Car Insurance College Student
Reader’s Question:
I’m about to enter college, and my parents offered to buy a car for me. I was thrilled, until I heard that from my buddies that insurance rates for college students are a pain in the neck. So I’m wondering: how much do car insurance college student rates go?
William
Columbus, OH
Assuming everything else is equal, car insurance college student rates aren’t exactly cheap. The theory is that younger drivers tend to be more inexperienced and aggressive drivers. So if you want to lower your car insurance college student rates, you’re going to have to prove to the insurance companies that you’re not an inexperienced and aggressive driver.
• Take extra driving classes
One thing that’ll really help lower your premiums is to show proof to your insurance companies that you’ve taken extra driving classes, like defensive driving classes. When you do this, the insurance company’s risk-assessment of you would be lower, and you can negotiate for a lower insurance premium.
• Stay away from drugs and alcohol
As much as it’ll be hard to make others believe that you, a college student, won’t drink and do drugs, that’s exactly what you have to do. College students are notorious for engaging in mind-altering drugs and getting into drunken binges. Show them that you’re a decent kid, and you may negotiate for lower premiums.
• Keep a clean history
One thing that’ll really send you insurance premium up to the roof is a criminal record, especially if cars are involved. Keep a clean record, and that’s another bonus-point for you.
These three tips are relatively simple, but they’re pretty effective in lowering your car insurance college student premium rates.