Best Car Insurance For College Students

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Drivers that fall between the ages of 16 and 25 actually pay more for their car insurance than any other age group.

Unfortunately, young drivers are often seen as reckless drivers and more likely to commit moving violations and file claims against their insurance. The problem with this is that students can’t always afford decent car insurance because of this.

The question is which insurance companies are going to offer you a good policy without emptying your bank account. Well, we are here to help.

We have compiled a list of the best insurance companies that offer great policies at affordable rates, especially for students who are having to borrow money from their parents, or even friends.

We have taken into thought any discounts, perks, and other money saving opportunities to help you choose the right company and policy. These companies offer the best insurance coverage for the best prices.

Here are The Smart Investor Select’s picks for the top car insurance companies for college students:

Erie Insurance

Erie Car Insurance review

On Erie Insurance Secure Website

  • Overview
  • Coverage
  • Pros & Cons

Erie insurance offers low and discounted prices as well as low premiums. The company provides discounts for seniors, youngers, and safe drivers to keep prices affordable.  It has all the expected auto insurance standard plans and extra coverage loaded with various benefits specific to each state. The company has a series of unique extras and discounts which are largely unavailable in other insurance operations.

  • Liability coverage
  • Collision and Comprehensive Coverage
  • Uninsured motorist protection
  • Underinsured motorist protection
  • Personal Injury Protection
 
  • Affordable rates
  • Attractive Discounts
  • Customer satisfaction
  • Lock-in feature
  • Lack of a Mobile app
  • It only operates in a few states

Nationwide

nationwide car Insurance review

On Nationwide Secure Website

  • Overview
  • Coverage
  • Pros & Cons

You can take advantage of quite a lot of bundling options with Nationwide that you won’t easily find with other insurance firms. Nationwide is great for you if you have a spotless driving record as you will be treated to some of the cheapest rates available. However, if your driving history has some blemish, you might want to look elsewhere for coverage. Seniors will find this company more appealing than youngers as rates tend to get cheaper the older you get.

  • Liability coverage
  • Collision coverage
  • Comprehensive car insurance
  • Medical payments
  • Uninsured motorists’ coverage
  • Personal injury protection
  • Property damage liability
  • Roadside and accident assistance
 
  • Financial capability
  • Educational resources
  • Well-designed website
  • On your side auto repair network
  • Well-crafted mobile app
  • Unattractive prices for certain folks
  • Inconsistency in support
  • No ride-sharing protection
  • Credit score checking

Progressive

progressive auto insurance review

On Progressive Secure Website

  • Overview
  • Coverage
  • Pros & Cons

Low prices are one of the things that made Progressive so popular among Americans that the company even encourages you to compare its rates with other insurance providers right on its website with a price comparison tool.

You will find the company provides standard car coverage options other insurers offer (like liability, personal injury protection, medical payments, etc.) and perks (like accident forgiveness, deductible reduction, etc.) when Progressive covers you. Of course, Progressive offers other insurance products like home, life, and renters through third party companies.   

  • Liability coverage
  • Comprehensive coverage
  • Collision coverage
  • Personal injury protection
  • Uninsured/underinsured motorist coverage
  • Medical payments coverage
 
  • Pet injury protection
  • Rideshare protection
  • Leading car insurance company
  • Encourages safe driving
  • Accident forgiveness
  • Competitive rates and discounts
  • Name your Price
  • No safety equipment discount
  • Below average customer service score

Liberty Mutual

Liberty Mutual Car Insurance Review

On Liberty Mutual Secure Website

  • Overview
  • Coverage
  • Pros & Cons

The Liberty Mutual Insurance Auto policy is known for its affordable coverage prices and numerous discounts; this may be why it has a sixth-place largest insurer ranking. It provides several coverage options to select from, for you, for others, and your automobile. Some of the packages are standard benefits that come with the policy, while some are additions for a price. This coverage includes vehicle, liability, medical, uninsured driver, car replacement, and reimbursement. Soldiers and school students are entitled to some discounted packages, as are cars and driving methods.

  • Medical Payments Coverage
  • Body Injury Liability Coverage
  • Property Damage Coverage
 
  • Brilliant Website Design
  • Mobile Application on-the-go
  • Numerous Policies
  • Discount Offers
  • High Financial Rating
  • Above-average costs
  • Differing geographical rates

GEICO

Geico auto insurance review

On GEICO Secure Website

  • Overview
  • Coverage
  • Pros & Cons

GEICO provides lots of car insurance coverage options and is popular for its great customer service, as well as its great mobile app for customers. GEICO focuses on online sales to customers rather than the use of agents, which has given the company the ability to keep low rates coupled with providing similar products of other big insurers. Due to its pricing and convenience, it is known as the best option for consumers that are cost-conscious.

  • Property damage
  • Bodily injury
  • Personal Injury Protection
  • Medical Payments
  • Comprehensive
  • Collision
 
  • Excellent 3rd-party ratings
  • Great mobile app
  • Multiple Policy discounts
  • New cars have mechanical breakdown insurance
  • Gap insurance absent
  • It may be difficult to get a local agent
  • Accident Forgiveness cannot be found in all states
  • Some coverage options missing

Mercury

Mercury car Insurance review

On Mercury Secure Website

  • Overview
  • Coverage
  • Pros & Cons

Mercury is mostly known for its auto insurance services.

Mercury car insurance products include liability protection, collision protection, comprehensive coverage, medical payments coverage, personal injury protection (PIP), uninsured/underinsured motorist coverage, and rental car coverage. The additional coverages offered by Mercury auto insurance are roadside assistance and Ride-Hailing Insurance. Though its primary customer base is in California, it also renders some of its additional insurance services in 10 other states in the US.

  • Liability Protection
  • Collision Protection
  • Comprehensive Coverage
  • Personal Injury Protection
  • Uninsured and Underinsured Motorists Coverage
 
  • Wide local access
  • Low rates
  • Easy registration
  • Digital ID
  • Name your Price
  • Limited benefits
  • Delayed repairs
  • Poor online reviews