Auto Insurance For School

It is always a sad and scary time for parents as their children leave the nest and head off to college, and that is usually because their “babies” are leaving the nest. However, there is some real reasons to be concerned, considering your children are leaving home and will be on their own.

On the list of things that you discuss with your child make sure that one of them is auto insurance. As kids head off with their cars, it is important to remember that auto insurance will not only help pay for the damages incurred because of an accident, but it will also cover wrongful death claims, heaven forbid there should be a reason for that.

You must be sure to get liability auto insurance, uninsured/underinsured, and medical payments. Depending on the year of the car, you may want collision as well. Some states do not require them to drive, but you should take care of your needs, not necessarily what might be required. Talk to your auto insurance agent about limits and premiums, as well as deductibles. You can usually save yourself some money by getting all of them lower, but if you are in an accident you are going to wish you had the extra auto insurance coverage.

One other thing to note, if you are planning on paying your child’s auto insurance bill, make them an offer they can’t refuse. You can tell them that you will pay for their auto insurance until they get their first ticket and then they are on their own (almost 100% guaranteed to work), and/or get a high deductible – which will save you money, and let your child know that you will pay premiums but if they are in an accident, they will be responsible for the deductible.



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