Everyone knows the younger you are the higher the car insurance rates are going to be. The reason for this is because drivers under the age of 25 have a higher rate of accidents and account for 30% of all DUI accidents that cause fatalities. But this does not mean you can’t find discounts and affordable car insurance for students.
While those rates do start high for anyone under 25, it doesn’t have to stay that way. In fact, car insurance for students actually varies greatly. For college students it can actually be found quite low if you take the time to shop around. And for high school students, a few good report cards can quickly drop that rate as well.
There are several determinants for the price you are going to pay starting with your age. Not only is it people under the age of 25 that are automatically placed in a high risk category, but young men as well. If you have a policy of your own rather than being on your parents expect to pay more.
What you drive has a lot to do with the price of insurance as well. Companies are going to increase the price for trendier cars while older vehicles get a lower premium because they cost less. Believe it or not, living in an urban area raises the rate as well because of the increased chance of your car being burglarized.
With all that said, how can you get car insurance for students on the cheap? The easiest way to do so is simply maintaining a good driving record. Believe it or not, even one speeding ticket at this age can make a huge difference in your insurance rates. The first offense alone can cost anywhere between $175 to $350 along with an annual surcharge of $250 to keep your license.
Being that you are a student, maintaining good grades can help. Grades are reflection of how responsible you are. If you can maintain a B average or make the honor roll, providing a copy of your grades to the insurance company can make you eligible for a good student discount.
Another way to get cheap car insurance for students is to go for the low mileage discount. This is particularly relevant to those who live within walking distance to their school and can forgo taking the car out every day.
Lastly, think about taking some driver training programs or a defensive driver course. These show your willingness to learn and become a better drive and that kind of initiative is deserving of a discount of some form.