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Whether you or your child will be living on a college campus or commuting, it is important to review your current auto insurance policy to be sure you have the protection you need. If your vehicle is going to be parked outside in a parking lot or garage, you may way to consider Comprehensive Coverage. This helps pay to replace a stolen vehicle as well as covers repairs if there is weather damage. Collision Insurance should also be considered because driving to and from class among many other college students can be risky without adequate insurance. Collision insurance helps to repair your vehicle if it is damaged during an accident with either another vehicle or object.

When it comes to car insurance, young drivers may wonder if they qualify for good car insurance under the age of 25. Because age doesn’t affect the type of coverage drivers under 25 can get, young drivers, are able to find good car insurance under the age of 25. Two things to consider are what coverage is required by the state you live in as well as what type of coverage you want to protect yourself, your passengers, and your car.

Purchasing your first vehicle is a huge accomplishment. Having your own car allows you to have independence that you wouldn’t otherwise have. Along with owning a vehicle, means that you will have to obtain a car insurance policy. Choosing your first auto insurance policy is an important choice to make as you should consider every possible option to protect you and your vehicle. Some of the types of coverages to consider for your auto policy are Bodily Injury Liability – In the event of an accident, if you have injured someone, bodily injury liability could help pay for all the necessary legal fees, medical bills and lost wages of that person. Property Damage Liability – This coverage protects you in the event that you damage someone’s property. It is also imperative to consider coverage that protects you if you are hurt. Personal Injury Protection – If you are injured in an accident, personal injury protection (PIP) can help pay for health insurance costs, lost wages and even funeral expenses. Uninsured/underinsured motorist insurance – If you are hit by a driver without insurance, uninsured motorist insurance will help pay for your medical bills and even damages to your vehicle, depending on the state you live in.

Because car insurance is a requirement, it is important to budget your monthly costs and finances to assure you are covered. You can start by creating a budget for yourself. Add up all of your monthly bills and compare this number to the amount of money you make in a month. In doing this, you will have a better understanding of how much you need to budget for your car insurance. Try to keep your bill statements and receipts organized. Organizing your monthly payments will allow you to keep a record of how much you spend as well as allows you to refer back to payments when needed. Another way to budget for car insurance is to have a rainy day-saving. In the event that a surprise expense comes up, you can revert to the money you have placed aside to assure you can pay your monthly auto insurance bill.