Teens and Insurance

For teens, there is no such thing as cheap car insurance, but you can make things easier.

Find crash-test results online at www.nhtsa.gov and injury data at www.hldi.org. Buying in cash means you don’t need collision coverage. Limit privileges to one vehicle: if a teen drives two or more, the insurer will pin the rate to the highest-value car. If that vehicle’s model has a low injury and collision-damage record, it can reduce your premium by up to 25%. In some states, a 3.0 GPA may reward you and your good student with good premiums, so keep those grades up!