Give yourself the gift of saving money by following these tips to lower the cost of your teenager’s car insurance:
- Enroll your teenager in a driver’s education course.
- Make sure your teens do their homework to qualify for what’s called a “good student discount” – a grade point average of 3.0 or better.
- Add your teenager to your existing auto insurance policy. You just might get a further discount.
- Adjust your insurance policy to a higher deductible. This will help lower your monthly car insurance payment.
- Pick the right type of car for your teenager to drive. That means no sports car! Make sure the car has safety features such as ABS and air bags.
- Do your homework and shop around for the lowest price possible. If the price of the insurance policy seems extremely high, get a second or third quote.
