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Getting Auto Insurance for a New Teen Driver

Even though more teens are putting off getting their driver’s license and delaying hopping behind the steering wheel, they’ll start driving at some point. And that means that your new teenage driver will need auto insurance. Here’s a six-point checklist for insuring that new driver (teenager or not): Create a Budget First things first. Determine how much you can spend (read: would like to spend) on your new driver. In this overall budget estimate, include annual costs for insurance, another family car — if that’s part of the plan — and auto maintenance. An item to note: Simply adding a…