Car Insurance Savings And The College-bound Child

By: Scott Lunt
Submitted: 2007-01-17 16:15:25
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The big day has come and your child is ready to start college. If you're like most parents, it's been quite a challenge to get tuition, books, room and board and more paid for. However, if you haven’t reviewed your car insurance, you could be paying more than you have to.

Life event changes are one of the factors that can affect how much you pay for auto insurance. And going off to college is one of those life events. Review your policy and ask these questions:

  1. Will your child be driving more, or less, than when they lived at home?
  2. Is the college located in an area where there might be a greater risk of damage or theft to the car?
  3. Are there alternate forms of transportation your child can use so they don’t need the car at college?
  4. Is your child listed as a primary driver on any vehicle?

You could save money on your car insurance by listing your child as an occasional driver -- instead of primary driver -- on the car they normally drive. It's also a good idea to list them as the driver on your least expensive car. Of course, if your child can get along at college without having a car you could save even more.

Once you and your child have a plan, contact your insurance agent or insurance company. Explain the situation and ask them to work with you to get the right insurance for your new situation.

Scott Lunt is a freelance writer with over 15 years experience writing insurance-related articles. You can find more tips on saving on car, home, life, health and long-term care insurance at LowerYourInsurance.com

Article source: Expert Articles

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