Cheap Student Car Insurance

Cheap student car insurance, is there such a thing? A typical student will shell out from $3,700 to $14,240 a year, depending on the car, driving record, age, gender, city and state where the vehicle is driven.

A typical college student living near a big city, such as Los Angeles, Dallas, or Chicago, who drives a sporty car such as a Corvette convertible and has a DUI (Driving Under the Influence of drugs or alcohol) or DWI (Driving While Intoxicated), will get flagged as a high insurance risk. Add in a speeding ticket or three, and you're looking at paying the highest insurance rates possible. We are talking tens of thousands of dollars per year.

Auto insurance companies offer all sorts of discounts, including several student discounts. The problem is most of them don’t even bother to tell you what those decreases are so it’s up to you to spend the effort necessary. For example, let’s say you are insuring four vehicles. Many firms provide a minimum of 10% for multiple vehicles and will usually be significantly larger, but often the agents forget to relinquish this handy bit of info on to you.

Because of the high cost, should students just skip the car insurance? The hefty price tag for insuring their ride temps some students to go without insurance. If you decide to hit the road as an uninsured motorist and wind up in an accident, you could easily turn a financial hardship into a complete financial wreck.

Plus, you're likely to be on a collision course with the authorities, running the risk of significant jail time, having your license be revoked for years, in addition to playing an auto insurance version of Russian Roulette on your financial future. Did you know that one small accident as an uninsured motorist could totally wreck your credit rating for 10 years as well? This places a black mark on your reputation, as well as potentially jeopardizing your career, since employers perform extensive background checks, which includes running a credit report, on new hires.

When you are doing your car insurance shopping it’s critical that you compare oranges to oranges. Don't compare temporary car insurance to New York City auto insurance. It doesn’t do you any good if one quote is really low but their insurance coverage is poor in relation to their competitors. In fact, before you finalize the deal or pay any money it is important to take the time to read thoroughly the policy and all the minute details. If you follow these procedures you can't help but find cheap student car insurance.

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