Back-to-School Insurance Considerations

As the new school year begins, millions of families are adjusting to fresh routines. Whether you have a little one starting daycare or a teenager heading off to college, it’s important to ensure that your insurance coverage is up to date and ready for the year ahead. Here are a few key considerations to keep in mind to make sure everyone on your policy is properly protected.

Coverage for Students Without a Car at School

If your student will be driving when they return home during school breaks, they should remain listed on your auto insurance policy. However, if they’re attending school more than 100 miles away and aren’t bringing a car with them, you may qualify for a distant-student discount, which can help reduce your premium.

Coverage for Students With a Car at School

In most cases, if a car is registered to the parents and listed on your policy, it will be covered while being used by a student attending school out of town. However, it’s crucial to confirm that your insurance carrier provides coverage in the state and location of the college. Be aware that changing the principal location of the vehicle might affect your premium, so it’s worth discussing any potential changes with your insurer.

Driving a Friend’s Car at School

If your student occasionally drives a friend’s car while at school, they would typically be covered under your auto policy, provided they are listed as a driver on it. In this scenario, your policy would likely serve as secondary coverage, with the primary coverage being provided by the friend’s auto insurance.

Coverage Discounts

Students may be eligible for various discounts that can help lower your insurance costs. In addition to the distant-student discount mentioned earlier, many insurers offer a good-student discount. To qualify, students generally need to be enrolled full-time in at least four courses per term at an accredited college or university and meet specific academic criteria. Additionally, young drivers under 21 who complete a driver education course may qualify for further discounts.

Peace of Mind for an Exciting Time

Sending your child off to school is an exciting milestone. Ensuring that you have the right insurance coverage in place will help protect your family and your assets as you invest in your child’s future. Contact us today to review your policy and explore any discounts that may be available to you.