Finding the cheapest student car insurance requires some time and effort, like online research, comparing quotes and above all, good driving history. Student car insurance is the type of auto insurance that has been specially designed for student drivers. This kind of insurance takes into consideration the specific needs of students who are looking to buy an auto insurance policy, and covers the risk factors that are usually associated with student drivers.
Even though students can manage to buy themselves cars that are relatively less expensive, student car insurance is costly and is something that students are often heard complaining about. In their defense, insurance service providers say that student drivers have less or practically no experience as drivers, are far more aggressive on the road and therefore susceptible to getting involved in road mishaps than older and more experienced drivers. They also argue that students drive for longer periods of time at a stretch and even otherwise spend more time driving than older drivers — both situations heighten the possibilities of accidents.
Coming to the types of student car insurance, there are two options that one can look at — collision insurance and comprehensive insurance. Collision insurance only protects against damage caused by major accidents; bodily injuries to the driver are not covered. This type of coverage includes major repair work, guarantee on company manufactured parts and subsequent car services. Collision insurance comes with its own pros and cons. On the plus side it is cheaper, but the scope is pretty limited.
The general notion is that a student looking to buy cheap car insurance should go in for low cost comprehensive car insurance. With this, a student can avail of both collision insurance benefits as well as medical cover.
The premium on student car insurance is determined by several factors. Generally, by virtue of being a woman, female students are offered lower premium rates than their male counterparts. Secondly, a good driving record helps a lot in keeping the premium rates low. If it is possible to increase the amount of deductible, it will help bring down the premium. It helps too is there are security features installed in the car, as it brings decreases theft risks and consequently lowers the premium amount. Whether the student resides in a safe or unsafe area also plays a role in determining the premium. Attending classes regularly and doing well in school also helps in getting lower premium, since many companies offer discounts to good students, and it will be easy to select the cheapest student car insurance from any of these companies.