Finding Reliable Auto Insurance for Teen Drivers
It's no secret that teaching a teenager to drive a car is usually a stressful experience that's usually only paled by the reality of a teen finally getting their license and navigating the busy roadways. Among the many considerations for parents include making sure the teen knows the rules of the road and how to operate a motor vehicle safely. Factor in the costs associated with finding a safe and reliable vehicle for the teen and adding the extra cost of insuring the new motorist to an already existing car insurance policy and the stress increases exponentially.
So, once the driver's training courses are completed and the new driver is ready to hit the road, how do you manage the additional costs of having a new driver?
Once you have determined the vehicle the teen will drive, add the new driver to your insurance policy. Ask your insurance representative about student driver discounts, as most major auto insurance providers offer some sort of discount for student drivers, generally based on scholastic performance.
Good Grades Count
Is your teen driver a stellar student? Having a great grade point average (GPA) won't just help your teen driver with their scholastic and career pursuits, it can also help when it comes to getting a discount on an auto insurance policy. Having a teen driver who has a GPA of 3.0 or higher will generally qualify him or her for this discount. High SAT and ACT scores qualify too. Keep in mind that most insurance carriers extend this discount based on the teen's current grades and the agreement and discount will only apply if the student continues to achieve good grades. Incidentally, statistics show that students who have good grades are also more inclined to drive safer, which is likely why more insurance providers are extending this discount to consumers.