It’s a day you’ve been looking forward to and dreading at the same time. The time has finally come to add your teen to your auto insurance policy. While you’re proud that your child earned a driver’s license, you’re probably worried about how much your car insurance premium will increase when you put your young adult on your policy.
Unfortunately, your premium will increase when you add a young driver to your policy. Luckily, there are some discounts you might qualify for which can help minimize the increase you’ll have to absorb. Here are some of the discounts that can help minimize the financial “sting” that typically accompanies putting a teenager on your auto insurance policy.
- Good student discount: If your teenager has a GPA of 3.0 or higher or your child is in the top 20% of their class, you may qualify for a good student discount that may be as high as 25%.
- Driver training discount: When your teen completes a driving training course or a defensive driving class, it may net you a discount of up to 15%.
- Multi-vehicle discount: Are you going to get your teen a new vehicle like a Lincoln SUV? That might be a good idea because you may qualify for a discount when you add the new car to your policy. Now you have another reason to shop at our Lincoln dealership near Janesville, WI!
- Student away discount: If your young motorist doesn’t have a car and attends college 100 miles away or more, you may be eligible for a discount of up to 35% depending on your carrier.
Now that you’re familiar with some of the discounts that can help you save when you add your teen to your car insurance policy, it’s time to find an automobile your young driver will love as much as you do. Shop with Griffin Lincoln Fort Atkinson today!