Website offers student vehicle insurance tips
Financial website Moneyextra.com has put together a list of car insurance tips that students should follow if they are taking their motor to university with them in September.
Moneyextra.com said in the Mirror that students could see their auto insurance increase as they move from home to university accommodation, but by being vigilant and making sure their policy is accurate, youngsters could save some money.
The website advises putting the right amount of mileage the student expects to rack up when applying for an auto insurance policy, as a higher figure could increase premiums while giving a lower number could invalidate any claims.
If student halls allow the car to be stored in a garage rather than just on the road then university freshers should look into using the extra security and make sure the auto insurance provider knows about it, according to Moneyextra.com.
It continued: " Shop around for your car insurance policy and consider paying a higher voluntary excess in the event of a claim.
"Although you pay out more if you claim, your premium can reduce quite considerably if you agree to share more of the risk with your car insurance company."
A new government-commissioned report published by the Motor Insurers' Bureau (MIB) recently revealed the extent of young drivers who are taking to the road without adequate car insurance.
One in five of the younger generation of motorists are neglecting to take out auto insurance before they start driving.
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