A 5-year-old car is much less expensive to insure than a brand new one, even when the vehicles are otherwise identical. The reason for this is that the older car has a much lower cash value than a new car, which means less risk to the insurance company. Additionally, older vehicles t...
For parents curious about insuring their soon-to-be teen driver, there's more good news. Many insurers reward responsible teenage students with discounts. Whether it's maintaining good grades or completing a driver's education course, there are usually avenues to further reduce premiums. Always ...