Q: My son will be turning 16 soon. What types of cars will be the most economical to insure for him and what can I do to lower the rates?
A: As you have found out, insuring a teenager is expensive. Some cars are less than others to insure for your teenage driver. In general, sports cars and sport-utility vehicles are the most expensive to insure for young drivers. Look for cars that have anti-lock brakes, airbags, and anti-theft devices. To find safety ratings on specific cars, go to the Insurance Institute for Highway Safety’s website. While shopping around for insurance, ask the insurer about good grade discounts. Students on the honor roll can often get a 10% -25% discount. Educate your child about the importance of keeping their driving record free of tickets and accidents. Check with your insurance company if additional discounts are available for teenagers that take accredited driver education safety courses.