As a college student, you probably don't have a lot of money at your disposal for expenses. If you are like most students, then you are constantly on the lookout for deals and discounts on how to afford things. Well, here are a few helpful tips on how you can lower your auto insurance rates:
Stay on Your Parent's Policy
If you are a typical college student, meaning you are in your late teens or early twenties, then it will be cheaper for you to stay on your parent's policy than to buy your own coverage. Of course, there are a few additional qualifications that you have to meet. For example, most insurance companies will only allow you to stay on your parent's policy if you attend college within a certain distance from your parents or leave your car at home during the school term.
Live On Campus
Living on campus can score you low auto insurance rates for two main reasons. First, living on campus means you don't have to commute to and from college every day, which reduces your exposure to accidents as well as your annual driving mileage. Secondly, campus parking is likely to be safer than parking places outside the college, and insurance companies are aware of this fact.
Live Close To Campus
If, for one reason or another, you can't live in campus housing, you can also manage lower auto insurance costs by living close to campus. Again, there are two main reasons for this; campus neighborhoods tend to have better security and you also reduce or avoid commute-related mileage.
Get Stellar Grades
Most auto insurance companies give discounts to students who attain and maintain good grades. Something like a B average is likely to earn you a good student discount, but the exact grade and discount will depend on your insurer. This is one more motivation point to work hard in school!
Apply the Usual Low-Auto-Insurance Tips
Apart from targeting these student-centric tips, you can still lower your car insurance rates by executing the usual measures that all motorists use to minimize their coverage rates. This includes things like maintaining a good driving history, not driving a terribly expensive car, and bundling your auto coverage with other lines of insurance.
If you are planning to join college soon, why not give your insurance agent a call before moving? The agent may be able to help you with further tips and advice on how to keep your insurance rates low.