Farm Bureau Insurance Reaches $5 Million Milestone in Rewarding State’s Safe Teen Drivers

Virginia Farm Bureau Insurance offers a $1,000 US Saving's Bond to teens who successfully complete a safe driving program. The company recently awarded its 5000th bond. The investment in the safety of Virginia's teens through this program has now reached $5 million.

Farm Bureau Insurance Reaches $5 Million Milestone in Rewarding State’s Safe Teen Drivers
Richmond, VA, April 30, 2010 --( As part of its ongoing effort to reduce the number of auto accidents involving teens, Farm Bureau Insurance will award its 5,000th U.S. Savings Bond through its Teen Driver Safety Education Program. Each $1,000 bond issued rewards Virginia teens for making a commitment to safety behind the wheel.

Since the program’s inception in 1996, Farm Bureau Insurance has invested $5 million by awarding bonds to young drivers in each of Virginia’s 95 counties.

“We are extremely proud of all the teens who have completed this program and applaud them for taking steps to make Virginia’s roads safer,” said Matt Smith, director of marketing for Farm Bureau Insurance. “The $5 million reflects our commitment to safe teen drivers. We believe it’s a small price to pay for a program that has helped save lives.”

The 5,000th recipient is Matoaca High School graduate Kimberly Dabney, now a student at Longwood University. Farm Bureau Insurance also will make a $1,000 contribution to Matoaca’s after-prom party (May 1) to promote safe driving and educate about the perils of drinking and driving.

Spring is one of the most dangerous times for teen drivers as the number of alcohol-related fatalities spike, largely because of the activities surrounding high school proms. In 2007, 113 teenagers (aged 15 to 19) died in car crashes in Virginia, according to Partners for Safe Teen Driving. And 36 of those teens were killed in alcohol-related crashes.

As the height of prom season approaches, Jimmy Maas – Virginia Farm Bureau Insurance’s Safety Coordinator – outlines some tips for parents:

Be absolutely sure where your teens are going and what they are doing
Encourage teens to go to an after party sponsored by the school, where you know there will be no alcohol
You can’t possibly hover over your teen at all times, so do as much as possible to encourage your kids not to drink and drive and to be safe when driving

To be eligible for a U.S. Savings Bond through the Teen Driver Safety Program, teen drivers must meet the conditions of the program, including completion of a driver-safety education course before the driver’s 18th birthday; no traffic convictions or accidents during a three-year period following the completion of the course; the maintenance of a continuous valid Virginia driver’s license during the three-year period; and being continuously rated on a private passenger type vehicle providing liability coverage with Farm Bureau Insurance for the three-year period.

About Virginia Farm Bureau Insurance
Founded in 1950, Virginia Farm Bureau Insurance is committed to providing products that best meet the insurance needs of Virginia’s families and small businesses. An organization with more than 148,000 members, Virginia Farm Bureau has offices that serve every county of the Commonwealth. When you choose Farm Bureau for your insurance, you become part of something bigger. In addition to great benefits, your membership helps us protect Virginia’s farms and ensure a safe, fresh and local food supply through the Save Our Food campaign. Visit Virginia Farm Bureau Insurance at

Virginia Farm Bureau
Matt Smith
(804) 290-1212