6. How can I minimize the insurance costs of a teen driver?
To lower your child's insurance costs, seek a good-student discount for teens with a 3.0 or higher grade point average. Farmers Insurance says it offers a 25 percent discount for good students.
You may be able to get other discounts -- typically about 5 percent to 20 percent -- if your teen takes a defensive-driving class or has a vehicle with special safety features, like air bags, anti-lock brakes or a security alarm system.
If your teenager only uses the car sporadically or perhaps to drive to and from a weekend job, also ask whether your insurer offers a low-mileage discount.
Pages in this slideshow:
- Top reader questions about insurance for teen drivers
- 1. When do I have to add my teen to my insurance -- when he or she gets a learner's permit, or a driver's license?
- 2. Can my insurance company force me to add my teen to my policy even though I don't allow him or her to drive yet?
- 3. Is it cheaper to put my teen on his or her own policy, or on the family policy?
- 4. If my teen isn't on my insurance and crashes the car, is the damage covered?
- 5. When do auto insurance rates for teens start to go down?
- 6. How can I minimize the insurance costs of a teen driver?
- 7. How much will my rates go up if my teen crashes or gets tickets?
- 8. Will the type of car my teen driver uses affect my premiums?