For many college students nowadays, a car is a necessity. It gives them independence and makes traveling to part-time jobs and back home during college vacations much easier. The problem many students face, however, is finding affordable car insurance. It is no secret that car insurance for students often comes with higher premiums than that for over 25s.
Going without car insurance should not be considered, as the potential consequences are serious. Losing your driver’s license, facing a heavy fine and even serving jail time are all possible punishments. When you drive without insurance, you are putting other drivers on the road in a dangerous position too. It is simply not worth taking the chance. You have to accept that car insurance for students who want to drive is an unavoidable expense.
So how do you go about finding affordable car insurance? Your first step should be to talk to your parents. If you can be added to their insurance plan, (provided you are staying with them while you are studying) you can contribute to the cost of their premiums and avoid paying hefty premiums of your own.
If you are not living at home, you need to look at other options. In the meantime, keep studying and keep those grades up. A little known fact is that students with a grade point average above 3.0 can benefit from lower insurance premiums from most major insurance providers. If you manage to make it on to the dean’s list, your premiums could go down even more. This is a real incentive to work hard!
Another thing you can do is keep your credit score high. This is particularly important for male college students, as they are seen to be a greater insurance risk than their female counterparts are. So if you have credit cards or loans, make your payments on time, every time.
Premiums on car insurance are higher if the college is in a large city rather than a rural area. Another factor is the type of car you drive. A sports car or convertible will make your insurance rates soar. It also makes a difference where your car is stored when you are not driving it. If it is kept in a secure lock-up, your rates will be lower. If you are buying a new car look for safety features such as airbags, an alarm system and a stability system, as the number of safety features your car has will affect the cost of your premiums. If you live near your college campus, it is often possible to get cheaper insurance, because your driving mileage will be a lot lower than that of a student who has to drive a greater distance to get to school.
The best way to find cheap car insurance for students is to shop around. Compare lots of insurance companies until you find the one that will give you the best deal. A simple way to do this is to use an online comparison site such as insure4usa.com or kanetix.com. If you think you need a little help in this department, you could always hire a qualified insurance agent, who will use his experience and expertise to help you find the most competitive rates. An agent can also give you tips on how to secure the lowest rates. He may recommend that you take a driver’s safety course, which can help keep premiums low.
College life is expensive for students. The cost of tuition fees, rent, books and other supplies adds up. Many students find themselves away from home for the first time, and having to budget for food and other necessities can take time to get used to. If car insurance for students was cheaper, college life would be far simpler! However, there are many ways to keep insurance premiums to a minimum, and it is well worth taking the time and effort to do this.
With any type of insurance, it is always a good idea to shop around for car insurance for students whenever your existing policy is coming up for renewal. If you have been getting good grades, keeping a high credit score and driving sensibly, you can use this to your advantage and try to get a better deal elsewhere.