If you are a college student, chances are you are having difficult time getting cheap college insurance. The average college student will need to shell out $1,500 to $4,500 a year for car insurance. That is pretty expensive for college students who are struggling to make their allowances last.
The high cost of car insurance for college students is not unwarranted. Insurance companies consider those under the 17-25 age bracket high-risk drivers because statistics show that people in that age bracket, especially the men, are more reckless with their driving and are more likely to get involved in traffic accidents. This type of reckless behavior drives the price of car insurance up.
So if you are a college student and have a car, how can you get a good car insurance. Below are some tips that will help you get good car insurance.
- Maintain good grades. Insurance companies give discounts to college students who belong to the top 20% of their class. The same thing also applies for college students who have a grade point average of 3.0, a B or higher, and/or were on the Dean's List in the prior semesters. The rationale behind this is that responsible students are expected to be responsible drivers.
- Keep a good driving record. This goes for all automobile drivers, not only just college students. The higher the records of involvement in traffic accidents results in higher monthly premiums and so does a long list of traffic violations. Drive safely and carefully and you will definitely get lower premiums on your car insurance.
- Look for discounts. Some insurance companies give discounts to college students who live near the campus because of low mileage on the vehicle. If you are do carpools with your friends to get to the school, then you might also qualify for a discount from your insurer.
- Get a credit card and use it. Insurance companies give lower premiums to car owners who have good credit scores. If you show that you pay for your credit card bills on time, the insurance company might cut you some slack and lower your premiums.
- Enroll in driving lessons. This would certainly be of benefit for male college students. Insurance companies give props to anyone, not just college students, who take time out of their busy schedules to learn the basics of safe and responsible driving.
- Choose an inexpensive car. High-end cars cost more to insure than the average ones. The purpose of having a car is top get you from one location to the next so choose one that will do the job but will not bleed you dry with premiums. Stay away from sports cars and old car models that cost a fortune to maintain.
These are just some tips on how college students can get good car insurance. It is always better to be insured to be able to recover unexpected losses especially due to car accidents.