From social to secular, your favorite college student is headed for a learning curve. While they’re busy hitting books and hanging out, take some time and do a little learning of your own. Here’s an auto insurance question we know you’re asking: I know that the risk posed by a young driver is high and our premiums still reflect that. Are there any discounts I can look into? Since kids can be on their parents’ policy till age 25—when the risk tapers off—it’s a given that mom and dad will be bearing a bit of a burden while everyone is under the same coverage. Thankfully, there are definitely some ways to cut costs without sacrificing protection. Just as with younger teen drivers, good grades matter! Holding at least a 3.0 (B) average will earn discounts that will make everyone happy. But oftentimes it’s what you don’t do that can save some cash. Talk with your student and decide whether taking a vehicle to college is really a need. Since most of your student’s social and student life will likely be centered right there on campus, you could jointly decide that a vehicle isn’t really necessary. At times, it may not even be possible. Some smaller schools just don’t have the room for all underclassmen—especially freshmen—to have a vehicle on campus. Not to worry though—there will always be that obliging friend, or even public transit. Here’s the positive: the simple act of not driving lowers risk. And if the school attended is over 100 miles away, leaving the car at home could spell serious savings on insurance premiums. A few other factors to think about:
Location: rural areas typically pose less risk than a congested city
Type of vehicle: flashy sports cars beg for attention—usually the wrong kind
Mileage: Less driving = less risk = possible discount
Driving record: A squeaky clean record proves responsibility and can also earn discounts
College days are about expanding horizons and preparing for “real” life—that’s enough to handle. With a trusted insurance partner on call, parents and students can relax and enjoy the ride.