Car Insurance Shopping Tips For Students

Car Insurance for Students

Car Insurance can be very expensive for students especially the ones under the age of 21.  Below are some of the tips for students to get low car insurance rates.

Shop Around

Car Insurance  prices vary from company to company. Students should get at least three price quotes by shopping online or calling  local insurance agents. You buy insurance to protect you financially and provide peace of mind. It's important to pick a company that is financially stable. Check the financial health of insurance companies with rating companies such as A.M. Best  and Standard & Poor’s and consult consumer magazines. AIG is one such company which is financially sound and allows students to shop online for a car insurance policy.     Ideally you should look for the following benefits from a  car insurance policy:

• Student Discounts - If you are a student with an average GPA of 3.0 or higher you may qualify for a car insurance discount.
• Driver's Education Discounts - If you are a student who took driver's education classes you may qualify for a lower premiums.
• Sharing Policy With Parents - See if having a parent's name on your policy will reduce your premium
• Vehicle Type - Certain makes and models may qualify for lower premiums on your car insurance policy.
• Low Mileage Discount - If you live closer to the campus or on campus and need a car only to get around the town or visit parents you may qualify for a low mileage discount.
• Good Driving Record - Good driving record will definitely keep your premiums lower.
• Good Credit - Good Credit record may also reduce your insurance premiums.
• Group Discounts - If you or your parents are members of any groups or associations, including your University Student Body you may qualify for a group discount.