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Why Auto Insurance is a Must-Have
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Whose gonna pay?

How to buy auto insurance

Ask your parents to add you to their insurance policy. It's the cheapest way to get auto insurance, even if they make you pay them for your portion of the bill.

If this isn't possible or desirable, at least consider their company for the multiple-vehicle discount.

And shop around. The Insurance Information Institute provides a lot of helpful information on shopping for insurance, including a glossary.

Insurance jargon

Here are just a few of the terms you will encounter:

Typical liability is $100,000 coverage for injury to one person and $300,000 per accident.

Don't let these numbers alarm you. Insurance companies don't increase your premiums at anywhere near the rate coverage increases.

Auto insurance may not be glamorous, but it is a crucial element to responsible, mature driving. Part 5 in this series, New Drivers: Start Your Engines!, will help you manage the cost of keeping your car running.

Read the rest of the stories in this series!

Photos courtesy of iStock

True or False: Because of his opposition to using the eagle as a symbol for the United States of America, Franklin's portrait has never appeared on any coin that also portrays an eagle. Click Ben's head for the answer.
FALSE: From 1948 to 1963, Benjamin Franklin's likeness appeared in the American half dollar. On the reverse -- as mandated by Congress -- was the eagle.
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