If you're a college student, it's possible that you're working hard to keep your expenses as low as possible as you juggle tuition, living and food costs. One of the ways that you can wind up with a little more money in your bank account at the end of the month is to make some cost-saving changes to your auto insurance premium. Although you'll often see this rate dropping over the years as long as you keep a safe driving record, there are multiple ways of saving money in the interim. Here are three ways that college students can pay less for their coverage.
Get Better Grades
Improving your college grades might not be something that happens overnight, but committing to work harder at school can actually help your auto insurance rate. In the eyes of your auto insurance provider, a student who achieves success in the classroom has a high degree of responsibility, and this responsibility can translate into being a smart driver. Although the exact policies for student discounts can vary according to the insurance provider, you can often expect to have your premium reduced if you're maintaining a grade-point average of at least 3.0, are studying on a full-time basis, and are younger than 25 years of age.
Commute Via Public Transit
Whether you're attending college near your family home or you've moved to a new city for your studies, you might be in the habit of driving to and from the campus. Doing so has its conveniences but can cause you to pay more for your auto insurance than necessary. Commuting via public transit, such as taking the bus, train, or subway, means that you'll be spending less time in your vehicle–and thus less at risk of being in an accident–which will cause your insurance provider to lower your rate. While there's a cost associated with public transit, many transit agencies have student rates that are highly affordable.
Graduate From A Defensive Driving Program
Signing up for a defensive driving program shows your insurance company that you're increasing your set of skills behind the wheel, which will prompt the company to respond with a premium reduction. Even if you're not keen on adding another subject to study, the reality is that you're already in the habit of making time to study daily and you should be able to handle one additional course. Plus, you might find that the defensive driving program is easier than your college studies – and it's nice to know there will be an immediate payoff for taking it.