Car Insurance Premiums for Students Can Be Cheaper?


One of the drawbacks that young students face is higher car insurance rates. Most insurers consider them to be high risk drivers since they do not have sufficient driving experience and are considered to be more prone to accidents. However, no matter how pessimistic that may sound there are ways for students to lower their insurance premiums and search for the best possible rates.

One of the important things that insurers consider is the grades. A good student is considered more responsible as a driver. Those with better grades like an ‘A’ or ‘B’, a GPA or grade point average of 3.0 or more, and good ratings in their SAT can expect to be offered a discount on their insurance premiums. Keep up the good grades and lower premiums could be on the way. In addition, a driver’s education course will allow you to become a safe and responsible driver and find favor with your insurer. Small discounts go a long way in lowering your insurance premium and helping you save money. Opting for cover under your parent’s insurance policy could help you save. However, they will end up having to bear an additional cost.

As a student it is not worth owning a brand new and expensive car. This is a sure way to boost your car insurance premium. It would be prudent to stick to lower priced models. Just make sure to install the maximum amount of safety and security features. Air bags, anti-theft devices, and other safety enhancements will lower your insurance cost. In the process, learn to shop for insurance smartly with a bit of comparison shopping online. There are several websites that offer unbiased quotes from the leading insurance providers in your area. You can compare rates and the terms and conditions so that you can opt for the best possible coverage at the lowest price. Just make sure you don’t compromise on coverage for the sake of a few dollars.

Keep a good driving record. This is your ticket to lowering your insurance premiums as the days go by. Any accident could deter your chances of favorable discounts so make sure you stick to the rules when driving. Maintain a low mileage and refrain from taking short trips. Insurance companies offer discounts for drivers that clock less miles every year. These are simple yet very effective strategies to lower your student car insurance premium. While shopping, make sure you understand the terms and conditions of the policy before you sign on the dotted line.

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