Auto Insurance for College Students

auto insurance for college studentsCollege represents exciting times in the lives of students. It’s also a time filled with decisions and difficult choices about how to budget life, learning, and recreation. It’s a delicate balance where missing important details and purchases could cost you big in the long-term.

Purchasing auto insurance for college students who own cars is not an optional expense. The good news, though, is that you don’t have to invest all of your available funds into buying insurance. While most college students are still young and somewhat inexperienced drivers, you can find affordable auto insurance for this age group.

In addition to buying a car with safety features, taking a defensive driving course, maintaining good grades and simply practicing safe driving habits, here are a few other ways college students can save money on auto insurance:

  1. The convenience of monthly payments. This allows you to spread the insurance costs throughout the year rather than making larger payments once or twice a year. There may be a small service fee each month but it’s still easier on your budget than paying one lump sum. However, if you’re working payments around loan disbursements, you may find twice-yearly payments a much more convenient coverage option.
  2. Flexible coverage options. Flexible options for insurance coverage put you in the driver’s seat, so to speak, and allow you to choose the plans that match your budget and insurance needs rather than adopting a one-size-fits-all-college-students policy.
  3. Raise your deductible. By paying more out of pocket expenses if you are in an accident, you can lower your monthly premium payment. It’s a slight gamble but one that can help you save money each month.
  4. Drop your collision coverage. This is only available if your car loan is paid off and only makes sense if you’re driving an older car that may not be worth repairing in the event of an accident.

Some of these decisions are tough to make, especially when college students are trying to grapple with school decisions and learning to live life without their parents. Help is just a phone call away…we are happy to discuss your auto insurance needs at any time so call today!

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