Books, tuition, and housing cost a lot of money for college students. Getting car insurance as a student is quite expensive. This is because of the high rates for insurance coverage given. Luckily, some of the best car insurance for college students in 2024 has been discovered. These car insurance companies allow you to save on insurance as a young driver. Identifying the best car policy for college students helps you make better decisions when selecting auto coverage.
If you are a college student who owns a car, getting car insurance coverage is quite important to keep you from making out-of-pocket payments for unforeseen occurrences. However, car insurance is known to be very expensive, especially for young adults. This write-up contains all the information you need concerning the best car insurance for college students in 2024.
Best Car Insurance for College Students in 2024
When selecting the best car insurance companies for college students, you need to look out for their rates and discounts offered. Insurers such as StateFarm, Progressive, USAA, Travelers, and Ggeico offer some of the cheapest car insurance for students.
HDFC ERGO
This is one of the best insurance companies in the insurance market. College students should purchase car insurance from HDFC ERGO because they have a large network of cashless garages in the country. The insurance company has added the ‘Pay as You Drive’ feature to their car insurance. This feature allows college students to get auto insurance at cheaper rates. College students who drive less than 10,000 km per year have better chances of enjoying benefits from this auto insurance company.
Reliance General
This insurer offers comprehensive car insurance coverage that is useful to cover car damages along with third-party car damages. Without any paperwork required, you can easily purchase this car insurance. Reliance General has good digital conversion life chat features and a flexible customer service support number. This company offers no-claim bonus rewards of up to 50% and elective deductibles, which help college students save on auto insurance premiums.
Bajaj Allianz
Bajaj Allianz car insurance policies are some of the best options for college students. It renders PAYD and flexible factors that attract large premium discounts to cover car damages. This car insurance company improves large claim settlement ratios with a 24/7 assistant for future emergencies. Every process related to car insurance is completely digitally recorded, and claims are processed in just a day.
Digit Insurance
For college students, this insurance company is identified as the best to purchase car insurance from. This is because it has a complete digital conversion renewal, purchasing process, chatbot system, self-inspection, and no paperwork. Aside from these features, this company offers Pay as You Drive coverage, which allows college students to save up to a maximum of 25% on damage premiums.
SBI car insurance
Every policyholder searches for a trusted car insurance company, and SNI Car Insurance has been discovered to be one of the most trusted car insurance companies to purchase insurance from. This insurer has a strong claim settlement ratio. It also has strong digital conversion, customer care, and claim settlement services. College students can easily emulate claims and submit required documents through the online mobile app.
What is the Cheapest Car Insurance for College Students?
Some car insurance companies are cheaper for college students to work with. The cheapest car insurance provider identified so far is USAA. It is an affordable auto insurance company where college students can purchase car policies. Unfortunately, this insurer is only available to collect students from a military family. For students who do not qualify for this car insurance provider, Geico is another cheapest car insurer to work with.
Do I need to get car insurance if I don’t have a car in college?
There is no need to get car insurance if you do not have a car in college. In cases where you already have car insurance and you won’t be bringing your car to school, you may need to get a new policy. This may cause a lapse in your policy, causing your car insurance company to consider you a high-risk driver and charge you more for insurance. It is a good idea to remain on your parent’s car insurance policy if you can. If you can’t, consider getting a nonowner car insurance policy that will cover you at the minimum liability limits of your state if you ever drive someone else’s car.