Keep Premiums Low When Adding Newly Licensed Driver to Auto Policy

Dear Sherri,

I’m adding my newly licensed son as a driver to my auto policy; I know this change is going to be expensive. What can I do to offset the increased premium?

Mom in Panic

Dear Mom in Panic,

First, take some deep breaths, meditate, and if that doesn’t work out, hit the liquor cabinet! But honestly, there are plenty of things you can do to offset the premium increase, such as:

Have all drivers on your policy complete a Defensive Driving Class
Apply for Good Student Credits
Having a College Degree
Garage your Vehicles at night
Pleasure use versus driving to/from work (use public transportation for your commute)
Higher deductibles on physical damage coverage
Mature Driver/Retiree Discount
Multi-Car Discount
Multi Policy Discount
Driver’s Education Courses

By the way, now is a great time to make sure you have high bodily injury limits and purchase an umbrella policy. Call your agent today for more detailed information on these items.

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