A student is considered an occasional driver
When your child returns home from school—whether it’s for a weekend or the winter break—they are still considered an occasional driver of your vehicle. That means they still need to be covered under your insurance policy if they will be driving when they’re home.
See if your insurance provider offers a discount for students. RBC Insurance, for example, offers a student away from home discount when the driver is registered as a full-time student at a recognized college or university located more than 150km from your home.
When your child takes a car to school
If your child is taking a vehicle to school, they will need to have their own car insurance policy. Many insurance providers offer a student discount, and RBC Insurance offers a discount for students under 25 years of age who are enrolled full-time at a recognized college or university in Canada. Keep in mind that their driving record, the type of vehicle they drive and how much they drive will affect their insurance premium.
Tip: Remind your student about the risks of lending their vehicle to a friend. Because car insurance follows the car (not the driver), they could be liable in the case of an accident.
Does your student have medical coverage?
Also be sure to check your company’s medical benefits to understand whether your child has health coverage while away at school. Dependents are usually covered up to at least age 25 while full-time students—but it can’t hurt to make sure they have all the coverage they need for the upcoming school year.
To find out if your car insurance policy still meets the needs of your family, speak with an RBC Insurance advisor. He or she can ensure you have adequate coverage, and that you’re taking advantage of all the discounts and options available to you.
Next Steps
Get a car insurance quoteContact an RBC Insurance AdvisorLearn more about car insurance
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Source: http://docphy.com/business-industry/personal-finance/insurance/car-insurance-full-time-student.html
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