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As freshers gear up for university life, managing car insurance policies is a critical aspect of their new-found independence.
For students that share a car with parents or family members, understanding the implications of their actions on these policies is key.
The experts at InsureDaily.co.uk are helping students avoid invalidating their car insurance. They have provided essential tips to help them navigate their insurance policies effectively, while also highlighting why temporary insurance might be the most suitable option for those moving away from home.
Paul Daly, Director of InsureDaily.co.uk, explains: “University students often find themselves in unique situations when it comes to car usage. They may only drive their family cars during short-term home visits, or perhaps join a car-sharing scheme with fellow students. This type of usage calls for a thorough understanding of how car insurance works. One major point is that standard, long-term insurance policies may not provide the flexibility that these students need.
“Students visiting home for the holidays, for instance, don’t need to be insured on their parents’ vehicles all year round. This is where temporary car insurance becomes a viable, cost-effective solution. It provides tailored coverage only for the duration it’s needed, making it a smart choice for students.”
Here are six key tips for students to ensure they don’t void their car insurance:
1. Change your address
Moving to university often means a change of address, and this can impact your car insurance policy. Car Insurance premiums are partially determined by where the car is kept or parked, so if you’re bringing your car to university, your insurance provider needs to be aware. Failing to report accurate information can lead to your insurance being invalidated – as a claim may be considered fraudulent.
2. Park sensibly
Your insurance policy includes a stipulation about where your vehicle should be parked, typically a driveway or a garage. If your car is damaged or stolen from a different location than what is listed on your policy, your insurance claim may be refused. Therefore, you must always park your vehicle at the home location stated in your insurance policy.
3. Make sure you’re the named driver
If you’re the primary driver of a car, you must be the policy’s named driver. ‘Fronting’ is where a low-risk driver such as a parent is declared as the main driver on the policy to lower premiums. This is considered insurance fraud and if you’re caught, not only could your insurance be voided, but you could also face penalties and difficulties in obtaining insurance in the future.
4. Stay sober
Driving under the influence of alcohol or drugs is illegal and endangers lives. If you’re involved in an incident while impaired, your insurance will be void, and you will face serious legal consequences. Always plan for an alternative mode of transport if you’ve been drinking.
5. Consider temporary insurance
Temporary or short-term car insurance can be a lifesaver for many students. It provides coverage for the specific period you’re driving the car – whether for a single hour or a whole week. This option is perfect for students who use their family car during university holidays, ensuring that they’re adequately covered whilst also preserving their parents’ no-claims bonus.
6. Car sharing with other students
Car sharing is a cost-effective and eco-friendly solution for university students. If you plan on sharing driving responsibilities with friends, each driver should be named on the insurance policy. This protects everyone in case of an accident and helps avoid complications with the insurance provider.
