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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

Your Kid Is a New Driver: Will Your Car Insurance Take a Hit?

A teenager in the driver seat of a car looks over at her mother in the passenger seat.

The most exciting day of your life may in fact be when you first became a parent. Gone are the days when the father-to-be paces in the waiting room smoking a cigar while the mother-to-be promises bloody murder. Fast-forward 15 or so years into the future, when you took your little bundle of joy out for their first time to practice driving. Remember how great that felt, the wind in your hair, the freedom of having a personal chauffeur in your future, images of the second job as a taxi driver to your child slowly fading away?

No? You mean you were petrified, holding on to the inside of the car for dear life and questioning every choice you’ve made in your life? Yeah, join the club. Teaching your kid to drive is not for the faint of heart, and that includes your insurance company.

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