One of the last things on your mind when you’re a college student is car insurance. You probably focus most of your energy towards grades, rent, and student loans. If you have a car, then it’s important that you also make car insurance one of your top priorities – this will help you avoid bad credit ratings and the build up of debt in the future.
A lot of car insurance companies give higher rates for young drivers because they are considered more reckless. Luckily, this isn’t always the case. If you’re a good student who’s under 25, then you might be able to qualify for discounted car insurance. Continue reading below for the best car insurance for college students with affordable rates.
This is one of the best companies that offer affordable car insurance for college students. They have competitively low rates and discounts to members of college groups like sororities and fraternities. They offer rates at around $651 for an annual premium. If you’re on a budget, then GEICO is definitely a car insurance you should consider while you’re a college student.
This is a great car insurance company if you’re an infrequent driver but still want to have your car at school with you. They’ll base your car insurance prices on how much you drive – a base cost plus a per-mile fee. The only downside about Metromile is that it’s only available in eight states in the USA: New Jersey, Pennsylvania, Virginia, Arizona, Washington, Illinois and California. Depending on the state, they won’t charge you for driving more than 250 miles a day – something to consider if you drive home from school.
State Farm offers some of the best well-rounded discounts for car insurance. They also tend to specifically cater towards students under the age of 25. If you’re a full-time student with a 3.0 average or above, then you’ll qualify for State Farm insurance. If you live away at school without your car but keep it at home, then you are eligible for even more of a discount. You can only use your car while you’re on holiday or on a vacation at home. If you’ve had State Farm for several years without any violations or accidents, then you’ll be eligible for a discount when you get their auto insurance when you’re older than 25.
Similar to State Farm, Liberty Mutual offers discounts if you’re under 25 and get good grades with at least a 3.0 GPA. For those of you who are under 21, you’ll qualify for a Driver Training Discount after completing the Driver Training Program. You’ll get an additional discount if you belong to one of 14,000 alumni or professional associations arranged with Liberty Mutual.
Farmers is another car insurance for those of you with good grades. They offer discounted rates if your GPA is a 3.0 or above. They also offer discounts if you go to school a certain distance away from your house.
These are the best car insurance companies for college students. Whether you get good grades, live a certain distance from home, or are under a certain age, choose a car insurance company that best suits your needs. You’ll be able to pay for your car insurance even if you’re on a tight budget.