What you can do to lower the cost of student car insurance
Students are among the most expensive drivers to insure. Inexperience, fatigue and busy schedules all can lead to fender-benders or worse. That's why an auto insurance policy that balances coverage and cost is so important.
The least expensive option for many student drives is to stay on their parents' policies. This may be a good choice for college students who may not keep a car on campus, but might borrow a friend's from time to time and drive during the semester breaks. Remember, if you're behind the wheel, you need to be insured.
For those who need their own policy, there are several ways to lower the costs and get cheaper car insurance for students:
1. Get good grades
Studies show that students with a higher grade point average are involved in fewer accidents. Students who earn a B average or better at school may qualify for up to a 15% discount on car insurance. It's a smart way to achieve cheap car insurance for students.
2. Take a defensive driving class
Motor vehicle crashes are the leading cause of death for U.S. teens, accounting for more than one in three deaths in this age group. To fight this trend, Nationwide offers a discount to drivers who successfully complete an approved motor vehicle accident prevention course. Just a little more studying may save you money – and make you a smarter driver.
3. Protect your car…and yourself
You may save additional dollars by installing an anti-theft device in the vehicle. Savings vary based on the device installed and the state where the vehicle is garaged. And when you insure a vehicle with full front-seat airbags or restraint devices that work automatically when your door closes, you may qualify for yet another discount.
4. Raise your deductible
You may get cheaper car insurance for students by making simple changes to the policy. A higher deductible on the vehicle may lower your rate – but if you have an accident, you may have to pay more out-of-pocket expenses.
5. Consider a used car
If you're purchasing a car, visit the used car lot. And it's good to know that reliable family sedans, versus SUVs and sports cars (especially convertibles), are usually less expensive to insure.