Lower Car Insurance Rates for Students
Usually, the best way to get lower rates for a student is to add
their name to an existing car insurance policy. If they own the
car themselves or are obviously the primary driver simply adding
their name isn t possible. There are, however some more tips specific
to students for lowering car insurance rates. Have a look.
Outrageously high student car insurance rates
A recent survey showed that the average student can expect to shell
out anywhere between four and ten thousand dollars a year. Car insurance
companies charge these outrageous rates because, of course, new
drivers are a much higher risk.
Thinking back to when I was in high-school it s a wonder any of
us were insurable at all. There were however some among us that
certainly deserved much lower rates than others. Most of those safer
drivers fell into an easy to spot pattern. With a bit of searching
you should be able to find a car insurance company that looks for
this pattern as well.
Criteria car insurance companies use to determine lower
student rates:
This is by no means a complete list of criteria car insurance companies
look at to determine rates. These are simply common signs that a
student isn t a hormone enraged psychopath behind the wheel of a
death machine.
Lower rates for Grade A Students
The majority of insurance companies consider honor roll students
to be safer drivers. Perhaps it s because they have more to live
for, or maybe it s because they re so busy studying that they don
t have much time for driving dangerously. Whatever the case submitting
a report card with a B average could bee all you need to lower your
rates.
Extracurricular activities equals safer driver
College students in the Golden Key National Honor Society receive
lowered rates from most car insurance companies. Also students that
are involved in or are members of fraternities, and student associations
like student congress are more likely to receive a discount on their
overall premium.
Proximity to school and work Insurance companies
figure that any student that owns their own vehicle must have a
job. If said job is within a certain distance from home and school
you may qualify for a low-mileage discount. This can also include
university students that live on campus and therefore don t need
to drive back and forth to school on a regular basis.
Jacob Wren is assistant editor of Are
You Covered? - a resource site that offers advice on lower
student car insurance rates and several other insurance topics.
Car Insurance Resources
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