You are here: Home - Insurance - News -

Shop around for student contents cover

Written by:
Extending parental contents insurance to cover offspring’s goods while at uni can be the most cost-effective solution – but it pays to shop around.

Research conducted by price comparison website revealed that standalone insurance policies can prove very expensive for items like students’ PCs, TVs and other gadgets.

However, some insurers will extend the same level of cover provided on a parent’s policy for children away at university for no extra cost.

Peter Harrison, insurance expert at, said:

“Students gearing up for the start of university may be more focussed on the fun of fresher’s week than thinking about their insurance cover. Whilst it is tempting for students to get carried away with partying and meeting new people, they can be a prime target for theft and burglary. Many will have a number of expensive electrical items which will need protecting; foregoing insurance could prove a false economy.

“It’s vital to take out adequate cover to protect belongings such as iPods, laptops and mobile phones. One way to bring down the cost for this cover is to add students onto their parent’s home contents policy. Parents should be aware however, that any claims made will directly impact their own claims history and potentially result in increased premiums in the future. It is also essential to make sure you read the small print as cover levels can vary from those applied to the existing policy, depending on the insurer.Students may also find it worthwhile looking at providers such as Endsleigh who offer specific student insurance policies.”

By the same token, taking a car to university can be very expensive as the postcodes students live in can heavily affect premiums.

Pete Harrison continued:

“Students need to weigh up the cost of taking a car to university as the change of address could increase their premiums. Additionally, once the costs of running a vehicle are factored in this could mean the total expense of running a car is beyond what many students can afford. Those who do decide to take their cars with them should notify their insurer so they can amend their policy details to reflect their change in living situation. It is crucial students getting behind the wheel shop around for the best car insurance deals to guarantee their money stretches as far as possible.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
What is a Junior ISA?

Junior ISAs are simple and tax free and any child resident in the UK who is not eligible for a...