When researchers analyzed 73 elements of insurance across 49 policies from 34 insurers, they found a number of problems many drivers will encounter won’t be covered. While almost all policies provided personal belongings cover, which helps drivers replace or repair items damaged or stolen from the car, not all possessions are included. Just two policies […]
Category: Auto
The do’s and don’ts of switching auto insurance policies to save money
Lots of people take an in-depth look at their budget at the beginning of the new year. The holiday season may have resulted in more spending than usual. But with the new year, it’s an opportunity to rein in those expenses a bit. Cutting things like dining out and wardrobe upgrades are obvious ways to […]
Buy a Nice New Car? Here’s How to Keep Your Insurance Costs Low
Recently, I purchased a new car worth around three times more than my old vehicle. We needed a larger car to accommodate our growing family with room for two car seats and a dog. But I was worried about what the purchase would do to my car insurance rates. Read More […]
The cost of car insurance is going up too—here’s why
The pandemic sparked a shift in the world of car insurance. Despite providing customers an estimated $16.4 billion in refunds, auto insurance profits increased as fewer Americans drove and the number of auto claims dropped. But the pandemic continues to shift the industry, and now an increase in insurance costs is expected this year. Supply-chain […]
State of the car insurance market in 2022
Shopping for car insurance can be frustrating. Everything from your neighborhood, age and credit score to the type of vehicle you drive can influence your rates. All the best car insurance companies advertise discounts and low rates, but which ones are actually affordable? We at the Home Media reviews team took a deep dive into […]
How to Lower Your Car Insurance in 2022
At the start of every new year, people set goals. Many of the most common resolutions set during the new year are financial in nature. For instance, some people resolve to pay off their debt before the year ends. Others want to decrease their spending and save money. If you’re one of those people who […]
Auto insurance rates climbing in 2022, how to lower your premiums
Auto insurance rates are expected to climb 5% this year, according to Insurify. But a consumer group says many insurance companies still owe drivers refunds for driving less during the 2020 pandemic shutdown. “We have changed insurance companies probably three times. Four years and no accidents, so we’re like, Why is it so high?” wonder […]
How a speeding ticket impacts your insurance in Maryland
A speeding ticket on your driving record increases the average cost of car insurance in Maryland by 11%, according to Bankrate’s 2021 study of quoted annual premiums. The increase is due to an increased risk of filing claims. In Maryland in 2019, the most recent year with available data, 72 fatalities and 2,737 injuries resulted […]
CAR INSURANCE RATES GO UP AS U.S. DRIVERS RESUME LIFESTYLES
As Americans resume normal economic activities in 2022, auto insurance rates will rise by 0.6% in 2022 after falling in 2021, according to the State of Auto Insurance in 2022 report from ValuePenguin.com by LendingTree. The average cost of auto insurance is expected to reach $1,935 annually, with 22 states seeing car insurance premiums increase […]
Things you absolutely need to make sure your vehicle insurance covers
According to the National Highway Traffic Safety Administration, there were more than 6,750,000 accidents in the United States in 2019. This translates to roughly 18,500 accidents every day. With statistics like these, there is a high likelihood that American drivers will be involved in an accident at some point in their lives, which is one […]
