Tuesday, August 2, 2011

Car insurance: Students can get better rates.

College students feel the need to drive a car, but a car and expenses that you can incur, like insurance, can break a college budget. The best thing a college student can do is to not have a car. But, many times that's a solution that is not heeded. There are things one can do to lower their auto insurance rates.

Check your current auto policy for any extras that are charged for. Like roadside assistance, towing, and other things that are not really part of the insurance for your car. Drop these and your payments should be lower.

College students may be eligible for good grade discounts. Check with your insurance company and make sure you are getting all discounts, including good driver.

Increasing your deductible can really take a chunk out of your car insurance costs. Try and go for the biggest deductible that you can get. You can probably save hundreds of dollars a year on this alone.

Only pay for the coverage you need. Many insurance companies offer different levels of coverage. Anywhere from minimum coverage, to maybe a gold standard. The top package will include many things, but the cost goes up accordingly. These things can include rental cars, deductible waivers, pick up and drop off, and many other things. The lowest coverage will be the cheapest. Just be sure that what the lowest coverage is will satisfy the state in which you will be attending college accepts.

You have probably seen the many auto insurance commercials about how switching will save you money. It's true in some cases. If you are unhappy with your insurance rates, shop the big companies and see who has the best deal. You may be able to actually save some serious money.

New technology is allowing insurance companies to monitor your driving habits. If you are comfortable with this, you could get a discount.

The bottom line is to make driving a car in college cheap. Get the most discounts you can to save as much money as you can.

>>More car insurance tips for college students.

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