Most kids (over the age of 20) of my friends and clients have cars, but a handful of the most resourceful ones do not. OR, by necessity and affordability of car insurance, certain kids – in discussions with parents – have made the smart decision to forego owning a car until a future date. This situation may continue to happen especially in families, even wealthier families, with multiple kids under the age of 25.
Car insurance is expensive and becoming more so. The number of uninsured drivers (why is that even legal?) ramps up the cost of car insurance for all – even drivers with impeccable driving records. In addition, lingering inflation is contributing to exorbitant increases in auto insurance premiums.
