Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Benjamin Carr was a licensed insurance agent in Georgia and has experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. Benji is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent Benji Carr

UPDATED: Feb 28, 2022

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To Sum It Up

  • The best insurance for college students will offer multiple discounts for good grades, good driving, and alumni membership
  • GEICO offers the most affordable car insurance for college students, with average rates at $388/mo
  • State Farm offers the biggest good student discount of 25%

You can find the best car insurance for college students and teen drivers when you comparison shop online. And, as a veteran, you can combine military discounts with good student discounts to lower your auto insurance rates even more. 

Student car insurance is cheap when you apply all the auto insurance discounts for veterans you qualify for. Keep reading our guide to learn more about car insurance student discounts and which companies offer cheap insurance for college students. We compare rates from these companies and more to help you find the most affordable car insurance quotes in your area.

Affordable car insurance for college students is within your reach when you know where to look. Scroll down for a complete list of car insurance companies that offer student driver discounts.

Which company offers the best car insurance for college students?

Finding the best car insurance for 18-year-olds will take a little research. Take advantage of our resources to make your decision. 

Below you’ll find a list of car insurance rates for students from the top companies. Each insurer offers a good student discount, and we’ve included the discount amount as well. 

Auto Insurance CompanyMonthly Student Auto Insurance RatesGood Student Discount Amount
State Farm$55325%
Liberty Mutual$1,22820%
The Hartford$1,29315%
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As you can see, GEICO offers the cheapest insurance for college students. However, its discount amount is less than you could qualify for with State Farm or Liberty Mutual. That’s why it’s important to comparison shop with multiple companies to see which offers the best rates for your family. 

Each insurer will also have different requirements for student drivers. For example, discounts may be exclusive to students of a certain age or who maintain a certain GPA. Let’s take a closer look at what these car insurance companies offer and how you can qualify for discounts.

How To Get Student Discounts on Car Insurance

In general, student drivers must do the following to qualify for discounts:

  • Maintain a GPA of “B” (3.0) or higher
  • Be under 25 years of age
  • Be a full-time student
  • Have a good driving record

Some companies will vary on these requirements, but you can expect each to have its own version. For example, State Farm requires all student drivers to complete a five-course driving lesson and drive for five hours with a mentor before the discount is applied.

Other insurers have more specific requirements. For example, Allstate only offers its discount to students who go to school within 100 miles of where the insured vehicle is garaged. On the other hand, Progressive offers an additional discount to drivers who live farther than 100 miles away.

And if you want to shop with GEICO, the company also offers additional discounts to members of sororities, fraternities, honor societies, and other university organizations. The table below breaks down all the car insurance discounts available with the top companies. The discount amount is listed if it’s known.

