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Business

Rachael Green

My Teen Crashed His Car, and Now Our Insurance Has Tripled. What Now?

(Image credit: Getty Images)

Question: My teen crashed his car and now our car insurance has tripled. What can we do to cut our insurance bill?

Answer: Unfortunately, there's no quick fix to undo the financial damage of a teen driver getting into an accident. Whether your car was totaled or it was a minor fender bender, a teen driver getting into an accident is likely to result in a steep premium increase.

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