Car insurance can be very expensive for young drivers who have little experience behind the wheel and therefore present a claims risk to insurers. However, there are ways to keep the premiums affordable. Lafever Insurance Agency in Cookeville, TN, outlines below some of the best ways to minimize auto insurance costs for your teen driver.

How to Reduce Car Insurance Premiums for Your Teen

1. Choose an Older Vehicle

The cost of auto premiums is largely affected by the type of car being insured. To minimize costs, have your teen drive an older, less expensive vehicle instead of your brand-new, four-wheel-drive SUV or luxury car.

2. Complete a Safety Course

Many insurers offer discounts for drivers who have completed a state-approved driver safety course. Some of them can even be completed online. Ask your agent how much you can save if you enroll your teen in one of these.

3. Bundle Coverage

Insurers like to encourage families to purchase multiple policies with them instead of buying through multiple providers. Therefore, you will typically pay less if you bundle your teen's car insurance policy with your own instead of having him or her buy it separately.

4. Get Good Grades

Insurers have found a correlation between students who get good grades and those who drive responsibly. Because of this, many offer premium discounts to young drivers who maintain a B average or who have made the honor roll or dean's list. Ask your agent how to qualify for this type of discount.

5. Ask About a College Driver Discount

If your teen is away at college and does not have everyday access to a vehicle, your insurer might drop your premium rates. Depending on the insurer, your child may have to live 50 or 100 miles away from home to qualify.

The tips above should help you save money on car insurance for your teen driver. To discuss your options, contact Lafever Insurance Agency in Cookeville, TN. They specialize in young driver insurance and SR-22s for risky drivers, and they will not turn any licensed driver away. Call (931) 526-3377 for more information or to request a car insurance quote.