KarChing Launches New Revenue Stream for Driving Schools in Underserved Auto Insurance Marketplace

CHICAGO - July 25, 2023 - PRLog -- KarChing, the leading driving app for teens and their parents, today announced the launch of a new revenue stream for driver education schools in the underserved marketplace of student insurance pricing options.

The KarChing Driver Education app uses a variety of features to track driving behavior, including speed, acceleration, braking, and phone usage. The app provides discounts on car insurance through its multi-auto, carrier-embedded insurance sales brokerage program.

Post-licensing, the KarChing Cash app rewards young drivers with cash for distraction-free behaviors while behind the wheel.

"We are excited to announce this new revenue stream for driving schools," said co-founder Mark Hahs of KarChing. "We believe that KarChing is a valuable addition for families with teens learning to drive safely and are committed to providing tools needed for driving schools to help with finding affordable auto insurance for teens. On average nationally, it costs $4,200 a year to add a teen to a family auto insurance policy—there's a lot of room to make things better for families and we are leading that cause."

KarChing offers up to 15% of KarChing's commission for every auto insurance policy sold through the KarChing App for private driver education school owners and public driving school organizations.

Additionally, private and public driver education schools can earn $2 per driver per month for each student who uses the KarChing Cash app. Schools can earn additional revenue by promoting the KarChing Cash app to their students and families.

"This is a great opportunity for driver education schools to generate additional revenue and promote safe driving," said Ramsey Gouda, co-founder. "We are confident that KarChing will be a valuable resource for schools and their students, especially in this underserved marketplace related to auto insurance pricing."

The KarChing Driver Education App is a FREE platform for parents, instructors, and teens. Available on both iOS and Android, our app automates and streamlines the verification process of logging the required driving hours in your respective state with care. To learn more about the app or the new revenue stream for driver education schools, visit KarChing.com

About KarChing
KarChing Cash is the leading app that rewards teens with cash for safe driving. The app tracks driving habits and provides real-time feedback to teens and their parents. KarChing also provides discounts on car insurance through its multi-carrier, embedded insurance sales brokerage program in its KarChing Driver Education app.

KarChing is headquartered in Chicago, IL. The company was founded in 2016 by Ramsey Gouda and Mark Hahs. For more information visit https://www.karching.com