what is car insurance for college students away from home?
Away from home college student auto insurance is when a parent chooses to leave a child on their policy, even if he or she lives on campus.
You may need to reevaluate your auto insurance needs and policy if you have a child attending college away from home. Insurance rates are typically higher when a policy includes a driver under the age of 25. Most insurance companies consider drivers between the ages of 16 and 25 to be high risk. If you’re currently paying for a teen driver who’s away from home, it might be time to reconsider your needs.
This doesn’t necessarily mean you should remove your college child from your policy. however, you may need to assess how often they drive and whether it makes sense for them to purchase their own policy.
when to remove a college student from your policy
valuepenguin recommends some situations in which you might consider removing your college child from your policy:
- if your child attends college more than 100 miles from home
- if your child will not be bringing a vehicle to college
- They live at home but commute to college.
- come home frequently or attend a college less than 100 miles from home.
- have a vehicle with them while they are at the university.
- you pay your bills.
- qualifies you for certain discounts: a college student with good grades could earn the family a nice student discount.
- Additional coverage when on campus: If your child is injured in an accident while another driver is driving, your insurance may provide additional coverage.
- continuous insurance: By keeping your child on your policy, even after they’ve gone off to college, you receive uninterrupted coverage that could lead to benefits later.
- You may have the option to leave them with an occasional driver: Some insurance providers allow you to list your child as a temporary driver, instead of paying for them full time.
- good student discount: demonstrating a history of good grades could qualify the family for a good student discount.
- Safe Driver Discount: Insureds with minimum claims may also qualify for safe driver discounts.
- Driving to school discount: Some insurance providers offer discounts to college students who only drive to and from school.
- Prepayment discount: Paying your policy in full can also earn you discounts with some insurance providers.
- Anti-Theft/Security Equipment Discount: Vehicles equipped with certain anti-theft or security equipment may also qualify for discounts.
- data tracking discount: Using a telematics device can track a driver’s habits. drivers who drive safely can get discounts on their insurance policies.
In some cases, you may be able to get your college student back on your policy if they return home for long breaks or after graduation. If you decide to take your child off your policy, it is important to consider what this means and how they will move around campus. if they are no longer on your insurance policy, they should avoid driving a friend’s vehicle.
when to keep a college student on your policy
Situations where you would keep your college-age child on your policy include:
Some parents may also choose to keep their child on their policy to protect them in case of an emergency. Even if they don’t drive often, keeping them on your policy can protect them if they need to drive for medical care. Plus, many parents help their college kids with bills. if you are responsible for your bills, then it might make sense to keep them on your insurance policy.
Even if your child doesn’t plan on driving while on campus, keeping it on your policy ensures they have insurance when they drive home, drive a friend’s or roommate’s vehicle, need to drive in an emergency, or are injured in an accident. accident by another driver. If your son is still on your policy, she may have additional coverage, even if he is injured while riding in a car with a friend.
advantages of leaving your university student on your policy
The advantages of leaving your college child on your insurance policy include:
The amount you pay, as well as the discounts you qualify for, will vary depending on your provider. It’s always a good idea to find out how much her premium could go down or up if she retires her child. insure.com notes that young drivers may need ongoing insurance coverage to find an affordable insurance policy once they graduate.
how to get the most affordable insurance rates for college students
While having a college student on your policy might increase your rates due to their age, it might also qualify them for certain discounts:
Some insurance providers offer discounts to college students who live on campus and do not currently have a vehicle. Because they spend less time on the road, they are considered lower risk by the insurer.
It’s always a good idea to update your insurance provider when your child leaves for college, even if you plan to keep them on your policy. The business may request your new address, but you must list your home address as your primary residence. Since insurance companies require you to assign a driver to each vehicle when you include multiple people on one policy, they may allow you to assign your child to the cheapest driver to get the best rates.
Always evaluate your insurance needs when a child leaves for college to make sure they stay protected. Check this out if you need additional information, resources, or guidance on auto insurance.
See also: Hazard Insurance | Bankrate