Cheapest Auto Insurance For College Students
If you're a college student, you're likely on a strict budget. You already have to pay for tuition, room and board, text books, and more. But if you're driving, you also need to have car insurance. Auto insurance for college students is usually in the back of your mind.
Nobody thinks about shopping for car insurance. In fact, most college student students simply opt for the same insurance their parents have... even if it's not the cheapest.
But the simple fact is, auto insurance for college students can make up a huge part of your limited budget. And auto insurance rates change all the time. The "good deal" you got as a college freshman might be a bad deal today.
That's why it's essential that you shop around and look for the best auto insurance rates. We've made it simple by putting together this simple comparison tool.
Compare Auto Insurance For College Students
Is Switching Car Insurance Worth It?
Most of the time, changing your car insurance company for the company with the lowest rate is definitely worth it. Unlike banks or credit cards, changing your car insurance is easy. You can do it in about 10 minutes online, and your new policy is active. Then, you just need to cancel your old car insurance policy.
Another thing that can make switching car insurance worth it is combining it with renters insurance. College students need renters insurance. If you get a car insurance and renters insurance policy at the same company, your renters insurance can be free (or you can view it as a significant discount on your car insurance).
How Much Car Insurance Do You Need?
This is a tough question and it can vary from person to person. To complicate matters, some states require a base-line level of insurance for any policy (don't worry, the companies in the list above will all comply with local insurance laws so you don't have to worry about it).
If you're looking to get the cheapest policy possible, you can buy an insurance policy that is only liability. This means it only covers you for injuries and damages you cause to others, but it won't help pay for damage to your car. Typically, most experts recommend having at least $50,000 per person in liability coverage.
You can then add in collision or comprehensive coverage. Collision coverage will cover your vehicle for damages suffered in a collision. Comprehensive adds even more coverage, such as if your vehicle is stolen. Given that this insurance will cover more, it will also make it more expensive.