Are you sending your child off to college for the first time?
Among the many things you are scrambling to do to get them ready to go their auto insurance is a major item for your to-do list. You will need to contact your agent to discuss your policy coverage, available discounts and your student’s specific circumstances. Here’s a little pre-call prep to get you ready:
ONE. Give your agent these details:
- Where your student is attending college. Is it nearby, within 100 miles from home, or farther away?
- If they are going away are they taking their vehicle along? If so, share their garaging address at school. And what will their projected mileage look like?
- Your student’s current GPA.
- If they are a member of any affiliated organizations.
TWO. Ask about these discounts:
- Good Grades discount – if your student has a GPA of 3.0 or higher they are eligible for this discount. Not just in college, but high school, too.
- Student Away discount – if your student is going away to college (100 miles or more) and leaving their car at home they are eligible for this discount.
- Low-Mileage discount – if your student will drive, but infrequently, they might qualify for this discount as well.
- Ask if there are any other discounts that your student might be eligible for – different carriers offer different discounts.
THREE. Keep their existing auto coverage – even if they aren’t driving at school. Here’s why:
- Continuous coverage is an important rating factor especially for youthful drivers. Three years of consistent driving history are required before those high rates will come down.
- They don’t qualify for their own standard auto policy without those three years of driving history.
- When they come home for visits they will likely drive their vehicle or yours.
- While it’s not in the plan for them to drive at school, situations do arise where they might. If it does happen they’re covered.