Are you a college student who drives your own wheels? Chances are, you’re thrilled to be getting around with ease. But owning a car also comes with specific responsibilities such as gas, toll fees, parking and of course, car insurance.
Most of us are strapped for cash these days and struggling, especially college students who have a hard time trying to make ends meet.
If you’re shopping for the best way to save on car insurance right now, here are the things that you need to look into:
1. Stay on your parents’ car insurance policy
You can save some money if you can opt to stay under your parents’ car insurance policy rather than getting your own. Your parents are likely to have better coverage and paying lower premiums. With that said, make sure that you list your parents’ primary address, and their names appear on your vehicle documents to become eligible.
2. Drive safely and try to Obey the Law
Maintaining clean driving records is a great way to cut your insurance costs down. Insurers see you as a high-risk driver (meaning, you have more potential to get involved in collisions and file for claims) and they’ll be likely to charge you higher premiums. But if you can demonstrate that you’re a safe driver, then they have reason to bring your premiums down.
3. Study and maintain good grades
Apart from making your parents happy with your stellar school performance, good grades can also come in handy when you’re trying to save money on car insurance. Most insurance companies offer incentives and discounts to college drivers who do well in school. Even better, get yourself on the dean’s list, or honor roll and your insurer might be more than happy to give you additional perks.
4. Choose your wheels wisely
Do you like the idea of impressing your friends with a luxury vehicle or one that drives really fast? Well, you should know that insuring them can cost you a lot. The purpose of your car is to take you from point A to B, so try to keep options safe and modest. Opt for a sedan or an SUV instead.
Lastly, do not skip car insurance. You need it, and others need it. Never settle for zero protection at all.
5. Take a defensive driving class
Taking a defensive driving class and passing will take some money off your monthly insurance bill. For a couple of hours a week, you’ll be enjoying the rewards for the rest of your insurable days.
