All You Need to Know About Car Insurance For College Students

Tuition, books, and other living expenses add up quickly when attending school. Some of your (or your parents’) financial goals may include lowering your auto insurance premiums. As crucial as finding the lowest possible rate for vehicle insurance is, finding the correct level of coverage is just as important.

College students looking for auto insurance may find the following suggestions useful:

The question is whether college students should be responsible for their own car insurance policies.

Moving out of the house may have you thinking if you need to get your own car insurance policy as well. While attending school, what kind of vehicle you’ll be driving is a factor in the response.

Where Are You Going to Stay?

You may be eligible to maintain the automobile you drive on your parent’s insurance policy if your parent’s address is still deemed your permanent address while you’re in college (depending on who owns the vehicle).

It’s a good idea to check with your agent to see whether you can stay on your parents’ policy while living on-campus or renting an apartment during the school year.

Which name is on the title of the vehicle?

When determining whether a college student needs their own car insurance coverage, one consideration is who owns the vehicle.

In some cases, you may be permitted to stay on the family vehicle insurance coverage if the automobile is titled in your parent’s name and you are driving it to school.

You may be eligible to stay on your parent’s vehicle insurance coverage if the automobile is jointly titled – that is, it has your name and a parent’s name.

If your name appears on the car’s title, you’ll likely need to purchase a separate insurance policy for the vehicle.


To retain your student on your auto insurance policy, if you own the vehicle they’re using for school, you may need to get a waiver from the insurance company. The only alternative would be to get his own insurance separately.


As a parent or guardian of a college freshman, you should check your current insurance policy to be sure it covers your needs, regardless of whether you live on campus or commute.

It’s important to consider about the parking situation for students who drive to school. Consider complete coverage if you frequently park your car outside. When an automobile is stolen or damaged by acts of nature, such as hail or vandalism, this insurance can assist cover the cost of a replacement.

If the student will be driving to and from class, collision coverage would be a smart option. As a result of a collision with another vehicle or item, you may be eligible for compensation.

If you’re leasing or financing a car, collision and comprehensive coverage are frequently required by your lender. There are some situations in which you may be able to withdraw one or both coverages from your automobile insurance policy to save money. If your automobile is damaged and you don’t have collision or comprehensive coverage, your insurance won’t pay for repairs.

Student discounts on car insurance are available for those who are currently attending college.
If you (or your parents) want to save money on your auto insurance premiums now that you’re in college, several insurance companies offer discounts to students.

Discounts for Locally Educated Individuals

While living on campus, you may be able to save your parents some money if the automobile you usually drive is titled in their name and you’re leaving it there. Students who attend colleges that are at least 100 miles away from home may be eligible for a discount known as the “resident student” because they won’t have to use the family automobile as much now that they’re away at school.

You don’t lose your low-risk driver status just because you’ve graduated from high school. The majority of insurance companies offer a significant discount to full-time, unmarried students under the age of 25 who are enrolled full-time in school. Get in touch with your insurance provider to find out if you’re eligible for a discount for maintaining a solid GPA while in school.

Special Rates for Multiple Policies

Students who rent an apartment and have their own automobile insurance policy may be eligible for a discount by bundling their plans. Many insurance companies offer discounts for consumers who have multiple policies with the same provider.

Anti-Theft Devices are offered at a discount.

Researching the area’s crime rate is a smart move before moving in. This could help you find an apartment in a safe neighborhood and prepare for life in your new location. Anti-theft devices for your automobile may be a wise investment if you’re moving away to college and bringing your car with you. So doing may reduce the risk of your belongings being stolen and also help you save on your auto insurance.

It’s impossible to provide a recommendation for vehicle insurance for college students that is applicable to all of them equally. An insurance policy can be tailored to fit the needs of each student, which can affect the quantity of coverage and the cost of premiums. Your insurance provider can help you design a policy that meets your specific needs.

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