What You Need to Know About Student Car Insurance

ByAnnie M Lacsina

If you are starting your first year in college, going without car insurance is not an option. It is not something that you should think twice about because uninsured drivers who get involved in accidents can be fined, lose their licenses, get a bad hit on their credit scores and worse, imprisoned. You wouldn't want to compromise on a bright future by driving around without getting insured first.

Student car insurance protects a car in case of any accident or mishaps. When a student avails of insurance, the company agrees to cover the compensation for any loss or damages that may happen. While many people think that it is a waste of money, it actually is a good investment. For example, instead of having to buy a new car in case of an accident, the insurance will replace it depending on the terms that the policy comes with. Also, a student car insurance has a so-called "maturity date", which is a certain time when the car does not actually incur any damages. When you reach the maturity date, a portion of the money that you paid for the insurance will be returned to you.

Understanding the Price
In many states in the U.S., no one under the age of 18 can drive without any form of auto insurance. If you are caught without it, you will have your license suspended until you are 21. That being said, it is very important for you to avail of student insurance. The problem is that most insurance companies charge the highest premiums on student car insurance policies, especially to those under 18 years old. In fact, students under 18 are charged with the highest premiums of all.

Teenagers often do not have real driving experience and are more prone to accidents compared to older adults. Aside from this, teenagers are often careless and distract themselves with their cell phones, talking to friends in the car or driving very fast to show off. A very high percentage of car-related accidents often involve teenagers and students under the age of 25. Logically, student car insurance premiums remain high until a person reaches the age of 25 or 26. However, there are several factors that insurance companies take into consideration when it comes to the car premium. These include criminal records, school grades, car specification and traffic violations.

Some insurance companies are less strict than other companies and are willing to offer discounts to students with high grades or with very good records. These companies believe that an excellent school record shows a sense of responsibility, and therefore a better discipline when it comes to driving. However, this discount may be revoked if the person granted with it is issued a speeding ticket. In addition, the insurance company will ask the person to pay for the full premium price of the insurance policy. Therefore, if you are given a discount by an insurance company, you should take care of it and keep a good driving record until you graduate.

Get more information on how to get the best student car insurance at http://www.seewaa.com.

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Insurance: Car-Auto
Annie M Lacsina

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Lacsina, Annie M.".".29 Feb. 2012EzineArticles.com.2 Mar. 2012 .APA Style Citation:
Lacsina, A. M. (2012, February 29). . Retrieved March 2, 2012, from http://ezinearticles.com/?What-­You-­Need-­to-­Know-­About-­Student-­Car-­Insurance&id=6911779Chicago Style Citation:
Lacsina, Annie M. "." EzineArticles.com. http://ezinearticles.com/?What-­You-­Need-­to-­Know-­About-­Student-­Car-­Insurance&id=6911779EzineArticles.com© 2012 EzineArticles.com
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