Minneapolis

Most insurance companies will charge more for a turbo engine if the VIN identifies it as such — since it has more power and speed, the risk of a claim is going to increase. The same goes for luxury or modified vehicles.

There's a couple of things to look at here. Any grace period would depend on the exact policy details of your current policy.

Technically, if you have the vehicle registered then it's supposed to be insured, regardless of whether or not it's being driven. If you are wanting to remove insurance from a vehicle you're supposed to return the registration tags to your local registration office.

There is no way to say for sure outside of asking your specific insurance company. Most insurance providers that offer good student discounts have stipulations that may make you ineligible due to your age or the fact that you aren't covered on your parent's policy.

Your company may allow you to make up the payment, but there will likely be some type of fee involved with reinstating your policy because of the lapse in coverage. Unfortunately in most states, insurance companies aren't legally obligated to offer a grace period so that would be up to your specific carrier.

Driving records follow each individual driver. When multiple drivers are covered by the same policy then each driver's record will impact the total cost to insure them.