At some point, the issue of taking an automobile to college will be considered by students and parents. States have slightly different rules governing the automobile insurance industry and so policy coverage varies. Contact your home state carrier representative to clarify coverage.
Questions:
- Does the policy follow the driver or the vehicle?
- Who can drive the vehicle?
- Are there age restrictions on who can drive the vehicle?
- Can others (roommates, girl friends, boy friends, relatives) drive the vehicle?
- Who can authorize others to drive the vehicle?
- What happens if there is an accident while someone other than the student is driving the vehicle? Whose policy covers the accident?
- Do the policy rates change depending upon where the student is going to school?
- If going out of state, is it more cost effective to write a separate policy for the student?
- Who covers the student if they drive someone else’s vehicle and there is an accident? What happens if there is no insurance on the vehicle?
- How much coverage is necessary?
- Will current discounts continue if the vehicle is at college most of the time?
- Considerations for parents and students to discuss:
- Expectations about use of the vehicle
- Increased parental liability when others drive the vehicle
- Using someone else’s vehicle and verifying insurance coverage
- Consequences of driving an uninsured vehicle (liability, fines and loss of license)
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