Car Insurance for Child at College

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Things to remember...
  • Anyone who has less than five years of driving experience is classified as a high-risk driver
  • College students who have a permanent address at home are considered dependents on their parents’ tax filings
  • If your child has regular access to a car while they are away at college, they should stay on your policy
  • Encourage your college student to get good grades, and they will qualify for a Good Student Discount
  • College students who live in their own apartments should buy their own auto insurance policy for coverage

Teens and young adults can’t do anything to escape the fact that they are going to be classified as high-risk drivers when they first get their license.

Being considered high-risk is why rental agencies surcharge renters under 25 and why auto insurance companies assign highly inflated premiums to vehicles that are driven by the inexperienced driver in the home.

Parents go through a tornado of emotions when their little babies go from diapers to graduating high school in the blink of an eye. Many parents start to wonder if they need to keep their kids on their policy while they are in college. Here’s a guide on insuring college students.

If you are also looking to insure your child before they head off to college, start comparison shopping today for the best auto insurance rates. Enter your zip code above to get started!

When Your College Student is Attending School Nearby

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If you were lucky enough to convince your student to attend a college in your local area, you don’t have to worry about saying the emotional goodbyes.

Some young adults want to move as far away from home as possible to enjoy their new-found independence and others understand just how much it costs to move to a new state or city.

As long as your child is living in your home while they are attending a local college or university, you should keep him or her on your auto insurance just like they were when they were in high school.

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When Your Child Leaves Your Home and Attends School Far Away

When students are attending school far away from their childhood home, there still may be a need for auto insurance coverage. It all depends on if the student takes a car with them or if they have regular access to other vehicles to commute to school or work.

You should always keep students on your insurance if they are regularly driving at college.

You know you have to insure a car that they take with them, but you should also have that barrier of protection if the student will be borrowing or renting cars.

It’s better to pay the premium than to face an uninsured loss where you could lose everything.

Why do you need to keep a college student away at college on your policy?

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You have to take a step back and assess the whole situation so that you can fully comprehend why it’s so important to approach the insurance topic the right way.

Students who are away at college are usually still dependents. When you have a dependent who drives, it always put you at risk.

If you’re paying for room and board or you’re helping your child pay for college tuition, they are financially dependent on you, and this can work against you if there’s ever an accident.

When parents make the mistake of removing their children too soon, they won’t have any liability protection to pay for claims made by other drivers. They also won’t be entitled to having the insurance company cover the cost of legal defense.

When will a college student who is still on your policy be covered?

You might be surprised at home many different scenarios where your teen might need coverage to drive a car when they are away. You can’t keep an eye on your college student all the time, so you don’t truly know if they will be driving.

As much as you’d like to trust your children, it’s always possible that they are doing things they aren’t telling you.

Even though the intention is innocent, if something happens while they are driving a non-owned car, that innocent joyride can turn into a nightmare.

Here are scenarios where your teen will be covered if you keep them on your policy:

  • They drive a friend’s car while they are away at school
  • They have to drive someone else’s car because of an emergency near the campus
  • They return home and drive your vehicles or their friends’ vehicles in your local area

Is there a discount for students who go away to college?

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A student who is attending school miles and miles away from you without their car isn’t quite the same type of risk as a student who stills lives with you.

They may still be a risk, but they aren’t exposed to the same level of risk as a student who has regular access to a vehicle and who can come and go as they please.

Most auto insurance carriers offer their customers the option to take advantage of a Student Away at College discount when their student is attending full-time school at least 100 miles from their primary residence.

For the student to qualify for the savings, they must be 24 or younger. You may have to provide proof of their attendance at a school far away.

Ask About Good Students Discounts

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Both local and distant students can qualify for Good Student Discounts as long as they earn a 3.0 or higher and they are attending college full-time.

These discounts for getting good grades are a great incentive for your student to do good in school and save up to 30 percent off of their premiums.

Let your college student stay on your policy for as long as they are dependent on you. When they become independent, they can start to shop for their policy. Use an online auto insurance quote tool and see what the price difference will be.

Start comparison shopping today by using our FREE online quote tool! Enter your zip code below to get started!

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