I’m 16 and I’ve just gotten my license. My parents told me I could get my own car if I help pay for insurance (I am on their policy). How can I help lower the cost of insurance?
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on getting your license! There are a few things you can do to lower the cost of your family’s policy. If you earn a B average or above in school, you can qualify your family for a good student discount and potentially save them up to 25%.
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