| Students owning cars face the issue of keeping their | | | | third party for other vehicles. |
| car insured, as it is mandatory for any car owner in | | | | Some companies offer students the fire and theft |
| the US to carry insurance. Many students are listed | | | | insurance policy, which is suitable for those that live in |
| as dependants in the insurance policies of their | | | | poorer, crime infested areas where cars are more |
| parents. However, some insurance companies insist | | | | susceptible to theft. This policy covers students if |
| on removal of a student?s name from the parent?s | | | | their car is stolen or damaged by acts of theft or |
| policy, particularly, when the policyholder has signed a | | | | arson. Classic cars can be easily stolen, as their |
| waiver of assurance that the student will not drive a | | | | locking systems are not as powerful as the modern |
| vehicle. In such cases, the students face lapse in | | | | cars. |
| coverage, which in the long term can be an obstacle | | | | Comprehensive car insurance is another type of |
| to getting car insurance. It is therefore, imperative | | | | insurance ideal for students, as it covers them |
| for students to have their own insurance policies. | | | | against all risks that might occur to them or to other |
| Many insurance companies do not insure students and | | | | people while they are driving any model of car |
| the ones that do provide it quote high premiums. This | | | | including classic cars. However, it entails high |
| is more so when the car owned by a student | | | | premiums, the burden of which can be lessened by |
| belongs to the category of classic cars, which are | | | | paying a part of the initial cost of the claim known as |
| typically old and obsolete models. Some students | | | | ?excess?. |
| prefer to buy classic cars due to their vintage value | | | | Despite the existence of different policies, it is |
| but find it difficult to pay for large insurance | | | | advisable for students to take certain steps in order |
| premiums on such cars. | | | | to enjoy low cost insurance policies. To begin with, |
| However, there are some insurance companies that | | | | their car should possess low car insurance group |
| offer ?third party only? insurance policies for classic | | | | number. It is a good idea to take the ?Advanced |
| cars at reasonable rates. Third party insurance covers | | | | Driving? test that affirms their driving skills. Fewer |
| students in the unfortunate event of an accident | | | | miles driven per year can also help students get |
| where someone is injured or killed. However, they | | | | better deals from insurance companies in terms of |
| are not compensated if the damage occurs to their | | | | low insurance premiums. |
| own car. In this manner, students can be covered as | | | | |