Qualifying for cheap car insurance as a student
High school and college students have to pay some of the highest car insurance premiums on the market. However, there are a number of ways to reduce the costs of coverage, like having a clean driving record and doing well in school. Remember the following points and you’ll qualify for cheaper car insurance.
Teenagers don’t usually make much money, and car insurance rates eat into what little they make. Most insurance companies believe that younger, inexperienced drivers are more likely to make mistakes, get into accidents, and have a higher likelihood of driving over the speed limit. All these things are taken into account and inflate your insurance premiums. Moreover, even most insignificant infractions like speeding tickets can skyrocket your premiums.
How Can Students get Cheap Car Insurance?
Car insurance agencies do offer discounts to young drivers, but in order get these elusive discounts they have to fulfill certain requirements. If you’re a full-time student, what you need are good grades and a clean record. You will need to maintain at least a 3.0 average. That’s a ‘B’ or ‘B+’ in high school and college. In addition to this, if you can perform well in the college prep tests, stay within the top 15 percent of the student body and get on the dean’s list, you will be able to strengthen your case and lower your car insurance premiums.
In order to get cheap car insurance, have a word with your insurance providers. Talk to them about your specific situation and see how much you could save. Insurance agencies tend to see a responsible student as a responsible driver and may offer significant discounts on your insurance.
In order to get a really cheap car insurance policy you will need to shop around a bit. Even if your parents have a multiple car policy, a high discount on student’s car insurance makes it worth your while to switch to a different insurance provider.