General

Best car insurance for students 2022

Best car insurance for students 2022

*These ratings are based on our overall research, but providers are ranked by how they performed in our student auto insurance research. Rate estimates in this and other table are based on the profile of a 24-year-old driver, the youngest age for which data is available.

#1 State Farm: Most Popular Provider

Better Business Bureau (BBB) ​​review: A+
AM Best Financial Power: A++
JD Power claims satisfaction: 892/1,000

With a 15.9% market share according to the National Association of Insurance Commissioners (NAIC), State Farm is the nation’s most popular auto insurer. The company excels especially when it comes to student car insurance.

State Farm offers students a number of opportunities to save money, including both good students and student discounts. The company also has two telematics programs, with Steer Clear specifically tailored to newer drivers. In addition to monitoring driving, Steer Clear includes driver training and typically leads to lower rates upon completion.

Keep reading: State Farm Insurance Review

#2 USAA: low fares for military personnel

BBB rating: A+
AM Best Financial Power: A++
JD Power claims satisfaction: 909/1,000

USAA typically offers some of the lowest auto insurance rates, with students often receiving deals. The company also ranks near the top of several insurance industry surveys. Remember that USAA coverage is only available to military members, veterans and their families.

If you qualify, USAA is definitely worth a look. In addition to the already high-quality and low-cost auto insurance coverage, students may be eligible for multiple discounts to reduce costs. The company also has a few specialty products and policies for military members and military families that may be helpful.

Keep Reading: USAA Insurance Review

#3 Geico: Editor’s Choice

BBB rating: A+
AM Best Financial Power: A++
JD Power claims satisfaction: 881/1,000

Geico won our Editor’s Choice award in a survey of the best auto insurance companies for its outstanding overall performance. The company offers highly rated coverage and affordable rates to a variety of drivers, including most students.

Geico also offers a wide variety of insurance options, including high coverage limits that can be useful for inexperienced drivers. Students who rarely use their vehicle during college can also take advantage of the company’s usage-based auto insurance.

Keep Reading: Geico Insurance Review

#4 Progressive: low fares for high-risk drivers

BBB rating: Not judged
AM Best Financial Power: A+
JD Power claims satisfaction: 862/1,000

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

The company offers both good student and distant student discounts, along with a relatively rare discount specifically aimed at teenage drivers. This could help reduce the cost of Progressive car insurance for younger students.

Keep in mind that Progressive has below average customer satisfaction due to the way it handles claims. Our team contacted Progressive for comment on the claim process, but received no response.

Keep reading: Progressive Insurance Review

#5 Travelers: Most Cover Options

BBB rating: A
AM Best Financial Power: A++
JD Power claims satisfaction: 871/1,000

Travelers is another great provider that offers reasonable rates for student auto insurance. Students can take advantage of many discounts to keep funding levels on the lower side. In addition to student discounts, the company offers savings for taking a defensive driving course and for insuring hybrid or electric vehicles. And the optional accident forgiveness program can keep your premiums from increasing after an accident.

Travelers receive a less than excellent score on the claims process, receiving just 871 out of 1,000 points in the JD Power 2021 US Auto Claims Satisfaction Study℠. We contacted Travelers with a comment on the claim process but never received a response.

Keep reading: Traveler insurance review