8. Will the type of car my teen driver uses affect my premiums?
For the lowest insurance premiums, the best cars for teen drivers are minivans or sedans; just say “no” to sports vehicles and new cars. Also, look for safety features like automatic seat belts and daytime running lights.
"Parents often want to be nice to their kids or reward them for good grades by surprising them with a new car," says Webber. "But sometimes, a little bit of common sense helps too. Just buy an older, safe car."
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?