As anyone who is a young driver knows, insurance can cost a sizeable sum of money. For those students who want to lower the costs of running their first car, here are some tips that might help.
- Obtaining consistently good grades
- Driving with due care and attention
- Carpool wherever possible and keep your own mileage low
- Taking a road traffic safety course
Insurers look favorably on students who do well in school and view them as being more likely to drive responsibly when on the road. If you wish to qualify for a student discount on your auto insurance policy, you must meet the certain criteria:
- You will constantly maintain a GPA of 3.0 or higher
- You will have a B average or better
- You will have made the Dean’s List from the previous semester
- You may be In the top 20 percentile of the class
You may still be a responsible driver even if you don’t fit into any of the required categories. However, without falling into any of the necessary criteria, your auto insurance company will not entertain a discounted policy until you have been driving long enough to establish a responsible driving record.
Maintaining a good credit history can also help toward lowering your auto insurance. Obviously, this will only happen over time but eventually, your premiums will be reduced as you begin to validate your responsibilities as a driver and citizen.
Always consider the type of vehicle you are using as well. Buying a sporty number will not win you any favors at the insurance company. Choose a mid size, economical and sensible first car just to get you over the first hurdle of being a young driver. Once you have some experience under your belt, you can begin to look at other options.