If you have a teenager, forget everything I just said. Your rates will skyrocket faster than a rocket launch. But here’s the good news: once that kid turns twenty-one and moves out, your premium breathes a sigh of relief. It’s like the final payment on a really expensive favor.
Studying Insurance International Students' Guide To Car Insurance | TD
When my cousin’s son finally got his own insurance, my cousin called me screaming with joy. It wasn’t about the empty nest—it was about the $200 monthly savings. He bought a grill to celebrate.
The Sneaky Little Details
Sometimes insurance gets cheaper for weird reasons. For example, if you drive less than 7,500 miles a year (thanks, WFH life), you qualify for low-mileage discounts. It’s like being paid to be a homebody.
Also, if you drop collision coverage on an old car, you’ll save a chunk. Let’s be honest: your 2005 sedan with duct-taped bumper isn’t worth fixing anyway. Paying for full coverage on it is like buying a designer scarf for a goldfish.
