For those of you who are about to have a teen away at school for the first time or even those who didn’t know this, here’s the deal: your son or daughter, even though they are at school for the year, is still considered a resident of your household. As such, most Connecticut insurance companies will require that you keep him/her listed as an operator on the policy.
Fortunately for you and your wallet, providing that your son or daughter is at least 100 miles away or more (and they don’t have a vehicle with them), you can have your insurer class your student as Away at School and your premium will almost assuredly go down.
Common questions and answers:
- Can my child drive one of the cars when they come home for Thanksgiving, Christmas, Kwanza, Festivus, or summer break? Yes, the rates charged for operators Away at School are set accordingly and therefore your student can drive your car(s) when they come home.
- What if my son or daughter’s car isn’t being used at all while he/she is away at school? Most companies allow for a vehicle’s liability and collision coverage to be suspended and listed as Comprehensive Only (if it’s not being used for more than a month at a time). Doing this will also lower your premium for the time the vehicle is on suspension. Remember, though, you cannot drive the vehicle while it is on suspension. A quick call to your agent and coverage can be reinstated.
- What if my car is stolen, vandalized, or a tree falls on it while it’s on suspension? When a vehicle is listed on a policy has Comprehensive Only, you still get Comprehensive coverage, also known as Other Than Collision. This coverage includes fire, theft, vandalism, hitting an animal, falling objects, etc.
Click here for more information on auto insurance. And if you have any questions about your personal insurance program, want to make sure that your son or daughter is properly classed, or just would like the best coverage at the most competitive rate available, gives us a call at 860-529-1737 or email us at firstname.lastname@example.org.