Car insurance for 21-year-old college student

Here’s a quick look at how the average annual cost of car insurance for each age: 18-year-old student: $5,190. Yes, insuring an 18-year-old is costly. In fact, it’s more than over $3,430 more than the average premium for a 30-year-old. 19-year-old student: $3,560. 19-year-old students pay $1,630 less, on average than 18-year-olds.

For example, depending on the school's ZIP code, getting a separate car insurance policy for the student may result in more affordable rates, but that could make it more of a hassle to share cars when the student is home. For out-of-state college students, a separate car insurance policy may be required by some states and insurers.

Many insurers offer discounts for young drivers on a policy who are also good students. In most states, you'll get around a 10% discount * on your Progressive auto policy if your child is a full-time student, under the age of 23, and has a B average or better.