Student Car Insurance - Get Great Deals for The Student in Your Family
Parents are usually dismayed at the high premiums they are required to pay for auto insurance for their children. Since drivers aged 15 to 24 are considered a high risk group for auto accidents, most insurance companies place high premiums on that age group. Young males are considered especially high risk, so their rates are even higher. But students do have one advantage that non-students do not. Many insurance companies offer special student car insurance rates, often through a campus group discount. Discounts are also available for students who keep a certain grade point average.
Students may also get the standard discounts offered to more experienced drivers. Discounts for safety features on your vehicle, as well as a good driving record, can reduce premiums on student car insurance. Building up a credit score might also help, although most students do not yet have enough credit history to lower rates in this category. Many insurance companies will offer discounts for parents who have multiple policies with the same company, so parents should try to bundle home, auto, and life insurance with the same company if possible.
The safer your student driver, the lower your student car insurance premiums will be. Teach your children good driving skills and, if possible, send them to a driver's education class. While this may not directly reduce your premiums, anything that prevents the new drivers in your household from accidents will keep your rates lower. The only thing more expensive than having a young driver in your household is having a young driver with a bad driving record.
Parents should always include everyone in the household on the same insurance policy. Paying separately for student car insurance will almost always result in higher premiums. Also, being aware of factors that can increase your insurance costs may also help keep premiums low. Having a vehicle that is considered a sports car can drastically increase your premiums. Sports cars are said to bring the highest premiums of any type of car.
Most importantly, shop around for the best rates. Maybe you have been with the same insurance company for years, but your current company may not offer the best rates for families who need student car insurance. Price around and don't be afraid to switch companies. Check your comprehensive coverage to make sure you are not insuring your car for more than it's worth. You may be paying premiums on more than you would ever get if your car was stolen or totaled. Being a new driver is usually bad news for those paying insurance premiums in your family, but if your family takes advantage of the student car insurance discounts, you may find the blow to your family budget isn't quite so bad.
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