do that, we found that Allstate is the cheapest company for 16-year-olds and GEICO is the cheapest company for 17-year-olds.

Cheapest Car Insurance for 16-Year-Old High School Students

For 16-year-old high school students who are good starting to drive, we found that Allstate is the cheapest company for those who stay on their parents policy. Allstate charged our sample drivers $ 3,146 per year. GEICO was a close up second. If you ’ re a 16-year-old student who has to buy their own policy, the cheapest caller on average is State Farm. It quoted our sample driver at $ 3,612 per year ; thousands of dollars per year cheaper than the competition.

Cheapest Car Insurance Companies for 16-Year-Old High School Students

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  • company rear ‘s policy person cost Increase for Individual vs. Parent ‘s policy
  • Allstate








  • State Farm




  • Progressive




  • Nationwide




Cheapest Car Insurance for 17-Year-Old High School Students

As young drivers begin to gain some have, they ’ ll find more low-cost rates. The cheapest company for those who stay on their parent ‘s policy is GEICO ; it cost our sample syndicate with a 17-year-old driver $ 2,823 per class. Allstate is a close moment, and considering your rates may vary, it makes sense to start your search by getting quotes from these two companies. State farm remains the cheapest insurance company for students who need their own policy. A 17-year-old with an individual policy was quoted at $ 3,213 per year.

Cheapest Car Insurance Companies for 17-Year-Old High School Students

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  • company rear ‘s policy individual price Increase for Individual vs. Parent ‘s policy




  • Allstate




  • State Farm




  • Progressive




  • Nationwide




Calculate the Cost of Adding High-School Students to a Policy

The cost of adding a high-school driver is frequently expensive, but it besides can vary greatly depending on what other factors are affecting your rates. Use MoneyGeek ‘s car policy calculator to get a best calculate of the price of adding a student to your policy .

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state Texas age 40 repel record clean credit sexual conquest excellent Vehicle Type covenant Vehicle year 2020

Liability Coverage state Min Comprehensive and Collision Insurance none gender female Click the segment of the rack in your monetary value stove to see options. low end on average high end Click your prefer price crop to see company options. Click an insurance company below to visit their review page or continue to your personalized quotation mark. caller average annual Rates 1 .USAA $ 432 2 .Farmers $ 452 3 .State Farm $ 497 4 .AAA $ 565 5 .GEICO $ 574

The Best Car Insurance Companies For Students

Searching for the best cheap car policy for students is not a promptly action ; it requires time and research to find the best company for your needs. While price obviously is a driving agent, it ’ sulfur besides important to evaluate a car insurance party on its customer service and comfort of use. With respect to price, it ’ s besides significant to examine every available discount, peculiarly those geared to both high school and college students. These could lead to big savings on your car insurance rates.

Best Student Car Insurance For Overall Savings: State Farm

State Farm A national fastness in the car policy diligence, State Farm has served adolescent drivers for many decades, providing low-cost rates and choice customer service. express farm was systematically one of the cheapest companies for students who want to remain on their rear ‘s policy. And for students aged 16 to 18 who need to buy an individual policy, it ’ s the cheapest option on median by army for the liberation of rwanda.

Best Student Car Insurance for Discounts: State Farm

State Farm While State Farm offers a number of discounts, such as multi-vehicle discounts and discounts for bundling home plate and car insurance, the ship’s company besides offers a number of discounts that could help students lower their base rates, which are already cheap. Based on our analysis, State Farm is one of the best carriers for home and car policy bundles. In fact, State Farm has a drive habit platform called Steer Clear specifically made for young drivers. Students can enroll in the plan and get a rebate upon completion. And that ’ s precisely one of the company ’ s many discounts. For case, student drivers who get good grades could receive up to 25 % off car indemnity rates with the good scholar dismiss. besides, for drivers under the old age of 21 who complete an approve driver education run, you could qualify for the Driver Training rebate. And for college students who only drive while they are at base during school breaks, you could receive the Student Away at School discount.

Best Student Car Insurance Company for Military Families: USAA

USAA USAA specifically caters to active and adjourn members of the military and their families, then their car policy products are not available to everyone. For those who do qualify, they offer some of the lowest car policy rates available for all drivers, including students. With an AM Best “ A++ ” fiscal strength rat, the party can deliver on its customers ’ claims. For student drivers, USAA offers a good scholar rebate equally well as a Driver Training discount for drivers younger than 21, plus a count of other discounts that could reduce your rates. These include discounts for New Vehicle, Multi-Vehicle and bundling base or renters policy with your cable car insurance. If you need to file a claim or make changes to your car indemnity policy, you can do indeed on the USAA web site or use the USAA Mobile app. In summation, you can call to speak with an agent or use the web site ’ s chat sport with a virtual agent.

Best Student Car Insurance for Technology: Allstate

Allstate not surprisingly, today ’ mho student drivers are well-versed in using engineering, and they much prefer to use that engineering to conduct their clientele. With Allstate Mobile, they will have control over their cable car insurance policy in the palm of their hand. Using the app, they can entree digital proof of insurance cards, view their policy documents, file a claim with QuickFoto Claim, access wayside aid, pay their premiums and contact their agent. They besides can access Drivewise, which monitors their tug demeanor and rewards good driving habits with extra savings. Of run, student drivers besides can log into their accounts on the Allstate web site to view their policy information, file and track a claim, make policy changes and pay their car insurance premiums.

