Your college student came home for the holidays, and wanted to take the car back to campus. Before you send you agree, here are a few things to consider.
Away at school auto insurance discount
If your child’s school is a significant distance from home, you could save money by keeping the car at home. Many auto insurance companies offer an “away at school” discount if a child rated on your policy is away at college. There are some distance restrictions; with my current insurance carrier the college has to be at least 120 miles away from home. My daughter qualified, but my son did not.
Garaging address
You should also have the vehicle rated at its new garaging address. You could save money if rates in the area your child attends school are lower than rates where you live.