Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 18, 2020

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Key takeaways...

  • Young drivers usually pay more for their car insurance
  • Earning good grades and taking a defensive driving course can lower your monthly premium
  • Compare at least three different quotes before making a final decision

As a young driver, you will generally be required to pay higher car insurance premiums than older and more experienced drivers (usually aged 25 or over).

However, this does not mean its impossible to find affordable car insurance coverage from car insurance companies.

Students are usually in the age group that is charged the most for their auto insurance premiums, but there are several auto insurance companies that make it possible for students to purchase their auto insurance.

Enter your zip code above and find the best insurance for you!

Table of Contents

Student Car Insurance

Much like banks competing in the market for student credit cards, car insurance companies aggressively compete within the teenage market.

It’s very profitable to hook consumers when they are young and most impressionable for a chance at a lifetime of reoccurring car insurance premiums.

Cheap car insurance” is a very common tagline for ads aimed at teenage or student drivers and for good reason.

Students are on budgets and anything cheap sounds good however the purchase of auto insurance should never be considered simply based on the cost of premiums.

Every student who thinks mandatory car insurance is a nuisance should understand car insurance is probably the biggest asset you will have in your teenage life and one that is more important than your iPod.

If you are involved in a serious car accident and have no car insurance it is quite possible you could lose your entire college fund and be stuck with bad credit for years.

Many companies offer affordable student car insurance policies by comparing car insurance quotes.

They will vary from one car insurance company to another but it’s up to you to ask around. Some good steps to find the cheapest car insurance include asking your student union about car insurance discounts.

Many have deals with car insurance companies or offer a driver education course that provides insurance discount certificates.

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Different Auto Insurance Companies Follow Different Rules

When students perform an online search, they will seek a quote from several insurance companies.

Different auto insurance companies give different quotes because they all have different ideas of who they would like to insure.

For example, some insurance companies really want to have good drivers as their clients, and to make this happen they offer good drivers a discount.

In contrast, another insurance company may want to cater to those who have had a few accidents.

These companies will do this by offering people with one or two accidents on their records an attractive rate. For this reason, the person with the accidents will be quoted a higher rate with the first auto insurance company.

Some companies see young drivers as a nuisance to be avoided, or else they like to charge them the highest rates.

Other auto insurance companies like to give students a break because they know they are a large portion of the driving population who needs insurance.

The Most Dangerous on the Roads Are Young Student Drivers

Young Male Students Fare Even Worse Than Female Students

Young drivers are seen as the most dangerous drivers for several reasons:

• The number one cause of death for teenagers in the car collision
• Teen drivers drive more recklessly when they are transporting other teen passengers without adult supervision
• The most inexperienced drivers, those who have had their licenses for a year, have the most car collisions

All teens, because they are inexperienced, have difficulties when they drive on the roads, but males have even worse statistics than young women do:

  1. Nearly twice the number of males died in car crashes than females between the years 2000 and 2006; 12,479 males died, while 6,579 females died in car collisions.
  2. Fewer male drivers wear seatbelts than female drivers; 12.5 percent of boys in high school do not wear seat belts on a regular basis, while only 7.8 percent of high school girls admitted to not wearing seatbelts.

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Why are students the most at risk for accidents?

Teenage students have been found to be the most susceptible to be involved in car collisions because of teenagers.

Take greater risks than older, more experienced drivers drive faster than their older counterparts. Do not wear seat belts as often as older drivers.

While driving under the influence of alcohol, they are more likely than older drivers to be involved in an accident.

As parents seek to add their teenagers to their auto insurance policies, they witness their insurance premiums skyrocket for the reasons listed above.

Parents and teens have opportunities to lower those insurance premiums if they pursue those auto insurance companies that have discounts just for students.

When people seek quotes online to compare those auto insurance quotes, they will then call each insurance company that appears to have a promising rate.

Then they can inform the insurance company of their unique situations in order to find out which discounts each particular insurance company can give them.

Ways to Qualify for Lower Premiums

The auto insurance companies may not ask prospective clients how they qualify for their discounts, so it is up to each person to tell the insurance agent what it is about them that would give them a break on their insurance premiums.

Some of the things students can do include:

  1. Inform the insurance company that they live very close to their schools; students that do not have as many miles to drive have less of a chance of being involved in an accident.
  2. Let them know that their school is located in a rural area without much traffic; fewer cars on the road makes it less likely that vehicles can run into each other.
  3. Tell them that the student will be working. Insurance companies believe that those who work to pay for their schooling will be more responsible and will not be driving to as many parties as those who are not working.
  4. Make sure to maintain a good credit score; drivers with the highest credit scores are believed to be responsible because they pay their bills on time and do not have serious marks against them such as a bankruptcy.
  5. Refrain from speeding, driving recklessly or under the influence of alcohol or drugs and try not to cause any accidents.
  6. Have a higher deductible. The deductible is the amount that the policyholder will agree to pay before the insurance company takes over. The higher the deductible, the lower the auto insurance company can set the premiums.
  7. Insurance companies give discounts to those who pay the entire year’s premiums up front; those who elect to pay their premiums electronically on a quarterly basis also may receive a discount.

Discounts for High School and College Students

Students can also earn discounts by maintaining a grade point average of 3.0 or higher.   In addition, purchasing a safe vehicle with airbags also entitles students to a discount.

Earning a defensive driving certificate shows that you’ve taken the time to learn the safest way to operate a vehicle

Students often have a hard time finding affordable insurance, because they belong to a group that has the highest numbers of accidents. But students do not have to fear their search for affordable auto insurance.

The key to finding cheap car insurance is comparing quotes from different companies. So, if you’re ready to get started, enter your zip code below to get started for FREE!

References:

  1. https://www.statefarm.com/customer-care/life-events/teaching-a-teen-to-drive
  2. https://www.thebalance.com/understanding-minimum-car-insurance-requirements-2645473
  3. http://www.iihs.org/iihs/topics/t/general-statistics/fatalityfacts/gender
  4. https://www.esurance.com/info/car/myth-your-credit-score-doesnt-affect-your-insurance-rate
  5. https://www.ncadd.org/about-addiction/driving-while-impaired-alcohol-and-drugs