Not all students are privileged to drive their own cars to school. In fact a vast majority of students do not own a car and settle for other modes of transportation such as bikes and buses.
If you drive your own car to school, count yourself lucky. However, with certain privileges come responsibilities. As a driver, one of the most important things you need to do is get your car insured in case of any untoward incident that would necessitate repairs or worse replacement. Collisions and accidents are inherent risks that come with driving cars, primarily because of their capability to be driven in high speed.
As a student you have important expenses to think of like books and tuition and getting a student car insurance can put a dent in your budget.
However, with careful and thoughtful approach, you can manage to get yourself a cheap student car insurance that not only covers you for any untoward event, but at the same time, save you precious dollars which you could use for other purposes.
Here are some helpful tips you can use when choosing student car insurance:
Compare different plans
Arm yourself with as much information as you can. Look at different student car insurance plans and weigh their upsides versus downsides. Compare rates, benefits, and coverage. For starters, choose plans from three reputable and stable insurance companies.
Good grades can help
A lot of companies offer discounted rates to students who are able maintain at least a B average in their studies. If you qualify, companies would ask you to present proof of your grades like transcript of records.
Look for discount offers
Apart from student discounts, you can also avail of other discount promos that companies also offer. Get hold of as many discounts as you can to save up on expenses. Some companies offer family discounts whereby if you sign up for a similar insurance company with your family members, you will be charged a lower rate.
Choice of car
One basis that companies use when computing for premiums is car type. As a rule, the higher the risk profile of a certain model, the higher the premiums. For example, sports cars and small cars fall under the high risk category because of their poor safety records, plus the fact that they are favourite targets of thieves and criminals.
You would be better off choosing a car that has fewer options, but highly practical and has good gas mileage.
It may be an added burden to your already limited budget, but with the number of road accidents and car thefts being reported nowadays, it would be extremely helpful and beneficial to get your car insured.