Cost to insure an electric vehicle is on average 21% higher than gas vehicles, according to a study by NerdWallet. Higher insurance rates are one of the roadblocks for the wider adoption of EVs in the US. Tesla Model S, which costs $80,000 costs approximately $3,300 to insure. Depending on the state you live, you …
Why Are Insurance Rates For Electric Vehicles So High? Read More »
Due to COVOD-19, the American economy has taken a dive. 35 million American workers are unemployed. An majority of these workers get their health insurance through their employers. As these folks lose their jobs, they also lose their health insurance benefits they had through their employer. We will look at a few options available to …
When you are ready to sign the papers to buy a car, you will be offered a myriad of add-ons – extended warranty, rust protection, life-time oil changes, and dent repair. One of the products the dealership will try to sell you is credit life insurance. They will tell you that it will pay off …
What is Credit Life Insurance? (And Do You Need It When You Buy A Car or a Home)? Read More »
Choosing a health insurance policy is straight forward. You choose a deductible. Your monthly premium goes up if you choose a lower deductible and your monthly premium goes down if you choose a higher deductible. But dental insurance works differently. With annual maximum limits and limited coverage, you may wonder if you need it at …
The number of miles driven varies widely. Some people may have a 50-mile commute each way whereas others may drive a few miles and use public transport. The more miles you drive, the more likely you are to get into an accident. So it makes sense that people who drive more pay more in auto …
Should You Switch To Pay-Per-Mile Car Insurance? Read More »
We all make mistakes. Getting a DUI is not only painful emotionally, but it could also cost you financially. The cost of an average DUI is around $10,000 and that does not include any lost wages. Initial costs include the cost of towing, bail, legal fees, court fines and expenses for alcohol education. Perhaps the …
Many travelers are finding out that their travel insurance policy does not cover delays or cancellations related to coronavirus. Only those who purchased insurance before the “cut off” date set by their insurer have coverage assuming that the policy covers epidemics and pandemics. Although the cut off date varies across insurers, it is around late …
Standard Travel Insurance Won’t Cover Coronavirus. What Are Your Options? Read More »
Loyalty is dead. Being a loyal customer will not get you the best rate. In fact, companies will go out of their way to raise prices on their most loyal customers. Let’s take a look at a few scenarios. Your contract with the cable company ends. Your cable company jacks up your price by 20% …
Life insurance is an important part of everyone’s financial plan. In the event of your death, life insurance will help your loved ones financially. Life insurance proceeds will pay for your funeral, your debts, your children’s education and will significantly reduce your family’s financial burden. You will make life insurance premium payments every month for …
If you are renting, do you know that your landlord’s policy only covers damage to the dwelling and provides coverage to protect the landlord, but does not cover any of your personal belongings? If your personal items such as a laptop or iPad, clothes or furniture get stolen, it will cost you at least $5,000 …
