How does a student get to study if they do not have the right means of transport to their destinations? When a student has no proper transport means, they are likely to be late for their classes and other places that they want to visit because allot of transport is involved while studying.
To ease this problem, a student will require a car in order to be at the right place at the right time.
Having a car will ask for an insurance cover.
The law requires that a vehicle on the road should have a third party insurance.
For a student, it is difficult to obtain cheap insurance from companies.
This is because they are perceived to cause more accidents than other experienced drivers who are older than they are.
As a student, one can obtain a discount on car insurance for being enrolled in a school.
The amount of insurance rates payable by a student will be determined by the performance of the student at school and at the same time the company that the student has taken the insurance cover from.
Some proprietary discounts are available only in some specific insurance companies while others offer the same discount rate.
The type of car that one drives will influence the rate that one pays to the insurance company.
A car with adequate safety and security features will attract lower rates than those that do not.
Other important factors in determining the amount of insurance rates payable are the color of the car, the distance that the student intends to drive the car and the frequency of driving the car.
There is at the same time the issue of gender, location and age.
Male students are likely to pay more insurance rates as compared to their female counterparts.
Most schools are located in urban centers that attract higher rates than rural areas.
Students who are younger than the age of 25 years will pay more than those who are past this age.
For a student to be able to reduce the amount of money they pay to the insurance company, they need to observe the following.
They need to get good grades in their schools as insurance companies perceive them to be responsible and in light of this will be responsible drivers.
It is important to be a good driver by avoiding accidents and tickets.
When the insurer considers one a good driver, they are likely to pay less insurance rates.
It is useful to the student to take advantage of discounts from low mileage and carpooling.
Though it may be cheaper at times to get own insurance, a student can opt to go for their parents insurance.
It will be crucial for the student to maintain a good credit history.
A student having low credit rating scores will be charged more than one who has higher credit rating.
Insurers offer lower rates through discounts to students who take safety classes therefore a good defensive driving class will be important.
It is advisable to have insurance cover all the timer to avoid ruining your credit rating or losing your license or worse financial problems incase of a serious accident.
A rule of thumb is to avoid driving under the influence of alcohol.
While making a purchase for your vehicle, consider the choice very carefully.
If possible, a student can avoid a car in general as this will save them any cost payable to insurance companies.