Remember Insurance When Going Off To College

NEWPORT BEACH, Calif. - July 11, 2023 - PRLog -- Yes, college students need to worry about insurance too. If you're packing up for college, it's important to remember that one big accident, illness or loss of property may be a huge financial setback if you're not insured. You have enough on your mind with registration, finding your calling, making friends. The last thing you need is to worry about how you'll pay the bills if you get sick, are robbed or if you have an accident. Here are some tips to ensure that you don't end up with a huge debt.

Car Insurance for College Students

Whether you're taking your car to school or leaving it at home, there are steps to take to save money, but driving uninsured is not one of them. The last thing you want are hefty fines, a horrible driving record and the highest rates imaginable for at least three years.

Living on Campus Without a Car

Most college students do not bring their cars to school with them, especially if they are attending a school in a city or a school that does not provide parking spaces for students. If you are insured under a parent's policy, they may get a break on their bills if you leave your car at home, so be sure to tell your parents about the away-at-school discount for students who won't be driving most of the year. Also, apply for a good student discount, which is offered to students with a B grade point average and above.

Do not be tempted to cancel a policy because you won't be driving much. One ride uninsured is all it takes to get in a lot of trouble and face severe penalties. If you get into an accident, you may suddenly be in tens of thousands of dollars in debt. Even if you don't get pulled over, and no one finds out you're uninsured, your insurance rate will be much higher due to a lapse in coverage. Consider pausing coverage instead. Even people who don't own a car are advised to stay insured for this reason with a non-owner car insurance policy.

What if you take your car to school with you?
What about health insurance?
Do you need renters insurance for a dorm?

All these questions and more at https://smartfinancial.com/insurance-for-college-student