Thanks to a tip from fellow injuryboard blogger, Ben Glass, I recently contacted my automobile insurer to report that my eldest child matriculated from his high school and is now attending college. When our auto insurer learned that my son would not have a car on campus, it lowered our annual premiums by almost $700.00. My son is still an insured driver on our policy, but the carrier now deems him a much lower risk because he does not have a family vehicle available for his regular use. If you have a child who is away from home without a vehicle, report this to your auto insurer. You may save $500.00 to $1,000.00 on your annual premium.
For more information on this subject matter please refer to the section on Car and Motorcycle Accidents.