Key Takeaways Even with a learner’s permit, you are required to have car insurance in most states. Premiums may be cheaper if you add a student driver to an existing insurance policy. If your child does not live at home or has a car in their name, they may need to purchase their own separate policy. You cannot register a vehicle with a learner’s permit. You need a valid driver’s license. Car insurance is mandatory in most states, even for drivers with learner's permits. Typically, a learner's...

Your credit scores are a reflection of how responsibly you manage credit. The higher your scores, the better you look to lenders. According to FICO, the most widely used credit-scoring model, a good credit score is between 670 and 739. In 2023, 67% of Americans had good scores or better, according to Experian. Having good credit can open the door to better loan rates, higher credit limits and even job offers, lower insurance premiums and housing approvals. But building good credit takes time,...