Paying Too Much for Car Insurance?

Shop around. Young adults can save hundreds of dollars as they move out of the age-penalty box, get married, start a career or build a credit history.

When it comes to car insurance, young adults tend to take the path of least resistance -- and that could be costing them hundreds of dollars a year.

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.

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Erin Burt
Contributing Editor,