Compare Student Driver Car Insurance Rates [2023]
Car insurance rates for students tend to be high, but if you're away at school, you may be driving less, which may lower your rates. Discounts could save you as much as $350 a year.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
UPDATED: Jun 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Jun 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Usually most of a student’s time during the school year is devoted to studies
- Since students do not usually drive as much as other adults, they are considered low-risk clients
- If you’re a college student, take comfort in the fact that there few occupations have lower average car insurance rates than you
- Discounts for students away at college could be as much as $350 a year
In fact, in a recent ranking of car insurance rates by occupation, students came in with the ninth-lowest rate among more than 60 occupations.
A student refers to college students who either live at home and commute or who live on campus, not high school students.
High school students are classified as minors on their parents’ insurance policies.
Once a student graduates from high school and enters college, an insurance company views him or her as an adult.
Enter your ZIP code now to find insurance rates for students.
Can I get a student discount on car insurance?
Students drive less than other adults which means two things to the insurance company:
- Students spend less time driving for purposes of leisure activities which reduces the likelihood that you’ll be involved in a car accident due to reckless driving
- Students are given the benefit of the doubt in assuming that because you are in college, you have a more serious mindset than your working peers
Whether it’s true or not, it is generally assumed that students will be a lot less risky in their behavior in all areas.
A driver who is less risky behind the wheel is also one who is less likely to file an accident claim.
Another part of the equation is the fact that student economics generally dictate that these types of individuals don’t have a lot of disposable income.
Usually, students drive old, beaten up jalopies which are obviously less expensive to insure.
The idea of student economics and car insurance rates is as much a benefit to students as it is to insurance carriers.
Between the high cost of tuition, textbooks, and everything else a student is paying for, having lower insurance premiums is obviously a big benefit.
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Students at Home
Student car insurance rates can be made even less expensive if a student lives at home and commutes a very short distance to school.
Furthermore, if he drives a parent’s car rather than owning his own, his insurance will be even less expensive.
One thing to remember is that states differ in how long a student can remain on his or her parent’s policy. Many have an age limit of 26.
In other words, as long as a person remains a college student he can stay on his parents policy up until his 26th birthday.
After that, the person will be required to purchase his own car insurance, whether he remains a student or enters the workforce.
Enjoy those lower rates while you can, because you may not have them forever.
Compare car insurance rates online by entering your ZIP code into the FREE box now.
Frequently Asked Questions
What is student driver car insurance?
Student driver car insurance is a type of auto insurance designed specifically for young drivers who are either learning to drive or have recently obtained their driver’s license. It provides coverage for the student driver’s vehicle and helps protect against potential risks and accidents on the road.
Why is car insurance more expensive for student drivers?
Car insurance tends to be more expensive for student drivers due to their lack of driving experience and higher likelihood of being involved in accidents. Statistically, young and inexperienced drivers are considered higher risk by insurance companies, leading to higher premiums. However, there are ways for student drivers to mitigate these costs.
What factors influence the cost of student driver car insurance?
Several factors influence the cost of student driver car insurance, including:
- Age: Younger drivers generally pay higher premiums.
- Driving experience: Lack of driving experience may result in higher rates.
- Type of vehicle: The make, model, and age of the vehicle can impact insurance costs.
- Location: Insurance rates may vary based on the location of the student driver’s residence.
- Academic performance: Some insurers offer discounts for good grades.
How can student drivers find affordable car insurance rates?
To find affordable car insurance rates as a student driver, consider the following tips:
- Compare quotes: Obtain quotes from multiple insurance providers to compare rates and coverage options.
- Take driver’s education courses: Completing a driver’s education course can often lead to lower premiums.
- Maintain good grades: Many insurers offer discounts for students who achieve good academic performance.
- Consider a safe vehicle: Choosing a safe and reliable vehicle can help lower insurance costs.
- Stay claims-free: Avoiding accidents and traffic violations can help keep insurance rates down.
Are there any specialized insurance programs for student drivers?
Some insurance companies offer specialized programs for student drivers, such as safe driving programs or usage-based insurance. These programs may involve installing a device in the vehicle that monitors driving habits and offers discounts based on safe driving behaviors. It’s worth exploring such programs to potentially reduce insurance costs for student drivers.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Joel Ohman
Founder & CFP®
Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...
Founder & CFP®
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.