Auto Insurance Assistance Needed
Hi everyone! I’m a 20-year-old female college student and I’ve had my share of speeding tickets and accidents since getting my license at 17—definitely not my best driving phase. I recently moved to Virginia, and now my car insurance, which is under my parents’ policy, is costing us around $600 a month.
I’m looking for ways to lower this cost, especially since I’m juggling tuition, rent, and food expenses. I took a safe driving class last year, and I currently drive my mom’s car rather than having my own.
If anyone has tips or advice on how to reduce my insurance rates, I would really appreciate your help! Thank you!
It sounds like you’re in a tough situation with your insurance costs. Here are some suggestions that might help lower your premiums:
Shop Around: Different insurance companies offer varying rates, so it’s worth getting quotes from multiple providers. You might find a better deal elsewhere.
Adjust Your Coverage: Since you’re driving your mom’s car and don’t have your own, you might consider adjusting the coverage level on her policy. For instance, if it’s a safe vehicle, you may be able to drop collision or comprehensive coverage if it makes sense financially.
Look for Discounts: Ask your insurance provider about any possible discounts you might qualify for. Some companies offer discounts for good grades, safe driving courses (which you’ve taken), or bundling insurance policies (if you also need renter’s insurance, for example).
Increase Your Deductible: If you’re comfortable with it, increasing your deductible can lower your monthly premium. Just make sure you can afford the higher out-of-pocket cost in case of an accident.
Usage-Based Insurance: Some insurers offer options where your premium is based on how much and how safely you drive. This could help if you’re not driving as much these days.
Consider a Non-Owner Policy: If you don’t have a vehicle but still need coverage when driving your mom’s car, a non-owner policy might be a cheaper option for you.
Get Added to Your Mom’s Policy: If you aren’t already, see if you can be added as an occasional driver on your mom’s insurance policy. It might result in lower rates compared to being under your own policy.
Maintain a Clean Driving Record: Since you’ve already done a safe driving course, continue to focus on safe driving. Over time, this will help lower your insurance rates as your record improves.
Lastly, it could be beneficial to speak with an insurance agent for tailored advice specific to your situation. They might have additional options that aren’t widely advertised. Good luck!