Car insurance is a requirement if you want to own and drive a vehicle in all 50 states of the USA. The minimum amounts of coverage vary from one state to another, but you must carry some level of coverage to protect yourself, other drivers and your vehicle.
As a student it can be rather difficult to find cheap student car insurance that is affordable for a number of reasons. Car insurance companies realize that younger individuals are more likely to get into an accident, and as a result they charge higher premiums to ensure they don’t lose money by insuring you. If you’re looking at an age limit, being under the age of 25 is the typical cutoff that insurance companies set to determine whether you’re a high-risk driver.
All hope isn’t lost though. It is possible to find affordable car insurance as a student but it requires some work on your part. The first thing you should do is shop around. Don’t go with the first company that you see an advertisement for or select one based on what your parents say. Rates will vary based on a number of factors including your age, how long you’ve had a license and if you have a clean driving record. It’s free to obtain quotes and many websites will actually compare quotes from multiple companies so you can make an educated decision about which one to choose.
Once you select a company make sure that you’re receiving all the discounts that you’re eligible for. Insurance companies give discounts for safety and security features on your vehicle such as anti-lock brakes, VIN etching or a security system. If you’re unsure of whether you have a specific feature consult with your owner’s manual.
You can also receive discounts from your insurance company if you are a student. Some companies give a small discount if you’re attending high school or college. Take advantage of the discounts because a few dollars here or there really adds up to a lot over time.
You can also get a cheaper policy if you pay in advance. Insurance companies typically tack on an additional fee if you pay monthly, which increases your overall policy cost. Since most insurance policies are six months long, pay the six month premium ahead of time and eliminate the monthly add-on instalment fees. Take a class in defensive driving or a driver safety course. While the discount won’t be permanent, it typically lasts from six months to two years and will reduce the premium on your policy for a while.
Something else you can do that will ensure that your premium costs aren’t through the roof is to keep a clean driving record. Obey the rules of the road and never drive under the influence of substances that can impair your driving ability and increase the chances that you will end up getting in an accident. Student car insurance shouldn’t have to cost your entire paycheque if you shop smart and take your time when selecting a provider.
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