Is your car insurance secured before going off to college? College means dealing with a lot of details. From buying the right books to finding the perfect dorm room, there’s a lot of work. While you’re going through all the preparations, you also need to consider one crucial detail — your car insurance.
Choose a car that fits you
As a college student, you want to pick the car that is cheaper to insure. Old sturdy cars might be out of trend, but they sure are less expensive to maintain than the newer models. Getting a large and safer car can also make your car insurance expenses lower.
Good grades help car insurance too
Car insurance companies offer discounts if you can maintain a 3.0 GPA. You have additional motivation to keep your grades up. Look at different auto insurance providers and compare all their student discounts.
Watch your credit score
One lesson you’re going to learn as you move away from home is how vital credit rating is. A lot of financial opportunities will hinge on having a good credit score. Car insurance is no different. Having a solid credit rating will lower your car insurance rates. The money you save from this can be used for college expenses.
Remain in your parent’s policy
You can try the option of being listed as a driver in your parent’s car insurance policy. In some cases, this can be cheaper than having your policy. As long as they are the legal owner of the car your driving, this option is possible.
Avoid policy lapses
Remember to pay your car insurance policy on time. If you’re a couple of weeks late in paying, some state can count that as a lapse. Keep in mind that insurance companies can spike up your rate once if you continue to commit insurance lapses. Always pay attention to when your policy is due for renewal and make sure your payments are on time.