Auto Insurance Policy and Discounts for Students

​If you're still a student, you have to declare to your insurer that you are a student as your occupation. Although there are not that many specific insurance plans for students, telling your insurer that you are one and where you are studying could lead to some advantages.

No Insurance, No Drive
You can't drive if you are not insured. Anybody can drive with a valid driver's license, but it is a state law to carry insurance, and each state allows auto insurance for its licensed constituents. You're not only risking getting steep penalties if you're not insured, but you're also risking financial disaster if you cause an accident.

Student auto insurance can be costly. The thing about insurance is that after an accident, it does not only cover your expenses, but it provides its providers with discounts.

What Insurers Look Into
Insurance providers base their plans on a series of factors. Here is a list of those factors: 

• Age and Model of your Vehicle
• Driving record
• Driver's Age
• Gender
• Credit score

As a student, you probably don't have your credit card yet, and you're most likely going to drive the family car around before you get your own set of wheels. Commuter and family cars are commonly the most economical for insurance, but your gender and age can also affect your policy.

Your monthly premium is going to be higher if you are a male driver. Male teenage drivers cause more injuries than female drivers, statistically speaking. In 2013, the fatal accident rate for male drivers between the ages of 16 and 19 was two times higher than that of their female counterparts.

Get Discounts as a Student
Young drivers have a more expensive premium because of their lack of experience. But if you're a student with good grades, your insurance company can reward you with a good student discount. They believe that students with good grades are responsible therefore are responsible drivers too.

A more reasonably valued monthly premium can be expected by students who take the time to enroll in a driver's education program. Young motorists show their insurance agent that they are serious about driving, and they will be careful drivers on the road.

Conclusion
Insurers will need to be informed whether you're a student to know what to adjust or change in your policy. Insurance may be expensive, but the risks involved are more solemn than their cost.

At Howe Insurance Brokerage, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (435) 674-8771 or Click Here to request a free quote.