College Students Guide to Insurance

College Students Guide to Insurance

College Students Guide to Insurance-Auto Insurance

You may be deciding whether or not take your car with you or if you should have your own policy. There are definitely pros and cons to both, and hopefully, we can help you decide what is best for you and your family.

College Students Guide to Insurance-Staying on Your Parents Policy

This is the most common practice for college students who still live at home during the summer. There are many discounts available, and since you or your parents may be getting ready to acquire student loans, this should be at the forefront of your mind. Some policies offer discounts if you get good grades. Others offer a discount if you decide to leave your car at home with your parents if your school is over 100 miles from your home. If you took a driver training course, you might also be eligible for a discount. If you decide to take a car with you, then choose a safe and reliable vehicle. There may be even more discounts for this.

College Students Guide to Insurance-Getting Your Own Policy

If you are trying to assert your independence, you might want to get your own policy. There are so many factors that go into this process. Your credit score, type of car, the location, your driving record, and age are all things that are factored into price and eligibility. Often it will be cheaper for you to stay on your parents’ policy as long as you are still a resident of their home. The optimum time to get your own auto insurance is policy is after you turn 25 as the rates can significantly drop. This is due to your age and driving experience. We can shop around and figure out what option is best for you.

College Students Guide to Insurance-Tips for Having Your Car at Campus

• Do not let anyone else drive your car; you are ultimately responsible for it
• Do not leave valuables in your car
• If you have an iPod in your vehicle, engrave it with your name which will deter theft
• Always lock your car
• Don’t drink and drive

Homeowners/Renters Insurance

College students haul off to school a costly array of personal possessions. In addition to clothing, furniture, and books, many also will bring expensive personal electronics and sports equipment. With the cost of tuition rising, the last thing students or their parents want to do is to have to pay to replace costly items due to theft, fire, or another disaster.

Will my parents’ plan cover my personal items?

Your personal items that you take with you to campus will almost always be covered under your parents’ homeowners’ insurance policy. (but check with your agent just to make sure.) That being said, it may still be a good idea to purchase a renters insurance policy. Because each situation is different, you have to evaluate it and decide what is best for you.

Life Insurance

If you need student loans to help with tuition, it is a perfect time to purchase life insurance. Some loans are not forgiven if an unexpected tragedy should occur. Your parents will not want to deal with that if they lose you. Plus, the younger and healthier you are, the cheaper it is. There is no better time to purchase life insurance.

Now is the time that the rest of your life is beginning. Remember to evaluate your insurance needs now before you get so involved in life that you forget and it is too late. Contact us today to help you sort through it all.

• Multi-Policy Bundling for 2024: Combining your home and auto insurance policies can lead to substantial savings. Insurance companies in 2024 continue to offer discounts for bundling, making it easier to manage policies and reduce premiums. Call us at 1.888.445.2793 to learn more about your bundling options.
• Good Driver Discounts: Safe driving habits can qualify you for special discounts in 2024. Maintaining a clean driving record, free of accidents or tickets, can unlock additional savings on your auto insurance policy. Text Us to see if you qualify for a good driver discount.
• 2024 Claims-Free Discount: If you haven’t filed any claims in the past few years, you might be eligible for a claims-free discount. This discount applies to both home and auto insurance, reducing your premium for remaining claim-free. Call us at 1.888.445.2793 to check your eligibility.
• Military Discounts for 2024: Many insurance companies offer exclusive discounts for active military members, veterans, and their families. If you qualify, these discounts can help you save on home and auto policies. Text Us for more information about military discounts.
• Home Security Discounts: Installing security features in your home, such as alarm systems, cameras, or smart locks, can qualify you for a home insurance discount in 2024. Insurers reward homeowners who take steps to protect their property. Call us at 1.888.445.2793 for details on home security-related discounts.
• Low Mileage Discount: If you drive fewer miles in 2024, you may be eligible for a low mileage discount on your auto insurance. Insurance companies offer this to drivers who spend less time on the road, thus reducing their risk. Text Us to check if you qualify for this offer.
• 2024 Renewal Discounts: Renewing your policies early or without a lapse in coverage could earn you a renewal discount for 2024. Insurance companies often reward loyal customers with reduced rates for timely renewals. Call us at 1.888.445.2793 to see how much you can save by renewing early.
• Good Credit Score Discount: In 2024, maintaining a strong credit score can help you secure lower insurance rates. Many insurance companies offer better premiums for clients with good credit. Text Us to see how your credit score can impact your insurance costs.
• Vehicle Safety Features Discount: Driving a car equipped with modern safety features like anti-lock brakes, lane-keeping assistance, and airbags can earn you a discount on your auto insurance in 2024. Call us at 1.888.445.2793 to find out if your vehicle qualifies for this exclusive discount.
• Green Home Discount: Eco-friendly homes with energy-efficient appliances, solar panels, or other sustainable features may qualify for special discounts on home insurance in 2024. Call us at 1.888.445.2793 to learn how your green home can help reduce your premiums.

Last Updated on October 17, 2024 by Marlon Moss