I got a call from an Insured yesterday. We have his Motorcycle and RV insured through Progressive. He has his Auto and Home insured through a different carrier.
He heard from his sister that she received a discount when her son went to college. He called his Auto agent and requested the same thing. The only problem is that his son goes to school 50 miles from his house. In order to get the “College Student Away at School” discount, the student must go to school more than 100 miles away from his house.
To make things worse, his son goes to school in Philadelphia. So he can’t even lower his rate by saying his son has his car at school.
Here’s what I recommend for College Students on a Parent’s Auto policy.
- Find out if your college student is going to school more than 100 miles from your home-Discount.
- Does your College Student have good grades?- Discount
- Did he take Driver Training in High School? – Discount
- Depending on where your child’s college is located, it may lower your rate if you “garage” their car at that zip code. Ask your agent for details.
Can your college student get his own policy?
Yes he can. Here are some things to consider if you want to have a child get his own policy.
- The title of the vehicle must be in his name. It can be in yours and his name but it must be in his name.
- He will lose several discounts. Including; multi-policy (if you have a Homeowners and Auto policy), Homeowners (if you own your home), and a multi-car discount.
- He will still need to be listed on your policy. If your address is on his license then he will still need to be listed on your policy as a driver insured elsewhere.
- Your policy could be non-renewed or cancelled. If your young driver has a major accident or incident (like a DUI) and still lives at home your policy may be non-renewed. Most, if not all, insurance companies unhderwrite the entire household and many of those companies will not provide insurance to anyone in a house if a member of the household to has a DUI.