Austin, Tex. (PRWEB) August 19, 2015
The Zebra has ranked the 10 most affordable colleges for student drivers based on an analysis that looked at the location-based variables of insurance premium costs, basic student parking fees, and local gas prices. On the list are a few surprises, with North Carolina holding four of the 10 spots.
According to a study done by Bankrate, a consumer financial services company, 20-year old drivers pay between 39%-49% more than 25-year old drivers. Add to that the often expensive parking permits most universities require and bringing a car to college can be an intimidating prospect for a student and their family. The Zebra conducted an analysis to determine the colleges where having a car on campus is less of a financial burden.
To find these results, The Zebra started with a list of the top 100 U.S. colleges by population. Using the corresponding zip codes of each college town, they determined the average cost of an insurance premium based on the profiles of a male and female, between the ages of 18-21, driving a 2009 Honda Civic DX. The current gas price of each town was then calculated at a rate of 10,000 miles a year to determine an annual average, and the price of each university’s basic student parking permits was taken into account.
The annual costs of the 10 most affordable colleges for student drivers, listed from 1-10:
1. East Carolina University, Greenville, NC
Annual Cost of Bringing Your Car to School: $1,547
2. North Carolina State University, Raleigh, NC
Annual Cost of Bringing Your Car to School: $1,579
3. Iowa State University, Ames, IA
Annual Cost of Bringing Your Car to School: $1,789
4. University of North Carolina at Chapel Hill, Chapel Hill, NC
Annual Cost of Bringing Your Car to School: $1,790
5. James Madison University, Harrisonburg, VA
Annual Cost of Bringing Your Car to School: $1,878
6. University of North Carolina at Charlotte, Charlotte, NC
Annual Cost of Bringing Your Car to School: $1,908
7. University of Iowa, Iowa City, IA
Annual Cost of Bringing Your Car to School: $1,934
8. University of Nebraska-Lincoln, Lincoln, NE
Annual Cost of Bringing Your Car to School: $2,092
9. Penn State University, State College, PA
Annual Cost of Bringing Your Car to School: $2,131
10. California Polytechnic State University, San Luis Obispo, CA
Annual Cost of Bringing Your Car to School: $2,297
The Zebra’s analysis also identified the top 10 most expensive colleges to bring a car to campus. The results ranked from one to 10 (with one being the most expensive) were New York University, University Of Delaware, Western Michigan University, Florida International University, Temple University, University Of Michigan, Central Michigan University, Michigan State University, Grand Valley State University, and University Of South Florida.
For more information on the study, visit: https://quoted.thezebra.com/1908/most-car-friendly-colleges/
About The Zebra
The Zebra is a licensed digital insurance agency boasting the most comprehensive real-time car insurance comparison platform in the country. The Zebra brings simplicity to car insurance shopping through its innovative comparison platform, which compares rates from more than 200 companies. Users of The Zebra can compare car insurance in real-time, and watch as their rates adjust based on factors like driving history or coverage levels. By doing this, The Zebra is pulling back the veil on auto insurance shopping, giving customers the power to find the best rate and coverage for their needs in seconds.
To learn more about The Zebra, please contact Jennifer Goff, press contact: jgoff(at)thezebra(dot)com.