WASHINGTON - (Business Wire)
GEICO understands that teaching your child to drive can be a daunting task. The costs of insuring them can be daunting also, so GEICO recommends that parents learn about all available discounts when adding a young driver.
In Virginia, for example, drivers who are full time students between the ages of 16 and 24 could be eligible for a 10-15 percent GEICO discount if they meet any of these requirements:
- B average prior semester
- 3.0 grade point average
- Dean’s List or Honor Roll
- top 20% SAT scores
- top 20% PSAT scores
- Home-schooled students may be eligible based on standardized exam results
Kirk La, assistant vice president of underwriting in GEICO’s Virginia Beach office, notes that it pays to shop around. “We know new teen drivers are generally higher risks, but we can now look at certain characteristics that could mean lower rates for them. We’re glad if we can provide our policyholders with even more savings.”
He added that GEICO is at work to help keep teen drivers safe. “We offer teen safe driving information through our national speakers bureau and on our Web site. We’ve learned what it takes to be a safe driver and we tell everyone we can.”
GEICO safe driving materials can be downloaded or ordered online at no cost at http://www.geico.com/information/safety/auto/safety-library/. For more information about all insurance discounts, go to http://www.geico.com/information/discounts/.
GEICO (Government Employees Insurance Company) is the third-largest private passenger auto insurer in the United States based on the latest 12 months written premium. It provides auto insurance coverage for nearly 8.5 million policyholders and insures more than 14.4 million vehicles.
In addition to auto insurance, GEICO offers customers insurance products for their motorcycles, all-terrain vehicles (ATV's), boats, homes, apartments and mobile homes. Commercial auto insurance and personal umbrella protection and life insurance are also available.
As a member of the Berkshire Hathaway group of companies, GEICO is rated A++ for financial stability by A.M. Best Company and ranks at the top of several national customer satisfaction surveys. For more information, go to http://www.geico.com.
GEICO Corporate Communications
(301) 986-3271
