Ways for studying students to save money on their auto insurance premiums.
Students have a lot to think about. After the expenses of tuition and textbooks, there is little money left for auto insurance. However, if students are going to be driving during their time in education, it’s well worth knowing how to save money without sacrificing coverage. Here are a few simple tips to know.
- Increase your deductible
The deductible is the amount of money that you’d have to pay in the event of a claim. When you raise your deductible, you take on more financial responsibility for a claim, and the insurers lower your auto insurance premium. Remember to keep an affordable deductible as this will be an immediate out-of-pocket cost if an accident happens.
- Maintain good grades
Many insurers now reward hard-working students by offering them a discount on their auto insurance premiums if they maintain good grades. This is because research has found that those with good grades are less likely to be involved in a car accident. Talk to your insurer about the eligibility requirements.
- Consider the car
If you’re in the market for a new vehicle, think twice before purchasing a brand new sports car. The type of vehicle you purchase is directly correlated to the cost of your insurance premiums. Opt for a safe vehicle with high safety ratings instead of a high-end sports vehicle.
Are you ready to find affordable coverage for your needs? Contact the team at McCarty Insurance to get started on your tailored auto insurance coverage.