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Student Car Insurance

Insurance rates for 16-24 year-olds are high. That is the simple truth. Due to the high rates of accidents in this age range, insurance companies must charge higher premiums. However, like always, insurance companies are eager to hand out discounts to good customers. There are also a number of ways one can lower student auto insurance rates even more with proper planning.

An insurance company wants to know one thing from a customer; that the customer is cautious, not one who will bring forth claim after claim. For student auto insurance, there are several ways for a customer to show that they are safe, and thus receive a discount. The simplest method is for the child to have a good Grade Point Average (GPA). A 3.0 GPA (B average) is usually enough for one to receive a discount. Having good credit and proper driver's education training can also lower rates. In addition, driving a short distance in an inexpensive car reduces auto insurance rates. A work commute of less than three miles will greatly reduce insurance premiums. Rather than adding students with inexpensive vehicles to a parent's policy, it is sometimes cheaper for young drivers to have their own auto insurance policy.

In short, insurance companies offer many discounts to student-age drivers to meet their insurance needs. Although rates for young drivers may seem high, the consequences of being uninsured in an accident can linger for decades, so it is crucial to find the proper auto insurance coverage for your student driver.