How to get auto insurance from a state that your college is in ...

by hirby

I live in New Jersey where the auto insurance is relatively expensive. However, I go to college in South Carolina where the auto insurance is a lot cheaper than in New Jersey. How can I get the cheaper South Carolina auto insurance? Do I need a South Carolina driver’s license to do this? Should I buy a car from a South Carolina dealership?

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 in Illinois, you face a fine and suspension of your license plates. Illinois law requires all motor vehicle owners to have the following coverage:

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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.

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Young drivers get cheaper cover at last

05.02.51

Premiums for young men have already started to come down, with some slight easing for young women too. The AA puts the average fall across the sexes at 6pc, but expects the slide to continue into the new year.

Simon Douglas, a director of AA Insurance, said the recession was adding to that momentum. "The seven-year insurance cycle topping out has coincided with a bad recession. Something had to give," he said.

The AA's next British Insurance Premium Index, due out later this month, is expected to show premiums plateauing ahead of further price falls early next year.

But it is the legal requirement to stop discriminating against young men that is spearheading a revolution in attitudes towards teenage boys.

The insurance industry has long argued that it could justify charging them more because of their appalling accident record. Department of Transport statistics show that car crashes are the biggest killer of young people, accounting for nearly eight out of 10 teenage deaths.

Source: Telegraph.co.uk

Car Insurance For Young Male Drivers- News

Women gaining on men in drunken driving arrests Chicago Tribune - Jan 01, 2010 Premiums for young women, in particular, have risen significantly, closing a gender disparity. Thirty years ago, young women drivers paid 46 percent above Women Gaining On Men In Drunken Driving Arrestsall 2 news articles »

A simple way to keep law and order - make everyone kiss and cuddle Telegraph.co.uk - Jan 04, 2010 The young man, of about 19, shouted at our driver to come out of the car and then aimed a kung fu kick at his head. As the guidebook had prophesied,

Police: Man Arrested For Pointing Gun At Motorist CBS 3 - Dec 30, 2009 According to investigators, a 32-year-old male was driving in a car with his fiancé and their four young children when an unknown vehicle came speeding up and more »

Wyckoff: Police Blotter, Dec. 31 NorthJersey.com - Dec 31, 2009 The videotape shows a young looking white male wearing a black jacket and hood enter the store and open the cash register, taking about $250. and more »

Protected no claims bonus can add 33% to car insurance premiums Fair Investment Company - Dec 18, 2009 The cost of protecting a no claims bonus also varies from one company to another, the study found, and young drivers could spend an additional 33 per cent