Cheapest Student Car Insurance
Reader’s Question:
How can I get the cheapest student car insurance? My mom plans to buy me my own car, but she said that I need to pay for my own insurance. I don’t want to pay that much for the insurance because I’m still relying on the allowance that I get from my mom. Is there a way for me to insure the car but pay only a minimal amount?
Denver
Anaheim, CA
I think the best way for you to handle your car’s insurance is to take on a part time job. This would surely leave your allowance untouched, and you would have fewer worries whenever the payment is due.
Having your own car entails a lot of responsibilities. First of all, you need to ensure that your driving knowledge and skills are at par with or beyond what’s expected of a low risk driver. This is to ensure that you do not end up violating any traffic rule and causing further damage to other people. Second, you need to take the responsibility of insuring your car in accordance with the state’s insurance law. Your insurance must carry, at the very least, the minimum coverage required by the state. If you don’t get the minimum required coverage, you will be penalized and this would definitely lead you to spending more.
Since you are still a student, the best that you could do is to get only the state’s minimum required coverage. This would probably be the cheapest student car insurance you could see since you’re getting the lowest allowable insurance. Also, you may try asking for a student discount from the insurance company. Often, insurance companies give discounts to students who maintain an above average grade point average. Lastly, since you still haven’t bought the car, you may want to get a typical family car or a minivan instead of the lighter cars. Insurance companies favor family cars and minivans because they are safer to drive. On the other hand, light cars are not favored because they register a high number of accidents.