Wenatchee Insurance was set up to get cheap insurance for teen drivers . We recognized that it can be a challenge because teens are considered high-risk drivers due to their lack of experience. Suzie and Matt have a teen driver in their household, so we understand how tough it is to get good coverage that is affordable.
Here are several strategies you can consider to potentially lower the cost of insurance for a teen driver:
Compare Multiple Insurance Quotes: We use and internal exchange to shop for and obtain quotes for our clients. Prices can vary significantly, and as an independent insurance agency, we do the work of multiple applications and present you with options. We are your personal shopper.
Add the Teen Driver to an Existing Policy: Instead of purchasing a separate policy for the teen driver, consider adding them to an existing family policy. This can often be cheaper than getting an individual policy. As long as everyone is in the same household or all garage addresses are listed, a family policy is often the cheapest approach.
Take Advantage of Good Student Discounts: Many insurance providers offer discounts for teen drivers who maintain good grades. Encourage your teen to work hard in school and provide the required documentation to the insurance company to access this discount.
Opt for a Safe Vehicle: The type of car your teen drives can affect insurance rates. Choose a safe and reliable vehicle with good safety features, as insurance premiums tend to be lower for such cars. There are cars that insurance companies refuse to cover or have higher rates do to their theft potential.
Increase Deductibles: Increasing the deductible—the amount you pay out of pocket in the event of a claim—can lower insurance premiums. The question to ask yourself is how much you want to pay out of pocket before the insurance company takes over.
Limit Coverage: Evaluate the coverage options you need and consider excluding certain coverage types that may not be necessary for your teen driver. Be cautious, though, as it’s important to maintain adequate coverage for protection.
Telemetrics: Some companies will use an application on a smartphone. Depending on when a person drives, how a person brakes and starts, and how fast they go is tracked and this can lead to some significant savings.
Remember that insurance rates vary based on factors such as location, driving record, and the insurance company’s policies. It’s essential to discuss your specific situation with insurance providers to get accurate quotes and determine the best options for your teen driver.
Let’s chat and see what we can do.