Best car insurance for students 2022

0

*These ratings are based on our overall study, but providers are ranked based on their performance in our student car insurance study. Rate estimates in this table and others are based on a driver profile of 24, the youngest age for which data is available.

#1 State Farm: most popular supplier

Rating from the Better Business Bureau (BBB): A+
AM Better financial strength: A++
JD Power is satisfied: 892/1000

With a 15.9% market share according to the National Association of Insurance Commissioners (NAIC), State Farm is the nation’s most popular auto insurance provider. The company particularly excels in automobile insurance for students.

State Farm offers a number of opportunities for students to save money, including both good students and absent students at school discounts. The company also has two telematics programs, with Steer Clear specifically adapted to new drivers. In addition to monitoring driving behavior, Steer Clear includes a driver education course and generally leads to lower rates upon completion.

Keep reading: State Farm Insurance Review

#2 USAA: Low fares for the military

BBB rating: A+
AM Better financial strength: A++
JD Power is satisfied: 909/1000

USAA typically offers some of the lowest rates on car insurance, with students often benefiting from deals. The company also ranks among the best in various insurance industry studies. Remember, USAA coverage is only available to military personnel, veterans, and their families.

If you qualify, USAA is definitely worth a look. In addition to already high-quality and inexpensive car insurance coverage, students can take advantage of several discounts to keep costs down. The company also offers a few specialty products and policies for military members and military families that may come in handy.

Keep Reading: USAA Insurance Review

#3 Geico: Editor’s Choice

BBB rating: A+
AM Better financial strength: A++
JD Power is satisfied: 881/1000

Geico won our Editor’s Choice award in a study of top car insurance companies for its superb overall performance. The company offers highly rated coverage and affordable rates to a variety of drivers, including most students.

Geico also offers a wide range of insurance options, including high coverage limits which can be useful for inexperienced drivers. Students who rarely use their vehicle while in college could also benefit from the company’s usage-based auto insurance policy.

Keep Reading: Geico Insurance Review

#4 Progressive: Low rates for high-risk drivers

BBB rating: Unclassified
AM Better financial strength: A+
JD Power is satisfied: 862/1000

Although the company offers reasonable rates for most motorists, Progressive has specialized for decades in serving high-risk drivers. With statistics ranking college students among the riskiest groups, Progressive is worth considering.

The company offers both Good Student and Distant Student discounts, as well as a relatively rare discount specifically aimed at teenage drivers. This could help reduce the cost of Progressive car insurance for young students.

Keep in mind that Progressive has a lower than average customer satisfaction rating due to the way it handles complaints. Our team reached out to Progressive for feedback on its claims process, but did not receive a response.

Keep Reading: Progressive Insurance Review

#5 Travelers: most coverage options

BBB rating: A
AM Better financial strength: A++
JD Power is satisfied: 871/1000

Travelers is another major provider that offers reasonable rates on car insurance for students. College students can take advantage of many discounts to keep coverage rates at the lower end. In addition to student discounts, the company offers savings for taking a defensive driving course and for insuring hybrid or electric vehicles. Plus, the company’s optional accident forgiveness program can keep your premiums from skyrocketing after an accident.

Travelers receives a less than stellar score for its claims process, receiving just 871 points out of 1,000 in JD Power’s 2021℠ US Auto Claims Satisfaction Study. We contacted Travelers for comment on its complaints process, but never received a response.

Keep Reading: Travelers Insurance Review

Share.

Comments are closed.