Car insurance is expensive for students

Many students may be priced out of taking their vehicle to university with them because of the rising cost of car insurance, according to a new study.

Research by moneysupermarket.com revealed that first time students could have to pay an extra £1,300 for their car insurance premiums due to concern over the safety of the vehicle.

At home many students are able to park their cars on a driveway or in a garage, while at university most rely on parking on the street, which is deemed a higher risk.

Peter Gerrard, head of insurance research at moneysupermarket.com, has warned students to amend their policies as not to invalidate their car insurance.

He said: "Students taking their cars to university must ensure they have the correct insurance and amend their policy where necessary; cost-conscious students may want to think twice about taking their car with them.

"For those that do want to get behind the wheel whilst at university I advise them to shop around for the most competitive policy possible."


I also believe that canvassing for lower car insurance is a must.