Cheap Student Car Insurance
Cheap Student Car Insurance
Student Car Insurance For Males – Tips For Lower Rates
Finding cheap car Insurance Rates for high school and college students can be extremely difficult for their parents. Car insurance for students can be quite high, especially for males under the age of 25.
Not all insurance companies will give lower rates for this age group, but if you do your homework and shop around it can be possible to save quite a bit of money.
Although shopping around (especially online) can help, there are some other important steps you can take before you ask insurance providers for a rate quote for your student driver.
Find The Best Kind Of Car To Buy For Lower Rates
Insurance companies employ the services of statisticians called actuaries who collect information from car accidents that have happened over a determined period of time.
This data is used to help them find out the risk factors for different aged drivers, sex of the driver, type of car driven and so on. Male drivers under the age of 25 are statistically more likely to be involved in a traffic accident.
If a younger student driver is driving a sporty car, like a two door coupe with a stick shift of a certain model, the rates for that driver with that car will be higher.
The reason is that statistically that type of car is involved in more accidents than a four door sedan. Also, however, a large sedan may have high rates because they are known to be used in street races more often.
The best way to determine which car to buy for a student driver, find out from two or three insurance companies what the rates would be for that type of car. If you buy a sporty car, then your rates are going to be higher, just because that style of car is more often in accidents.
Find An Older Car In Good Condition
A good way to save hundreds of dollars on insurance coverage is to purchase an older car for your teenage or college student. If you can find a good, dependable car for a few thousand dollars that you can pay cash for, you can get liability coverage only and save a lot of money.
If you already have an older car that you can hand down to your student driver, do it. These older cars are much cheaper to insure and you only need to have liability coverage to satisfy the state requirements for insurance.
Of course if the car is damaged in an accident, your insurance company will not cover the repairs but in the long run it can be cheaper to pay for the repairs yourself or replace the car than it would be to pay the exorbitant cost of full coverage insurance for a newer car.
And of course if your student driver was at fault, the insurance company will cover the damages to the other person’s car and personal injury. Of course your student may not be thrilled about the prospects of buying the hand-me-down family sedan, but it makes sense financially and should be a serious consideration.
Your College Student May Not Need A Car
When our son went to college, he lived on campus and everything he needed was on campus. We decided that he did not need his own car during his freshman year. And he did just fine without one. Not only did it save us a ton of money on insurance but also on gas, car maintenance and peace of mind.
If your college student is at college without a car, let your insurance company know and ask them to adjust their rates so that the student can still drive when they are home for breaks. Your student car insurance rates will be considerably lower.
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Cheap car insurance?
I have progressive now and I’m paying 85/mo. I tried esurance but they were WAY more expensive. I’ll be in school soon and wont be able to afford my current policy. I’m looking for something cheaper, possible with student discounts. Any ideas?
I can offer you cheaper insurance. You pay me $20/month then when you have a claim I will just deny it and pay you nothing. See how super cheap insurance works?
Keep Progressive. They are hard on repair shops but that’s not your problem if you don’t care where your car is repaired. Just use their network of preferred shops and you’ll be fine.
Cheap Student Car Insurance
Cheap car insurance?
I have progressive now and I’m paying 85/mo. I tried esurance but they were WAY more expensive. I’ll be in school soon and wont be able to afford my current policy. I’m looking for something cheaper, possible with student discounts. Any ideas?
I can offer you cheaper insurance. You pay me $20/month then when you have a claim I will just deny it and pay you nothing. See how super cheap insurance works?
Keep Progressive. They are hard on repair shops but that’s not your problem if you don’t care where your car is repaired. Just use their network of preferred shops and you’ll be fine.
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