Insurance Tips for Students

Last updated: 25th May, 2012

New students often don’t think about insurance. However, given the need for students to move between a range of properties and areas, as well as the high cost of laptops, phones and other valuables during a degree, a theft or accident can be disastrous to a budget.

While it is easy to think that something won’t happen to you, it is worth taking the time to compare contents insurance deals from a range of providers.

Contents Insurance Checking

Before making the move to university, you need to think about the value of the items you’ll be taking to a halls of residence or a student house, and find out how much you’ll need to pay per year to get yourself covered.

Many banks and insurance companies will offer special student rates, although you should try to be as specific as possible about the value of individual items and your living situation. Undervaluing to save money isn’t a good idea, while you need to regularly update your policy if you move house or acquire something expensive.

Think About Safety

Once you have contents insurance, it is important to be as sensible as possible with how you look after your possessions. Caution might range from locking your personal door and window when you go out, to checking with a landlord that all alarms and locks are properly fitted and checked.

Other Forms of Insurance

It’s also worth looking into whether you’ll need to take out a specific policy on a car, motorbike or bicycle when at university. Forgetting to do so can be disastrous, especially if you move to an area with a higher crime rate during the course of your degree. Spending time to compare contents insurance on MoneySupermarket can consequently help reduce these kinds of risks.

By students

Hello! This website has been written by student money experts Save the Student! to give you an overview of student bank accounts and what they have to offer you.

The studentsWe review the benefits and catches of all student accounts so you can make an informed choice and avoid the traps!

By students 2

Video: How to choose a bank account

Search the site

The Essential Student Guide to Finance

Click to download for free!

Get Our Free Student Money Tips: