Top and Affordable Car Insurance Companies for College Students Ranked
The pursuit for affordable car insurance can be a daunting task for college students. However, leading insurance companies like Geico, State Farm, Progressive, and Allstate have been ranked as the best and most affordable for these young adults. These rankings are based on a myriad of factors such as price, coverage, availability, customer satisfaction, and financial strength.
Geico: Tailored Discounts and Competitive Rates
Geico shines with its competitive rates, a nationwide presence, and an array of discounts, including one for maintaining good grades. Besides, it offers optional add-ons like emergency roadside assistance and mechanical breakdown insurance, making it a top choice for students.
State Farm: Customer Satisfaction and Customizable Coverage
State Farm stands out for its high customer satisfaction and cost-effective coverage that can be customized to students’ needs. It offers discounts such as good student discount and a student away at school discount, making it a viable option for students looking for affordable insurance.
Progressive: Ideal for Students Leaving Their Car at Home
Progressive is a great choice for students leaving their car at home, with the ability to suspend collision coverage and maintain comprehensive coverage. It also offers a distant student discount and a vanishing deductible for those maintaining a clean driving record.
Allstate: Pay-Per-Mile Program for Infrequent Drivers
Allstate offers a unique pay-per-mile program, which can be a cost-effective choice for students who don’t frequently drive. Coverage is managed through a mobile app, making it a convenient option for tech-savvy students.
The average annual full coverage premium for an 18-year-old on their parent’s policy ranges from $2,523 with Geico to $4,148 with Allstate. These companies provide apps that allow easy policy management, payments, and claims reporting on the go. To get a precise estimate of individual costs, requesting a quote from each insurer is recommended.