Full coverage car insurance covers you for most eventualities, but it is also expensive. You get what you pay for, and in this case, what you pay for is liability coverage, collision coverage, and comprehensive coverage. The question is, how essential are all of these coverage options and at what point do they become surplus to requirements? Your insurance coverage is never […]

When Should you Drop Full Coverage on your Car? is a post from Pocket Your Dollars.

If you buy or lease a car, you’ll need to arrange for insurance coverage. Not only is it the law in most states, it will also protect your bank account in the event of an accident. However, if you’re involved … Continue reading →

The post What Is Uninsured Motorist Insurance? appeared first on SmartAsset Blog.

Car manufacturers have been feeling the strain during the financial crisis. There are fewer cars on the road, workers in the factories, and consumers willing to spend, and as a result, the automobile industry has been devastated. But manufacturers and showrooms are fighting back, finding ways to encourage consumers to buy and to make life […]

2020 Financial Crisis Auto Loan Relief is a post from Pocket Your Dollars.

These days, it can take a long time to pay off a car loan. On average, car loans come with terms lasting for more than five years. Paying down a car loan isn’t that different from paying down a mortgage. … Continue reading →

The post All About Car Loan Amortization appeared first on SmartAsset Blog.

Recent data suggests that the average driver will spend close to $100,000 on car insurance over their lifetime. That’s a staggering sum of money, especially when you consider estimates that suggest Americans will pay over $500,000 in that time just to own, operate, and maintain a car. $100,000 is a lot of money to spend on something […]

How To Get The Most Out Of Your Auto Insurance Coverage is a post from Pocket Your Dollars.

The sad thing about cars is that like boats and diamond rings, they’re depreciating assets. As soon as you drive yours off the lot, it immediately begins losing value. Some people are lucky enough to live somewhere with a reliable … Continue reading →

The post How Much Should I Spend on a Car? appeared first on SmartAsset Blog.

You’re involved in an accident, your car is wrecked, and your insurer has stepped in to cover the damages. All is well, and you only have the deductible to worry about, but what happens before the car is fixed? How do you continue to get to work every day and take the kids to school […]

A Guide to Rental Reimbursement Coverage is a post from Pocket Your Dollars.

The number of Americans driving to work alone is on the rise, according to data from the U.S. Census Bureau. With the increase in drivers comes traffic, which means more time and money spent idling in cars. Some cities are … Continue reading →

The post The Worst Cities to Own a Car appeared first on SmartAsset Blog.

Insurance companies determine risk when calculating rates and offering coverage. If the company determines that your accident risk is higher than average, you’ll have to purchase high-risk auto insurance. Since companies base rates on risk, you can expect to pay more for coverage if you need high-risk insurance.  Find out why you might need high-risk […]

What Is High-risk Auto Insurance?   is a post from Pocket Your Dollars.

For many people, car insurance is a major expense category in the household budget. And because it’s against the law to drive without car insurance, it’s not a budget item that can be eliminated unless you’re willing to go car-free. … Continue reading →

The post How to Get Cheap Car Insurance appeared first on SmartAsset Blog.