Also you may want car insurance to cover the car in case of an accident. Although collision coverage is option, it would be required by your bank if you have financed your car through them. Even if an accident is your fault, this type of coverage will handle costs associated with fixing your car once you have paid your deductible amount. If an accident is the fault of another driver, your insurance company will seek repayment from the other driver for the costs of damage to your vehicle.
To save money, you can have a higher deductible to reduce the amount of your premiums. Also some insurance companies will provide discounts for clients who have successfully completed a defensive driving course recognized by your state’s Department of Motor Vehicles. Good Student Discounts may also be possible for people who have good grades in high school or college.