The Secret to Saving Big on College Student Insurance
Strategies for Saving on College Student Insurance
There are several strategies you can employ to save on college student insurance:
- Leverage Parental Coverage: If you're under 26, you might be eligible to stay on your parent's health insurance plan, which can be more cost-effective than purchasing a separate policy3.
- Compare and Shop Around: Don't settle for the first insurance quote you receive. Browse options from different providers to find the best rates. Websites like Policygenius and Insure.com offer comparison tools that can simplify this process.
- Utilize Discounts: Many insurers offer discounts for students who maintain good grades, bundle multiple policies, or pay premiums annually instead of monthly.
- Consider Higher Deductibles: Opting for a higher deductible can lower your monthly premiums. Just ensure you have enough savings to cover the deductible in case of a claim.