Having a car during the college years provides a great deal of freedom. Students can travel back home to visit family on their own, get a job near the school to help with expenses, and plan fun activities off-campus with friends. In order to drive a car, the young adult will need a car insurance policy. There are a few important tips to get the best deal and keep rates as low as possible.
Complete a Driver Training Program
Both classroom instruction provided by a driver's education program and time driving with a behind-the-wheel program will qualify drivers who are under the age of 21 for a discount on their policy. Since rates are highest for new drivers, this can really help lower the overall yearly rate of the insurance for a struggling college student. If the programs were not completed in high school, one could still sign up for them as a university student.
Work Hard for Good Grades
Another way to bring down those costs is to work hard and get excellent grades in all college courses. To take advantage of this discount, you must meet certain criteria. Typically, this involves keeping a grade point average of 3.0 or higher, getting on the dean's list, or ranking in the upper 20 percent of the class. Contact an agent to get the specifics and to learn what documents are needed so that they can be submitted as soon as possible.
Purchase a Used Vehicle
Car insurance rates are directly affected by the type of vehicle the policy is being generated for. Newer automobiles will cost more to replace if an accident causes damage, which is why a college student will pay a higher amount for a newer car. There are plenty of reputable lots where used vehicles are sold, and some of them even come with certifications and limited warranties.
Drop Collision Coverage
College kids who opt to save with a used vehicle also have the choice to drop collision coverage if the automobile is paid for with cash and there is no outstanding loan on it. Since collision is a big chunk of a person's bill, this further lowers the student's monthly costs to a price that is more affordable.
Install Anti-Theft Devices
One reason car insurance is so expensive is to generate enough money to cover the cost of a vehicle if it gets stolen. As a result, most policies will give a discount to any student driver that has an anti-theft device in their car. This can be anything from a passive alarm to a recovery service like OnStar.
Following as many of these tips as possible is the best way for university kids to keep their rates low. The focus can then remain on completing a degree and moving on to the next chapter of life.