An agency may be able to “suspend” car insurance while a student driver attends college that is 100 or more miles from home.
Lake Forest, Illinois (PRWEB) August 16, 2012
Local Illinois insurance agency, Price Insurance, provides auto insurance advice to the parents of college-bound children. The agency encourages parents to review their children’s car insurance policies, especially if freshman will be leaving their car behind for the first year.
Many times, college campuses do not permit freshman students to have cars on campus. This rule is mainly due to the lack of space on school grounds. If a campus with a population of 20,000+, such as Eastern Illinois University, allowed all students to have a car on campus, there would be no room to move.
If this is the case, parents are responsible for notifying their insurance agency. Why? Here are a few reasons why it is important to let an agent know about a college-bound child:
- An agency may be able to “suspend” car insurance while a student driver attends college that is 100 or more miles from home.
- Student drivers may be eligible for a “low mileage” discount, especially if the car will only be driven once the child is home on break.
Those students who are able to take a car to campus should still speak with an agent. Depending on the location of the school and where the car will be parked, the premium may be affected. The bottom line: Always inform insurance agents of changes.
Parents should understand that it is not wise to cancel car coverage all together. While it may seem like a good idea to get rid of the car insurance policy on a car that is not being driven, this could backfire once a child is home for winter or holiday break. Without car insurance, any accidents, issues or damages will not be covered. Luckily, the agents at Price Insurance are ready to help residents with this change. The Illinois insurance agency is committed to securing its clients, whether parents or students, with the appropriate coverage for an affordable price.
About Price Insurance:
Price Insurance was founded by Paul T. Price in the 1920’s. It is a fourth generation insurance agency and has been family-owned and operated since 1937. Over the years, the agency has built a solid network of carriers, allowing the staff to build detailed, unique and affordable Illinois insurance packages. Local residents looking for a wide variety of personal and commercial insurance in Illinois should turn to Price Insurance for high-quality protection and service.