Ryan Insurance & Financial Services

Insurance advice for parents of college-bound students

Aug 29, 2017

How long should you keep your college student on your policy? When your children leave for college, there are tons of details to take care of – tuition, housing, books, spending money, etc. Make sure auto insurance is on your to-do list.

Whether they move 30 miles or 300 miles away, let your insurance agent know about the temporary address change. We’ll also want to chat about other changes and opportunities to keep your premiums as low as possible. For instance:

  • Consider sending your child to college without a car. Students going to college more than 100 miles from home without bringing a car can receive a distant student discount and still use the car during breaks as an occasional user.
  • Discounts also may be available for good grades and good driving records.
  • If your son or daughter takes a car to college, the premiums may vary depending on whether the college is in a rural or urban area.
  • If the college is in another state, you’ll want to make sure you comply with that state’s minimum insurance requirements and Florida’s requirements.

We advise parents to keep their adult children on the family policy until they have a good job and are able to pay for their own insurance. We’re here to help you get through this transition. Give us a call at 386-738-2000 so we can review your family coverage and make sure you have the insurance you need at a price you can afford.

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