Parents have plenty of big things to worry about when their child heads off to college: room and board, textbook purchases, and other school-related issues and costs. With so much on their back-to-school plates, many parents probably haven't done much thinking about insurance - but they should.
Check out these answers to some common insurance questions all parents should ask:
Will my child still be covered under my insurance? Yes. College students are typically covered under their parents' car insurance, as long as they live at the same address as their parents when not at school. Review your specific policy to see if your child is covered.
Am I going to be paying more for auto insurance? It depends. Rates may change if the student is driving the car at school rather than leaving it back at home. (For example, drivers in urban locations generally pay more for insurance than those in rural areas.)
Are any discounts available? Yes. And now you have another reason to push your child to study hard: students with solid grades may qualify for a good student discount. If you have a child in college, or heading off to school soon, get in touch with your insurance agent.
Do I need additional insurance and coverage? Talk to a State Farm® agent about your unique insurance needs. In most cases, parents' homeowners policy will provide basic coverage for their student, but there may be times when a renters policy is needed. A personal articles policy also can provide additional coverage for electronics, musical instruments, sports equipment, and more.
Kip Diggs, State Farm