Student Car Insurance – Tips On How To Qualify For A Discount
When your son or daughter starts going off to school it comes with a mixed emotional feeling and that is especially true for your student car insurance. You pride yourself on one day doing what is necessary to protect your child. You are proud on one hand, celebrate their accomplishments and hoping they well on their next big move. But on the other you are a wreck, filled with regret as you slowly come to accept that your child no longer has your close attention. It’s a gutsy move but one that is needed in these dire times.
Your kid will turn twenty-one in a couple of years. By then their income will have increased to a considerable amount and insurance companies have recognized this and have begun to charge more for their policies. If your child goes off to school and earns a GPA that puts them in the upper range for the price of insurance, you may not see that increase in your monthly payments. However, if you raise your yearly grade point average, which should take about two years, you will see a significant difference in your student car insurance rates. This is due to the younger drivers in college now having better earning potential and thus companies believe they are less of a risk.
Let’s talk about student car insurance and some possible discounts that you may be eligible for. One thing you can do is get a better grade and receive a better grade this will bring down your premium payments. Also if your child takes the driving program and passes all their tests they will qualify for a discount. Most auto insurers offer some sort of student discount for the first few years your child is on their policy. After this time you will have to get a higher deductible, which will push the premium up, but if your child stays accident free for five years you will also qualify for a discount.
Some insurance companies offer student discounts based on merit. For example, they will give a student discount if they live at home and are able to drive to school and back. They also offer discounts if they live at least one mile from the home. Another way you can get a discount is if you stay at the same school as your children for five years or more. Most auto insurers recognize that you will probably have to drive your vehicle to and from school, so you will most likely qualify for a student discount.
To qualify for a good student discount, you may want to consider one of these options. One option that is available to you is a good driver discount. If you can show proof that you are a good student, you can qualify for a good driver discount. Some good students will have graduated high school, taken a drivers ed course or have other forms of certification showing they are a good student. Some insurers recognize that drivers with good records are more likely to stay safe and stay to the right side of the road, so they give some drivers a good student discount.
The other option is a multi-car discount. This can be very helpful if you have more than one vehicle insured through the same insurer. If you have an older car that is worth less than the cost of your current insurance policy, and you have at least one vehicle that is being insured through a company other than your regular insurer, you may qualify for a multi-car school discount.
You should ask your insurer about other discounts that you may qualify for if you are a college student. Some insurers recognize the fact that younger drivers often have less experience and drive less, but they are less likely to have a car accident than older more experienced drivers. Insurers recognize this and offer some college students good student discount car insurance rates. In order to find out if you qualify for a good student discount, contact your provider directly. You can also check with the Better Business Bureau in order to determine if any complaints have been lodged against your current auto insurer.
If you live in a no-fault state, you will likely qualify for a good student discount if you belong to a school or organization that participates in a state farm program. Agencies like the Agriculture Department and National Milk Producers Association award membership to people who participate in agricultural education programs. Agencies like these recognize that farming is a very important industry in many states and often award good student discounts to those who belong to or are part of these associations. If you are a member of a state farm program, talk to your insurer about getting a good student rate.