Do Students Need Their Own Insurance, or Can They Stay on a Parent’s?

Simply put, students need their own indemnity policy when they no longer live at home and continue to drive every day. If they live independently from their parents, they need to purchase their own car insurance policy. however, if students live away from their parents — for example, off at college — but don ’ triiodothyronine force, they can remain on their rear ‘s cable car insurance policy. In fact, if the student lives more than 100 miles from home while at college, the parents may qualify for a “ student-away-at-school ” rebate. Staying on your parent ‘s policy besides benefits you because you won ’ t have a relapse in coverage, which will be golden when shopping for your own policy in the future. If you do have your own policy, but drive your parent ‘s vehicles when visiting for special occasions, it ’ mho possible you could be covered under your rear ‘s policy if they have a permissive use article on their policy. Under this article, driving their vehicle normally is limit to less than 12 instances per class. therefore, unless you are living on your own and freelancer of your parents, it ’ s best to stay on your parent ‘s car policy policy to get the cheapest rates and best car insurance for students.

Car Insurance Advice for Students and Strategies to Save Money

Finding cheap car policy for students is no slowly job, but it can be done with some time and research. It ’ second always crucial to shop around and get personalized quotes from at least three different indemnity companies to get a good mind of what ’ s available for you. In addition, you can implement the following strategies to further reduce the amount of your car insurance premiums for scholar drivers :

  • Get a “safe” vehicle for your student: Car insurance companies evaluate the car you drive based on how safe they think it is. For example, does it have a strong safety rating? Does it come outfitted with specific safety features like airbags and antilock brakes? Generally speaking, car insurance companies see sedans as safer vehicles than sports cars.
  • Seek out all available discounts: While you definitely want to ask about discounts specifically for student drivers, ask the agent for a list of all available discounts to make sure you take advantage of all you can. For instance, some car insurance companies offer discounts for cars with specific safety features, like those listed above. In addition, they also offer discounts for setting up automatic premium payments as well as for paperless billing.
  • Help your student develop good driving habits: Many car insurance companies now offer technology to monitor your driving and reward you for good driving habits. By maintaining good driving habits, you also take great strides in maintaining a clean driving history free of speeding tickets, DUIs or car accidents. This clean driving history also results in lower car insurance rates.

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Car Insurance Advice for International Students

International students seeking to purchase car policy may encounter a number of obstacles. many car indemnity companies will require the student driver to have a valid U.S.-issued driver ’ sulfur license even if the express where they are attending school does not. Some states require international students to obtain a state driver ’ randomness license if they plan to drive a car, while other states allow them to use a valid driver ’ second license from their home country provided they besides have a valid International Driver ’ s Permit. It ’ randomness imperative to check with your state ’ s Department of Motor Vehicles to find out the particular requirements for external drivers. If you don ’ t have a local driver ’ sulfur license, it ’ s possible you will be placed in a bad group of drivers that could increase your cable car insurance rates.

Expert Advice: Car Insurance for College and High School Students

  1. How should students decide what degree of car policy to purchase ?
  2. Because income may be limited for students, what strategies can teens and young adults use to save money on recurring expenses like car policy ?
  3. What factors should students consider when deciding whether to take their cable car to campus or keep it at base ?
  4. What fiscal considerations should students make when buying a vehicle or driving it to school ?

