Minimize the Cost of Adding a Teen to Your Policy

It’s no secret that insuring a teen driver can make your insurance significantly more expensive. As freshly-licensed drivers, teens are particularly accident prone ̶ studies show that 1 in 5 16-year-old drivers has an accident within their first year of driving. While we hope your newest drivers as accident-free, we have a few tips to help prevent your rates from jumping up unexpectedly and keep your plan cost-effective:

Have them pay for it.

Some families choose to have their teen drivers pay for their own insurance. Not only does this eliminate parents’ financial obligations when adding a teen to their policy, but it also helps teach teens about budgeting and how to be responsible with money. Not to mention it will give them a vested interest in keeping their rates down.

Pick the right car for your teen.

Apparent offers a Safety Feature Discount that is available for drivers of cars with safety features such as Bluetooth, blind spot warning, and backup cameras. This means you can get up to 5% off your plan just by having the right car! Consider choosing a car with these or other safety features that will put both your mind and wallet at ease.

Keep in mind how much of the year they’ll be driving.

It doesn’t make sense to pay full price to insure a car that isn’t being driven most of the time. That’s why we offer the Student Away Discount, savings for students who attend school at least 100 miles away from home and don’t have their car with them. While this discount may not be applicable to your 16-year-old, it’s a good thing to keep in mind for older teens heading off to college.

Brag about your student’s grades to us.

We think hard work deserves a reward, which is why we offer a Good Student Discount. This discount is available to any student on your auto policy with at least a “B” average in school.

Bundle your insurance plans.

Teenagers can be pretty expensive, so we want to help you save wherever you can. Choosing Apparent to insure your home, life, and/or motorcycle can save you up to an additional 9% through our Multi-Policy Discount.

Insure more than one car.

Adding another vehicle to your policy is often more cost-effective than people realize thanks to our Multi-Car Discount—insuring more than one car can save you up to 33%! This is one of the few times in life buying something for your teen can actually end up saving you money, so cash in!

Upgrade your accident forgiveness.

This is an additional coverage that can be added to your policy. Upgraded accident forgiveness ensures the first chargeable accident that occurs on your policy will not increase your rates. Since teens are more likely to have an accident within their first year of driving, upgraded accident forgiveness could end up saving you money.

Consider a Diminishing Deductible.

With Apparent’s Diminishing Deductible, you can reduce the collision deductible on your policy each year by $100 just by being a safe driver. This can save you money and encourage safe driving for your teen.

Have more questions about adding a teen to your policy? Reach out to us via our Chat feature today!