For most teenagers, learning how to drive is a much-anticipated milestone. With a license in hand, relying on parents or the bus to get around is less of a priority. For parents, the transition can be a bittersweet mix of excitement, concern, and uncertainty about how much their auto insurance premiums will increase. The encouraging news is there are ways to lower your rates if you have a teen driver.

How to Reduce Auto Insurance Rates With Teen Drivers

1. Complete a Driver Safety Class

You may be able to lower your premiums if your teenager successfully completes a driver safety course. Check with your auto insurance provider first about approved programs and how much of a discount you will be eligible for. 

2. Maintain Good Grades

Many auto insurance companies will reward high school and college students who earn good grades. Maintaining a solid GPA could make you, the parent, eligible for a reduction in your monthly or annual coverage rates. Students need to provide an official transcript.  Each time you renew the policy, you’ll likely still qualify if your teen driver continues to earn exceptional grades. 

3. Purchase Safer & Older Vehicles

If you plan to buy your teen a vehicle, strongly consider makes and models that have known safety records. Start your search with the Insurance Institute for Highway Safety. You’ll find ratings on a wide range of vehicles. Older models will typically also cost less to insure compared to newer, high-performance vehicles. 

Celebrate your teenager learning to drive while keeping your auto insurance premiums affordable. For 60 years, Charles Adams Insurance Agency in Ashland, KY, has provided customized and budget-friendly coverage. Serving the Tri-State area, the independent firm will shop for rates from the nation’s leading car insurance companies. You can also count on the professional and friendly agents to identify all teen driver discounts to lower your premiums. Call (606) 325-9709 or visit the website to request a free, no-obligation auto insurance quote.