Student Car Insurance, Student Auto Insurance

Student car insurance refers to auto insurance that is especially tailored for student drivers. It takes into consideration the needs of students while buying an auto insurance policy and covers the risk factors associated with student drivers.

Although students generally buy a cheap car, student car insurance is relatively expensive. Insurance companies justify this by claiming that students are less-experienced drivers, more aggressive and are far more prone to accidents than older adults. Also, they often remain on the road for more hours, and hence are more prone to road accidents or any other type of mishap.

There are two types of student car insurance – collision insurance and comprehensive insurance. Collision insurance provides cover against damage caused by major accidents, but it does not cover bodily injuries to the driver. It includes major repair work, guarantee on company manufactured parts and subsequent car services. Such a student car insurance policy is cheaper but has limited scope. It is always better to search for low cost comprehensive car insurance. Such a policy should cover collision insurance benefits as well as medical cover for the policyholder.

Factors Determining Student Car Insurance Premium

Several factors come into play while determining the premium for student car insurance. Usually, female students attract lower premium rates than male drivers. Male drivers, particularly young students, are infamous for rash driving and hence more prone to accidents. Secondly, the driving record of an individual greatly influences the policy premium. Following the traffic rules and maintaining a good driving history helps to lower the premium rates.

Increasing the amount of deductibles also brings down the premium. With higher deductibles, the policyholder faces greater risk in the event of a misfortune. The availability of security features in a car decreases the risk of theft and thereby brings down the premium. The geographic area in which a student drives also plays a part in determining the premium.

Most insurance companies also offer some discounts on the basis of a student’s class performance. Getting a B grade will definitely earn a good discount on the policy premium.

How to Buy a Cheap Student Car Insurance

Although most insurance companies charge a higher premium for student car insurance, it is always beneficial to shop around for cheaper rates. One can always compare online quotes for student auto insurance from several companies. Spending some time in looking through various student car insurance policies helps ensure than one finds a profitable deal.