Few things raise an auto premium like a newly licensed teenager. The increase is real, but how big it is depends a lot on the choices you make and the carrier you’re with.
Tell your carrier at the right time
Ask your agent when your teen needs to be listed. Carriers have different rules about learner’s permits and newly licensed drivers, and leaving a licensed driver off a policy can cause problems with a claim.
Ask about discounts
- Good student. Many carriers discount for strong grades, typically a B average or better. Have a recent report card handy.
- Driver education and training. Completing driver’s ed, and sometimes an additional safe-driving course, can earn a discount.
- Student away at school. If your teen is at college far from home without a car, some carriers reduce the rate.
- Telematics. Some carriers offer an app or device that rewards safe driving habits.
Think about which car they drive
Some carriers rate the teen on a specific vehicle. An older, safer, less expensive car usually costs less to insure than the newest car in the driveway.
Review your liability limits
More drivers means more exposure. This is a good time to make sure your liability limits are high enough, and to consider an umbrella policy for extra protection.
Shop it
Every carrier prices young drivers differently, which is exactly where an independent agent helps. We’ll quote your household with several carriers and show you the difference. Start an auto quote.