All over the USA, parents are taking their kids to college. Along with clothes, backpacks, mini-refrigerators and a laptop, many of these students will have a car. Being at college with a car away from home is a new responsibility. Here are a few tips to share with your new collegiate about their car as it relates to insurance.
Tell your insurance agent. Your agent will need to know where the car will be used and update your policy. Rates vary from community to community. With an up-to-date policy, you are assured of having valid coverage.
Make sure the vehicle is maintained correctly. Regular maintenance on brakes and tires will help your student avoid an accident. Other maintenance such as oil changes and just getting junk out of the car, cleaning windshields, and replacing wipers will also help parents keep their peace of mind.
Keep the insurance card in the vehicle. Most states require that the insurance documents be available on demand by law enforcement. This is a good item to double-check.
Make sure your student at college knows what to do in the event of an accident. We recommend that the student take time to go through these steps for an accident:
- Stay calm
- Check to see if anyone needs an ambulance
- Call for an ambulance if needed
- Call for the police
Also use your Phone to:
- Exchange driver’s license, phone number, names, and insurance information with the other driver
- Get contact information from any witnesses
- Take photos of the scene
Will friends be borrowing the car? You and your new college student should work out whether or not any of his or her friends can borrow the car. Generally speaking, liability insurance follows the vehicle. It is a good idea to make sure your student understands if his friend wrecks your car, your insurance will be affected.
College discounts may be available. If your son or daughter is a good student, many insurance carriers offer substantial discounts for academic achievement. A good incentive for your new student to hit the books!
At O’Connor Insurance, we are ready to help families with their insurance needs as changes such as kids going to college begin to take place. For questions about how to best insure your student’s car, call one of our independent agents at 314-434-0038.