acitez's picture

Insuring teenage drivers

One thing to consider--when a person is purchasing insurance and there has been a hiatus period with no insurance, their insurance will be significantly higher. Insurance does not keep you safe, healthy, employed, or alive. It does protect the family from bankruptcy (usually).

The good student discount is a great incentive if you make your kids pay their portion of insurance out of their earnings, which I think is a really good idea if they have earnings.