Cheap Student Car Insurance: A Worthy Investment?
Higher education certainly gives you one or two things to think about, it beckons at just about the time you are busy speculating on how your adult life is going to turn out and to say that it can be a little daunting is probably putting it mildly.
Chances are you are leaving home for the first time so your head is full of big questions and as if that wasn’t enough, there is a good chance that you have just recently acquired a driving licence.
And if you are looking into the feasibility of owning a car through your student years, then the cost of insuring it is one worry that unless you are very fortunate, is unlikely to be lost on you.
This is one of life’s great ironies, you are moving away and you probably need car insurance at just the time when it is not only at its most expensive but when you can least afford it.
Cheap student car insurance is naturally an imperative for you and your only realistic chance of finding it is going to be via online car insurance comparison. The good news is that there are a number of insurance companies specialising in cheap student car insurance, tailoring policies to that specific need, but first let’s take a look at what you are up against when it comes to those annoying risk factors that contrive to hike up the cost of your policy and therefore the price of your cover.
In a nutshell, you are going to be living away from that nice place you call home, and particularly from its postcode, which there is every chance that you are now about to exchange for one near a large city where you will be living in shared accommodation with no off road parking.
That’s a premium hike warning. Cheap student car insurance, is beginning to look like a relative term now isn’t it?
Add to this your driving experience (zero), your accumulated no claims discount (zero) and the possibility of sharing your car for insurance purposes with a parent or relative (zero).
Don’t ignore that last part. Failing to supply an insurer with all the facts is as foolhardy as having no insurance at all. You cannot insure a car that is generally driven and kept in Liverpool by you as though it were owned and kept by your father who lives in Tenby, the insurance companies in the event of a claim inspection will call this a ‘main driver discrepancy’ and they will be entitled to repudiate your claim.
So that’s hardly cheap student car insurance when you think about it.
You need to do your research and gather quotes and you will find that the business of keeping the cost of cover to a minimum, really is a job for specialist insurers, it probably isn’t wise to simply rely on whoever mum and dad insure with. This is because obtaining cheap student car insurance is something akin to an art these days, and savings can often be achieved by a little tinkering with your policy conditions, restricting certain kinds of use, imposing policy excesses – you can even have a tracker fitted to your car these days.
Many companies have found innovative and imaginary ways to discount cover for students and it really is worth taking the time to explore them.