How To Reduce Your Student Car Insurance Rates

We all want to try and save money wherever we can, especially with the way the economy is right now. If you are a student you are probably scraping for cash all the time. Luckily, there are ways for students to get a reduced rate and lower their car insurance. Lowering your rates can help you save money for school, and help take the pressure off you. The car insurance industry will help you out, but they do not make it very easy.

Students are often seen as “high risk” and therefore usually have high insurance rates. The insurance industry regards students as fairly new drivers, and considers them inexperienced, hence the “high risk.” On top of that students are the most likely drivers to get into accidents. The insurance companies have compiled years of data that shows students are generally careless drivers. This is not a good thing if you’re looking to lower your car insurance rates. Despite all of this there is still hope!

One thing you can do is raise your deductible. This is a common practice to quickly lower your monthly rates. Raising your deductible means you will have to pay more if you are in an accident. However, in the long run you generally save a ton of money. If you are a good driver and don’t get into any crashes then odds are this one little trick will save you a bunch of money.

If you are a student who gets good grades you can prove you are a reliable person to the car insurance companies. Believe it or not getting good grades can help you save money on your car insurance!

Another thing you can do as a student is put yourself on your parents insurance. This will lower your monthly rates by a few percent. Again, in the long run this can end up saving you hundreds or even thousands of dollars.

As a student you want to save money. If you get good grades, raise your deductible and put yourself on your parent’s insurance plan you can end up cutting a large percent off your monthly insurance bill. If you’re still not saving money then perhaps you should consider choosing a different insurance company. Enter your zip code into the box on the top right of this page to get an car insurance quote today.