Insurance For College Students

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College takes some getting used to. There’s a lot to know and a lot to learn, but one thing often left unstudied is how to insure your student while they’re away. But insuring your college student properly doesn’t have to be hard and could even save you some money.

For example, take cars. If your student doesn’t take their car to college and their campus is at least 100 miles away, you’ll probably get lower premiums from your insurance company. And if they do take their car, that could affect rates as well, either up or down, depending on where your student goes. So either way, check out your policy or talk to your insurance company.

Another topic worthy of study? Health Insurance. Full time students under 23 are normally covered by their parent’s health plan, but when confined to a group or network plan, you may have to find a participating doctor near campus. Many schools also offer their own health plans, doctors and facilities, too.

But what about all the “stuff” your student has? That laptop/iPod/DVD player/TV/clothes/etc was probably expensive. If staying in a dorm, your homeowners will normally cover these things, up to a limit. But, if your student is off campus in an apartment, you may have to get a renter’s insurance policy. Call your company and find out what coverage you have, and any you may need.

Bottom line? Finding out whether and how you’re covered is a course in itself, and a perfect opportunity for that student of yours to learn some real-life lessons.

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Comments & discussion

We welcome your opinions, but let’s keep it civil. Like many businesses, we reserve the right to refuse service to anyone. In our case, that means those who communicate by name-calling, racism, using words designed to hurt others or generally acting like an uninformed bully. Also, comments that include links to email addresses or commercial websites typically aren't posted. This isn't a place to advertise your business.

  • http://quotewizard.com/ Joel Peterson

    Auto insurance rates should definitely go down once someone enters college. Insurance companies know that students drive less, and that they’re already better drivers than 16-year-olds. Also, pretty much every insurance company there is offers a good student discount for students with a B average or better.

    And coming from someone who’s been robbed, get renters insurance! It’s such a no brainer. It’s usually $10 a month and if you get it with the same company you use for auto insurance they might give you a package deal. Plus, it’ll cover expensive stuff like laptops and iPods anywhere (including libraries, frat parties, bars, buses, etc.)– not just in a dorm room or apartment.

  • http://quotewizard.com Joel Peterson

    Auto insurance rates should definitely go down once someone enters college. Insurance companies know that students drive less, and that they’re already better drivers than 16-year-olds. Also, pretty much every insurance company there is offers a good student discount for students with a B average or better.

    And coming from someone who’s been robbed, get renters insurance! It’s such a no brainer. It’s usually $10 a month and if you get it with the same company you use for auto insurance they might give you a package deal. Plus, it’ll cover expensive stuff like laptops and iPods anywhere (including libraries, frat parties, bars, buses, etc.)– not just in a dorm room or apartment.

  • http://caregiver-jobs.org Caregiver Jobs

    Plain and simple, college is expensive. If you give your children a finance free ride into something so expensive without handing out a life lesson, you're not doing a good job. Can't take college for granted even though you want them to get out of your house.

  • risi13

    When it comes to car insurance coverage, there are many discounts available. You can be eligible for discounts based on: where you live, distances you drive, the type of car you drive, the safety and anti-theft devices on your car, and your personal driving record.