College is a difficult time for both students and parents. Those who have cars in college have a difficult time, especially concerning car insurance. Having a kid going to college and driving a vehicle puts them at more risk than students without cars.
It would be best if you gave your child advice about handling a car in college. Insurance will help keep them safe and pay for any issues that arise with the vehicle. There is much you can do to get good insurance coverage for your child in college, particularly avoiding insurance pitfalls such as:
Not Asking For Discounts
When getting insurance for your child, you should aim to gain as much advantage as possible since they will probably use the coverage. One way to do that is to ask for student discounts which most insurance providers will offer.
The auto insurance discounts may be mainly geared towards students with good grades, but there may still be discounts that apply to college students in general. Car insurance discounts can significantly reduce the cost of insurance premiums which will help you save money for other purposes which may involve your kid’s car.
Assuming Students, Will Make Good Driving Choices
If you have a child heading to college, you have probably been giving them driving advice about safe driving in their car. If you allow them to go to college with the car, you trust them to make good decisions with the vehicle.
However, college is a different ball game, and children will act differently in college than in high school. The lack of supervision and peer pressure may cause them to make poor choices in college, meaning there is a higher chance of them getting into an accident.
Poor driving choices may lead to strikes on your insurance record if the child is still under your policy and significantly increase your premiums. It may be better to get the kid an alternative such as a scooter or bicycle, not a motorcycle.
Removing Children From Parent’s Coverage
All parents should seriously consider keeping their children on their insurance policy. A common mistake many parents make is removing their children from their auto insurance policy because they are going off to college.
Kids in college are still considered to be dependents which can have a benefit when it comes to auto insurance. Suppose the student is involved in a severe car accident.
In that case, a competent attorney can use the fact that they were considered a dependent and get a more lenient judgment than if they were to be considered an adult with their own insurance coverage.
Failing to Compare Car Insurance Quotes
If you get separate insurance for your child, who is soon to be a college student, you should get them the best coverage possible. College will be a formative and exciting experience where car accidents are likely.
If you are to give them the best possible chance of keeping their car in good condition, you should get them the most conclusive insurance coverage. However, you will also need to get the best deal possible, and the way to do that is to compare as many insurance policies as possible.
The good news is that there are online tools to help you do just that. The key is to get affordable insurance rates; hence you will be evaluating cheap auto insurance policies. Review the competitive quotes and find the best deal for you and your child. The more quotes you compare, the better the deal you can get.
Parents and students make many mistakes when looking for car insurance, particularly when the young one is heading off to college.
The ones above are but a tiny fraction of those mistakes. However, if you avoid these pitfalls, you significantly increase the chances of getting superb auto insurance coverage and rates.