Most students dream of having a car while in college. It is true that it is an added convenience because you can avoid commuting in buses, walking long distances, and others. But more than that, having a car can bolster your image as an individual in the campus. Of course, who does not want to be cool in college?
However, for students like us, it would be a lot cooler if we have car insurances to protect us and our car in times of accidents. Below are some of the things that insurance companies will require for a student car insurance policy.
The basic things that applies to everyone. Those things pertain to age, gender, driving history, location of vehicle, damage history, and driving frequency and distance. Such things apply to anyone who needs car insurance. As we all know, the younger the driver the higher the premiums. It is because insurance companies assume that if you are older you are more experienced on the road. Gender is a factor too because if you are a woman, you get lower premium rates by default as compared to men. If you are in quite a few car accidents in the previous years or if you have too many violations from the previous months, your premium would increase because you will be seen as accident prone driver. Where you are driving is a factor too. If your campus is located in areas where the streets are unsafe for driving and parking, the premium would be more expensive because the area is prone to accidents. And of course, driving frequency and distance, affect premium rates because the more time you spend on the road translates into more potential for an accident to happen. Having a functional alarm system is a plus point too because it can help scare away the burglars hence lessening insurance premiums.
So, those are the basic things you have to accomplish. What is then so good about having student car insurance?
You could have discounts. Although in principle insurance companies are businesses, they still allow for discounts on some of their offers. The student car insurance package is one of those things that have many discountable properties in them. There are some that give lesser rates by having higher grades or driving in a safer campus. There are some that offers discounts if you lessen the frequency you take your car to parties and others. With lower premium rates to pay, you can spend the remainder of your money on your hobbies, to more important things; you can save it, or throw a party every weekend.
It could be a good record in the future. Having car insurance in college can affect your driving history in the future. If insurance companies saw in the records that you avail such insurance policies while you were younger, they would not hesitate to give you lower premiums because it helps build up your reputation as a 'responsible driver'.
Optional perks. Such packages also include important things like free driving tips and car maintenance options. Some insurance companies give primacy to attracting younger drivers because they can help them become an observant driver in the future through such perks. If you are the type who wanted to be safe on campus while driving, might as well bite the offers.
Resource: http://www.isnare.com/?aid=406387&ca=Finances
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