Your new teen’s driver’s license might be the highlight of their life, but, for you, it means higher insurance rates. Your auto insurance company will require every licensed driver in your household to be listed on the policy. While the cost to add your new driver can be steep, there are a few things you can do to help keep costs down. The experts at Chanler Agency in Geneseo, NY, share three tips to manage the cost of adding a teen to your insurance policy.

3 Tips for a Lower Auto Insurance Rate for Your Teen Driver

Choose a Safe Vehicle

When purchasing a vehicle for your teen, consider choosing one that is listed on the International Institute for Highway Safety’s list of top safe vehicles. With a safer car, you’ll stand a better chance of getting a lower auto insurance rate. If your family already owns several vehicles, assign your new driver to the one that is most affordable to insure. That way, if an accident does occur, it won’t affect the higher priced vehicles.

Encourage Good Grades

Students who are doing well academically will receive a discounted rate, even though there isn’t always a direct relation between driving and grades. The student must maintain a “B” average to benefit from this discount.

Monitor & Enforce Good Driving Habits

Installing a monitoring device on the vehicle or your teen’s cellphone is sufficient enough for some insurance companies to go easier on their rates. Insurers view these devices as something that will help teens prevent accidents. For example, the device can be configured to send notifications to the parents if the teen is driving too fast, not wearing a seatbelt, or any other unsafe activity.

The cost of adding a new teen driver to your auto insurance policy is worth the level of protection you’ll receive in the event of an emergency. Following the above advice, however, should help keep costs to a minimum. If you’re looking to insure your new driver, look no further than Chanler Agency. This family-owned agency has been providing first-rate insurance services to the Geneseo area since 1973. Call them today at (585) 243-5520 or visit them online to learn about their personal insurance options.