Demissew Ejara Demissew Ejara Associate Professor of Finance at The University of New HavenW.H. (Joe) Knight W.H. ( Joe ) Knight Distinguished Academic in Residence & Professor at Seattle UniversityDaniel Roccato Daniel Roccato clinical Professor of Finance at the University of San Diego School of BusinessJ. Franklin Potts J. Franklin Potts Associate Professor – finance, Insurance & Real Estate at Baylor UniversityLaurie Meamber Laurie Meamber Associate Professor of Marketing at George Mason UniversityPV Viswanath PV Viswanath Graduate Program Chair in the Department of Finance and Economics at Pace UniversityIrene Leech Irene Leech Associate Professor of Consumer Studies at Virginia TechOmid Kamran Disfani Omid Kamran Disfani Assistant Professor of Marketing at Southern Illinois UniversityDavid Sacco David Sacco Practitioner in Residence at the University of New HavenDr. Aniruddha Pangarkar Dr. Aniruddha Pangarkar Assistant Professor of Marketing at the University of Wisconsin-Green BayPrachi Gala Prachi Gala Assistant Professor of Marketing at Elon UniversityBrett Holmes, CFP®, CRPC® Brett Holmes, CFP®, CRPC® fiscal Advisor at Berman McAleerDr. Christopher Newman Dr. Christopher Newman Associate Professor of Marketing at The University of MississippiDr. Michael Shipman, CPA Dr. Michael Shipman, CPA Assistant Professor of Accounting at Mount Aloysius College(Heidi) Luo Yilan ( Heidi ) Luo Yilan educator and Comedian, Adjunct Associate Professor in Economics at Cerritos CollegeRamon DeGennaro Ramon DeGennaro HCB Professor of Banking and Finance at The University of Tennessee, KnoxvilleDr. Amitabh S. Dutta Dr. Amitabh S. Dutta Associate Professor of Finance at Florida Institute of TechnologyDavid Roach David Roach Money Education Advisor III at Texas A & M UniversityGeorge W. Stone George W. Stone Professor of Marketing at North Carolina Agricultural and Technical State UniversityAlexandria Baldridge, MBA Alexandria Baldridge, MBA Assistant Professor of Marketing at Cornerstone UniversitySara MacSween Sara MacSween The Marketing Boutique President, Lecturer at UNC GreensboroDr. Craig R. Erwin Dr. Craig R. Erwin Associate Professor Management at Eastern Connecticut State UniversityLarry Duffany Larry Duffany Principal Owner, Larry the Money MedicDr. Tricia Petak Dr. Tricia Petak Associate Professor of Business at Kansas Wesleyan UniversityCatherine Valega Catherine Valega Certified Financial Planning Prof ( CFP ), and CAIA ( Chartered Alternative Investment Analyst )Cristina Livadary Cristina Livadary CFP®, RLP® ; CEO & Co-Founder of Mana Financial Life DesignJay Rigler Jay Rigler Money CoachMay Jiang May Jiang CPA, CFP®, Founder of Beyond Profit and Wealth ConsultingChad Nehring Chad Nehring Certified Financial PlannerChris Jennings, CFP® Chris Jennings, CFP® Wealth Advisor at Heron WealthMarianela Collado	, CPA/PFS, CFP® Marianela Collado, CPA/PFS, CFP® chief executive officer and Certified Financial Planner at Tobias Financial AdvisorsMatt Hylland Matt Hylland fiscal Planner at Arnold & Mote Wealth ManagementGrant Stark, CFA® Grant Stark, CFA® Director of Research at CapWealth GroupKatherine Armstrong Katherine Armstrong fiscal Planner – MBA, CFP®, CRPC®Jenna Rodriguez Jenna Rodriguez Agency Owner with American Family InsuranceSandra D. Adams, CFP® Sandra D. Adams, CFP® lead Financial Planner/Partner at The Center for Financial Planning, Inc .Colin Overweg Colin Overweg CFP® Professional & Founder of Advize Wealth ManagementBelle Osvath Belle Osvath Financial Advisor CFP ®, AIF®, CSLP at VLP Financial AdvisorsBri Peck Bri Peck fiscal Planner, CFP® at Stepp & Rothwell, Inc .Joni Alt Joni Alt film director of Financial Planning, CFP®, EA, at Hopwood Financial ServicesRose M. Price Rose M. Price Partner, Financial Planner CFP®, AIF at VLP Financial AdvisorsNeil Teubel, MS, CFP® Neil Teubel, MS, CFP® Wealth Manager & Director of Financial Planning at CI – BDF Private WealthBrian Blakely Brian Blakely Director of Property & Casualty at Stonebridge Insurance & Wealth ManagementRichard Hall Richard Hall Wealth Advisor, CFP® at Pitzl FinancialJonathan Haughton Jonathan Haughton Professor and Chair, Economics Department, Suffolk UniversityValrie Chambers Valrie Chambers Associate Professor of Accounting at Stetson UniversityJohn Longo John Longo Professor of Finance at Rutgers Business School ; Author of Buffett ‘s Tips : A Guide to Financial Literacy and LifeDr. Sebastian Hohenberg Dr. Sebastian Hohenberg Assistant Professor of Marketing at McCombs School of Business, The University of Texas at AustinDr. Yu Wang Dr. Yu Wang Assistant Professor of Finance, Walton College of Business at the University of ArkansasAmit Sinha Amit Sinha Professor of Finance and Quantitative Methods at Bradley UniversityFrank Paiano Frank Paiano Professor Emeritus at Southwestern Community College, Registered RepresentativeDr. Laura Hendrix Dr. Laura Hendrix Associate Professor at the University of Arkansas System Division of Agriculture Cooperative Extension ServiceLauryn Williams Lauryn Williams CFP® ProfessionalCarrie Friedberg Carrie Friedberg SF Money Coach, Certified Financial Coach and Financial Behavior Specialist®Josh Bitel Josh Bitel CFP® at The Center for Financial PlanningDavid B. Stewart, Ph.D. David B. Stewart, Ph.D. Associate Professor of Finance at Winston-Salem State University


MoneyGeek compiled data to provide modal car policy rates for college and high educate students. The median rates derive from several different factors, which may impact the individualized quotes and prices you receive to be higher or lower than the prices shown in this article. You can read more on our methodology page.

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About the authorexpert-profileexpert-profile A long-time freelance writer, Karon Warren has covered finance, indemnity, healthcare, occupation, locomotion and other topics for such outlets as Lending Tree, Student Loan Hero, Healthgrades, USA Today and others.

  • Centers for Disease Control and Prevention. “Teen Drivers: Get the Facts.” Accessed August 21, 2020 .

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