How to get student discounts on car insurance

If you’re a high school or college student with a car, you’re probably paying more for car insurance than your parents.

This is because younger drivers usually have to pay more premiums for insurance coverage. For example, the average U.S. driver spends about $2,014 on auto insurance per year (according to Bankrate), but the typical 20-year-old young adult with their own policy pays more than $4,300 per year for full coverage.

However, students can also take advantage of the discounts insurance companies have for college and high school enrollees. Just be sure to pay attention to age restrictions when shopping these deals, as most discounts are only available to people under a certain age, which varies by company.

Here are some ways to get a student discount on your car insurance.

You’re probably motivated to do well in your studies for more than just car insurance. But having a good GPA can help you access helpful student discounts.

Most of the companies we reviewed required a B average or better to qualify for good student discounts. Such is the case with Progressive, which offers an average discount of around 10% depending on your status. Geico, one of our top picks for student auto insurance, also offers good student discounts of up to 15%.

Progressive auto insurance

  • price

    The best way to estimate your costs is to request a quote

  • App available

  • Highlights in politics

    Progressive offers a number of insurance lines that allow for grouping and convenient tools to help you keep your coverage within your budget.

Read ours Progressive Auto Insurance Review.

Geico auto insurance

  • price

    The best way to estimate your costs is to request a quote

  • App available

  • Highlights in politics

    Geico coverage and services are available in all 50 states and the District of Columbia, and there are 16 different types of discounts. In addition to the standard coverage options, Geico offers a variety of optional add-ons such as emergency roadside assistance, rental car reimbursement and mechanical breakdown insurance.

Read ours Geico Car Insurance Review.

You will generally need to provide proof of your grades to qualify for the discount. Be sure to keep documentation, including:

  • Your current grades or report
  • Dean’s List Letter
  • Other documentation depending on your insurance company

If you go to school far away and feel you can get around well enough without a car, consider leaving it at home to lower the cost of your insurance.

Some insurance companies offer an out-of-school discount for those who leave their car at home and attend school far away, usually 100 miles or more away. With this insurance discount, you’ll still be able to use your car during school holidays or holidays and it’s an easy way to make sure your car is covered while you’re away.

Progressive was one of our top picks for their out-of-school student discount. However, they are not the only company offering this type of discount: Travelers and Liberty Mutual Automobile also offer this discount.

Travelers’ car insurance

  • price

    The best way to estimate your costs is to request a quote

  • App available

  • Highlights in politics

    Passenger auto insurance policies are affordable and backed by the sixth largest auto insurance company by market share according to the NAIC. The company also offers a number of discounts for customers, including discounts for bundling, owning a hybrid or electric car and discounts for good students.

Liberty Mutual Auto Insurance

  • price

    The best way to estimate your costs is to request a quote

  • App available

  • Highlights in politics

    Liberty Mutual offers auto insurance policies that are available nationwide and can be customized to fit your wants and needs. It also has several discounts to help drivers save, including a discount for bundling home and auto insurance, as well as discounts for students and military members.

If you decide to live off campus as a student, there’s a good chance you’ll get renters insurance to sign a lease on a house or apartment. And while renters insurance provides you with many benefits on its own (such as protecting your belongings in case of fire, theft, or other covered situations), it can also help you save on auto insurance by getting both policies from one and same company and combine them together for a possible discount.

Progressive estimates customers save about 4% by bundling their policies, and Nationwide also offers a renters discount and auto insurance packages. Both companies were top picks on our list of the best renters insurance policies because of their affordability, history of customer support and discounts, among other factors.

Progressive Renters Insurance

  • price

    Starts at under $1 per day; the premium depends on the coverage amount you choose

  • Maximum coverage

  • App available

  • Highlights in politics

    The policy covers damage or loss to personal property, loss of ability to use your rental, accidental injury caused to another person or damage to their property, injury to another person occurring in your rental space

  • It does not cover

    Items of high value such as jewellery; additional coverage will be required for such items

See our methodology, conditions apply.

National Tenants’ Insurance

  • price

    Starts at $20/month; the premium depends on the coverage amount you choose

  • Maximum coverage

  • App available

  • Highlights in politics

    The policy covers damage or loss to personal property, loss of use, personal liability, medical payments to others, additions and alterations to buildings, credit card coverage for unauthorized transactions

  • It does not cover

    Items of high value, water reserve, earthquakes, theft of items stored in a motor vehicle, trailer or vessel; additional coverage may be purchased for these cases

See our methodology, conditions apply.

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The most common ways for students to save on car insurance include a good student discount and a discount for students who leave their cars at home for the school year. Students living off campus can also save by bundling any renters insurance they may need with their car insurance.

At CNBC Select, our mission is to provide our readers with high-quality journalistic service and comprehensive consumer advice so they can make informed decisions with their money. Each auto insurance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of auto insurance products. Although CNBC Select earns a commission from affiliate partners for many offers and links, we create all of our content without input from our sales team or outside third parties, and we pride ourselves on our journalistic standards and ethics.

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