Options In Affordable Car Insurance For College Students
The college students can either buy an individual policy or get covered under parent's policy. Here are few tips that can help them save money on premium.
If you are a college student, you will be able to find a great deal on your car insurance, just as long as you know what to look for and where to find it. Instead of just signing up for the plan that is going to be the cheapest, there will be times when you can make the most out of a variety of discounts that will save you money that you may never have even known about. It is important for you to be able to get car insurance at a great price, but you also need to have the right amount of coverage.
These are some helpful tips for college students looking for quality auto insurance:
You could want to increase or decrease coverage when you are either going away to college, or you will be commuting. Even if you are leaving your vehicle parked while you are away on campus, you could save money. A good rule of thumb is if your college happens to be about 100 miles from your home, your parents could qualify for what is known as a resident student discount, lowering their car insurance costs by about 30% each month. There are monthly car insurance plans available that don't require an upfront payment, but you need to consider few things before purchasing it.
Look At Campus Security
Do some research on the crime statistics in the area before taking up your temporary residence for college. You will learn all about your surroundings, while also preparing you for what you can expect. If you are going to be bringing your vehicle to an area that has a relatively high crime rate, you need to talk with a good insurance agent about the right plan that will cover you should there be a break-in or theft. Depending on where you will be, it may not be a bad idea to invest in some sort of anti-theft device for your vehicle, as there are some situations where this could lead you to save money.
Get Good Grades
Did you know that in addition to good driver discounts, many insurance companies will also offer a discount for college students that get good grades? Some students may be able to take advantage of such a discount up until they are age 25, so it is worth finding out about to get the long term savings while you are in school.
Keep Your Credit Score High
Some insurance companies will take a look at your credit history and use it as somewhat of a predictor of how likely you may be to getting in an accident. You could end up getting about $1000 worth of savings per year on your premium costs if you have a good credit rating. For someone with a lower credit score, you could expect a higher premium.
Hope these tips can help a student of California to get an affordable rate.
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ABOUT THE AUTHOR
Aaron Hazeltine is the founder of USA based life insurance quote comparison site. He has been working almost eight years in Finance industry including a couple of reputable insurance companies New York Life and MetLife. Now he is working independently and providing free life quotes and free consultation.