Insuring Your Car After You Graduate

By Author: Norris Rios
Total Articles: 572
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After spending your time at the campus, studying, going to parties, being anxious about exams and everything else that you can get in college, graduation is definitely a very important even that changes a lot of things in a past student's life. And there are a lot of small things that start becoming important after you graduate such as auto insurance. When you're no longer a student your insurance situation will change and you will have to learn a few lessons on how to make auto insurance more affordable.

First of all, you should understand the real importance of having your car insured. Sure, it's a legal requirement to operate a vehicle in all states, but there's something beyond its mandatory character. Auto insurance is there to protect you from liability that can arise when you end up in an accident with another car and cause injuries or damage. Besides, with some coverage options you can get with your policy you can even get health services covered, which is very useful if you didn't find a good health insurance plan after graduating and can no longer be listed under your parents' plan.

Besides the obvious ...
... third party liability part of your insurance policy, don't forget about the part that will cover your car in case of an accident. If you drive a fairly new car you will certainly want to include collision and comprehensive coverage into your policy as well. These forms of insurance will pay for the damage due to collision or other circumstance like fire, theft, riot, natural disasters and others, no matter whether you were at fault or not. Let's agree that it's nice to know that your car will be protected in any case, not just when you're not at fault. And having this type of protection for a good car you would probably buy to celebrate your first steps into the big world after graduation is very reasonable.

Sure, this kind of protection doesn't come cheap and it can be quite costly for a person who just got out of college without any serious assets and income sources. If you're in a situation when every dollar counts, you might as well want to be really careful about the amounts and type of coverage you are including into your policy. The more features and the larger coverage limits you have the higher your premiums will be. So it sometimes really pays to keep your coverage limits to bare minimums until you don't have enough income to improve your policy.

Still, no one restricts you from some comparison shopping in order to get the best rates. There are plenty of sites you can get car insurance quotes from in order to have a better understanding of the competition. Besides, you can ask your parents' insurance agent about car insurance quotes that will be better for your situation. Remember that the more time you spend on comparing quotes the higher is the chance of finding a really competitive policy. So don't go with the very first company you run across. It might be a big mistake when it comes to paying those premiums.