Auto Insurance Discounts From Top Companies

Auto Insurance DiscountsAllstate (%)American Family (%)Farmers (%)GEICO (%)Liberty Mutual (%)Nationwide (%)Progressive (%)State Farm (%)Travelers (%)USAA (%)
Adaptive Cruise ControlN/AN/AN/AN/A5xxN/AN/AN/A
Adaptive HeadlightsN/AN/AxN/A5xxN/AN/AN/A
Anti-lock Brakesxxx555x5xx
Claim Freexxx26x10x152312
Continuous CoveragexxxxN/AN/AxN/A15N/A
Daytime Running Lightsxxx155xN/Axx
Defensive Driverxxxx105105103
Distant StudentxxxxN/A10xx7x
Driver's Edxxxx10N/A101583
Driving Device/AppxxN/Ax30402050305
Early SigningxxxxN/A8xN/A1012
Electronic Stability ControlxxxN/A5xxN/AN/AN/A
Emergency DeploymentN/AN/AN/A25N/AN/AN/AN/AN/AN/A
Engaged CoupleN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Family LegacyN/AxN/AxN/AN/AxN/AN/A10
Family PlanN/AxxN/AN/A25N/AN/AN/AN/A
Farm VehiclexN/AxxN/AN/AN/AN/AN/AN/A
Federal EmployeeN/AN/Ax810N/AN/AN/AN/AN/A
Forward Collision WarningN/AN/AN/AN/A5xxN/AN/AN/A
Full PaymentN/Axxx$5N/AxN/A7.5N/A
Further EducationN/AN/AN/Ax1015N/AN/AxN/A
Good CreditxxN/AN/AN/AxxxN/AN/A
Good Studentxxx1522.510x2583
Green VehiclexN/A5N/A10N/AN/AN/A10N/A
Lane Departure WarningN/AN/AN/AN/AxxxN/AN/AN/A
Life InsurancexN/AN/AN/AN/AxN/AN/AN/AN/A
Low Mileagexxxxxxx30xx
Military GaragingN/AN/AN/AN/AN/AN/AN/AN/AN/A15
Multiple DriversN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Multiple Policies1029x102010121713x
Multiple Vehiclesxxx25102010208x
New Customer/New PlanN/AN/AN/AN/AxN/AN/AN/AN/AN/A
New GraduateN/AN/AN/AN/A5N/AN/AN/AN/AN/A
Newer VehiclexN/AxxN/Axx401012
Newly LicensedN/AN/AN/AN/A5N/AN/AN/AN/AN/A
Occasional OperatorN/AN/AN/AN/AN/AN/AN/AN/AN/Ax
On-Time PaymentsxN/AN/AN/AN/AN/AN/AN/A15N/A
Online ShopperN/AN/AN/AN/AN/AN/A7N/AN/AN/A
Paperless DocumentsxxxN/AN/A5$50N/AN/AN/A
Paperless/Auto BillingxxxN/Ax$30x$233
Passive Restraintxxx40x20x40xx
Recent RetireesN/AN/AN/AN/A4N/AN/AN/AN/AN/A
Roadside AssistanceN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Safe DriverN/AN/Ax15N/A3531152312
Seat Belt UseN/AN/AN/A15N/AN/AN/AN/AN/AN/A
Senior DriverxN/AxN/AN/AN/AN/AN/AN/Ax
Stable ResidenceN/AN/AN/AN/AN/AxxN/AN/AN/A
Students & AlumniN/AxN/Ax107N/AN/AN/AN/A
Switching ProviderN/AxxN/A10N/AxN/AN/AN/A
Utility VehiclexN/AxxN/AN/AN/AN/AN/AN/A
Vehicle Recoveryxxx153525x5xx
VIN EtchingN/AN/AxN/A5xxN/Axx
Young DriverN/AN/AN/AN/AxN/AxN/AN/A$75
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How many discounts do you qualify for with your insurer? If another company offers better discounts to veterans and college students, start comparing car insurance quotes. It can pay to shop around with multiple companies to see which offers the best rates and discounts for your college student.

Compare quotes from the top auto insurance companies and save!

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Why is car insurance so expensive for college students?

Finding affordable car insurance for college students isn’t hard, but you’ll run into a few challenges. For example, student car insurance rates are more expensive than the average drivers’ simply due to lack of experience. So, be prepared to pay more by default.

To give you an idea of how car insurance rates can vary by age, take a look at how State Farm and USAA car insurance rates can vary for 17-year-old to 25-year-old drivers:

Average Annual Auto Insurance Rates by Age and Gender

GroupState Farm Average Annual RatesUSAA Average Annual Rates
Married 35-year old female$2,081.72$1,551.43
Married 35-year old male$2,081.72$1,540.32
Married 60-year old female$1,873.89$1,449.85
Married 60-year old male$1,873.89$1,448.98
Single 17-year old female$5,953.88$4,807.54
Single 17-year old male$7,324.34$5,385.61
Single 25-year old female$2,335.96$1,988.52
Single 25-year old male$2,554.56$2,126.14
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Unfortunately, single drivers under the age of 30 pay the most for car insurance. If you’re a young driver, college student, or have a student driver at home you want to add to an existing policy, prepare for your car insurance rates to go up. 

Insurance companies incorrectly assume that young drivers cause the most accidents. However, recent research by the Insurance Information Institute found that drivers between the ages of 25-34 were behind the most accidents (17.6%) in 2019. Drivers between 16-24 years were responsible for 11.4% of accidents, less than any age group younger than 74 years.

The good news is that young drivers may pay more but can qualify for multiple discounts, including those listed in the table above. When you stack these discounts with your military discount, you can save up to 30% or more on auto insurance.

How can college students get cheap car insurance?

Stacking discounts is the easiest way for college students to save money on car insurance. However, there’s more than one way to lower your rates, including driving an older vehicle and parking your car in a garage. College students can also adjust their coverage levels and deductibles to get more affordable car insurance.

Adding a college student to a roommate’s or parent’s policy can lower rates, too, but they’ll raise the overall rates of every other driver on the policy due to their age. However, if those drivers are willing to compensate for a younger driver’s risk, it’ll help college students avoid the exorbitant rates of an individual policy.

Where is the best affordable car insurance for college students?

The best insurance for students and veterans is as follows:

  • GEICO – $388/mo
  • USAA – $425/mo
  • Nationwide – $478/mo

A quick online comparison will show you that GEICO offers the most competitive rates. However, while companies like Progressive and State Farm may have more expensive rates upfront, each offers additional perks to students that can further reduce their rates.

Shop around and compare these rates with quotes from multiple companies in your area. Just because young drivers pay more for coverage doesn’t mean you can’t find affordable car insurance for college students.