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Poor Americans Pay the Most For Car Insurance. They Shouldn’t.
“There is nothing inherent about poverty that makes people more or less risky drivers,” says Douglas Heller, an insurance expert with the Consumer Federation of America. And yet for decades, poor Americans have paid higher car insurance premiums than their wealthier neighbors — not because of their driving records, but because of their credit scores, job titles and education levels.
Last fall, Heller conducted a study that compared auto insurance prices between two Baltimore ZIP codes. On average, residents of the low-income neighborhood paid $1,000 more for their car insurance every year than the high-income neighborhood.
Free Finance Courses For Students and Professionals Alike
At the beginning of May, the U.S. Bureau of Labor Statistics reported that approximately 20.5 million Americans lost their jobs in April. With the current unemployment rate hovering around 14.7%, it’s understandable to be worried about your financial well-being these days.
But there are a wealth of online financial courses available that could help you manage your money. And the best part is, many of those courses are absolutely free. It doesn’t matter if you’re a student, young professional, stay-at-home parent or working from home; you can find the right resource for your economic situation.
Best free finance courses for students
It’s never too early to begin your journey toward financial security. Here are a few resources to point you in the right direction.
What Is Umbrella Insurance and Who Needs It?
Your insurance only covers so much. Whether it’s homeowners, auto, boat or another kind of insurance you might end up in a situation where you’re facing something that your insurance won’t cover. This is where umbrella insurance comes in – it’s extra protection to help fill the gaps.
Read on to discover everything you need to know about what umbrella insurance is and whether or not you should consider purchasing it.
Find the Best Home Insurance
Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.
12 Ways to Watch TV After Cutting Cable
A little less than two years ago, Sarah and I made the decision to get rid of cable television in our home. We canceled our cable service, which was costing us about $100 a month, and moved to a mixture of services. When I wrote an update about our experience after a year without cable, I noted that we had migrated to an over-the-air antenna coupled with a rotating selection of streaming services.
After about a year of trying out different streaming services and combinations, I wanted to offer a summary of the options we’ve tried, how they worked for us, and what we’re going to do going forward. The pricing listed is current as of this writing, though it may have changed a bit for each service when you read this article.
What to Do With That Last Little Bit Left in the Container
We’ve all been there. You have a container of something and it’s almost used up. There’s just a little bit left in the container, but that little bit is hard to access. How far should you go to access that little bit? How much effort is worth it? Even better, is there anything creative you can do in that situation that minimizes effort and time and maximizes return?
Over the last year or so, I’ve been trying different techniques to figure out how to get the last little bit out of different containers, and I’ve figured out a few things that work well and quite a few things that don’t.
Let’s dig into that last little bit left behind in the containers in our lives.
It’s probably not worth it to put in significant effort to get out the last little bit.
In general, the value you get from extracting the small amount of remaining… stuff in the container isn’t worth it if it requires a lot more effort than the normal ways in which you use the product.
After an Accident, Should I Submit a Claim or Pay Out Of Pocket?
Getting into a car accident can cause a whole bunch of problems. Your car could sustain extensive damages or, even worse, you could get injured and need medical care. But beyond that, getting into a crash usually means that your car insurance premium will increase—even if you weren’t at-fault.
How to Continue Your Education Online as a Senior Citizen
Online education has dramatically changed the way older adults and young people alike pursue an education. And with National Higher Education Day approaching on June 6th, there’s never been a better time to think about going back to school.
As an older adult, you now have the opportunity to go back to school on your own terms and at your own pace, by taking classes online — often at a significantly reduced cost, or even free. Whether you’d like to advance professionally, pursue a second career or just keep your mind sharp, there are many online education programs available to you.
Online learning has become especially important during the coronavirus pandemic, enabling students to keep up with their studies, and offering people of all ages the opportunity to pursue an education.
Here’s everything you need to know about taking college classes online so you can achieve your goals.
What Does the Progressive Snapshot Do For Your Car Insurance?
Progressive sold its first auto insurance policy in 1937. By the early 1970s, Progressive had expanded its portfolio to include commercial and motorhome insurance and held its first public offering. Today, Progressive writes policies nationwide, is serviced by more than 37,000 employees and generates $33.5 billion in annual sales. The provider offers a full range of automobile and property insurance products, as well as home financing and personal loans.
PMI: What Is Private Mortgage Insurance?
You may have heard the “rule” that you have to put 20% as a down payment when buying a house. In reality, most home buyers — especially most first-time home buyers — are putting down much less than this. While you can now get into a new home for as little as 3% down, you may end up paying private mortgage insurance (PMI).
If you’re planning to purchase a home in the near future, it’s important that you understand what PMI is and how much it could cost you when budgeting for a house purchase.
What is private mortgage insurance?
What is PMI? Private mortgage insurance (PMI) refers to an insurance policy designed to protect the lender in the event you default on your home loan. Most lenders require PMI when your loan-to-value ratio is 20% or lower. In other words, if you put down less than 20% as a down payment, most lenders will require PMI.
When Will All the Jobs Come Back?
Somewhere in Wrigley Field, a nacho carton skitters along the aisle between the stands, pushed by a light wind. It could be the most activity this stadium sees all season. Across America, concession line cooks and cashiers are out of work. The hospitality industry has been devastated, along with restaurants, retail, construction, and education. According to CNN, 1 in 4 American workers have filed for unemployment since March.
Most of America feels like an empty stadium right now. When will isolation end? How will it end? How long will it take to get the economy back up and running?
When, exactly, will all the jobs come back?
A Season or a Decade
We’ve rebounded from plagues before. The problem is, we’re rusty.
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