When you attend college, you not only have to worry about adopting a new college lifestyle you also have to worry about becoming more independent. With freedom and independence comes responsibility. If you are the registered owner of your own vehicle, one of your new responsibilities will be to purchase your own auto insurance. What if you don’t know anything about San Diego auto insurance for college students? Worry not! Here is an Auto Insurance 101 course to gain a brief understanding of how auto insurance works.
The Difference between Adequate Coverage and Required Coverage
All residents of San Diego with vehicles registered in California are required to carry a minimum amount of liability coverage. Liability coverage will pay a third-party for injuries and damages that you are responsible for. It will not pay for your bills or your passengers’ bills. In California, all drivers must have no less than:
- Bodily Injury: $15,000 per person up to $30,000 per accident
- Property Damage: $5000 per accident
Carrying required coverage limits for San Diego car insurance will help you satisfy state laws, but that does not mean that you are adequately protected. It is important to build yourself a policy that will protect your wages and assets.
Optional Coverages That You Can Purchase
Personal auto insurance policies can be built to suit your needs. If you do not have medical insurance, you can buy insurance with medical payments coverage to pay for medical bills that were caused in an accident. It is also wise to purchase Uninsured Motorist protection to provide you with coverage if someone with no insurance hits you or you are a victim of a hit and run.
If you are leasing or financing a vehicle, you are required to purchase physical damage cover. This is a lender requirement and not a state requirement. Physical damage coverages pay for repairs or replacement of your vehicle if it is damaged because of a covered loss. Comprehensive covers losses caused by fire, theft vandalism, and collision covers losses when the vehicle is moving. You will need to select the best deductible that keeps your premiums affordable but that you can afford to cover if you have a claim.
Be sure that you ask for all of the discounts you are eligible for when you buy your first stand-alone auto policy. If you have a lot of belongings, you should also consider a renter’s policy for coverage and additional discounts. Be sure to work with an agent who believes in educating their customers, and learn everything you need to know about the basics of insurance in San Diego.
To learn more about auto insurance policies, reach out to American TriStar today. We understand that many students are on a budget and that some may not have a perfect driving record. We offer cheap auto insurance for students in San Diego and can help you find the plan that provides you with the coverage you need. Call 619-272-2100 today and speak with an expert representative now.