Car Insurance for Students
Reader’s Question:
I’m studying at a university here in Indiana. Is there car insurance for students that’s very affordable?
Robin
Fort Wayne, IN
College can indeed be hard on your bank account with all the expenses for your tuition and other school needs. And to top it all off, you still need to have car insurance especially if you drive your own car on your way to campus. But there are certain ways for you to afford the necessary car insurance as long as you take time to gather information.
First, it’s better that you drive a much simpler type of car so it won’t be too expensive to insure it. If you have extra dollars to spare, why not add some security device to your car like anti-theft alarms. That could lower your rates even more. And if you reside near your campus, maybe you can apply for a low-mileage discount.
Another way to cut on your car insurance expenses is by maintaining good or high grades in school. There are many insurance companies there in Indiana that offer discounts to students with a good academic standing. Aside from this, why not enroll in a driving school to improve your driving skills. Remember that a driver’s lack of driving experience can mean higher car insurance rates. So make sure you pass your driving lessons to be able to get the discount.
You can also ask your parents where they bought their car insurance or their home insurance or their life insurance, and maybe you buy your own car insurance from the same company. Having multiple insurance policies from the same company can lower your premium rates even further down!
If you don’t drive frequently or if you only use your car when you go to campus, then maybe you can choose to raise the amount of your deductibles. But only if you’re sure that you can handle the out-of-your-own-pocket expenses in the event of an accident. This is because the amount of your deductible is the amount that you will be paying from your own bank account. For example, if you have a $10,000 limit on your property damage liability and you have a $5000 deductible, then if an accident happens, the insurance company will only pay $5,000 and you have to shoulder the amount of your deductible.
Most importantly, try to get as many car insurance quotes as you can from different car insurance companies. That way, you will be able to compare those quotes with one another so you’ll be able to find the best and most affordable car insurance for students like you! You can start by getting free car insurance quotes on various websites on the internet.