Auto insurance, a legal requirement in most states, provides financial protection for drivers and their vehicles in the event of an accident. For college students, who may be driving older cars or have limited driving experience, auto insurance is particularly important.
Student auto insurance policies typically include coverage for liability, collision, and comprehensive damage. Liability coverage protects the policyholder from financial responsibility for injuries or property damage caused to others in an accident. Collision coverage pays for repairs to the policyholder’s vehicle if it is damaged in a collision with another vehicle or object. Comprehensive coverage provides protection against theft, vandalism, and other non-collision events.