Cheap Car Insurance For Students

Find The Right Car Insurance Policy At The Right Price - Here's How:

Finding cheap car insurance rates for student drivers is easier than most people think. If you're willing to spend a little bit of quality time shopping through various policies and speaking with car insurance agents, finding affordable student car insurance is a breeze.

As a former (broke!) student myself, I know how important saving money is. Fortunately, I learned how to find the best deals on just about everything, without sacrificing quality along the way. The following is the process I would use when shopping for car insurance as a student, and it's the same advice I give to my younger friends who are in the position I once was.

(Note: I am not an insurance agent nor am I affiliated with any... so you can rest easy!)

Learn Car Insurance Terminology. Spend an hour or two researching the lingo of the business. Doing so will help you better understand what you're getting into. Besides, when you're wheeling and dealing with an agent, you don't want to feel "out of your league." Besides, how can you compare "apples to apples" if you're not sure what any of those big corporate words mean? Here are just a few terms that you should be very familiar with:

  • Deductible
  • Co-Pay
  • Liability
  • Personal Injury Liability
  • Service Network

Don't Be Afraid Of Car Insurance Agents. True, most of them are usually commission-hungry sales sharks willing to say and do anything to get you to sign the bottom line - but if you understand this going in, you'll be much better off in the long run. Just remember this very important fact: There's no reason to sign up that very second! Tell him or her upfront that you are merely shopping, and you're not interested in any policy offered through a pushy salesman. They should understand. If they don't, move on - don't let yourself get talked into anything.

That said, Talking To Insurance Agents One-On-One Usually Leads To Better Insurance Rates. Not to knock any of the fancy online companies, but speaking with a real human being almost always results in better policies than filling out an online form. You'd be surprised at how flexible an agent will become if he or she feels a new client slipping away, so learn how to negotiate (practice with your friends or family if you're unseasoned).

Keep Your Grades Up. Almost every car insurance company offers some kind of discount for good grades. I don't pretend to know the rational behind this, but it's my guess they think if a person is responsible enough to do well in school, he or she is likely equally responsible behind the wheel of a car. So if you're already making pretty good grades: Congratulations! You might just find an insurance discount waiting for you. On the other hand, if you're looking for the motivation to turn those low marks into an honor roll report card, this is it!

Drive Safe. While I'm sure this one goes without saying, your driving record plays a very big role in the price you'll pay for car insurance. This is especially true for students, who are already fighting the "too young to drive safely" stereotype anyway. So, in the interested of a lower monthly car insurance bill, remind yourself to drive safe and defensive. Be sure to pay attention to every detail, because you never know what might lead to a traffic ticket. The one time you roll through a stop sign without fully stopping or let your speed creep past the posted speed limit might lead to a traffic stop, and ultimately, a traffic ticket. So drive safely, stay alert for accident conditions and heed the rules of the road.

Consider Liability-Only Car Insurance. While a full coverage policy is nice, it's possible that your car isn't worth it. You'd be surprised at how often college and high school students will pay top dollar for premium car insurance on vehicles that aren't worth more than a couple hundred dollars. I'd strongly suggest that you rethink that low-deductible, high-cost policy you've got for your $350 pickup truck!

Speaking of that old jalopy:

Resist The Temptation To Own An Expensive Car. The more expensive your ride, the more it will cost to insure it - at least as a general rule. While a shinny new sports car might make you the envy of your class, it will probably also make you the breadwinner for your insurance agent. Because expensive cars cost more to repair, any insurance agency will charge more in premiums to offset any costs they may incur. If you can learn to "be cool" in a lower-priced vehicle, you'll probably feel the savings in your car insurance rates.

That said...

Drive The Safest Car You Can Afford. The biggest expense that insurance companies face after a car wreck is medical bills. So it makes sense that if you drive a safe car, you can find some pretty good discounts - after all, if you can reduce the likelihood of a big settlement, you can also reduce the likelihood of higher rates. Look for cars that score high on standardized crash tests, air bags and good seat belts.

Be Wary Of Discount Car Insurance Companies. I'm not saying that all discount car insurers are shady, but there is something to be said for going with a large company with a solid reputation. Car insurance companies like State Farm, Allstate, Geico and Progressive have been around for a very long time and have built up huge client bases - they aren't going to scuttle out of business when you need them most.

In Conclusion

If you're willing to put in a little effort on your part, you'll be amazed at the low prices you can find. While finding the best deal might take more than an hour or two of your time, the savings will be well worth it in the long run. So don't be afraid to roll your sleeves up and get to work. Doing so will be your ultimate method for finding very cheap student car insurance.