Ball State

» Finding the right Car Insurance

By China at 10:46 AM

Being a college student (a really lucky one) I have yet to pay for my own insurance, and to be honest I have no idea what the car insurance rates are for my family, my car, my age or my driving history. I do however know that it is expensive and way more than I could afford without my dad (thank God for dads). In my finance class though we are learning about personal finances and savings and important information that will really help out later in life regarding mortgages and even little things like car insurance quotes.

For one of our projects we had to go online or visit a branch of the car insurance that we currently have and if we don't pay for our own insurance and don't know, we had to go and get a quote for what it would cost if we did. I had no idea how much detail they go into to get you a quote. You need to know all the information about your car, like the mileage, year, make and model as well as knowing your driving history and record and even little things like your grade point average for a good student discount. It is interesting how much your age plays into it and even the color of your car makes a big difference and how long you plan on having that insurance or switching over to another provider.

Obviously cheap car insurance is what people aim for, but after getting into several accidents and a few tickets, it seems a lot more important to have a reliable and trustworthy provider than it is to pay less. For example I just signed up for a motor club with my insurance provider because I am an out of state student and I have a car so if something were to happen like an accident or even a flat tire or something small, my dad is 300 miles away and can't help me with it. So we pay a monthly fee in case anything was to happen and thankfully we do, because I have had to use it. I feel like you can't really put a price on safety, especially when it comes to driving and being on the road. It makes me feel much better knowing that someone will come right away and help me if something were to happen, even if we're 20 dollars poorer every month. Ha.