Insurance 101 for New Grads: What You Need to Know

Graduating college is a huge accomplishment — congrats! Whether you’re landing your first job, getting your own place, or shopping for a car, “adulting” brings a whole new set of responsibilities, and one of the biggest is protecting yourself with the right insurance coverage.

At Cushman Insurance, we know insurance can feel overwhelming, especially if it’s your first time buying it. That’s why we’re breaking down the basics of what you need—and how to keep it affordable.

1. Renters Insurance: Why You Definitely Need It

So you just signed a lease on your first apartment — exciting! But here’s the part many renters overlook: your landlord’s insurance only covers the building, not your stuff.

Renters insurance protects:

• Your belongings (laptop, clothes, furniture) from things like theft, fire, and water damage

• Liability if someone gets hurt in your apartment

• Temporary living expenses if your place becomes unlivable
  

Good news? Renters insurance is super affordable! Most plans cost less than $20/month. It’s a small price for big peace of mind.

2. Auto Insurance: The Basics for Budgeting

If you’re driving a car, whether you own it or it’s in your parents’ name, you need auto insurance. But not all coverage is created equal.

Here’s a quick breakdown:

• Liability coverage (required by law) pays for injuries or damage you cause to others

• Collision coverage pays for damage to your car in an accident

• Comprehensive coverage covers non-crash events like theft, vandalism, or hail
  

Tips to save:

• Stay on your parents’ policy if you can (and they’re okay with it)

• Ask about good student or safe driver discounts

• Consider a higher deductible if you have emergency savings

• Bundle renters + auto with the same insurer for a discount
  

3. What You Actually Need (And What You Don’t)

Budgeting is key after graduation, so don’t overpay for coverage you don’t need. But don’t skimp on the basics either.

Ask yourself:

• Do I have roommates? Make sure your renters insurance covers shared spaces.

• Is my car financed? Lenders may require full coverage.

• Do I work remotely? Your home setup might need extra protection.

• Do I freelance or have a side hustle? You might need extra liability coverage.
  

Our team at Cushman Insurance can help you sort through what you really need based on your lifestyle and budget.

Start Smart, Stay Protected

Insurance might not be the most exciting part of post-grad life, but it’s one of the smartest. Taking a few minutes to set up the right coverage now can save you thousands, and a ton of stress, down the road.

At Cushman Insurance, we specialize in helping young adults like you make confident, budget-friendly choices. We’ll walk you through every step and explain your options in plain English — no jargon, no pressure.

Ready to get started? Give us a call or stop by! We’re here to help you protect what matters most as you start this next chapter.