subject: Top 5 Ways to Cut the Costs of Student Car Insurance [print this page] Top 5 Ways to Cut the Costs of Student Car Insurance
Don't Renew unfortunately car insurance companies do not tend to reward customer loyalty. You will most likely be better off if you look around for a new policy every year. You could be missing out on some big savings if you simply renew your existing car insurance policy each time with the same provider.
Driving History insurance companies can increase your premiums if you have a history of poor driving. This is because you are seen as a higher risk driver (more likely to make a claim). You can keep your student car insurance costs down by driving responsibly and with a regard for the laws of the road. Not only should this make you safer but it should also help you to keep your license clean and free from traffic offences such as speeding.
Main Driver many students are listed on their parent's car insurance policy. This can be a good idea as it will allow you to have the most experienced person with the cleanest license named as the main driver. This can help to keep the overall insurance costs down for younger and less experienced drivers. However it is important that if you are indeed the main driver of the car then this is reflected in your policy. Pretending that someone else (such as a parent) is the main driver of your car is known as "fronting". This is illegal and will invalidate your policy.
Modifications there are many ways in which you can modify your car. You may not be aware though that even basic modification such as adding alloy wheels can increase your insurance premiums. You will have to notify your insurance company if you do make any modifications and they may adjust your policy and premiums accordingly. If you fail to inform your insurance company of modifications then your policy may be invalid and you may not be able to make a claim when you need to. If you are trying to keep your costs down then stay away from any performance or style modifications to your car.
Security one of the main issues with student car insurance is security. A lot of student housing is in poorer areas that can have higher rates of vehicle crime. Students may also have to rely on street parking only and this can also increase the risks of vandalism, accidental damage and theft. You can help to mitigate the costs of student car insurance by making sure you have done everything you can to increase the security of your car. Installing a high grade alarm system and parking your car in the safest place possible (a private drive or garage preferably) can help to reduce the costs of car insurance.
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