Many insurance companies offer good student discounts. If you are the parent of a student, keep track of your child's grades and consider making them pay for them. If you're a high school or college student, getting good grades on car insurance rates is worth it. If you're the parent of a student, keep track of your child's grades and consider making them pay the difference in fees if the grades aren't as high as needed.
This could motivate them to improve. Michigan's insurance laws are unique, as it is the only state that requires property protection insurance (PPI). In addition, the CDC reports that teens between 16 and 19 years old are at the highest risk of having a car accident, making Michigan insurers reluctant to hire young student drivers. Adding a young driver to your car insurance policy can increase costs even more than if you had an accident, were fined for speeding, or were arrested for driving while intoxicated.
If you plan to add or keep a college student in your policy, you must notify your car insurance company before your child moves in. Airbags, anti-lock brakes and anti-theft alarms are features that can discount your car insurance. Car insurance companies can offer a good student discount if you've earned a 3.0 grade point average. If you're driving in Michigan and want to get a discount on your car insurance, here are some ways to do so.
The amount you save varies by company and state, but you could save hundreds of dollars on your car insurance policy with these discounts. Auto insurance discounts for students usually require a minimum level of qualification, but some auto insurance companies also offer other ways to save. Michigan insurers typically offer discounts that fall into one of three categories: policy discounts, driver discounts, and vehicle discounts. In most cases, college students can stay on their parents' car insurance when they go to school if you haven't moved permanently.
Aside from that, the best way to reduce your car insurance costs is to compare the rates of at least three insurance companies. Most states allow college students from other states to remain on their parents' car insurance if their primary address is still the parents' residence. There are several unique reasons why car insurance is also increasing every year in Michigan, even if your details remain the same. In addition, you may be eligible for discounts on car insurance for students studying in college, so read on to learn what you need to know.
Michigan is a no-fault state, so all drivers process injury claims through their own insurance company, no matter who caused the accident.