You’ve decided to go down the ivy covered road of higher education. Congratulations! Whether you’re just starting down the road as an 18 year old or are about to complete the journey at the age of 22, your insurance needs are slightly different than those of your high school peers. Learn how cheap car insurance for college students is entirely possible.
Car Insurance Needs for College Students
As you well know, every driver on the road needs to be insured. However, your needs as a college student vary slightly than those of motorists in other age groups. For example, you essentially have two homes if you live on campus and at your parent’s during holidays and vacations. If you go to school in a major metropolitan area that has a decent public transportation system, think about whether taking your car to campus is necessary. Some insurance companies will even give you a discount if you go to school at least 100 miles away from home and leave your vehicle in your hometown.
The Differences Between You and New Teenage Drivers
Since you’ve been on the road for a couple of years, you have a distinct advantage over teenage motorists who are new to the road. Unlike teen motorists, you have the ability to provide a history of your driving habits. If, from the age of 16 to the present, you can prove that you’ve been a cautious and responsible driver, some insurance companies might be willing to give you a no-claims discount if you’re at least 19 years old. If your insurance company doesn’t give out no-claims discounts for 19 year olds, you can either find one that does or wait until you’re 21 years of age.
Other Discounts
You’ve probably seen the commercials from national companies such as AllState and Progressive that promotes the many types of discounts they give to their customers. Before you get excited, know that these discounts are generally only available to those drivers who have excellent driving and credit histories. If you fall into that perfect customer category, the various types of savings you could be eligible for range from good grades discounts, bundling your auto and renters’ insurance policies together to low mileage discounts.
Other Ways Cheap Car Insurance for College Students Can Be Possible
Even though you’re reading this article because you want the cheapest car insurance possible, one savings method you should consider is increasing your deductible. Studies have been done that show that raising your deductible by a couple hundred dollars can save you up to 20%. Yes, the immediate out of pocket costs could have you seeing purple. Insurance companies will likely reward your willingness to pay more in the event of a claim by reducing your premium. Besides, it’s not as if you plan on getting into a lot of accidents, right?
Yes, cheap car insurance for college students is entirely possible. As long as you’re willing to do the legwork, substantial discounts can be yours for the taking.