If your family’s auto insurance policy includes a teenage driver, then you’re probably especially eager to save on car insurance. Teens as a group are deemed high-risk, but according to the Federal Citizen Information Center, there are ways you can find low cost car insurance with a teen in tow.
First, encourage your teen driver to reach his or her potential in school. Many auto insurance companies offer discounts to students who earn high grade point averages. As an incentive, you might offer to spend some of the savings on something for your child or the entire family to enjoy.
Second, if your teen moves away to a residential university, consider removing him or her from your policy. Or, if the car will be mostly stored at school, you might change the student’s status to an “occasional” driver until the summer break. Even if the car is stored on a school lot, it will probably be covered by your auto policy. Let your car insurer know that the car will be stored at another location. If thefts and accidents are low on campus, then there could be an additional reduction in your premium.
Finally, take a defensive driving course with your teen. People who voluntarily complete safety courses may be eligible for car insurance discounts.
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