Affordable Auto Insurance for College Students

If you’re a college student, the one thing you don’t have a lot of is most likely money. This can be difficult when you’re trying to insure a vehicle to get you back and forth to class and to your job. Fortunately, however, there are a few little tricks you can do to ensure that you get the lowest insurance rates possible. Of course, not every provider or carrier will accept the methods listed here, so be sure that you’ve chosen one that does. While most companies will accept at least one or two of these, there are some real rip-offs that refuse to honor them. Remember that it is never too late to change your insurance carrier. In fact, sometimes you may even be given a special incentive rate just for having switched.

One of the first tricks is to simply do well in your studies. Many insurance companies offer a “good student discount.” This discount is usually available to any full time degree seeking college student in a four year university or college or in a two year college who meets certain academic standards. These standards will vary from provider to provider, but usually you must meet all or some of the following criteria: ranked in the top 20 percent of your class, maintaining a grade point average (GPA) of at least a 3.0, a grade average of B or higher, a member of the dean’s list, or a member of the honor roll. You will, of course, have to provide proof, such as a college transcript or an authorized letter from the college or university that you meet these criteria. Also keep in mind that if the criteria for your current provider is too strict, you can find one that is less stringent; this is great for those students who meet some but not all of these qualifications.

Another important thing you can do to lower your rate is to take a driving class. In most cases, these will be referred to as community driving classes or defensive driving classes. Of course, don’t just assume that any course in driving will do. Ask your insurance provider, if applicable, for a list of acceptable courses that you may take. Successfully completing the course will lower your insurance rate only slightly, but every little bit helps when you’re struggling to make ends meet. Even if you don’t feel you need the class, it will be well worth it to sit through a few hours of boredom for a lower premium.

Finally, try to build a strong credit history. Those drivers who have poor or, most commonly in the case of college students, no credit will have to pay more money for car insurance. The easiest ways to build your credit are to maintain steady employment and pay any and all bills on time and in full. Do not let debts mount up and, of course, be sure that your insurance is the first thing paid every month. This can lower your insurance rate significantly. In addition to these tips, don’t forget to drive safely, carefully, and legally all times for an additional drop in your rates.

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