Once you move out from under your parents' roof or buy your own car, most insurance companies will require you to buy your own policy instead of keeping your coverage under Mom and Dad's. When that day comes, many of us simply stick with the same company as our parents, opening our own policy without even looking around to see what else is available.
Paying Too Much for Car Insurance?
The truth is, rates for the exact same level of coverage can vary dramatically from company to company due to variances in their operating costs, past claims experience and formula differences. So it really pays to re-shop your policy among as least three insurers to see who can offer you the best deal for your age and situation, which, obviously, are much different from your parents'.
Paying Too Much for Car Insurance?
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