As a student, you’ve left home and moved into your own place to start or continue your university studies. Whether you’re renting, sharing a room, living with a friend or in a dormitory, it’s important to protect yourself against a possible loss. Taking out a home insurance policy for students is the best thing to do. But how much does it cost to get insurance? How to find the cheapest insurance and get a good deal? We explain!
How much does a student home insurance cost?
The price of an insurance depends on several parameters:
- The surface of the accommodation
- The number of rooms,
- The existence of an outbuilding
- The number of occupants in the accommodation
- The characteristics of the property: age, occupants, surface area, number of rooms, outbuildings
- The climatic risks
- The value of the property of the occupants
It is according to these factors that the companies fix the rate for their home insurance. But if you want to have an overview of the rates, you can find student home insurance starting at 1.5€ per month. It’s up to you to choose the one that fits your needs and your home.
Tips for finding cheap but reliable insurance
With all the offers available, finding the best insurance is not at all easy. To help you make the most of your savings, here are some tips:
- Make the same choice as your parents: it is a very advantageous solution for you, because very often the insurance companies propose ultra competitive prices in order to increase their customer portfolio while keeping the parents.
- Choose the right guarantees: in order to make a good deal, do not subscribe to all the guarantees. The best thing for you is to choose the ones you really need. That way, you won’t have to pay for unnecessary options. But remember, it’s your property and your home. So, if you can pay more to make sure you are well compensated in case of an incident, then don’t hesitate.
- Check if there are any special privileges for students: some insurers often offer services or assistance for students. For example, the payment of compensation after a claim can be made more quickly than with traditional contracts, because students’ cash flow is often more limited.
- Be a good negotiator: to get cheap and reliable insurance, don’t be afraid to negotiate the terms of your contract. If the insurance company wants to keep you in the company and your demands are reasonable, they will listen to you.
- Get several quotes: don’t hesitate to compare several quotes before choosing your insurance. This will allow you to choose the company that offers a policy that fits your budget.
- Subscribe online: many student home insurance offers are available online and insurers often offer preferential deals. By using an online comparison tool, you increase your chances of finding a policy that suits your profile and your budget. On top of that, subscribing online is quick and easy
The documents you need to apply for student home insurance
To subscribe to a student home insurance, you must present the following documents :
- A copy of your identity card
- A proof of your schooling;
- A bank account number (RIB), for direct debits and to be reimbursed in case of non-payment;
- A copy of your identity card;
If you are a tenant, you must provide a copy of the signed lease contract.