Insuring College Students

August 9, 2016

College Driver

Over the next few weeks, thousands of students in Illinois will be headed to college. Whether your child is starting college for the first time or heading back to school for another year, they can never be too prepared.



Auto Insurance

It's tempting to remove your college student from the family auto policy in attempt to save some cash. However, removing your student can often be more costly since it's generally more expensive for college students to take out a separate auto insurance policy. If you plan to let your college student take a car you own to school, you'll likely want to keep them on your family policy.

Personal Property Insurance

If your child is living in a dorm room on campus -- and you have renters or a homeowners policy -- then your insurance policy may cover their personal belongings up to a 10 percent limit of your personal property coverage. If your renters or homeowner's policy has a limit of $100,000 for personal property, then there would be up to $10,000 in coverage (subject to your deductible) for your child's personal property.

Living Off Campus

If your student is living off campus (either alone or with roommates), then consider a separate renters policy. This will cover personal property and provide liability coverage should a visitor suffer an injury. Renter's insurance policies are usually very affordable.

Source: Insurance Information Institute www.iii.org

We Can Help

Insurance is never a "one-size-fits-all" type of product. Contact us to discuss how to best insure your child, whether they live on or off-campus. Here's to a great school year!

Want to find out more about your Homeowner Insurance options?


More From This Week

Lighting Bolt

Why Worry About Thunderstorms?

Are you prepared for the possibility of lightning, hail, tornados or straight-line winds?  More »

School Bus

School Bus Safety Tips

Whether your child rides a school bus daily or just for special activities, be sure to discuss the importance of following these safety tips. It could save their life.  More »

IIHS Family Van

Insurance Institute for Highway Safety's Top Safety Picks for 2017

Each year the Insurance Institute of Highway Safety names its top safety picks. See if your vehicle made the list.  More »

Family Grilling

Grilling Safety

With summer now in full swing, more barbeques are taking place resulting in an increase in grilling accidents.  More »

Our Insurance Partners

Trusted companies like

Safeco Insurance

Get a Homeowner quote And start saving money today!

We can find discounts on homeowner insurance you may not find on your own. Give us a call, or get a homeowner insurance quote online today.

Lombard Homeowner insurance

Umbrella Policies Get additional loss protection

Your current insurance may not cover you fully in the event of a catastrophic loss. Learn more.

Bookmark Our Mobile Site visit m.insurancegroupusa.com

Information you need, when and where you need it most. More »

We're Your Trusted Choice

Trusted Choice logo As a Trusted Choice agency, we are dedicated to treating you as a person, not a policy.