Vehicle insurance for your college bound child

Many of our children go to college far away from home and they take their vehicle with them. Regardless whether they stay in a dorm or an apartment near college there are few things you need to know about auto insurance for your child’s vehicle.

If your child doesn’t have a vehicle while attending college, you may consider removing your college bound child from your auto policy to reduce your premium. However, before you take this step consider few factors. Your child may borrow someone else vehicle for a quick trip to a store or may ride with a friend who has a vehicle. In an unfortunate accident, if your child is no longer covered under your policy and your child is liable for any injury or damage, or your child is uncompensated for his or her own injuries, you have no coverage. On the other hand, when your child come home for vacation and uses your vehicle you need coverage for that. If you are faced with a situation whether to remove your child from your auto policy, contact your agent before taking any action.

If your child takes his or her vehicle to college, review your existing policy for appropriate coverage.

BMW 328i

328i is a sports car disguised as a family hauler. It is an upscale, four-door sedan and has been recently updated to include latest BMW innovations.

This is a rear wheel drive 2.0-liter in-line 4 that produce 240 hp. It also comes with 8-speed automatic transmission. It is estimated to deliver 23 city, 33 highway and 26 combined miles per gallon. Antilock disc brakes, front side and side curtain air bags, front knee air bags, and stability control are standard features. It is rated “good” (top safety pick) by IIHS.

BMW 3 series has been a hallmark since 1975. The revamped 2012 is its sixth generation and has larger body and a new face. Earlier models came in with 4-cylinders and newer model comes in with smoother in-line 6. The turbocharger with stop/start feature claims more fuel efficiency. It comes in with 6-speed manual or 8-speed automatic with no extra charge. The handling is what you expect from a BMW and 328i will not disappoint you in this regard.

Pricing of the 328i may be an issue. Options and packages could drive up the price beyond $50,000. Future owners may want to stick to the basic in order to stay away from the sticker shock.