Just because you are on a tight budget that does not mean that you should forgo paying your student car insurance. Remember that it is illegal to drive without a valid auto insurance coverage in this country so if you do not want to get in trouble with the law you better keep your student car insurance active.
Getting student car insurance policy that is right for your budget is fairly easy. First, you can save money by getting the minimum or “bare bones” coverage. Now, different states have different rules when it comes to auto insurance so do not take things for granted. Take a closer look at the auto insurance laws of your state and find out how much required coverage is.
Will the minimum coverage required under the law be enough to keep you fully protected? Technically, bare bones coverage is not enough to cover all expenses related to road accidents and such but then again, if you are a very careful driver and you are not always on the road, you do not need those high end insurance packages. Besides, if you drive an old car, you might as well get cheap coverage. Is there a need for you to purchase optional coverage? Although optional coverage is good, it can also drive up the cost of your premiums so you might as well forget about it. Remember that your goal here is to save money so keep your coverage to the minimum.
Aside from getting bare bones insurance, you save money on your premiums by comparing insurance quotes. You do not need to call an insurance broker to obtain quotes. To get quotes, simply go online and get in touch with some reputable car insurers. Smaller insurance companies usually offer better prices so you might want to focus your attention on these firms. Just make sure that you deal only with financially stable firms to avoid problems in the future. Also, be sure to deal with companies that provide good service to its clients. Look for companies that have received awards and citations from reputable award giving bodies. These types of companies are usually the most reliable ones.
Getting discounts is another way to save money on your student car insurance. There are literally hundreds of insurers out there that are willing to give discounts to students who have good grades. If you have an average grade of B, you may be able to get as much as 10% to 15% discount from your premiums. Taking one of those government-approved safe driving courses can also qualify you for more discounts.