Tag: auto insurance
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Comprehensive coverage is rarely worth it on older vehicles
Comprehensive auto insurance on an older car often costs more in premiums than you’d ever recover. Here’s the math and when to drop the coverage.
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Rental car insurance is one of the great consumer scams of our time
Rental counter insurance preys on travel anxiety and confusion. In most cases, you’re already covered three different ways before the agent finishes the pitch.
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Gap insurance is sold by dealerships at three times the fair price
Dealerships sell gap insurance at huge markups. The same coverage from your auto insurer typically costs a third as much. Here’s the markup breakdown.
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Auto insurance uses credit scores and that’s discrimination dressed as risk
Insurers price auto policies partly on credit scores, claiming it predicts risk. The practice quietly penalizes lower-income drivers and is overdue for reform.
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Telematics tracking in auto insurance is surveillance you pay for
Auto insurers offer discounts for telematics tracking. The data goes well beyond your driving and the savings are smaller than the surveillance is worth.
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Usage-based auto insurance penalizes essential workers
Pay-as-you-drive insurance is sold as fairer pricing, but the risk scoring quietly punishes the night-shift commutes essential workers can’t avoid.