The top picks for cheapest car insurance companies for college students include Geico, Erie, and State Farm, with Geico being the top pick overall.

These providers offer rates starting at $65/month, making them the best choices for affordable coverage. For additional details, explore our comprehensive resource titled "What is comprehensive insurance coverage?"

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$65	A++	Affordable Rates	Geico
	#2	$68	A+	Reliable Coverage	Erie
	#3	$70	B	Student Discounts	State Farm
	#4	$72	A++	Teen Programs	Auto-Owners
	#5	$75	A+	Flexible Discounts	Progressive
	#6	$78	A+	Family Plans	Nationwide
	#7	$80	A	Youth Incentives	Farmers
	#8	$82	A	Generous Savings	American Family
	#9	$85	A++	Competitive Pricing	Travelers
	#10	$90	A	Budget Friendly	Mercury

They offer generous student discounts and reliable, tailored protection. Choose one of these top picks for budget-friendly, comprehensive car insurance.

Avoid overpaying for your car insurance by entering your ZIP code above in our free comparison tool to find which company has the lowest rates.

What You Should Know

• Geico offers the best rates, starting at $65/month, for college students
• Generous student discounts make these companies budget-friendly for students
• Reliable coverage tailored to college students' needs ensures peace of mind

#1 – Geico: Top Overall Pick

Pros

• Lowest Premiums: Geico consistently offers some of the most affordable car insurance rates, making it a great option for college students on a tight budget.
• Budget-Friendly for Students: Their competitive pricing helps college students save while securing reliable coverage. For more details, check out our comprehensive guide, "Liability vs. Full Coverage: Car Insurance Explained."
• Easy Online Quotes: Geico's user-friendly online tools make it simple for college students to compare rates and get quick quotes.

Cons

• Limited Local Agent Support: College students who prefer face-to-face interactions might find Geico's primarily online and phone-based support less personalized.
• Basic Coverage Options: The basic plans may not include all the features some college students might need for their specific situations.

#2 – Erie: Best for Reliable Coverage

Pros

• Comprehensive Protection: Erie is known for its reliable coverage options, ensuring that college students are well-protected. Learn more in our Erie review.
• Strong Customer Service: College students benefit from Erie’s responsive customer service, which is helpful in handling claims and questions.
• Affordable Coverage Options: While offering reliable coverage, Erie also provides competitive pricing for college students.

Cons

• Availability: Erie’s availability is limited to certain states, which could be a drawback for college students studying in regions where Erie isn’t offered.
• Fewer Discounts for Students: Compared to competitors, Erie might offer fewer discounts specifically tailored for college students.

#3 – State Farm: Best for Student Discounts

Pros

• Generous Student Discounts: State Farm offers significant discounts for college students, making insurance more affordable.
• Good Coverage Options: State Farm provides comprehensive coverage tailored to the needs of college students. Discover our State Farm review for a full list.
• Accident Forgivenes: State Farm’s accident forgiveness program can help college students maintain lower rates even after a minor accident.

Cons

• Higher Premiums: College students might find State Farm’s premiums higher compared to some competitors.
• Complex Policy Terms: The terms and conditions can be complex, which might be challenging for college students to understand.

#4 – Auto-Owners: Best for Teen Programs

Pros

• Teen Programs: Auto-Owners offers teen programs that cater to college students' unique insurance needs, which you can learn about in our Auto-Owners review.
• Good Customer Service: Known for high-quality customer service, beneficial for college students navigating insurance for the first time.
• Customer Service: Known for excellent customer service, which can be valuable for college students navigating insurance for the first time.

Cons

• Limited Online Tools: Less advanced online tools for managing policies and claims, which may be inconvenient for tech-savvy college students.
• Fewer Discounts: May not offer as many discounts specifically for college students compared to other providers.

#5 – Progressive: Best for Flexible Discounts

Pros

• Flexible Discounts: Progressive provides flexible discount options that can be beneficial for college students. Read our Progressive review to learn what else is offered.
• Multiple Coverage Options: Provides a range of coverage options that can be tailored to meet the needs of college students.
• Online Tools: User-friendly online tools and mobile app make managing insurance easier for college students.

Cons

• State-Specific Variations: Discounts and rates may vary significantly by state, affecting college students differently.
• Higher Initial Rates: College students might face higher initial rates before any discounts are applied.

