Insurance admin on 30 Apr 2008
Insurance for Teens
If you are the parents of a teenager who is going to be driving soon, you will want to encourage your teen to get good grades! What do grades and driving have in common? Well, almost all insurance companies offer significant discounts for students who maintain good grades (usually 3.0 and above GPA). This discount is given from the moment you buy auto insurance for your teen if you bring your most recent report card to the insurance agent. Some insurance companies will also give an additional discount to your teen, if they complete specific steps that the insurance company asks them to do. An example of this; both State Farm and Farmers Insurance ask the teen driver to watch a video and complete a questionnaire on the video they watched. State Farm also asks teen drivers to keep a driving record for one month. Once the month is over, they are to discuss the driving record with the insurance agent.
These are just a couple of suggestions to help keep the cost of insuring teen drivers down. In addition to keeping the costs down, there are many other advantages of maintaining good grades!