Do I need car insurance as a student?
Everyone who owns and drives a car is required by law to have car insurance, and this also applies to students who take their car to university. If you already have car insurance before you head off to study away from home, you should update your policy with your new term-time address, and list your occupation as a student.
If you’re caught driving a vehicle you’re not insured to drive, you could face a fixed penalty of £300 and six points on your licence, as well as your car being clamped, seized or even destroyed. If the matter is referred to the courts, you could be given an unlimited fine and disqualified from driving.
Why is car insurance for students so expensive?
Whether you’re already a uni student, or a 17-year-old driver, running a car is going to be expensive.
The reasons for this include:
Age. Insurance providers know that young drivers, the group that students are most likely to belong to, are more likely to have accidents, so the cost of premiums in the first few years is going to reflect that risk.
Lack of no-claims discount . As a young driver, you won’t have had time to build up a no-claims discount. Once you do, it can help reduce your car insurance premiums.
Where you live can also affect your insurance premium. If you live in a big town or city, if you leave your car parked overnight on the street, or you live in an area where car crime rates are high, the risk of something happening to your car is higher, so your premium probably will be.