Breaking out into independent life can be full of new things, one of them being getting your own car insurance. People new to insurance and the terminology should familiarize themselves with “premiums” and “deductibles”. It is important to know what your deductible will be, because it will be the amount you will have to pay before your insurance company takes over. Sometimes, young adults can remain on their parent’s insurance plans until age 26. Car insurance, along with renter’s insurance, does not always follow those guidelines though, so be sure to check with your personal insurance provider. Insurance companies routinely offer discounts to children of existing insurance carriers, so it’s a plus to ask if that applies. It’s always a good bet to call around and do some independent cost comparison of your own too.
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Time to Graduate to Your Own Insurance Coverage