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Auto Insurance Quotes for the Best Cars for Students

Sept. 1, 2015
Auto Insurance, Insurance
Auto Insurance Quotes for the Best Cars for Students
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Heading off to college often starts with buying a car to set off in. Factors to consider include safety, reliability, price, features and, yes, car insurance quotes. To help with the decision, we looked at some of the best cars for students per authoritative websites including Edmunds, Motor Trend, Kiplinger and U.S. News & World Report and then calculated the cost to insure them.

Here’s what we found.

Car insurance quotes

We compiled insurance quotes from three big insurers — Allstate, Geico and State Farm — for 18-year-old Californians driving six recommended vehicles. The quotes generally correspond with vehicle age, meaning newer cars cost more to insure. That’s because newer cars generally are worth more, and comprehensive and collision coverage pays up to the value of a car if it’s damaged or stolen.

There were exceptions, however. A 2008 Toyota Prius, for instance, cost more to insure with two carriers than a 2014 Toyota Tacoma.

The gap between the highest and lowest quotes among the three companies averaged $346 but was as high as $491 (for the Mazda6). No company had the cheapest rates for all of the models, which serves as a reminder that it’s always a good idea to shop around for auto insurance quotes.

Insurance quotes for good cars for students
Allstate Geico State Farm Average
Midsize: 2015 Mazda6 $1,504 $1,995 $1,677 $1,725
Pickup: 2014 Toyota Tacoma $1,361 $1,225 $1,566 $1,384
Urban: 2011 Kia Soul $1,304 $1,253 $1,545 $1,367
Hybrid: 2008 Toyota Prius $1,237 $1,274 $1,590 $1,367
Compact: 2006 Mazda3 $1,159 $1,296 $1,387 $1,281
SUV: 2004 Honda CR-V $972 $1,105 $1,346 $1,141
Methodology: Rates are based on 18-year-old drivers with liability injury limits of $100,000 per person and $300,000 per accident, and $50,000 in property damage, plus personal injury protection, uninsured motorist coverage, and collision and comprehensive with a $500 deductible. Your own rates will be different.

The cars

In choosing the six cars, we looked at several sites that offered recommendations for younger drivers. We opted for a mix of vehicle types and ages (new and used) to meet a variety of needs and budgets. Here are details on each of the models, along with insurance quotes and prices (used car prices are retail values based on typical mileage from the information site NADAguides). Prices of the cars on our list range from $5,590 to $21,495.

Auto Insurance Quotes for the Best Cars for StudentsMidsize: 2015 Mazda6

This sedan recently has been named as a top choice by U.S. News & World Report and Kiplinger. The publications praised the car’s fuel economy, quality of finishes and features, safety ratings, looks and handling. The Insurance Institute for Highway Safety also called the Mazda6 a “Good Choice” for teen drivers (that’s one notch below “Best”).

  • Average insurance quote: $1,725
  • MSRP: $21,495 new

Auto Insurance Quotes for the Best Cars for StudentsPickup: 2014 Toyota Tacoma

Some students may prefer a pickup truck to a passenger car, particularly in rural areas. Motor Trend named the Tacoma a top back-to-school choice among new vehicles in 2014, saying: “The Tacoma name brings along with it a history of reliability and capable performance, and it is also suitable as a daily driver.” It added that the Tacoma “has remained the same for almost a decade, so buyers shouldn’t worry about getting a used model.”

  • Average insurance quote: $1,384
  • NADA retail price: $17,325

Auto Insurance Quotes for the Best Cars for StudentsUrban: 2011 Kia Soul

If boxy and urban are more your style, check out the Soul. Kiplinger singled out the 2011 version, while Edmunds listed the 2010 through 2013 model years and Motor Trend named it a top new back-to-school car in 2014. Reviewers called out its amenities, space, smooth ride and, of course, funky appearance.

  • Average insurance quote: $1,367
  • NADA retail price: $8,825

Auto Insurance Quotes for the Best Cars for StudentsHybrid: 2008 Toyota Prius

If saving on gas is a priority, consider a hybrid. Edmunds recommended the Prius for the 2006 through 2009 model years, while Motor Trend named the smaller Prius C on its 2014 new car list, praising its lower price and 50 mpg fuel rating. The Insurance Institute for Highway Safety deemed the Prius a “Best Choice,” but starting only with the 2012 model year.

  • Average insurance quote: $1,367
  • NADA retail price: $8,800

Auto Insurance Quotes for the Best Cars for StudentsCompact: 2006 Mazda3

This made the Edmunds list for the 2004 through 2009 models, and 2014 new car lists from Motor Trend and Wired. Wired called it “just as reliable as a Corolla or Civic but way more fun.” Motor Trend and Wired also liked the car’s looks and fuel economy.

  • Average insurance quote: $1,281
  • NADA retail price: $5,590

Auto Insurance Quotes for the Best Cars for StudentsSUV/Crossover: 2004 Honda CR-V

Edmunds recommended the 2002 through 2006 versions, while Motor Trend put the CR-V on its 2014 new car list and U.S. News named it in 2015. It won praise for its roominess, safety ratings, standard features and optional accessories. The Insurance Institute for Highway Safety named the CR-V a “Best Choice” starting with the 2012 model year.

  • Average insurance quote: $1,141
  • NADA retail price: $7,750

The takeaway is that college students have good options for many needs and in many price ranges. But remember, the insurance company that provides the lowest quote for one car may not be the cheapest option for another. So once you’ve chosen a ride be sure to shop around for car insurance quotes.

NerdWallet’s car insurance comparison tool can help with that.

Aubrey Cohen is a staff writer covering insurance and investing for NerdWallet. Follow him on Twitter @aubreycohen and on Google+.

Images via iStock.