By Lexi Myer
My husband is a campus minister at the University of Kansas, so we interact with college students on a daily basis. We are there for the ups and the downs of college life, and we enjoy seeing the day when students that we know and love have the opportunity to get their diploma and start their adult lives.
If these young adults move out on their own, then they are no longer eligible to be on their parent’s auto insurance and their contents would no longer be covered under their parent’s home insurance policy. So what does a graduate need once they are on their own?
- Auto Insurance. As stated above, once a student graduates and is out on their own, they are no longer eligible to be on their parent’s insurance. The rates could go up being a single person with only one car, but that does not mean that you should find the cheapest insurance. State Liability Limits are the cheapest option, but at the time of an accident, you are more likely to have out of pocket expenses because your liability limits are not high enough to cover an accident.
- Renter’s Insurance. Some home insurance carriers have coverage for a student’s belongings when they are away at college. When they graduate, the risk is no longer on a parent, but on the individual. Renter’s insurance covers belongings in your home as well as liability insurance in case someone gets hurt in your home. Renter’s insurance is an inexpensive way to keep you and your belongings safe.
- Bundle your insurance. Most carriers offer multi policy discounts for bundling your home and auto insurance together. Make sure that you take advantage of this to lower your cost even more.
- Find an agent. Working with an independent agent, like at MAX Insurance Agency, Inc., ensures that you are getting great coverage at a great rate. Having an agent to shop insurance and counsel you in what is appropriate coverage for your needs is the best way to make sure that you are covered. Trust an insurance professional to help you with this.
If your college graduate needs assistance as they take this step into adulthood, have them give me a call! I love college students, and if I can help them, it would be my pleasure!
St. Louis Cardinals fan, Mom of one daughter and one son, and Insurance Agent!
Direct Phone – 913-754-3836
Lexi started at MAX in June of 2016, and has 3 years of experience in the insurance industry. Lexi enjoys spending time with her husband, two children under two, and Chihuahua/Beagle mix Ted. Lexi and her family are big St. Louis Cardinals baseball fans and travel to see them whenever they can. She also works with students of the University of Kansas (KU) as her husband is a campus pastor there.