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College students who bring a car to campus may need to move to a standalone policy, which could raise the cost of auto insurance by an average of $1,380 across the four years of college.
Cons of bringing a car to college. Registration, insurance and parking permits may be more expensive in your new city. Vehicle maintenance can add stress to busy students' schedules
More drivers are going without auto insurance as inflation and higher premiums pressure their budgets. The number of households that have at least one uninsured vehicle increased to 5.7% in the ...
Pros for staying on parents’ policy. Cons for staying on parents’ policy. Access to less expensive premiums typically. Increases parent’s policy premium by as much as 130%
There are important issues to consider regarding car insurance for students who bring their car to college. The Price Factor. Having a young driver with a car on campus can significantly increase ...
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
Read more: check out our picks for the best car insurance companies Look for discounts Insurers offer a slew of discounts, and you might be surprised at what qualifies you for a lower rate.
A decade ago, students heading back to college in the fall may have just shown up with an old TV, a couch they found on the side of a road and a suitcase. But these days dorm rooms contain more ...