Graduating and Heading Off On Your Own? Make Sure You're Covered!

Whether you're graduating from high school and going off to college, or graduating from college and heading into the business world, big changes are inevitable. This is even truer if you are leaving your parent's home and heading off on your own.

While the exhilaration of being independent and the freedom that comes with it is great, there is a corresponding increase in your responsibilities, too. You need to find -- and pay for -- a place to live. Then you will probably need to furnish it, feed yourself, clothe yourself and keep your car in good running order, as well as other expenses. But, don't forget insurance!

Auto Insurance

First, you must have liability insurance. It's required by the state and pays to fix the vehicle of anyone you might hit or to fix property that you might damage in an accident. Liability coverage fixes the other person's car.

If you want your car to be covered then you'll need comprehensive and collision coverage. This is sometimes called "full coverage". It costs a little bit more but protects your vehicle. You'll be required to have this if you are paying off a car loan.

Auto insurance policies are typically for six months. You can pay in full or make monthly installment payments, but you always want to make sure your insurance is paid on time. If not, you run the risk of not being covered if you have an accident. (You'll not only be on the hook for repairs, but you'll get a no-insurance ticket, which can get very expensive!)

Renters or Homeowners Insurance

You're moving into a place you'll call home, whether it's an apartment, condominium or house. You have electronics, furnishings and other valuables that you are now responsible for. Whether you rent or own, if you get burglarized, there's a fire or other damage, if you're not covered you lose it all! Some policies will even pay for you to live in a motel for a time while your place is being repaired if it is uninhabitable.These policies also cover belongings left in your vehicle that are damaged or stolen, whereas auto insurance will not.

While it's another expense each month, renters or homeowners insurance will come to your rescue should these unfortunate things occur. Rates are quite reasonable, too.

Keep Your Costs Down

How can you lower your insurance cost? Having a good credit score, not getting into an accident, and having regular insurance reviews will keep your cost manageable. Let our agency work with you to create an affordable plan that will protect you while also giving you the most bang for your buck.

Going off on your own is daunting enough. Don't leave yourself vulnerable to financial setbacks when you're just getting started. Insurance coverage protects you from the unforeseen events that can cost you dearly.

Give SAV-ON a call at 888-867-2866 to get started today!