AUTO INSURANCE ARTICLE

Cutting Down Your Student Auto Insurance Rates

By: cradel_book

Student life is already complicated without thinking about your car insurance. But for such a basic necessity, you really can’t avoid but think about it don’t you? Good news for you, there are several cost-saving methods for your student auto insurance. Here are some:

Drive a standard and older car,. Standard cars, which have bodies of steel are far cheaper to repair compared to sports cars that are fiberglass-made. And even if you are driving a regular car, choose that with less likelihood of being stolen. A car which is of lower-risk from theft generally means lesser cost for your premium rates. Not just that, driving one of those standard and older car which has a worth of $3,000 or less, allows you to cut out collision insurance from your policy.

Pay on time. The reward for this is not only a feeling of wiping your mound of bills one less, but many auto insurance companies in fact may offer you rebates and discounts for paying upfront. Meanwhile, a lapsed policy usually carries 25 to 50% higher penalty from your auto insurance company. You stand to get a downgraded credit rating, which makes it more expensive for you to get an auto insurance coverage in the future.

Wear “B” or higher as your badge. Making good grades in school? While you may not necessarily want to announce this to anyone, but let your auto insurance company know. Making at least a B or higher qualifies you to lower premiums, as good grades are often seen as correlated to driving responsibility and vice versa.

Keep your driving record clean. Take a driver's education course, take the class, and let your insurance company know about it. Obey traffic laws. And avoid tickets. It can save you hundreds of bucks on your auto insurance premiums. In contrast, figuring in an at-fault accident gets you a 6-year static high premium rates.

Some memberships offer discounts. If you are a member of any clubs or organizations, inquire if it has agreements for discounts with auto insurance companies. Often, auto insurance companies themselves have offers on particular honor societies or clubs,

Piggyback on parents’ auto insurance. If you ride on your parents’ auto insurance policy, they are listed as a "primary" driver, placing them in a higher risk pool. And you, as "secondary" driver get to have the lower-risk category. If this costs your parents significantly more, there is another alternative. You can have a primary driver insurance with the same company that they have a policy with, for your family car, or your home. A multiline discount on the policy is usually given auto insurance companies for his particular case.

Raise your deductibles. Increasing your deductible, say from $250 to $500 for liability insurance can save you several hundreds of bucks in premiums. Also, you can save by lowering the limits of coverage. You may also cut your liability insurance, so long as you carry state-required minimums.

Drive less. Perhaps there are days you can commute to school, or hitch a ride with your parents or classmates. Or perhaps you live near school that walking is an option. Reducin your annual mileage qualifies you for a lesser auto insurance by the time you renew your insurance.

You need to worry more about your studies than about other things. Hope all these tips help you cut down your student auto insurance rates.