Teen drivers can raise a family’s insurance deductibles by double or even triple. Because of this, parents need to do research to obtain the most advantageous coverage and premiums. Know that your teen driver might not be automatically covered under your policy. Depending on your state’s regulations, along with your individual carrier and policy, it might be your responsibility to add coverage for your child. Boys cost more to insure than girls, but factors such as good grades can lower the policy’s premiums. Consider combining your homeowner’s and auto policies to save money, and get competitive quotes to know you’re getting the best available coverage for the money.