Raise your credit score
Young drivers are generally new to the credit game and may have no or lower credit scores than older drivers. If your credit score is bad, then your premiums will most likely be higher.
Get covered under your parents’ policy
You can be covered as a driver under your parent’s policy if they own the car and if your primary address is at your parent’s house.
Raise your deductible
It’s not out of the realm of possibilities that you will have a few minor dings and scrapes while trying to find parking on campus and having a low deductible can hurt your chances of getting a lower premium if you have to file a bunch of small claims, even if they are no-fault. Raise your deductible to between $500 and $1,000 if your insurance company will allow.
Choose a low-mileage policy
If you don’t commute a long way to class each day, then you may qualify for a low-mileage policy. If you’re yearly mileage is under 12,000, then you could be able to lower your premium.
Take out the full collision comprehensive coverage if your car is worth under $1,000 or so.
Since my college car was a 1989 Crown Victoria, it was worth much less than what we would have had to pay each year in comprehensive premiums. If my car were to get totaled, it wouldn’t really break the bank to get another one out of pocket.
Get a safe car
Yes, it may not be the chick (or dude) magnet that you’ve always wanted, but getting a safe car will absolutely lower your premiums. Hey, the more money you save, the more you can spend on dates, and that’s always attractive.
Drive a green car, aka a hybrid or biodiesel car
If you’re going to school in Massachusetts, California, or New York, you could be eligible for a 10 to 15 percent discount on your premiums. Not everybody in the US can qualify, but it’s definitely worth checking out. If you’re already saving money on gas, you might as well save on insurance too.
Be a good student
This may be the hardest (or easiest) way to save some extra money on your car insurance policy, depending on how you look at it. Well worth the effort, though.
Take a defensive driver or safe driver course
Many insurance companies will give you a break on your premiums is you can prove that you’ve completed continued driver’s education course. Hey, you’re going to school full-time anyway, what’s one more class going to hurt? Hey, look on the bright side: If you ace this course then you can sock away more party money! I wish I could say the same for my intro to Macroeconomics class back in the day.