5 Best Car Insurance for College Students
Car insurance is essential for anyone who wants to drive a car. However, it’s not always as simple as finding affordable car insurance and clicking.
There are many factors that you need to take into consideration when finding the best car insurance for you. You will have to find out what type of coverage is right for you, how much coverage you need, and what deductible amounts are available. But don’t worry; we have created a list of the five best options for students in Florida so you can compare them.
Why Do You Need Car Insurance?
Driving a car isn’t a right; it’s a privilege. To be able to drive on the road, you have to have an insurance policy in place. If you don’t have an insurance policy, your license can be suspended or revoked. You may even get fined or go to jail if you don’t have insurance and are caught driving without one. So, what are other reasons why you need car insurance?
- No one wants to deal with the stress of having to pay for damages, injuries, or medical bills that could be costly.
- It ensures that you will be protected if something happens when you are behind the wheel.
- You may not always want to borrow a friend’s car just because they are willing to let you use it when they are not around.
- Insurance offers peace of mind knowing that emergency care won’t come at such high cost – especially if there is a wreck and someone needs help in need of medical attention.
What Is The Best Type of Coverage For a Student?
The type of coverage that is best for a student depends on their needs. For example, if you are driving a car that is used exclusively for school, then you will want to find the cheapest insurance possible. However, if you are using your car as your sole means of transportation and intend to drive it around town in the evenings and weekends, then you need full coverage. That way in case anything happens, you will be covered.
There are many factors that go into finding the best car insurance for you. You will want to find out what type of coverage will work best for you, how much coverage you need, and what deductible amounts are available. Don’t worry though! We have created a list of the five best options for students in Florida so you can compare them!
How Much Coverage do You Need?
When comparing car insurance, it’s important to note that you don’t need to be a licensed driver in order to find an affordable car insurance policy. You will have to take into consideration how much coverage you need and what your budget is when looking for the best student car insurance.
When it comes down to it, it all depends on the cost of the vehicle and the amount of coverage you want. Some people are okay with low coverage limits for their cars because they won’t be driving them often, but other people want higher limits due to their high-value vehicles. What matters most is that you get the right amount of coverage for your needs and budget.
What Deductible Amount is Available?
When you purchase a car insurance policy, you will be asked how much money you want to set aside for your deductible. Deductibles can range from $500 to more than $1,000. The higher your deductible, the less expensive your monthly premiums will be.
For example, if your premium is $100 per month and the deductible is $500, then the first time you file a claim on your policy, the insurance company will cover damages up to $499 and then you are responsible for paying out of pocket.
However, if the coverage amount was increased to $1,000 and the deductibles were also increased proportionally with that amount ($150), then when filing a claim on this policy, you would only have to pay out of pocket up to $899.
Figure out what deductible amount is best for you by considering how much money you want to set aside each month.
“5 Best Car Insurance for College Students
Before you start looking for car insurance, you need to know what your state requires. In Florida, the minimum amount of coverage is 15/30/10, which means that the policyholder is required to have a bodily injury minimum of $15,000 per person and $30,000 per occurrence. Property damage of $10,000 per accident is also required.
The best car insurance in Florida for students are:
- – Geico Student Advantage: provides protection with low rates to students through the age of 25
- – State Farm Student Advantage Plus: provides protection with low rates to students through the age of 25
- – USAA Student Advantage: provides protection with low rates to military members and their families.
- – Progressive Student Advantage Plan: provides protection with low rates to drivers aged 16-24
- – GEICO Young Driver Program: provides protection at an affordable price for drivers aged 16-25
1. American Family Insurance
Many people know about American Family Insurance, but not everyone knows that their car insurance is specifically for students. As a student, you’re eligible for a discounted rate as long as you are at least 18 years old and enrolled in college.
In addition to being discounted for students, American Family Insurance also offers many other discounts. For example, if you participate in an employer-supported program or live near a relative who is on the policy with you, then you can get even more discounts.
If you are looking to save money on your car insurance, then American Family Insurance may be the right choice for you!
GEICO offers student discounts, making them one of the best options for student car insurance in Florida. GEICO offers a $150 discount with a student membership and is known for offering quick claims processing. GEICO also offers a variety of coverage options including property damage liability, collision, uninsured motorist protection, and more.
Allstate is a well-known company that has been in the insurance industry for over 75 years. Allstate offers to cover your car, home and life. You can also get up to $25,000 with Allstate’s identity theft protection which is a huge plus. Allstate’s insurance rates are affordable, starting at only $180 per year for an individual.
4. Geico Student Driver
Geico offers a discount to students who are enrolled in school and have completed at least one semester. This discount is available through Geico Student Driver, a membership program designed specifically for students. To qualify, students must be between the ages of 16-25, enroll in at least one semester of school, complete an application with school and family information, and provide proof of enrollment.
Geico Student Driver offers many benefits including:
* Geico will provide you with a free quote and policy documents that you can sign electronically.
* Geico will waive your premium until you turn 25 years old if you are currently in college or graduate school.
* Geico will waive your premium if you have been in college for less than three years and maintain a 3.0 GPA or higher.
* If you are not on your parent’s plan, Geico will waive your premium for up to six months if you’ve lost eligibility because of marriage or graduation from college
Nationwide is one of the most popular car insurance options for students. Their affordable rates and high customer satisfaction are just two of the many reasons why they are on this list. Nationwide offers full coverage, which includes things like personal injury, damages to your vehicle, and medical expenses if you or someone in your car is injured.
Their premiums range from $43-$102 a month, which is a great deal considering the amount of protection you will receive during accidents. This company also offers a variety of discounts that may apply to you depending on your driving record, age, gender, and more.