College students may have particular needs for car insurance. Bankrate explains.
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Insurance Company ▲ ▼, Liability Only ▲ ▼, Full Coverage ▲ ▼, IQ Score ▲ ▼ ; COUNTRY Financial, $21, $47, 8.8 ; NJM, $37, $64, 9.4 ; Auto-Owners, $59, $128, 8.5
The best cheap car insurance for students is from State Farm and GEICO. But comparison shopping can help you find the best rates.
Full coverage car insurance for an 18-year-old driver on their own policy costs an average of $485 per month. There's a difference of $522 per month between the cheapest insurance company, Erie, an...
Key Takeaways ; The average annual cost of a car insurance policy among insurers we analyzed is $2,068, compared to $1,459 a year ago. ; USAA has the lowest sample premiums in our study, but its policies are only available to current and former members of the military and their families. ; Erie, which is available in 12 states and Washington, D.C., has the lowest rates we found for teen drivers.
Geico has the cheapest car insurance for college students, averaging $65 per month. College students can save hundreds of dollars on car insurance by comparing rates.
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
Travelers offers the cheapest full-coverage car insurance for 18-year-olds, with average rates about 33% cheaper than the national average. ; Geico, State Farm, Erie Insurance and USAA round out our top five auto insurers for 18-year-old drivers. ; Full-coverage car insurance for an 18-year-old costs $5,669 per year or $472 per month on average. ; 18-year-olds entering college can take advantage of special discounts for good grades, vehicle storage, and low-mileage driving from select insurance providers.
Looking for car insurance discounts? GEICO has a long list of discounts available to our auto insurance customers, so see how much money you could save.