When it comes to saving money on car insurance, you need to be aware of the many discounts that you may qualify for. You may find that you are able to save anywhere from 10 to 20 percent of more on your premiums when taking advantage of discounts, especially ones that relate to you being a college student. Here’s a quick look at the best discounts you’ll find for saving money on car insurance as a student in college.
Multi-car policy discount
Are you staying on your parent’s policy while in college? If so, you should qualify for some type of multi-car discount. The savings can be anywhere from $10 a year to $200+. Your parents will also receive a discount on their policy rates because of the multi-discount feature.
Maintain good grades
When going to school, you should always do your best to keep your grades up. Not only will good grades help you excel further in your school and career endeavors, but it can also help you qualify for a good grade discount. Some insurance companies have been known to reduce insurance premium rates by as much as 15 percent for students who keep their grades at or above a 3.0 GPA.
Low mileage discount
If you live close to campus, you should definitely do your best to travel to and from school by foot or bicycle. Not only does this help you squeeze in lots of exercise, but it can also lower your insurance rates because you’ll be putting very low mileage on your vehicle. The lower the miles, the lower your insurance rates.
To learn more about saving money as a college student on your auto insurance, visit the Schaller & Thomas Family Insurance website today.