Having a child that is away at college is a very proud time for most parents. It can also be an expensive time, between paying for tuition, housing, and books. While you may not be able to get a discount on the necessary textbooks your child needs, you can save some money on your auto insurance policy while they are away. Keep these options in mind when you child moves into their first dorm room.
- Remove your child from you policy. If your child is going to school more than 100 miles away, most insurance providers will allow you to take them off of your auto policy. Most insurance agencies believe that if your child is going to school less than 100 miles away, there is a higher chance that they will regularly come home and use your vehicle.
- Student away discount. If you want to keep your child on your auto insurance policy, just in case they do come back and need to use your vehicle, you can opt for a student away discount. If your child is going to school at least 100 miles away, but you still want them to be insured, most companies will offer a 15 to 30 percent discount.
- Occasional driver. If you child drives less than 25 percent of the car’s annual mileage, they can be insured as an occasional driver, which can lower your insurance costs.
- Good student discount. If you are planning to keep your child on your auto insurance policy while they are at college, and they have at least a “B” average, you can save up to 25 percent on your auto insurance.
When it comes to finding the best auto insurance policy for you and your college student, contact Access First Insurance. As an independent insurance agency, they can help make sure you get the best auto insurance policy at the right price.
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