How Do You Reduce Your Teen's Auto Premiums?

The end of May marks the end of the school year for teenagers, and they'll be looking for things to do during summer break.

Teen driving will be a common element whatever activities they choose, so you'll want to be certain they're insured...but how do you do that without breaking the bank since they're considered high-risk drivers?
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 Here are 5 strategies that can potentially lower your auto insurance premiums if you have a teenage driver.

Good grades: Many insurance companies offer discounts to students who maintain good grades. Provide the necessary documentation to the insurance company to qualify for this discount.
 
Driver's education courses: Completing a driver's education course recognized by your insurance company can often result in reduced insurance premiums. These courses can also help young drivers become more responsible, better drivers, and less apt to get into accidents.
 
College Bound:  If your teen is going to college that is a certain minimum distance from your home and they're not taking a vehicle, this could possibly reduce your premium since he/she won't be driving your vehicles but on infrequent occasions.
 
Car choice: The type of car your teenager drives can significantly impact insurance costs. Consider choosing a reliable used vehicle with good safety ratings because they tend to have lower insurance premiums.
 
 Deductibles: If you can afford the financial risk, you can raise your deductibles on your auto policies, which typically lowers your premiums.
 
 And the most important of all - Independent agent: Use an independent insurance agent who can research quotes from multiple insurers.  Review the coverage options each offers and choose the one that will protect you, your teen, and your finances the best.