feature
student insurance
cheap
insurance
A
ge is only one of the factors used in calculating your
insurance rates, but for young
drivers, it’s by far the biggest
impediment to cheap student car insurance. Young drivers have many times more
accidents, and they are by nature more
impetuous and immature. Cheap student car
insurance comes only when young drivers
can prove they pose less risk to insurers.
That’s where good student discounts and
monitoring programs come into play.
While not every car insurance company
offers a student discount or a usage-based
program, a good many do. Their rules differ
a little, but below are some guidelines as to
what makes a student a “good student” and
28
Is it possible to find
affordable coverage with
a student on your policy?
CHEAP
insurance comes
when young
drivers prove
they pose
less risk.
discount opportunities.
And while price is important, you may
find that the very cheapest policies don’t
cover what you assumed they would. Read
the fine print.
www.potentialmagazine.com
How much can usagebased insurance save
me? A lot. Usage-based programs reward
very careful drivers with discounts up to
50 percent. A monitoring device is placed
in your car and transmits data back to the
insurance company. The biggest discounts go
to very cautious drivers.
Cautious means you don’t drive a lot, or
very fast. You don’t drive in the wee hours,
and you don’t brake
aggressively. This is also a good option for
the experienced drivers in your family to
help reduce the overall family auto policy.