Risk & Business Magazine General Insurance Services - Fall 2020 | Page 31

TEEN DRIVER
students with a C or D average in school
are 49 percent more likely to get into a
car accident than those with an A or B
average. As a result, students with an A or
B average are labeled as low-risk drivers
by car insurance companies and rewarded
with lower rates.
While specific qualifications vary between
carriers and states, most auto insurance
companies typically require students to
meet the following standards:
• Be under the age of 25
• Be currently enrolled full time in
high school, college, or university
• Maintain at least a 3.0 GPA
• Score in the top 20% on the PSAT,
SAT, or ACT
• Receive recognition on the dean’s list
or honor roll
In order to receive the good student
discount, you will need to provide
both proof of enrollment and proof of
academic achievement. This proof can
be provided to carriers in the form of a
report card or transcript, standardized
test score results, a letter from a school
administrator, or a dean’s list or honor
roll certificate. In the case of a homeschooled
student, you will need to
provide a certification signed by a homeschooled
certifying body, such as the
State Department of Education.
WEIGH YOUR BUYING DECISION
Wanting to get your teenager a new car to
drive with the latest safety equipment is
understandable, but you may be better off
purchasing a safe used vehicle in terms of
premium prices.
SET YOUR EXPECTATIONS FOR SAFETY
AND MINIMIZE DISTRACTED DRIVING
Teens can get distracted easily. To help
reduce potential accidents:
• Restrict your teen’s nighttime driving
• Do not allow them to drive with
more than one other person in the
car
• Ban smartphone use while driving
• Ride with your son or daughter
occasionally to make sure they
are keeping up with the safety
habits that they learned in driver’s
education
If you will be adding a teen driver to your
policy soon, or simply have questions
about your options, give me a call. I can
be reached at 219-809-2112 or kwisser@
genins.com. +
Katelyn Wisser joined General Insurance
Services (GIS) in 2016. Prior to joining GIS,
she graduated from Purdue University
North Central with a Bachelor of Arts in
Behavioral Science and a minor in English.
Katelyn is a member of the Michigan City
Rotary Club and enjoys maintaining a
vegetable garden with her husband and
spending time outside with her dogs. She
presently resides in Trail Creek and works
in our Michigan City location.
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To find out how West Bend can help protect your valuable business,
contact this Official Supplier of the Silver Lining ® .
[phone]
www.genins.com
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