What is a new graduate car insurance discount?

A new graduate car insurance discount is for those that have recently graduated from college. Due to improved credit scores and better driving records, college graduates can save five to ten percent on their car insurance. You can find new graduate discounts with car insurance companies like Liberty Mutual.

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Tonya Sisler has a Bachelor’s Degree from the University of South Carolina in Journalism and has worked for 15+ years in management. She has also completed a proofreading certification and is currently a professional writer.

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Brad Larson has been in the insurance industry for more than a dozen years. He started out as a claims adjuster for a national carrier. He has since switched to the agency side of the business. Brad is licensed in all P&C lines.

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Reviewed by Brad Larsen
Licensed Auto Insurance Agent

UPDATED: Jun 30, 2021

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Things to Know

  • New graduate discounts are only available from some car insurance companies
  • There are typically time limits surrounding a new graduate discount
  • Pairing a new graduate discount with other discounts can help you save more

If you have recently graduated from college you may be wondering, “What is a new graduate car insurance discount?” A new graduate discount typically is available within one year after graduating from college. However, not every insurer will offer this discount.

You may find some of the available car insurance discounts by checking out details on specific companies, like a GEICO or Liberty Mutual insurance review

Additionally, comparing quotes and then contacting specific companies for available discounts also works well. It may be the easiest way to keep your monthly costs low.

When you are ready to find the most affordable new graduate car insurance rates, compare car insurance quotes by entering your ZIP code here.

How much is car insurance for a recent college graduate?

The exact cost of car insurance for a recent college graduate will vary depending on a variety of factors. Each new graduate car insurance company looks over different aspects of you and your life to determine how risky it is to insure you.

Typically, car insurance companies, when figuring out your base rate, will look at your:

  • Age
  • Location
  • Driving Record
  • Credit Score
  • Annual Mileage
  • Claims History

While car insurance companies look at all of this, they have also found through statistics that college graduates are typically safe drivers.

So not only can you get a new graduate discount but you may also qualify for a safe driver discount. stacking discounts can save you a ton of money.

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Other than the new graduate car insurance discount, what other discounts are available?

Realistically, there are a ton of different car insurance discounts out there. You may be curious about how much is a good student discount for car insurance while you are in school and how much can you save after.

Each car insurance company is going to offer different discount rates for both of these things. Typically, you can save between five and ten percent with one of these two discounts.

Keep in mind that student discount car insurance will be utilized while you are still in school. Once you graduate, you will lose that discount unless you go back to school at some point.

Likewise, the new graduate discount will need to be used within a year of graduation but you can qualify for it multiple times. When you graduate with an associate’s degree you will qualify for a new graduate discount.

Additionally, if you go back to school for your bachelor’s degree and graduate, you may qualify for it again. While a new graduate discount is great, let’s look at some of the best discounts out there when it comes to car insurance and the companies that offer them.

Discounts by Insurance Provider
Discounts21st CenturyAAAAllstateAmerican FamilyAmeripriseAmicaCountry FinancialEsuranceFarmersGeicoLiberty MutualMetLifeNationwideProgressiveSafe AutoSafecoState FarmThe GeneralThe HanoverThe HartfordTravelersUSAA
Adaptive Cruise Controlxxxx
Adaptive Headlightsxxxxxxxx
Anti-lock Brakesxxxxxxxxxxxxxxxxxxxxxx
Claim Freexxxxxxxxxxxxxxxxxxxxxx
Continuous Coveragexxxxxxxxxxxxxxx
Daytime Running Lightsxxxxxxxxxxxxxxxxxx
Defensive Driverxxxxxxxxxxxxxxxxxxxxxx
Distant Studentxxxxxxxxxxxxxxx
Driver's Edxxxxxxxxxxxxxxxxxxxx
Driving Device/Appxxxxxxxxxxxxx
Early Signingxxxxxxxxxxxxxx
Electronic Stability Controlxxxxxxxxx
Emergency Deploymentx
Engaged Couplex
Family Legacyxxxxxx
Family Planxxxxx
Farm Vehiclexxxx
Fast 5x
Federal Employeexxxx
Forward Collision Warningxxxxxxx
Full Paymentxxxxxxxxxxxxxxxxx
Further Educationxxxxxxxxx
Good Creditxxxx
Good Studentxxxxxxxxxxxxxxxxxxxxxx
Green Vehiclexxxxxxx
Lane Departure Warningxxxx
Life Insurancexx
Low Mileagexxxxxxxxxxxxxxxxxxx
Military Garagingx
Multiple Driversxx
Multiple Policiesxxxxxxxxxxxxxxxxxxxxx
Multiple Vehiclesxxxxxxxxxxxxxxxxxxxxx
New Addressx
New Customer/New Planxxx
New Graduatex
Newer Vehiclexxxxxxxxxxxxxxxx
Newly Licensedx
Occasional Operatorx
On Time Paymentsxxxx
Online Shopperxx
Paperless Documentsxxxxxxxx
Paperless/Auto Billingxxxxxxxxxxxxxxxxx
Passive Restraintxxxxxxxxxxxxxxxxxxxxxx
Recent Retireesxx
Roadside Assistancexx
Safe Driverxxxxxxxxxxxxxxxxxxx
Seat Belt Usex
Senior Driverxxxxxxxxx
Stable Residencexxxx
Students & Alumnixxxxxx
Switching Providerxxxxxxxxxxx
Utility Vehiclexxxx
Vehicle Recoveryxxxxxxxxxxxxxxxxxxxxx
VIN Etchingxxxxxxxxxx
Young Driverxxxxxx
Discounts Provided #21212927182726343431383835362230192022382828
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As you can see, a new graduate discount is only one of many car insurance discounts available. So, while it can save you money, keeping an eye out for other discounts you qualify for will save you much more.

When you are ready to compare new graduate car insurance quotes and find the best rates, enter your ZIP code here.

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