#6 – Nationwide: Best for Family Plans

Pros

• Family Plans: Nationwide offers family plans that can provide additional savings for college students covered under family policies.
• Generous Discounts: Provides various discounts that can be beneficial for college students, including good student discounts.
• Comprehensive Coverage: Offers comprehensive coverage options that can be suitable for college students, which you can check out in our Nationwide review.

Cons

• State Restrictions: Availability and discount options may vary by state, potentially limiting options for some college students.
• Higher Premiums for New Drivers: Premiums can be higher for younger drivers, including college students.

#7 – Farmers: Best for Youth Incentives

Pros

• Youth Incentives: Farmers offers incentives for young drivers, including college students, which can help reduce insurance costs.
• Educational Discounts: Discounts for students with good grades are available, which can be advantageous for college students, which is covered in our Farmers review.
• Customized Policies: Policies can be adjusted to match the changing needs of college students, including part-time vehicle use.

Cons

• Eligibility Restrictions: Certain discounts and incentives may have eligibility restrictions that could exclude some college students.
• Complicated Discount Process: The process to apply for youth incentives and discounts can be complex and time-consuming for college students.

#8 – American Family: Best for Generous Savings

Pros

• Substantial Savings for Students: American Family offers significant discounts for college students, making their policies very affordable.
• Student-Friendly Benefits: Includes benefits such as roadside assistance and rental car coverage, which are useful for college students.
• Good Student Discounts: Exceptional savings for students who maintain a high GPA, encouraging academic excellence. For a complete list, read our American Family review.

Cons

• Discount Complexity: The process for applying and qualifying for generous savings may be confusing for some college students.
• Discount Conditions: Discounts may come with conditions, such as specific types of coverage or deductible requirements.

#9 – Travelers: Best for Competitive Pricing

Pros

• Affordable Premiums: Travelers offers competitive pricing, making it an attractive option for budget-conscious college students.
• Discounts for Low Mileage: College students who drive less frequently can benefit from lower premiums due to low mileage discounts.
• Easy Online Management: Easy online tools for managing policies and claims, ideal for tech-savvy college students, which you can read more about in our review Travelers.

Cons

• Regional Variability: Competitive pricing and discounts may vary significantly depending on location, affecting some college students more than others.
• Complex Discount Structure: The structure of discounts may be intricate, making it difficult for college students to understand and maximize savings.

#10 – Mercury: Best for Budget Friendly

Pros

• Low-Cost Insurance Options: Mercury provides budget-friendly options ideal for college students who are managing tight finances.
• Discounts for Good Grades: Offers discounts for college students who excel academically, making insurance more affordable. Find out more in our Mercury review.
• Flexible Coverage Plans: Coverage plans can be customized to fit the specific needs and budget constraints of college students.

Cons

• Complicated Claims Process: The process for filing and managing claims might be less straightforward, potentially confusing for college students.
• Regional Differences: Budget-friendly rates may not be available in all areas, impacting college students based on their location.

Comparison of Minimum and Full Coverage Car Insurance Rates Across Top Providers

This guide compares car insurance rates and discounts from top providers. Geico offers the most affordable rates, while Mercury is the most expensive.

Additionally, companies like American Family, State Farm, and Progressive provide various discounts for college students, such as good student, safe driver, and multi-policy, helping young drivers save on coverage. To learn more, explore our comprehensive resource on insurance titled "What is considered a clean driving record?"

This table shows the monthly rates for both minimum and full coverage from various insurance companies.

Insurance Company	Minimum Coverage	Full Coverage
	$82	$158
	$72	$142
	$68	$138
	$80	$160
	$65	$135
	$90	$170
	$78	$155
	$75	$150
	$70	$140
	$85	$165

Geico offers the lowest rates with $65 for minimum coverage and $135 for full coverage, while Mercury has the highest with $90 for minimum and $170 for full. Other companies, like American Family, Progressive, and State Farm, fall between these extremes.

Top insurance providers offer discounts for college students, including Good Student, Safe Driver, and Multi-Policy savings. Companies like Geico, State Farm, and Progressive provide tailored programs to help students reduce their car insurance costs.

By comparing rates and taking advantage of discounts tailored to young drivers, college students can find affordable car insurance without compromising on coverage. Be sure to explore the options offered by top providers to get the best deal and stay protected on the road.

Tips for College Students to Save on Car Insurance

College students can find affordable car insurance by not only choosing the right provider but also taking advantage of specific strategies and discounts.

