College is a time for freedom, independence, and learning to handle what life throws at you all on your own (or at least with less initial help). Being away from home is a new and exciting time, but you also want to ensure that you have prepared in the event of any problems or challenges, one of which can be car trouble.
It’s no secret that cars are expensive, but in many cases they are a necessity. The majority of cities in the US are impossible to get around without a car.
However, between the car itself and fuel, a multitude of payments can start to add up. So why should a college student tack on one more monthly payment?
Saves Money in the Long Run
It’s no secret that insurance companies make money off their customers. The debate between whether it’s worth it to purchase airline or shipping insurance can be discussed in circles. However, those who have lived a little know the value of insurance during times of crisis.
Car damage can be incredibly expensive to fix and replace, and most college students simply don’t have the funds to do so. With insurance, you can sometimes get your damage taken care of in full, even if you were the driver at fault in the accident.
And while some insurance companies can overcharge, you may surprise yourself at how easy it can be to get an affordable car insurance at 20. By researching and comparing premiums and monthly rates, there are plenty to choose from.
Due to the high demand of insurance, companies now have to be more competitive and offer you the best deal they can. Insurance is an investment in the long run so think ahead, prepare for the worst, and save yourself money that you can spend on other college necessities instead.
High Risk
So they say, the younger the driver, the higher the risks that are involved. And even if you are an older college student, you’re still considered a fairly young and inexperienced driver to most.
Because of this, your monthly insurance payments may be slightly more than you’re expecting at first. However, there is a simple explanation for this.
Because of their lesser experience behind the wheel, statistically young drivers are involved in more frequent accidents. College students in particular may find themselves in more fender benders than before, due to the amount they are now driving in comparison to when they lived at home. In addition to this, there are other factors to consider.
College students who live somewhat close to home may be making long drives on highways for holidays and family gatherings. During such a high traffic time, accidents are more likely to occur. There is also the issue of college aged drinking.
Even if you yourself are not drinking and driving (and you never should be), by driving in a college town you are more likely to be exposed to those who are. By being insured, you are not only protecting your funds and your car, but your legal rights and even your health.
How To File and Claim Your E-bike InsuranceComply with Law
Depending on the state you live in, there is a minimum auto liability coverage limit that you are legally obligated to fulfill. In the event that you are pulled over, the police officer will ask to see your insurance card, as well as your license and registration. Failure to provide this can potentially result in a ticket, a fee, or even a court summons.
It is absolutely essential that you provide the bare minimum of coverage your state requires in order to avoid such a needless fee. Check the guidelines of your specific state to make sure you meet the requirements.
While some are quite lax, others may require you to purchase additional coverage such as personal injury protection or uninsured motorist coverage.
