Cheaper Car Insurance For Students – Really?

Anyone looking for car insurance for students knows that it’s expensive. If you know what you need, ask the right questions, and make some comparisons you really can get cheaper insurance. It’s not really all that difficult to find the best deal you can get, with a little effort you can have more money in your pocket at the end of every month.

Coverage.

What do you really need, above and beyond the states required minimum coverage?

Think about these questions. What kind of vehicle will you drive? How will you use the vehicle. Are there some restrictions that you could, or would have to live with?

A newer sport or SUV vehicle will cost more to insure that an older four door sedan. In fact, an older four door sedan that cost $2000 might not need collision coverage at all.

Will you need to use your car every day and put a lot of mileage on it? Do you have the opportunity to use public transportation and put less mileage on your car?

Would you be willing to not drive after dark? While you are away at school will your car be parked at your parents home?

Thinking about these questions before you contact the insurance company can save you money every month in your premium.

Questions for the insurance company.

All insurance companies offer discounts, and with the right questions the savings could be substantial. Ask about all the discounts and how you can qualify for them.

A lot of insurance companies have a good student discount. They believe that good students make good drivers. Most companies will discount 10 to 15% if you can carry a 3.0 GPA average, be on the honor roll or be in the top 20% of your class.

If you take a defensive driving course, that usually will qualify you for a discount.

If you are away at school and you have renters insurance with the same carrier, that can qualify you for a discount.

If you don’t use your car that often, you could qualify for a low mileage discount.

Always look for the cost difference between being on your parents policy and having your own coverage.

How to compare companies.

Quite possibly the single largest savings that you will find will be in comparing policies and prices between insurance companies. Don’t just compare price, but compare what you get for the price, and don’t buy more than you actually need. Each insurance company has its own unique underwriting criteria. That means that the price for the same coverage between two insurance companies can vary widely. Sometimes the price can be as much as double for the same coverage between two different companies. Always compare as many quotes as you can possibly get from different insurance companies. The more you compare the better the deal you can possibly get, but never less than three quotes from three different companies.

So, car insurance for students can be expensive, but the prices vary widely. Remember these three points. Look for the coverage that you need and only buy that. Ask for all the discounts that are available and that you can qualify for. Compare quotes from at least three different companies. Then the odds are in your favor to get a good deal. Keeping these questions in mind you can get really cheaper insurance than most everybody else.



Source by Paul Crocker

Ben Wills

I am a professional finance expert and business lover.

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