Tips for Insuring a Young Driver

Putting your family's newest driver behind the wheel is one of life's stressful transitions. And on top of any worries about your bumpers, the car insurance payments can be sobering. Fortunately, there are several strategies you can employ to keep your premiums as reasonable as possible.

• Have your future driver attend an approved driving school. Many insurance companies offer a discount to teens who have attended and passed courses from approved schools.
• Student drivers who maintain at least a B average or a 3.0 point grade average in school often qualify for a Good Student Discount.
• Remind your new driver that maintaining a spotless driving record and paying for any minor damages him- or herself will result in the lowest rates over time.
  
• Choose carefully the type of car that your new driver will use. The bigger the size of the engine, the higher the rate. Avoid anything sporty and fast, and buy used, not new.
  
• The higher the deductible, the lower the premium. Choose the highest deductible you feel it is feasible to absorb.
  
• Comprehensive insurance is more expensive than a more pared down policy. If your car is an older one, consider just buying collision.
  
• Consider "piggybacking": premiums are often lower if young adults are covered in a rider on their parents' policy.