Many teenagers look forward to the day when they get their driver’s license. The new-found independence means no longer having to rely on mom or dad to get to school and around town. For parents, this life milestone typically means changes to their auto insurance policy, usually in the form of higher premiums. Fortunately, there are ways to reduce what you pay for coverage, and here are several to keep in mind. 

4 Tips For Lowering Auto Insurance Rates With Teen Drivers

1. Encourage Good Grades

If your teenager is earning good grades in high school or college, you could qualify for a discount. Some auto insurance providers reward teen drivers for high GPAs. By providing proof of a transcript, you could see a decrease in your monthly or annual premiums. Encourage your child to maintain good study habits so that you can continue to receive discounted coverage when you renew.

2. Choose a Safe Vehicle

Auto insurance providers also consider the type of vehicle your teen will drive. If you’re planning to buy a car for your new driver, find one with a strong safety record. The Insurance Institute for Highway Safety (IIHS) provides ratings on safety features and crash protection for a wide range of vehicles. Sports cars and newer models will generally increase your premiums more than used cars with proven safety systems. An experienced insurance agent can offer recommendations.

3. Enroll in Driver’s Ed

Teen drivers who enroll in a driver’s education course could also positively impact your coverage. If your child’s school offers the class, encourage them to sign up. There are also private companies that provide driver’s ed and defensive driving courses. Check with your auto insurance provider about the class to ensure it meets their eligibility requirements. Upon successful completion and submission of proof, you may qualify for reduced premiums. 

4. Emphasize Responsible Driving

Discuss the importance of obeying traffic laws and avoiding tickets and other infractions. Tell your teen that auto insurance companies review driving records when determining rates. As a result, encourage safe, text-free, and undistracted driving. Maintaining responsible habits on the road now can not only help you get lower rates, but it also provides a solid foundation for when your teen secures separate coverage in the future. 

With a bit of preparation, you can reduce your auto insurance payments if a teen driver is added to your policy. Financial Strategies Group DBA Arlene Lear Insurance is committed to finding all the discounts you’re eligible for. Based in Bolivar, MO, the professional and experienced team of agents provides top-notch personalized service and protection designed to fit your budget and driving needs. For free insurance quotes, call (417) 777-3000 in Bolivar or (417) 754-8377 in Humansville. Visit the website for information on coverage options, including life insurance.