How To Save Money On Students' Car Insurance

How To Save Money On Students' Car Insurance

If you're tired of paying high premiums on your students' car insurance, or if you're the student yourself, the following tips are the best tips to help you get cheap car insurance quotes. Follow these tips for the best quality car insurance at the cheapest rates.

1.  The type of car that you (the student driver) have has a bearing on the amount of your insurance premium.  Four-door sedans are much cheaper to insure than two-door cars. The difference amounts to between $20 and $40 on a six-month insurance premium.  It could cost more if the student is a high-risk driver. You'll pay about ten percent more on students' car insurance if you drive a four-wheel drive pickup rather than a standard model.

You can get bigger savings on students' car insurance by driving a minivan or better yet a four-door sedan. If you have an older car with little replacement value it can result in big insurance savings because the physical damage coverage for the car is optional. The exception to this is if you bought the car with a loan.  If you buy this type of car, make sure that it's in top condition or any insurance savings may be offset by higher auto maintenance costs.

2.  Take a driver's education course. Most of the auto insurance companies will give an added discount on students' car insurance, usually about five percent to students who have taken a driver's education class or course. Most of them let the student keep the discount until he/she reaches the age of 25.  Fewer schools offer driver's education classes these days so you may have to pay for a private driver's education course.  These can cost anywhere from $150 to $400.

You can take a cheaper online driver education course which will cost less than half than the offline classes.  Check with your insurance company and state department of motor vehicles first to make sure they will accept the class or course before you sign up.  Also make sure they will provide you with a certificate of completion.

3.  Most of the auto insurance companies offer a good-student discount.  They theorize that if you do well in school you'll be less likely to get into an automobile accident. You can save as much as twenty percent of your premium.  You must have a 3.0 GPA or more and take a full load of courses.

4.  If you're a college student and plan to take the car away with you to college you can save in other ways too. Car insurance premiums are priced according to what is called a risk profile of the geographic area where the car will be driven.  Find out from your insurance agent if that area is better than the risk profile of your hometown area. Also you can ask your insurance agent to list your car as "garaged' if your college location is better. You could save three to six percent.

5.  Make sure to pick the right deductible.  If you have a low deductible you'll have high monthly premiums.  If you want to avoid paying too much for students' auto insurance than get the highest deductible that fits your budget.  You can save as much as twenty to twenty six percent on your insurance premiums.

By following these five best, students' car insurance tips you should be able to get the best, cheap car insurance quotes and save lots of money. In some cases student drivers should be able to save as much as two-thirds on their premiums.

copyright©2008 Helen Hecker All rights reserved. No permission is given to copy or reproduce this article in any way or in any form.