Many students go to colleges across the country and often bring cars to school. Whether the school is 25 or 2,000 miles away, parents must ensure their children have the financial protection that auto insurance can give them while away from home.
Obtaining suitable auto insurance for a student can impact both parent and student expenses, making it necessary to evaluate what auto coverage makes sense financially and from coverage perspectives—and whether that’s having their own insurance or possibly remaining on Mom and Dad’s insurance.
Can My College Student Remain on My Auto Insurance?
Remaining on parental auto insurance can be the most cost-effective method for a student to obtain coverage, but it’s not always possible. There are numerous factors that could affect whether your existing policy can cover your college student while they’re away at school. For example, whether your child is listed on the vehicle’s title or where your child is attending college and the proximity to your home may affect whether your student can remain on your policy if they take a car to school. You may also want to keep them on your policy so that they can drive a car when they’re home from school.
The Curtis Owens Insurance Agency has provided drivers with auto protection since 1985. We can work with you and your student to understand what coverage is needed at school.
What Should My Student Know About Auto Insurance?
If your student needs their own auto insurance, there are numerous considerations. These are important to review and can help ensure your student gets the best coverage for their needs.
· Coverage: There are various types of insurance coverage, and we can explore what best meets your teen’s needs. An auto insurance premium is often based on age, driving history and geographic location.
· Insurance company rating: Insurance companies receive ratings based on customer feedback and the company’s financial stability.
· Policy state: You want to be sure the insurance company you choose can issue policies in the state where your student plans to live.
· Student discount: Many insurers offer good student discounts to college students, especially if they’re under 25 and maintain a certain GPA. Typically to receive this discount, you will need to provide proof of enrollment and academic achievement, which might be a report card or transcript, standardized test score results, a letter from a school administrator, or a dean’s list or honor roll certificate.
Insurance Coverage for Your Financial Livelihood
Auto insurance is a big step in your financial future, whether it’s part of a parental policy or your own. You want to ensure the chosen coverage gives you the protection you need. Fortunately, there are numerous ways to acquire affordable coverage, and we can help you get a reasonable policy.
Call the Curtis Owens Insurance Agency at 800-256-3575 to ensure you have the auto insurance coverage that will protect your student while away at school.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.