College students or recent graduates don’t usually have long driving history and they are considered high risk due to age and inexperience. So you need to find these insurers that offer the best vehicle insurance for college students since there aren’t many other discounts you can qualify for.
Also, It is unlikely that you have a good credit score if you have any. Most young people are too young to have enough financial activity like paying bills, maintaining credit cards, bank accounts or an apartment. That can result in low credit score and higher premiums unless you find a company that overlooks this aspect of your life and concentrates on the fact that your whole life is ahead of you. Some companies look at long term view and think that they will make money in the long run by keeping these young people in their books for years.
Best Car Insurance for College Students
If you are still in full time college education and living at campus you can at least get cheap auto insurance for low mileage drivers. Most students hardly leave their campus during the term. All your friends are around and there is cheap beer at the student union, why would you leave? There are companies that offer extra savings to students who live at campus. You can ask around at college or university you are attending for the names of these insurers that operate in your state. They are likely to advertise somewhere at the college. Check student boards.
Furthermore, you can claim for good student auto insurance discounts if you qualify. Generally, top twenty percent of students can claim these discounts. There are many other ways of making sure that you don’t pay too much for insuring your auto. Some of them listed above already. One other way of making sure you can get the most affordable car insurance for college students or recent graduates is to choose a cheap to insure vehicle. Don’t make the mistake of buying your new car without checking its insurance rating.
Which Insurers Offer Good Car Insurance Rates for College Students?
Several companies offer special discounts to college or university students or people who have bachelor’s degree. You can check here about college student and other discounts. Some of the companies that are known to offer the best auto insurance for college students are State Farm, American Family, Nationwide, Allstate, GEICO, Amica Mutual and USAA. Also, Esurance offers discounts to students and graduates of certain universities and colleges (Pac-12) because of special arrangements they made with the schools. Probably there are other companies that offer discounts to college students. You can check at your college or university if there are any companies offering discounts for student auto insurance.
The amount of discounts offered would vary depending on the company and state. And Some companies may not explicitly advertise student discounts but they may offer. So, it is best to get a few quotes and compare prices if you really want the best car insurance for college students.
Even a small percentage discount can mean a lot of dollars when you are a teenager. The premiums can be really high and therefore, you should look for any savings. Another good place to find out about them is to ask at your schools admission department or check the message boards for any advertisements or recommendations.
Competitive Car Insurance Quotes for College Graduates
If you have just finished your college education you may be looking for a new job, home, car and insurance. You are lucky at least on the insurance front since some companies offer special discounts. Choosing one of these insurers may allow you to get the best deals for recent college graduates since not much else going for you.
Various studies and tests show that there is a correlation between your education level and auto insurance rates. However, whether you get vehicle insurance discounts and how much you get varies by insurers and states. Although we will try to help you find the most suitable car insurance for college graduates your best bet may still be shopping around for the best quotes.
Over the years, Consumer Federation of America published several reports on the affect of education on automobile insurance premiums. You can find the latest report here. The overall conclusion is that auto insurance for college graduates is cheaper in comparison to less educated applicants. Again how much discount a bachelor can get totally depends on the insurer you apply and state you live in.
Which Companies Offer Special Car Insurance Discounts for College Graduates?
It is important to note that your state insurance rules affect the discounts you can get. So, it is possible that some of these insurers may not be able to offer any discounts at your location. Saying that; Esurance, GEICO, Progressive, Liberty Mutual, Safeco are some of the companies that are reported to offer most competitive car insurance prices for recent college graduates with bachelor’s degree. Here is a list of high risk auto insurance companies that are more likely to offer affordable quotes.
Also, these companies are likely to offer best auto insurance rates for college students.
Which Companies Don’t Count Education in Vehicle Insurance Calculations?
If you don’t have a college or university degree you want to make sure that you don’t get penalized for it by choosing a company that ignores such details. If an insurer is offering lower rates for education it is fair to say that it is penalizing people who don’t have a bachelor’s degree. In the same way, if you have a college degree you would want to know which companies to avoid if you want inexpensive auto insurance for college graduates.
Again, according to Consumer Federation of America reports, State Farm, Allstate, USAA, Nationwide and Travelers don’t use education or occupation in vehicle insurance premium calculations. This may be true only in some states while they may be using these factors in others.
Insurers listed above as include education and don’t include in their premium calculations may have changed their policy since. That is why you should shop for automobile insurance online and get quotes from a number of companies. You can get quotes right here on our platform.