Sending your child off to school can be a tense and stressful time.
With worries about safety, campus life and schooling, a parents mind is
racing. Often times, many parents and students forget the importance of
getting the right insurance policy. Rather your child is going to an
out of state university or staying close to home, there are certain
things that need to be taken into consideration.
The main reason that insurance policy needs to be relooked at is the
fact that the driving risks your child now face are much different than
when the car was kept locked up safe at night.
your student will be attending a university in another part of the
country, it is necessary that you change the location that your car and
driver are located in according to the policy. Not doing so can cause a
claim to not be valid. Depending on where your child and car will now
be residing, your policy premium will more than likely change. If your
child will be attending school in a metropolitan area or an area with a
higher crime rate, your premium will more than likely go up. Choosing a
college with a low crime rate and smaller population can make the
premium head south.
Everyone knows that auto insurance coverage for younger drivers can be
expensive. Finding an insurance company that provides discounts to
college students with good grades is one way to lower your cost. Many
insurance companies also offer incentives for a young driver taking a
defensive driving course. Checking with your carrier for these types of
options can help to keep your premiums low.
Many times, college students do not even need their vehicle. Leaving
the car at home for use on breaks or just as an extra means of
transportation can drastically cut your policy if you et the provider
student drivers are often seen as a risk to many insurance companies,
it does not mean that there are no ways to lower the cost. Calling your
insurance provider and discussing any options they may suggest can help
parents save a few bucks each month.