Students are an important class of customers for insurance companies though a notch riskier than the usual car owner

Several factors distinguish the student community, which is offered specific student motor insurance policies.

Decisive factors for student motor insurance

Age – Age is crucial, the younger the drivers, the more inexperienced they are, which directly translates into more and bigger risks.

Driving record - A clean driving record presents you as a low risk and safe driver.

Claim history - A check of your claim history helps ascertain the level of risk you present to the motor insurance company.

Vehicle - The type of vehicle you own is considered. For e.g. a regular family car will be cheaper than insuring an expensive sports car.

Care of the car - Issues such as how you park the car in the night is important, if it is a covered car park such as a garage, the premium will be lower as compared to open, unsafe parking.

Types of cover for student motor insurance

The types of cover available for student motor insurance as good as regular motor insurance. These are -

Comprehensive cover
Under this type of cover you can place a claim for any damage caused to your car under any circumstances. As a rule all insurance policies have exclusions and will not cover for every single thing you might incur a loss for. Comprehensive cover includes damage to others in person or property.

Third party (inclusive of Third party Fire and Theft)
This policy is essentially meant to ensure other people's safety on the roads you drive on. Third party insurance is a mandatory requirement by law and covers your liability to others only.