Integrated auto insurance for teens

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Seattle-based insurer Safeco recently launched an insurance policy for teenage drivers: Teensurance. A combined package of insurance and a GPS tracking device (the 'Safety Beacon'), Teensurance offers parents the ability to monitor their teenage children's behaviour on the road. Using the Safety Beacon, parents can set how far their children are allowed to drive, at what maximum speed and what time of day. If one of the boundaries is crossed, parents immediately receive a notification by phone. Using an online interface, parents can track where their children (and cars) are, and how fast they're driving. Teensurance also provides a Teen-Parent…

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