Auto Insurance for Bachelor’s Degree (Rates & Discounts)

Car insurance for recent college graduates is typically higher than average, but rates will lower as you get older. Your level of education can help lower your rate over time since college educated people tend to file fewer claims. Look for alumni and student discounts to lower the cost of bachelor's car insurance.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insurance...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 19, 2021

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What You Should Know

  • A bachelor’s degree can save you money on car insurance in the long run
  • If you are planning on pursuing a master’s degree after receiving your bachelor’s, you may still be eligible for a good student discount
  • Many university alumni groups partner with insurance companies to offer alumni discounts on car insurance

If you’re a college graduate with a bachelor’s degree, you may be wondering if you can find affordable bachelor’s car insurance.

Does your level of education impact your auto insurance rates? The answer is yes. Since years of data suggest college-educated people are less likely to file claims, your average rates will tend to be lower than those without college degrees.

However, you likely won’t see those lower rates until you get older, as younger people are still charged higher rates overall. Once you get past age 25, though, you should start to see your rates lower. And if you stay in school, you’ll see them lower even more.

In addition to having lower rates overall, you can also receive substantial discounts as a recent college graduate, whether you have a bachelor’s, a master’s, or a PhD.

Keep reading below to learn more about bachelor’s car insurance, what rates you can expect, and what discounts you might qualify for. But before you do, enter your ZIP code into our free comparison tool to find affordable bachelor’s car insurance in your area.

What are bachelor’s car insurance rates?

If you’re wondering about car insurance for college graduates, you will be excited to learn college graduates usually receive cheaper car insurance rates overall than their non-college-educated peers.

This is because insurance companies determine your rates based on how much of a risk you pose to them. If you are part of a demographic that is statistically more likely to file claims, you will likely be charged higher rates.

You will likely see higher rates than average until at least the age of 25. Once you pass this milestone, you should see your rates lower. If you continue to pursue higher education, you could see your rates drop even more.

Since college graduates are seen as more responsible and less likely to file claims (an assumption backed up by years of data), you are likely to receive lower rates as a college graduate.

If you’re looking for the best car insurance for college graduates, keep reading to learn about discounts available to help you save.

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What are bachelor’s car insurance discounts?

When looking for car insurance for recent college graduates, make sure to take advantage of the discounts available to you.

Many insurance providers offer auto insurance discounts for college students. One of these is the good student discount. You usually have to maintain above a B average and be currently enrolled to receive this discount.

If you’ve recently graduated and received your bachelor’s degree and have lost your good student discount, returning to graduate school you could qualify for a good student discount once again.

You should also look into possible alumni discounts. Insurance groups partner with alumni groups from universities all over the country to offer certain discounts not only on car insurance, but also on restaurants, theater tickets, and more.

When looking for the best car insurance for recent college graduates, talking with your provider about which discounts you qualify for is hugely important when it comes to saving money on car insurance.

And just remember that while it may seem tempting, skipping car insurance can lead to serious fines and even possible jail time. According to the Insurance Information Institute, most states require you to at least carry liability insurance.

Now that you know how to save on bachelor’s car insurance, enter your ZIP code into our free comparison tool below to find affordable bachelor’s car insurance rates in your area.

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