If your child will take a car with them to college, you have decisions to make about the best way to meet their insurance needs.

Should They Stay on Your Policy?

Keeping your college student on your policy can result in savings if they have their own vehicle. Insurers may offer multicar discounts, which can lower your overall premium costs.

Staying on your policy ensures that your child has consistent and appropriate coverage. It may also simplify handling claims or coverage changes.

Should They Get Their Own Policy?

A separate policy allows for customized coverage based on your child’s driving habits and needs. Some insurers offer discounts for young drivers, and your child may qualify for special programs like good student discounts and bundling renters’ insurance and car insurance.  

Should They Have No Coverage?

Driving without insurance is illegal in most states and can result in severe penalties, including fines, license suspension and legal trouble if your child is in an accident.

Contact Your Agent

Deciding the best way to meet your college-bound child’s insurance needs requires carefully considering your family’s budget, their circumstances and your insurance options.

Contact your agent for advice tailored to your family’s situation.  

Right-size Your Auto Coverage to Cope With Car Insurance Premium Increases

Amid rising premiums, your agent can help review your policy.

Your agent can help evaluate whether full coverage car insurance, including comprehensive and collision coverage, is cost-effective, depending on your vehicle’s value.

They may also recommend evaluating your deductibles. In general, higher deductibles result in lower premium costs.

Usage-based insurance (UBI) programs that require the installation of a telematics device in your vehicle to provide real-time data about safe driving habits may provide access to lower rates.

Contact our office today at 423.541.1111 to reevaluate your car insurance coverage and make sure you have the right policies and endorsements in place.