Allstate’s comprehensive discount programs provide the best balance of flexibility and affordability for most college students.
Pay-Per-Mile Insurance Coverage
Some students do not use their cars on a regular basis. Perhaps you drive home a few times a semester, but you don’t need to drive to class every single day. In that case, Allstate’s pay-per-mile insurance Milewise may be the most affordable student option.
With Milewise, you pay a daily base rate as well as a per-mile rate instead of a pre-set monthly or annual premium. For instance, if your daily rate is $1.50 and you pay 6¢ per mile, here’s what you might pay for insurance per month:
|Average daily miles driven
||Total monthly cost
For certain low-mileage students, this option can save up to 72 percent annually. Be sure to calculate how many miles you drive during your daily life as a student, on average, before you choose this plan.
Note that Milewise is only available in select states:
- New Jersey
- Washington, D.C.
- West Virginia1
Smart Student Discount
Many companies offer student discounts, but Allstate offers the most flexible savings options for college students. If you are under 25 and unmarried, you can qualify for Allstate’s Smart Student Discount if you meet any one of these three conditions:
- You have a GPA of at least 2.7 as a full-time student.
- You complete Allstate’s TeenSMART safe driving course.
- You attend school more than 100 miles away from where your parents house the car.
Because of its flexible nature, the Smart Student Discount can provide significant savings for many types of students. If you are a part-time student, you can still save by completing a safe driving program. If you live close to home, you can still save by getting good grades.
Such diverse options make Allstate’s student discount more compelling than other insurance providers’ offerings. Older or married students are disqualified from receiving this deal, though older, married people receive lower rates than teens in general.2 Also, if you want to take advantage of the student-away-from-home discount, your car’s title must be in the name of your parent or guardian.
Save by Bundling Multiple Policies
Most college students moving away from home for the first time need more than just car insurance. They should also think seriously about buying renters insurance for their dorms or off-campus housing, which would protect their valuables in the event of a catastrophe or a house party gone wrong.
Allstate’s multiple policy discount can help you save up to 10 percent on auto insurance by bundling it with renters insurance. Be sure to indicate your need for renters insurance when requesting an online quote, since bundling will reflect the premiums you receive.
Students may also elect to drive for a rideshare service to earn extra cash, making rideshare insurance a crucial consideration. Note that Allstate offers rideshare insurance as both add-on coverage and as a separate insurance policy.3 Speak to an agent to decide which option is right for you.
DID YOU KNOW?
Allstate has the lowest GPA requirement for good students to get a discount. Learn more in our Allstate review