Here are some practical tips to help students lower their insurance premiums while ensuring they stay protected on the road:

• Maximize Student Discounts: Geico and State Farm offer discounts for good grades, clean driving records, and Progressive provides savings for students who leave their cars at home while at school.
• Consider a Higher Deductible: Choosing a higher deductible can lower your monthly premium. While this means you’ll pay more out-of-pocket in the event of a claim, it can result in significant savings, especially if you maintain a safe driving record.
• Bundle Policies: If your family uses the same insurance provider, bundling auto insurance with other policies (such as renters or home insurance) can lead to multi-policy discounts. Providers like Nationwide and Farmers offer these benefits.
• Drive a Safe, Affordable Car: Vehicles with strong safety features and lower repair costs often have lower insurance rates. Consider driving a car with advanced safety technology to qualify for discounts, such as those offered by Erie or Travelers.
• Take a Defensive Driving Course: Completing an accredited defensive driving course can earn you discounts with some insurers. This not only enhances your driving skills but also demonstrates your commitment to safety. Companies like Auto-Owners and Geico offer discounts for these courses.

By following these tips, college students can cut their car insurance costs while ensuring they have adequate coverage. Using discounts, adjusting deductibles, and choosing cost-effective policies help balance affordability with essential protection. To delve deeper, refer to our in-depth report titled "What is an insurance deductible?"

These strategies ensure that students not only save money but also maintain the necessary coverage to stay protected on the road.

Finding Top 10 Affordable Car Insurance Options for College Students

Finding affordable car insurance as a college student can be tough, but Geico, Erie, and State Farm offer great options starting at $65 per month. Geico is the top choice for its low rates and discounts, while Erie is known for reliable coverage and State Farm for its generous student discounts.

To save on car insurance, students should use discounts, adjust deductibles, and choose coverage wisely. Compare rates from top providers to find the best deals. For a thorough understanding, refer to our detailed analysis titled "How does my credit score affect my insurance premium?"

Affordable car insurance rates are just a click away. Enter your ZIP code into our free quote tool below to find the best policy for you.

Frequently Asked Questions

What is the cheapest car insurance for college students?

The cheapest car insurance providers for college students include Geico, Erie, and State Farm, with rates starting at $65 per month. These companies offer generous student discounts, making them great options for budget-conscious students.

How can college students lower their car insurance premiums?

College students can lower their car insurance premiums by taking advantage of discounts like good student, safe driver, and multi-policy offers. Additionally, raising deductibles, maintaining a clean driving record, and comparing rates regularly can further reduce costs.

Does Geico offer discounts specifically for college students?

Yes, Geico offers discounts specifically for college students, including a Good Student discount, which applies to students who maintain a certain GPA. They also offer discounts for safe driving habits and bundling policies.

To expand your knowledge, refer to our comprehensive handbook titled "A Practical Guide For Understanding Car Insurance."

Is it better for college students to choose minimum or full coverage?

The choice between minimum and full coverage depends on the student's needs and budget. Minimum coverage is cheaper, but full coverage provides better protection in case of accidents or other damages. It’s essential to weigh the risks and affordability when deciding.

Are there car insurance providers that offer programs specifically for teen drivers?

Yes, companies like Auto-Owners offer specialized programs for teen drivers, which can be beneficial for younger college students. These programs often provide additional resources, such as driving safety courses, that can lead to lower premiums.

What is the Good Student discount, and how much can it save on car insurance?

The Good Student discount rewards students who maintain a high GPA, typically 3.0 or above, with reduced car insurance premiums. This discount can save students up to 25% on their insurance rates, depending on the provider.

To gain profound insights, consult our extensive guide titled "Why is car insurance so expensive?"

Can college students stay on their parents' car insurance policy?

Yes, college students can often stay on their parents' car insurance policy, which can lead to lower premiums. This is especially useful if the student drives a family car while living on or off campus.

What are some tips for comparing car insurance rates for college students?

College students should use online comparison tools, enter their ZIP code to find local rates, and look for providers offering student discounts. Comparing at least 3-5 companies can help students find the best deal for their budget.

Do insurance companies consider the location of a college when determining rates?

Yes, insurance companies often consider the location of a college, as certain areas may have higher accident rates or crime risks, affecting premiums. Students attending college in urban areas may face higher rates than those in rural or suburban areas.

For a comprehensive overview, explore our detailed resource titled "Five Steps to Take After a Car Accident."

How can college students get car insurance with no credit history?

Some companies, like State Farm and Geico, offer policies to students with limited or no credit history. Students can also build credit over time by making timely payments or opt for non-standard insurance policies that do not heavily rely on credit scores.