SafeDrivers

If a car tops your teen's holiday gift wish-list, give as much consideration to insurance as you do the car's make and model and the debate over whether to buy new or used. And brace yourself for insurance premium sticker shock. Here are some ways you can mitigate the cost of insuring your teen driver.

Would you be willing to let an insurance company electronically monitor your driving habits in return for a possible 25% cut in your premium? That's the deal now offered in 19 states by Progressive Insurance, as it works to take its MyRate program national. The company uses three criteria for the...