When it’s time to send your kids off to college, it’s important to think about how this will affect your car insurance premiums. You may be able to save money on car insurance for college students if you can keep it on your policy, but there are a few other factors that may help you keep your young drivers protected while paying a little less each month for coverage.

Bundle Policies

Many insurance companies offer discounts if you bundle related policies. You can usually keep your young adult’s car on your insurance if one of two criteria are met:

  • The car title is in your name.
  • The car is jointly titled.

Even if the title is in your son or daughter’s name, you can still save money by bundling policies. For example, the experts at www.byrnesagency.com recommend that you invest in renter’s insurance when your children are away at college. If you bundle this coverage with their car insurance, you could pay smaller premiums overall.

Look at Crime Statistics

Surveying the crime statistics near your children’s top choices for schools does more than just take their personal safety into account. Choosing a school in an area with less crime could result in lower car insurance premiums, as there is less risk of vandalism or theft.

Knowing your children’s vehicles are covered when they’re away from home can give you peace of mind. It’s smart to ask your agent how you can get the best coverage for the lowest premiums.

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