When you are a student, finding ways to save money becomes especially important. Your insurance needs might include auto insurance or renters’ insurance, or maybe even life insurance, particularly if you have student loans.

– Earn good student discounts. Many insurers offer discounts on auto insurance for good grades. You will need to send your transcripts once or twice per year, but the savings can be worth the extra effort.

– Consider a defensive driving course. Some insurers also offer a discount on auto insurance for completing an approved defensive driving course. Just reach out to your agent or broker to find out if your insurer offers this discount or a similar one and which courses are approved.

– Keep an eye on your credit. Your credit history can affect more than just your interest rates. Some insurers also consider your credit score when establishing insurance rates for auto or home insurance, including renters’ insurance. A healthier credit history often results in more affordable insurance rates.

– Mind your driving. Moving violations and accidents can be costly in more ways than one. Drivers with a clean driving record often pay less for coverage. Besides, driving carefully is safer — and it is tough to put a price on your own safety and the safety of others.

– Combine coverage, if possible. In many cases, you can earn a discount for buying auto and renters insurance from the same insurer. In some cases, there may even be a discount for buying life insurance as well. The latter can be especially important if you have student loans. Just ask your agent or broker which discounts may be available and how you can qualify.

– Get a quote before you buy a vehicle. If possible, get a quote from your agent or broker before you purchase a new or used vehicle. Some vehicles can cost more to insure, which means a car with a lower price tag may cost more in the long run. Insurers consider theft rates, repair costs, safety features, and accident severity when rating your vehicle.

– Discuss your coverage needs with your agent or broker. It can be tempting to run with minimum coverage on an older car, but in some cases, full coverage may be the wiser choice. With the help of a few discounts, you might be surprised at how affordable it can be to insure your car fully. Review your coverage options with your agent so you can make a better-educated decision.

In some cases, you may be able to stay on your parent’s insurance policy. However, this often depends on who the vehicle is registered to and where you live. If you can stay on your parent’s policy, you might qualify for additional money-saving options, such as multi-vehicle discounts or student away from home discounts.

Whether you have your own policy or plan to stay on your parent’s policy when in school, reach out to your agent or broker to learn your options. Chances are good that there are some ways to save money on your insurance.