What Parents Need to Know About Auto Insurance for College Students

As college students head off to campus, many parents face a common question: what happens to their auto insurance? Whether your student is taking a car to school or leaving it at home, understanding your options can help you save money and maintain proper coverage.

Do College Students Need Auto Insurance?

The following key points can help parents navigate the essentials of auto insurance for their college-bound students:

• Coverage options—If your student is attending college more than 100 miles away and not taking a car, you may qualify for a “student away at school” discount. This can allow you to keep them on your policy at a reduced rate, maintaining coverage when they’re home on breaks.
• Keeping them on your policy—It’s often cheaper to keep your college student on your family policy rather than having them purchase their own. This can help maintain continuous coverage, which helps keep premiums lower in the long run.
• Good student discounts—Many insurers offer discounts for students who maintain a GPA of 3.0 or higher. Be sure to submit transcripts or proof of academic performance to take advantage of this.
• Car location matters—If your student takes a car to school, notify your insurer. Premiums may change based on the school’s location, especially if it’s in a high-traffic or high-theft area.
• Consider usage-based insurance—Some insurers offer telematics programs that track driving habits. If your student drives infrequently or safely, this could lead to additional savings.
• Renters insurance—If your student lives off-campus, their belongings may not be covered under your homeowners policy. Consider a separate renters insurance policy for added protection.

Navigating auto insurance for college students can be complex, but with the right information, parents can make smart, cost-effective decisions. Always consult your insurance provider to explore the best options for your family’s needs.

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For insurance guidance near you, contact ABC Insurance Services.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.