Here’s when you should keep a child on your car insurance policy after they start college, and when you should take them off your policy.
Whether you should remove a college student from your car insurance policy or keep them on it depends on a few factors, including:
Keep reading to learn more about:
Keep a child on your car insurance while they’re in college if:
Make sure that you, the parent, are listed on the title of any car your child plans to drive or may drive while at school. And if your child buys and finances a car, make sure you’re listed as its co-owner. Otherwise, your insurer may force them to get their own policy.
Keep your home as the college student’s primary address. Most insurance companies will let you do this even if your son or daughter are not living at home and go to school out of state.
To keep your premiums as cheap and affordable as possible, ask your insurance company to assign your child to your least valuable vehicle.
If you keep a child on your car insurance while they’re in college, they’ll be covered when they:
They’ll also have plenty of protection if a vehicle hits them while they’re walking or riding a bike. And they’ll be protected if they’re injured in an accident as a passenger in another person’s car.
A few more reasons to keep a college student on your auto insurance:
It’ll probably be a lot cheaper for you to keep your child on your policy after they start college than it will be for them to buy their own. According to our research, young drivers pay $438 a month on average when they get their own car insurance coverage. Adding a young driver to a parent’s policy costs an average of just $278 a month.
You can save money on your car insurance policy if your child qualifies for one or more of these discounts:
Most insurance companies offer these discounts, including Allstate, Geico, Progressive, and State Farm.
Take a child off your car insurance while they’re in college if:
Things to consider before you decide to remove a college student from your car insurance policy:
If you remove a child from your car insurance while they’re in college:
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