Being a student and getting automobile insurance has its advantages and disadvantages. Not only that, there are some insurance opportunities that may be ideal for a student’s circumstances.
Of course one of the biggest concerns in acquiring automobile insurance for a student (and anyone else for that matter) is cost. Students typically fall within the age group that has the highest insurance premium rates; that is the 16 – 25 year old age group.
Unfortunately this age group has the highest incidence of accidents and claims. That’s not going to change and therefore those higher rates will remain. One point to be aware of, though, is that some insurance providers do consider the adult age range to begin at 23 instead of 25.