Do I need student auto insurance from my college state or home state?
Melanie Benson Strick 
o I need student auto insurance from my college state or home state? I reside in New York but am attending college in Illionos.
Student car insurance :
Response : As per the vehicle registration, the student car insurance will have to be taken in the state in which your vehicle is registered, which will be New York in your case. Now, if you are the owner of the vehicle, than you can change the registration to your college state- Illnos, if you so desire and take the student car insurance from Illionos.
If you decide not to re-register your vehicle in the state of your college, you will need insurance from you home state. However keep the following points in mind :
1) You will have to inform your auto insurance company that you would be using the vehicle in another state and they would charge accordingly, if they want.
2) You should also opt for limits of liability which are applicable to your college state since, this would be the requirement when the vehicle is used in that particular state.
You should consider these factors in determining your auto insurance needs while you are in college:
Required Coverage
If you are attending school in another state, check with your insurance company or agent to make sure you have enough coverage to comply with any minimum insurance requirements in that state. If you get caught driving without auto insurance , you face a fine and suspension of your license plates. Illinois law requires all motor vehicle owners to have the following coverage:
Liability insurance – Pays for bodily injury to another person or property damage you cause due to the negligent operation of a vehicle. Required amounts are; $20,000 per person, $40,000 per occurrence, and $15,000 for property damage. If affordable, higher liability limits of at least 100/300/100 are better.
Uninsured motorist bodily injury (UM) – Pays for your bodily injury caused by a hit-and-run driver or an at-fault driver who has no liability insurance. Required amounts are $20,000 per person and $40,000 per accident. If affordable, higher limits are available.
Note: If you purchase larger amounts of UM coverage, underinsured motorist bodily injury coverage (UIM) is also required.
Other Coverage
Medical payments – Covers medical and funeral expenses for you or your passengers if injured or killed in an accident in your vehicle. It also covers you and your family members if struck by a vehicle while walking or riding in another vehicle. This coverage pays even if you cause the accident.
Physical damage – Pays for damage to your auto. You may have to pay for part of the loss, called a deductible. Illinois law doesn’t require physical damage coverage, but your lender may. Depending on the value of your car, you may decide the cost of physical damage coverage is not worth the additional premium.
Vehicle Ownership
If your parents own the vehicle – If your parent or guardian’s name is on the title of the vehicle, you can be listed under their auto insurance policy as an additional driver, but their premium will be higher.
For the best college student auto insurance rates you need to shop around for auto insurance quotes. You can try a quote at teenautoinsquote.com.
Good Luck.
Thanks.
Kamlesh.
