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Cheap Student Car Insurance

Do you need cheap student car insurance? Whether it is the latest model of a sports utility vehicle or a simple old car, if you intend to own or drive any vehicle, as a student you must carry a car insurance policy that meets the prescribed minimum limits of liability coverage. In addition to the minimum liability coverage, you can also insure yourself as well as property.

However, remember that the more car insurance you want, the more it will cost and as a student money may be your most important concern. Therefore you should look for car insurance that comes at a cheaper rate for students.

To understand the process of getting the cheapest student auto insurance rates, let us first understand the minimum risk coverage prescribed by the state. Subsequently the factors, that are considered to evaluate risk, will be discussed.

You can start you search for cheap student auto insurance right now by using our free student car insurance quote finder!

Minimum Liability Coverage

For Student Car Insurance

Each state has today prescribed a minimum limit of liability coverage that all owners/drivers of vehicles within that state must carry. The minimum limit of liability coverage has two parts. First is the bodily injury liability and second is the property damage liability. For example, see the minimum limits of liability coverage required in California.

Mandatory Minimum Limits of Liability Insurance as per the California Department of Insurance are as follows:

Bodily Injury Liability

  • $15,000 for death or injury of any one person, any one accident.
  • $30,000 for all persons in any one accident.

Property Damage Liability

  • $5,000 for any one accident.

In the above case, the liability coverage may be defined as 15/30/5. In this case, the limits of liability coverages are:

  • Maximum upto $ 15,000 for injury to one person in one accident
  • Maximum upto $ 30,000 for more than one person in one accident, and,
  • Maximum upto $ 5, 000 for property damages.

Additional Student Car Insurance Coverage

However, the liability coverage does not cover any injury or property damage caused to you. Also, courts are increasing holding the person at fault in any accident, liable to pay compensation which may be much higher than minimum limits. Courts may also hold you liable to pay the cost towards injury to the victim and auto repair.

Now, with increasing costs of medical and healthcare services and repair of vehicles, payment towards these may also become to expensive for you to pay from your own pocket. Therefore, it is now advised to students that they should purchase additional coverage to protect against any such adverse situation. However, additional coverage is not required by the law. The most important and popular additional coverage are collision insurance and comprehensive insurance.

Collision means physical damage and therefore collision coverage covers the cost towards repairing one’s car when it hits another vehicle, crashes into something or turns over. This coverage is paid regardless of the person at fault in the accident.

On the other hand, comprehensive coverage pays for losses caused by any other reason except collision such as theft, fire, vandalism, hail, falling objects or hitting an animal.

Procedures For Obtaining Cheap

Student Car Insurance

  • Calculate your specific needs
  • Get multiple quotes
  • Compare all quotes on different parameters.
  • Analyze various terms & conditions.
  • Ask for discounts
  • Purchase policy

Different Parameters For Comparison Of

Multiple Student Car Insurance Quotes

The following are the factors that you should use in order to compare different quotes. Remember that your premium is based on these factors.

Factors That Affects Final Cost of Auto Insurance Online:

  • Age, Gender & Marital Status
  • Driving Record,
  • Annual Mileage
  • Distance of Office from home.
  • No. of Accidents
  • No. of Moving Violations
  • Model & Type of Vehicle
  • Average Mileage
  • Deductibles
  • Discounts
  • Surcharges
  • Liability Coverage
  • Uninsured Coverage
  • PIP Coverage
  • Collision Coverage
  • Comprehensive Coverage

Most Common Student Car Insurance Discounts

  • Clean Driving Record
  • No Accidents in 3 Years
  • No Moving Violations in 3 Years
  • Driver Training Courses
  • Defensive Driving Courses
  • Anti-Theft Devices
  • Low Annual Mileage
  • Air Bags
  • Anti-Lock Brakes
  • Daytime Running Lights
  • Student Drivers with Good Grades
  • College Students away from Home
  • Long-Time Customer

Two Important Issues In Comparison Of Quotes

After getting your cheap student car insurance quotes from multiple insurance providers, when you compare these quotes, consider two important points that are the key to the successful outcome of comparison.

The Cheapest Quote: While comparing quotes, you may find a quote cheaper than many other quotes. However, you must understand that reduction of cost by reducing coverage of risk is no solution. Therefore, there may be few a quotes which are cheaper only because they don’t cover all the required risks.

Factors for Comparison: Most of the people make the mistake of comparing quotes only on the basis of price. In this case, one may also choose a cheap quote as mentioned above and would find himself in a critical situation in case any accident occurs. In fact, such cheap quotes would be much costly later on because they do not cover all risks. Therefore, while considering the parameters for comparison, don’t compare only on the basis of price but also include parameters such as risk coverage, history of claim settlement by the insurer, process of claim settlement, financial position of the insurer, rating by different rating agencies etc.

Purchasing Cheap Student Car Insurance

If you are a student and want to purchase cheap student auto insurance, make yourself familiar with the various process and types of car insurance. Find out the factors that can help you reduce the cost and ask for discounts.

Find the affordable student car insurance policy you need today by using our free cheap student car insurance quote finder.

Get started now!

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