Cheap student car insurance
Reader question:
I’m a college student who is about to get his first car. I’ve never had to pay car insurance before because my parents always did it. Do you have any tips for a college student who won’t be making a lot of money to get cheap student car insurance?
Luis
I definitely do, Luis.
One of the great ways for you to get a good price on your cheap student car insurance premium is to think ahead while you’re going shopping for your car. It’s a well known fact that the kind of car you drive affects how much your car insurance premium will be, but what kind of car does someone aiming for cheap student car insurance need?
Since you’re writing to me, I’m going to assume that you’re looking into getting a high performance car. This will send your premium rates up plenty to begin with, but there are certain ways that you can lessen the impact by choosing careful and maximizing your experience.
Get a safe car. High performance cars will always fall on the bottom rung in the safe category, but there is a way to at least be reaching for that next rung up. Get a car that did well on crash tests and has good safety ratings. Avoid convertibles. Also, you might want to check the quote from the car insurance company ahead of time, because companies tend to go by their own records, so while a certain high performance car might not be too dangerous overall, if there are a lot of claims for it with the particular car insurance company you are going with, then you will see higher prices anyway.
Get an older car. You don’t have to get the oldest car on the lot, because that can bring a lot of financial problems with it, too, but you should get a car that is several years old. Newer cars cost more for car insurance premiums, and if you want cheap student car insurance then you should avoid getting the model of the year.
Get a cash car. It’s not always easy to get a cash car that’s safe, so if you have to sacrifice safety then don’t do it. However, if you get a loan to get a car then you will e required to live up to the loan company’s standards by saddling your high performance car with as much insurance as there is. One of the best ways to save on car insurance is to cut your coverage, so if you get a cash car then you are in control of what coverage you have on your car.
Cheers,
Fashun Guadarrama.
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