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Personal Finance (Not Investing) • Auto insurance with a teenager

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Our teenager just got their license and the fun begins. The premium doubled from 1500 to 3k for 6 mo. We weren't prepared for this. We do carry high limits: 250/500/100k. What should be my approach to contain this cost?

* Get quotes from other carriers? Are there any that are gentle with teen premiums?

* Lower the limits to 100/300/100?

* Can we expect the premiums to come down when they turn 18, go to college full time or other similar milestones?

Statistics: Posted by moneywise3 — Tue Aug 13, 2024 10:46 am — Replies 0 — Views 46



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