Insurance Car For Student

Car insurance is required for every driver, no matter their age. Certain groups of people are considered safer drivers and consequently are charged less for insurance. Unfortunately, students do not fall into this group. College students and people under the age of 25 typically are charged quite a bit for insurance. This is because the insurance companies perceive see younger drivers as more high-risk. They get in more accidents, cause more monetary, physical and bodily damage and deaths. Therefore, they are charged higher premiums.

The average college student will have to pay somewhere in the neighborhood of $1500 to $4500 a year just for car insurance. Male college students will be forced to pay on the high end of this range. Many college students who are struggling just make their monthly car payments may be tempted to either skimp on insurance or not purchase it at all. This is illegal and is a crapshoot. If that student were to get into any type of wreck (no matter how minor), or if anyone gets hurt while they are driving, they could be in a world of trouble, fast. They may have their license taken away and suspended. They could also end up in jail or sued for the costs of medical treatments. Therefore, it is very important for students to get car insurance even if they are short on cash.

While college students have been found to be the group of drivers that pose the highest risk, there are things that students can do to get their insurance rates reduced. These include making sure that they have good grades. Larger insurance companies will offer some sort of discount for students that have a grade-point average of 3.0 or higher. If they make the Dean's list or honor roll, then they can also qualify for lower interest rates. Girls are charged less then boys because males are seen as riskier drivers.

Students going to school in a rural area are charged less then students whose schools are in larger cities. Living close to one's job or school can also be a benefit. Students should carefully re-consider buying a sports car. Sports cars are more expensive to insure as are convertibles. Bigger and newer cars are less expensive. Good credit can also lower insurance costs.