Best Car Insurance for College Students
According to Average Cost of College & Tuition it is research that, Students of United States are spending about 32887$ on annual basis which includes tuition fee, room rent, board fee and other miscellaneous expenses. you can also add other expenses like traveling costs, clothing expenses and mobile phone expenses, in the light of all these facts car insurance for students who are struggling can be huge expense.
After analyzing data of many national brands we have search few companies for students. We have compared the discounts available for students and also premiums. Customer satisfaction has also been analyzed in this research.
1- Allstate
2- GEICO
3- State Farm
4- Metromile
5- Auto-Owners
6- USAA
1- Allstate
Allstate Stands for Insurance information institute. It is one the largest insurance provide in USA. In the nation it is on 4th No. Its market share is about 9.99%. Normally it gives discounts to students. it provides maximum coverage.
Pros and Cons are mention below.
Pros:-
1- It provides discounts to college students.
2- It provide coverage to college students.
3- It has best mobile app.
4- It is available in about 49 states.
Cons:-
Its premiums are high as compare to others.
Claims satisfaction ratings are very low as compare to other companies.
Coverage:-
AS we know that nation has many car insurance companies but Allstate is forth leading car insurance company of this time. This includes all the packages from bare-bones coverage to a huge package, like roadside assistance package, battery reboot, towing
coverage.
Discounts:-
For the college students all stay provides best services because of the verity for discounts and packages that a specified for collage students on some of them appended below.
1- It gives 25% discount to B average students.
2- It gives 20% discount to students , who travel about 100 miles or more from their living area to collage.
3- It also provide mile wise program also which allows students to save more money. Premium will be according to number of miles in a whole month.
Availability:-
It has about more than 15k agents in the nation. It provide car insurance policy to the students in more than 49 states. Students can enroll their car insurance though company agents.
Customer Satisfaction:-
It has A+ ratings in customer satisfaction. In 2019 it has resolved the complaints for past three years.
2- GEICO:-
GEICO provides lowest premiums rates as compare to other student car insurance companies. Pros and Cons are mention below.
Pros:-
1- Its rates are highly competitive.
2- It has high ratings in customer satisfaction.
3- All in around every state about more then 49 states.
Cons:-
1- It provides less discount to students.
2- you could not access to local agents easily.
Discounts:-
It provides lowest premium rates as compare to other insurance companies. It provide about 15% discount to college students. It provides discounts to those students whose car has safety features. It also provides discounts to students who are they permanent customers from years.
Availability:-
It is available in about more than 49 states.
Customer Satisfaction:-
It is the 2nd largest company of the nation, with A++ customer satisfaction ratings.
3- State Farm:-
It is the first latest car insurance company of the nation. It holds about 16% of market share. If you are below 25 then they will provide you about 25% of discount annually. Pros and Cons are appended below.
Pros:-
1- It has competitive rates.
2- It provides discounts to college students.
3- It provides rideshare insurance.
Cons:-
1- It claims satisfaction ratings are not high.
2- You can get insurance policy by local agents.
Coverage:-
It provides many common types of insurance rental car insurance, GAP insurance and emergency road side assistance. It also gives rideshare insurance to uber drives.
Discounts:-
College students can get number of discounts from State Farm insurance company. It provides good student discount. Students of high school and colleges who main good grades State Farm Insurance company give them about 25% discount which is very impressive discount. It also provide student away discount. It also provides steer clear discount. Drives who are under 25 and having a clear driving history can get discount up to 15%.
Availability:-
As it is the nation’s largest car insurance company so it is available in more then 49 states. It is different from most of other insurance companies as you don’t has to insure form central headquarters like other insurance companies.
Customer Satisfaction:-
It is better than most of other insurance companies having good customer satisfaction level.
3- Metromila:-
It is California-based car insurance company. It has very good policies for drives. It is best for those who don’t travel a lot. It is best option for college students because they don’t drive a lot. Its pros and cons are appended below.
Pros:-
Metromila insurance company Pros:-
1- Metromile insurance company set its premium according to actual driving time of cars.
2- It facilitates its customer with smart phone app.
Cons:-
1- It is not much available in the nation.
2- It is not good for the students who have to drive long.
Coverage:-
It provides all types of standard car insurance. Metromile’s premium rate is calculated by you driving time. If you drive more than your monthly premium amount will be more and in case you drive less time than your premium amount will be less. You have to install Mertromile’s Smart Driving device in your vehicle. You have to download the smart phone app. It provides a overall coverage like rental car reimbursement for drivers, towing coverage and roadside assistance. Its app gives the exact location of you car where you have parked, so it also help you to locate your car. It also provides details regarding health of car.
Discounts:-
It does not provide any kind of discount as they already charge you according to your driving time and distance.
Availability:-
It is less available as compare to other top rating companies. It is just available in Washington, Oregon, Oregon, Califonia, Virginia, Pennsylvania, New Jersey and Arizona only.
Customer Satisfaction:-
Customer satisfaction ratings are good, having A+ rating.
Auto-Owners Insurance:-
It is the oldest car insurance company because it was established about 100 year ago. It coverage is not much available as just in 26 states. It provide discounts to students. pros and Cons are appended below.
Pros:-
1- It provide discounts to students.
2- It is the longest standing market history.
3- Their policies are good.
Cons:-
1- It is less available as compare to other insurance companies.
Coverage:-
It provide all kind of standard car insurance to drivers. It covers the diminished care value coverage. It also provides GAP coverage. It also provide road side assistance. It provides you coverage of stolen personal items by personal automobile plus package.
Discounts:-
It offers different types of discounts. It best discount for college students, as by providing good student discount. Good Student discount is about 20% of annual premium. It also gives discounts to school students, which is about 25%.
Availability:-
It is available in the following states.
1- Virginia
2- Utah
3- Tennessee
4- South Dakota
5- Pennsylvania
6- Nebraska
7- South Carolina
8- Ohio
9- North Dakota
10- North Carolina
11- Missuri
12- Minnesota
13- Michigan
14- Kentucky
15- Kansas
16- Indiana
17- Illinois 18-
18- Idaho
19- Lowa
20- Georgia
21- Florida
22- Colorado
23- Arizona
24- Arkansas
25- Alabama
26- Utah
It is not available in 24 other states.
Customer Satisfaction:-
It has good customer satisfaction ratings, which is A++.
USAA:-
It provides the car insurance services to the children and spouses of army members. It provide its insurance for both current and former. Their monthly premium amount is very less and their customer service is best thin all. Pros and Cons are mention below.
Pros;-
1- Their premium rates are very reasonable.
2- They give best discounts.
3- they also have website and mobile application.
Cons:-
1- It is not for all people of nation as it only give coverage to military families.
2- they don’t have any kind of local agent concept.
Coverage;-
USAA is the best car insurance company for army persons and their children. It provides the coverage like towing coverage, roadside assistance. It provides banking services. it also give health insurance.
Discounts:-
It give significant discounts. It provide good student discount.
Availability:-
It is available all over the nation about 50 states.
Customer Satisfaction:-
In customer satisfaction it is top rating.
Do College Students Need Car Insurance?
Car insurance is very helpful for students because it help them in difficult time when their vehicle got damaged then the insurance company will pay the amount. As usually students do not have much money to cover accidental loss.so they can pay only the small amount to cover the loss this is also a good option. If a student uses the car to go to college and than back to home then he should buy a car insurance policy. Car insurance policies not only give protection to students but also give good discounts for students.