Things You Need To Know About The Best Auto Insurance For Students
One of the reasons auto insurance companies tend to charge young drivers is because they are considered more prone to car accidents. The Centres for Disease Control and Prevention states that drivers aged 16 to 19 nearly three times as many drivers aged 20 and over have been in fatal accidents. But even if you are a student, you can also reduce your car insurance premiums before you go to school. Here are three things to keep in mind as you consider the best auto insurance for students and possible ways to save on coverage.
College students can stay on parental policies:
One of the best ways to get cheap student auto insurance is by parent's policy. It is possible even if you go to school out of state. As long as one of your parents is in the name of the car you drive. But if you have your vehicle and you are the only one whose name is on it. You may need to apply for a separate policy.
If you plan to stay home while attending college, you may be able to apply parental policies if you do not own the vehicle you will be driving. But what if you live on campus or rent an apartment during the school year? Check with your insurance company to see if you need to purchase your coverage.
College student as a younger driver, often pay more for car insurance:
Although insurance carriers typically charge younger drivers, such as college students, how much you will pay depends on many factors, but remember: If you can comply with parental policies, you will pay less
- Location: Auto insurance companies set rates based on the vehicle's location and the most affordable cars for students. If your vehicle is in an urban area, the rates may be higher in suburbs or rural areas.
- Age: Typically, you are younger; your rate will be higher. Insurance premiums tend to drop significantly after turning 25 if you have a good driving record.
- How much you drive: Generally, the more you drive. The higher your insurance premiums, the higher your chance of having an accident.
College students may receive a discount on car insurance:
- Good student discount: If you succeed and maintain your GPA. (This may vary by the insurance company), you may be eligible for a good grade discount.
- Multiple policy discounts: Insurance companies often offer discounts to people who purchase more than one policy, such as car and renters insurance.
- Anti-theft device discounts: If you take additional steps to protect your car from theft, such as installing a car alarm. You are qualify for the discount.
- Driver Training Discount: If you are under 21 and take a safe driving course or learner drivers. You may qualify for a discount.
- Corporate Member Discounts: Some auto insurance companies offer discounts to members of associations, clubs, and honor associations, or other student organizations.
Be sure to ask the insurance company and get the lease car insurance quote you are considering any discounts they may offer, such as those listed above or other discounts.
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