How can I save money on my car insurance now that I am out of college?

What can I do to lower my insurance policy? I finished college last semester and my good student discount came off my insurance policy. I am looking for my first job and I am trying to save money any way I can.

Answer provided by
Shannon Martin
Answered on Jul 12, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“Congratulations on finishing school!
Right now, you are in an awkward rating period for insurance. You are too old to get the good student and driving training discount, but you are still young enough to be considered a youthful driver. Once you turn 25, you will be regarded as a more experienced driver and there will be a decrease in your premium.
Don’t worry, there are plenty of ways to save on your insurance in the meantime, such as:
  • Defensive driving discounts
  • Alumni affiliation discounts
  • Professional organization discounts
You will also want to review the current limits on your policy. If raising your comprehensive and collision deductibles is possible, this may save some money for you right away.
If your premium is still out of reach, start shopping for a new car insurance company.
Companies like Allstate and Metromile now have programs where you pay per mile. If your annual mileage is on the lower side, this would be a great way to save as well.”

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