Insurance Considerations for New Graduates: From Dorms to Apartments
- Boone Ritter Insurance
- May 15
- 2 min read
Graduating? Here’s What You Need to Know About Insurance
Graduation is an exciting time filled with new opportunities, responsibilities, and independence. Whether you're moving into your first apartment, starting a new job, or buying a car, making sure you have the right insurance coverage is an important step toward financial security.
At Boone Ritter Insurance, we help new graduates transition smoothly by making sure they have the proper protection in place. Here’s what every graduate (and their parents) should know about insurance.
Auto Insurance: Are You Properly Covered?
If you’ve been on your parents’ auto insurance policy, now is the time to determine if you need your own coverage. Factors to consider:
Are you moving out of state? Auto insurance requirements vary by state, so you may need to update your policy if you’re relocating.
Are you buying your first car? Make sure you have the right level of liability, collision, and comprehensive coverage.
Can you get discounts? Many insurers offer discounts for good students, safe drivers, and policy bundling.
If you’re unsure about the best auto insurance policy for your situation, Boone Ritter Insurance can help you compare options and find an affordable plan.
Renters Insurance: Protecting Your New Home
Many new graduates move into apartments or rental homes after finishing school. Did you know that your landlord’s insurance does not cover your personal belongings? Renters insurance is an affordable way to protect your furniture, electronics, and valuables against theft, fire, and other unexpected events.
Renters insurance covers:
Personal property: Protection against theft, fire, and certain types of water damage.
Liability coverage: If someone is injured in your apartment, renters insurance can help cover legal and medical costs.
Temporary living expenses: If your rental becomes unlivable due to a covered event, renters insurance can help with temporary housing costs.
With plans starting at just a few dollars a month, renters insurance is a smart investment for any graduate.
Health Insurance: What Are Your Options?
After graduation, you may no longer be covered by a student health plan. Here are your options:
Stay on a parent’s plan: If you’re under 26, you may still be eligible for coverage under a parent’s health insurance.
Employer-sponsored plans: If you have a new job, check if your employer offers health benefits.
Marketplace insurance: If your job doesn’t offer health insurance, explore plans on the Health Insurance Marketplace.
Health insurance is essential for protecting against unexpected medical expenses. Boone Ritter Insurance can help you find a plan that fits your budget and coverage needs.
Life Insurance: Should You Get It Now?
Life insurance may not be a top priority for new graduates, but getting coverage early can be a smart financial move. Policies are typically more affordable when you’re young and healthy. If you have student loans or financial dependents, life insurance can provide added security for the future.
Boone Ritter Insurance offers a variety of life insurance options to fit different needs and budgets.
Start Your Next Chapter with Confidence
Graduating is a huge milestone, and securing the right insurance coverage can help you transition smoothly into your next phase of life. Boone Ritter Insurance is here to help you navigate your options and find policies that fit your lifestyle and budget.
