There are plenty of factors to take into consideration when choosing the best auto insurance. Low premiums, good customer service, and good damage payouts are all things you should take into consideration. There are a few things that people tend to forget, or simply don’t know about, when choosing the auto insurance that is right for them. This is especially the case if you’re a young driver. As a young person, there are plenty of things to take into consideration before choosing a provider. This article will tell about a few of those things.
If you’re a recent graduate of a university, many insurance providers in the area where that college is located will offer you a discount simply for being an alumni. Your university’s admissions office will generally have a list of these providers located in their office for ease of access; if they do not, call around to providers in your area and see if they offer such a discount.
You need not be a graduate to receive a discount on your auto insurance. Many auto insurance providers will offer discounts on their insurance if you bring in transcripts to prove that you are a good student. For example, one well-known company offers up to 15% off of some of their forms of coverage for students that can prove they hold, at the very least, a B average. These benefits often times extend into graduate school age for students, meaning you can reap these rewards until you’re about 25.
If your parents hold insurance with a provider, chances are you’re eligible for a “legacy” discount. This means that since your parents were policy holders, you can receive a discount for also choosing to sign on as a policy holder with that provider. This often times means being on your parents’ policy for some time prior to paying for your own insurance. The discount on the monthly rates vary from provider to provider, but it generally somewhere in the ballpark of 5 – 10%.
In addition to the listed discounts, there are plenty of other discounts that you can receive as a young driver. Young people, especially if they are students and under the age of 25, tend to receive many discounts and benefits from most providers. If you’re already signed on as a policy holder with a provider, call them today to see if there are any discounts you can take advantage of as a young person.