Auto insurance for students and young drivers Frequently asked Questions and answers

Below are some questions and answers that you may find helpful in deciding your young drivers car insurance or student car insurance.

Q: Do I have to have my own young drivers car insurance?

If you park your car on your parent’s property, and never drive it anywhere, you might not need to have any insurance. Once you are taking that car out on the public roads, you need all sorts of different types of insurance to pay for medical expenses if anyone hurt in an accident, pay for repairs if any damage from accident, get another car if it is stolen, protect your assets (house, car bank accounts) from beign drained by law suits, and also keep you out of jail.

Q: How do I know if I’m receiving a good low rate for my auto insurance?

A: Prices for car insurance can vary greatly from one car insurance company to another. The only way to know for sure you’re getting a “good deal” is to compare prices (for the same coverage options) from a variety of auto insurance companies.

Q: What options should be considered when purchasing a new policy?

A: All options should be explained to you during the quotation process so that you can make an informed decision regarding all available options. Select those options that are important to you and fit your budget.

Q: What should I do first to compare rates with other companies?

A: The first thing to do is review your parents’ existing policy. Understand the coverage’s limits, and deductibles. Receive quotes from different companies for the same or similar policy. This way you’ll be comparing “apples to apples”.

Q: How do I know if I’m getting all the discounts I qualify for?

A: Ask the insurance agent or company your dealing with about all the available discounts. Ask again. There are numerous available discounts that can be applied to the rate and it’s not uncommon for one or more discounts to be overlooked. Ask again!

Auto insurance for students and young drivers Frequently asked Questions and answers