Car Insurance For College Students

As your child leaves for college, many thoughts may run through your head. One of the last thoughts is probably about your auto insurance, but it is a necessary thought. Many colleges do not allow freshmen to have cars on campus, yet over two thirds of the rest of the students have cars. So what are some of your options regarding your auto insurance coverage on your child’s car?

The first option, which may make you a little less popular with your child, is to leave the car at home. Discuss this option with your broker or agent, as you could be eligible for a discounted rate if the title of the car is in your child’s name, no one will be driving it, and your child will be more than 100 miles away from home.

Now, there are some reasons to allow your child to bring the car to school, including a job, living off campus, and even just the pouting face of your college student. If you should allow your child to take his or her car to college, then you should first notify your auto insurance company that the car will be housed in another location. Be prepared, though, for a change in your premium, as it can increase or decrease depending on your auto insurance company.