Should I Take My College Student Off My Car Insurance?
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:
- Do they go to school nearby or far away from home?
- Do they have a car or need to use one regularly?
- Can they afford their own policy, or can you afford to keep them on yours?
Keep reading to learn more about:
- When you should keep a college student on your car insurance
- When you should remove a college student from your car insurance
- Why you should keep a college student on your car insurance or take them off it
When to Keep a College Student on Your Car Insurance Policy
Keep a child on your car insurance while they’re in college if:
- They live at home and commute to school
- They go to a nearby school and come home regularly
- They go to school out of state or more than 100 miles away from home and take a car with them
- They go to school away from home and you want to protect them in an emergency, such as if they ever need to drive a friend or roommate to the hospital
- You want them to be fully covered if they’re injured in a car accident as a passenger
- You want them to build a record of continuous car insurance coverage
- They can’t afford their own auto insurance policy
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.
Why you should keep a college student on your car insurance policy
If you keep a child on your car insurance while they’re in college, they’ll be covered when they:
- Come home and want to use a car
- Drive a friend’s vehicle when they’re at school
- Need to drive a car in an emergency
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:
- Defensive driving discount
- Good driver discount
- Good student discount
- Distant student, resident student, student away from home, or student away at school discount
Most insurance companies offer these discounts, including Allstate, Geico, Progressive, and State Farm.
When to Remove a College Student from Your Car Insurance Policy
Take a child off your car insurance while they’re in college if:
- They live on campus and don’t have regular access to a car
- You want or need to save money and your child can afford their own policy
Things to consider before you decide to remove a college student from your car insurance policy:
- You might be wondering; how long can a child stay on their parents’ auto insurance? In fact, a child can stay on your policy as long as they live with you and drive a vehicle you own and insure. Their age doesn’t matter.
- If you remove a college student from your auto insurance policy and they don’t get their own, they’ll be an uninsured motorist if they ever drive a car while at school. Unless, of course, they drive a friend’s car and get permission to do so.
- If your child lives at home and commutes to school, your insurance company may not let you remove them from your policy even if they don’t drive there or anywhere else. Most insurers require you to include all household members that have access to your vehicles on your policy.
- Your insurance company might make your child get their own policy if they go to college away from home, live off campus, and have a car. Especially if the car is in their name.
Why you should take a college student off your car insurance policy
If you remove a child from your car insurance while they’re in college:
- You could save as much as $3,000 on your premium payments
- Your child might pay less for their own policy if they live away from home, depending on their ZIP Code.
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