*These scores are primarily based on our general examine, however suppliers are ranked by how they carried out in our examine of automotive insurance coverage for faculty college students. Rate estimates on this desk and others are primarily based on the profile of a 24-year-old driver, the youngest age for which information is out there.
#1 State Farm: Most Popular Provider
Better Business Bureau (BBB) score: A+
AM Best monetary power: A++
J.D. Power claims satisfaction: 892/1,000
With 15.9% market share in accordance with the National Association of Insurance Commissioners (NAIC), State Farm is the nation’s hottest automotive insurance coverage supplier. The firm notably excels relating to automotive insurance coverage for faculty college students.
State Farm presents quite a lot of alternatives for college students to economize, together with each good pupil and pupil away in school reductions. The firm additionally has two telematics packages, with Steer ClearⓇ particularly tailor-made to newer drivers. In addition to monitoring driving conduct, Steer Clear features a driver coaching course and sometimes results in decrease charges upon completion.
Keep studying: State Farm insurance coverage evaluation
#2 USAA: Low Rates for Military
BBB score: A+
AM Best monetary power: A++
J.D. Power claims satisfaction: 909/1,000
USAA sometimes presents a few of the lowest charges on automotive insurance coverage, with faculty college students typically receiving offers. The firm additionally scores close to the highest of varied insurance coverage trade research. Remember that USAA protection is simply obtainable to navy members, veterans and their households.
If you do qualify, USAA is certainly value a glance. In addition to already high-quality and low-cost automotive insurance coverage protection, faculty college students might be able to qualify for a number of reductions to deliver prices down. The firm additionally has a number of specialised merchandise and insurance policies for navy members and navy households that will show helpful.
Keep studying: USAA insurance coverage evaluation
#3 Geico: Editor’s Choice
BBB score: A+
AM Best monetary power: A++
J.D. Power claims satisfaction: 881/1,000
Geico gained our Editor’s Choice award in a examine of the most effective automotive insurance coverage firms for its very good general efficiency. The firm presents extremely rated protection and inexpensive charges to numerous drivers, together with most faculty college students.
Geico additionally presents a variety of insurance coverage choices together with excessive protection limits that will come in useful for inexperienced drivers. Students who hardly ever use their car whereas at school may additionally profit from the corporate’s usage-based auto insurance coverage coverage.
Keep studying: Geico insurance coverage evaluation
#4 Progressive: Low Rates for High-Risk Drivers
BBB score: Not rated
AM Best monetary power: A+
J.D. Power claims satisfaction: 862/1,000
Although the corporate presents cheap charges to most motorists, Progressive has specialised in serving high-risk drivers for a long time. With statistics rating faculty college students among the many riskiest of teams, Progressive is value consideration.
The firm presents each good pupil and distant pupil reductions, together with a comparatively uncommon low cost particularly supposed for teen drivers. This may assist deliver the price of automotive insurance coverage from Progressive down for youthful faculty college students.
Keep in thoughts that Progressive has a below-average fee of buyer satisfaction attributable to the way it offers with claims. Our staff reached out to Progressive for touch upon its claims course of however didn’t obtain a response.
Keep studying: Progressive insurance coverage evaluation
#5 Travelers: Most Coverage Options
BBB score: A
AM Best monetary power: A++
J.D. Power claims satisfaction: 871/1,000
Travelers is one other main supplier that gives cheap charges on automotive insurance coverage for faculty college students. College college students can make the most of many reductions to maintain protection charges on the decrease finish. In addition to pupil reductions, the corporate presents financial savings for finishing a defensive driving course and for insuring hybrid or electrical automobiles. And, the corporate’s optionally available accident forgiveness program can preserve your premiums from hovering after an accident.
Travelers receives a less-than-stellar rating for its claims course of, receiving solely 871 factors out of 1,000 within the J.D. Power 2021 U.S. Auto Claims Satisfaction Study℠. We reached out to Travelers for a touch upon its claims course of however by no means acquired a response.
Keep studying: Travelers insurance coverage evaluation